Generally, earnings-trades are moronic. Define the edge loss (marketable spread > fairval) compared to the don't pass line at craps. I doubt most here are playing less than 3% edge loss. in what amounts to a coin-flip. Not calling anyone out, just IMO.
doesn't excite me just curious, too close to the high and this thing is up a ton. Gun to the head I would buy it.
I have a bit of a loss on BIDU trade too... But I'm holding on to see what happens tomorrow and maybe Thursday too... otherwise I'll close with a loss..
I´ll post this for my fellow novices. Just got off the line with HELP in TOS. I was showing a line that I was exposed the QQQ index. Turned out I had a CALENDAR trade a week ago. I tried for the last two hours of expiration FRIDAY to close the CALENDAR, but it would not get closed. I figured they did some kind of cash settlement on the short side. Blissfully going along, I´ve been clearing my account, this week, so I can start with a couple of fresh strategies should the occasion arise. Anyway, I had this short -100 QQQ showing on my trade positions. It had a small profit, but didn´t know what it was? Turned out I should have bought back the short side of the CALENDAR spread on expiration Friday a week or so ago. I thought the exchange did that stuff? Apparently not so in an index trade. So lesson learned; when trading the CALENDAR SPREAD, the expiration week short contracts have to be closed independently, if you are unable to close the spread itself. Boyooooo! The things I´m learning, no end to it.