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re: Options Trading Thread
Posted on 10/5/22 at 10:07 pm to Jag_Warrior
Posted on 10/5/22 at 10:07 pm to Jag_Warrior
Course, we had no way of knowing that it would spike back to 147 within 3 trading days.
Here’s a question for those who occasionally go net long on options before earnings. I know that I tend to sell in the days leading up to earnings to catch the vol spike and to let the price get somewhat established. I’ll assume that a net long would want to do the opposite and avoid the vol spike as much as possible. Right? Wrong? Just depends?
So how far back do you tend to go during earnings season with net longs (could be straight options or multi-leg spread positions)???
Here’s a question for those who occasionally go net long on options before earnings. I know that I tend to sell in the days leading up to earnings to catch the vol spike and to let the price get somewhat established. I’ll assume that a net long would want to do the opposite and avoid the vol spike as much as possible. Right? Wrong? Just depends?
So how far back do you tend to go during earnings season with net longs (could be straight options or multi-leg spread positions)???
Posted on 10/5/22 at 10:23 pm to Jag_Warrior
If already holding a long call going into earnings and the stock runs up I would typically cut part of the position and sell calls against what I leave on.
You could also sell calls against your position and buy some additional long calls at a higher strike to create an unbalanced butterfly
General market comment: NYSI has started to turn up. MACD is turning positive as well. Let’s see how the next few days shake out but we could get another multi week bear rally here. Last Thursday NAAIM was 12.6, that’s one of the lowest readings I’ve seen. Interested to see what it is tomorrow. Of course all this could breakdown Friday with jobs report. We are still in an overall bear trend
You could also sell calls against your position and buy some additional long calls at a higher strike to create an unbalanced butterfly
General market comment: NYSI has started to turn up. MACD is turning positive as well. Let’s see how the next few days shake out but we could get another multi week bear rally here. Last Thursday NAAIM was 12.6, that’s one of the lowest readings I’ve seen. Interested to see what it is tomorrow. Of course all this could breakdown Friday with jobs report. We are still in an overall bear trend
Posted on 10/6/22 at 8:29 am to Jag_Warrior
Euan Sinclair has a brief blurb about Pre Announcement Drift in his book Positional Option Trading. "My preference is for a 50 delta/20 delta, 1-month call spread." He's buying longs in this case.
It's not something I trade specifically. I like to sell after the earnings announcement if we got an oversized move.
It's not something I trade specifically. I like to sell after the earnings announcement if we got an oversized move.
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