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Post by ThetaJunkie on Jun 27, 2013 11:59:03 GMT
Earnings play:
- look to take off KBH earnings plays
Looks like there will be up opening, so plan for today:
- look at broken wing iron condors for any that have hit profit targets; - look at broken wing iron condors for any that can be adjusted;
Gold & miners may be up:
- look at rolling down any calls in GDX, ABX that make sense
Other things:
- scan iron condors for legs that are < .06 - bitch about Pandora
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Post by panthersfan1234 on Jun 27, 2013 12:57:46 GMT
Two Things 1. We are still taking nom nom nominations for the renaming of the broken wing IC in honor of ThetaJunkie. Once we have a few more, we will use the handy dandy polling feature on this forum to choose a winner. 2. One of my favorite things to look for are stocks who have had earnings (and/or other binary event), but still have a decent amount of implied volatility left (see previous discussion on LULU). Today, I have three that I am watching: LEN - impvol > 45? APOL - had very little vol crush WAG - impvol > 30? What I like to see is vol drop after earnings, then a couple of days after, tick up. With LULU, pre-earnings vol was 45-46, after earnings 40, couple days later 43. You can sell premium that is almost as rich as before earnings but without the earnings risk! More on this later.....
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Post by Swing_Trade on Jun 27, 2013 17:09:38 GMT
Trying to sell SPY verticals, in anticipation of market pullback Selling naked puts in GLD,SLV,GDX Buy a call spread in AAPL, or maybe a Broken Wing Butterfly, Sell Puts in VXX
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