I considered this same trade (but with the mothly)....opted against it because the risks of a big beat or miss here seemed to outweigh the premium you could take on this one.
Hey Beer, Even if FDX does have a big beat/miss that would actually increase the earnings expiration of UPS even more ( UPS would most likely follow suit and therefore vol needs to increase). So I think it's a win win. Anyways we shall see tomorrow
Oops, I misread that as the FDX $260 calendar....looking like a good trade now. Yeah, you're probably set on UPS....lookin good.
Closed UPS for 1.57 (scratch) Vol came in but spread widened and I got and could not get a fill above 1.60. No calendar trades today working on some spread sheets to help me find trading ideas quicker
FLT July/Aug 220 P for 3.95. Filled Current positions. JPM 109 June29/July13 for .55 GS 230 June29/July6 for .63 IBM 145 June29/July6 for .26 MPC 75 July20/27 for .23 VIAB July 27/Aug 17 30 P for .34. FB July27/Aug 17 205P for 1.80 FLT July/Aug 220 P for 3.95
Closed IBM yesterday for .22 loss of 18% Closed FB for 2.04 gain of 13% JPM is trading at .70 but will keep holding
Placed a trade on Visa today. Bot the July 20 sold July 6. Earnings is being priced in for the July 27 cycle, yet every estimator I have seen is for July 18 or 19. Good risk reward here. V calendar JULY 6/20 for 1.16 We should see the back month Jump 5% on confirmation.