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Post by ThetaJunkie on Jun 9, 2013 22:26:54 GMT
Make sure you are in a liquid stock. For earnings you want to be in and out quickly. You can't get out quickly if the stock isn't liquid.
And sell, sell, sell premium. Lots of strategies open up for earnings. But it all starts with liquidity.
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Post by b1llmoo on Jun 9, 2013 22:34:40 GMT
Gonna Look at LULU for tomorrow. I like to sell strangles straight up,always super small. They just posted the weeklys on Friday. 90/72.5 for 60-65c. Will post a screenshot If i can get a early fill...
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Post by b1llmoo on Jun 10, 2013 16:19:14 GMT
 Had to close out for a small loss. Put the play on to early think the vol would come in instead of expanding... |
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Post by b1llmoo on Jun 10, 2013 22:58:24 GMT
So i ended up doing a 2X 70/95 strangle.. LULU FOR 21c. The CEO decided to step down..I shorted in and out AH for around 200 profit. I covered my LULU at 71.. So I am hoping for a pop tomorrow on the open so We shall see If it cost me or not...Really need that VOL to come in... Thoughts...
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Post by b1llmoo on Jun 11, 2013 13:42:39 GMT
Ate 100 buck loss.. Store is still open...
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