Long a few 195/210/225 flies for AMZN. I'm betting the e-commerce industry is good right now.. THAT and the EPS expected is a mere 7 cents compared to several multiples of that every other time before this... I'm sure they can beat that... let's see. If I lose, it's nothing I can't handle... If I win, it'll be nice change to spend an upcoming bachelors party.. Here's to Ganesh and Jesus atticus
This was a classic black swan... It moved more than twice the straddle value pre-earnings.. nobody thunk it! the straddle sellers are just shitting their pants.. if you sold it, you're at approx a $1700 loss per straddle... YIKES!!! But I'm genuinely concerned for flipside21... he had a 18000 running loss because he dumped most of his account into SPY puts- which, according to him, and if true actually amounted to $90,000 trade!!! He probably lost more today if he didn't close out and take a loss... He needs Ganesh!
Thank you for your concern. I am hurting bad, down $46,442 on this trade in 2 days. I have some bad qualities when it comes to trading: excessive position sizing and difficulty in getting out of bad trades, but I'm holding on to this one. Futures pointing down on Spain downgrade.
So an update... I only lost around $500.. I had a really wide IC in SBUX which I closed soon upon market open... so that helped a little. For the IC, here's a snapshot of my attempts at givin the market makers a bit of a chuckle this morning: