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Obviously, (I think) is the most pressing one, which is Friday’s. We already have earnings, so can you roll them all down maybe to $28? You would have to add some, but you might come out better in the end taking it down and out a ways?
The CC will give you a cost basis of $29 for the shares you own, which isn’t too bad. we just need to get the earnings season out of the way.
Amy
Oh man, I was so thinking about that, but doing it with IBM was enough for me this week. Congratulations!!
Amy
STO IBM P 8/07 @ 1.20
leeeetle nervous but I trust Teddi’s chart reading, but I have always been selling calls on IBM. First time puts.
Amy
Be careful. They have earnings tomorrow, and if UTX was any indication, China is a big problem. Brazil is in recession. IDK, might they miss big? Or is it priced in?
Amy
STO 7/31 p strike 78.50 @1.02
BTC 137 @.01
BTC 136 @ .06. Total return 2.73- IB commision
Btc 123 strike 7/24. @.70
STO 121 strike 8/7 @ 1.35
Naked on 1/2
I assume these are covered calls instead of naked calls.
STO 137 c 7/24@ 1.00
Added @1.09
STO AUGUST 7 STRIKE 28 @ .31
STO 136 c 7/24 @1.70
I found the answer to my question. False alarm.
Sorry this was 7/24. I am easily confused
STO 7/31strike 28.5@ . 22
BTC my $48 strike expiring today for .05. Still have the August $45’s. Got a nice premium on that one!
amy
STO AUGUST 7 STRIKE 28.5 @ .45
AMY
STO Aug strike 28 @ .45
Yes for 2 straight months it rallied above put strikes on OE.
yea, I was gonna short it when I saw the huge bounce! Hopefully it stays above $28 by next week.
Amy
And the rally happens on cue! How does Teddi know that will happen?
Amy
Posting the details of the options that you are considering would be helpful to those of us that would like to respond. The exact targets that you are looking at makes a difference in understanding what you are asking about. What is the underlying stock? What expirations are you looking at? What strike prices? These all make a difference in being able to give you a somewhat informed response.
Tom
Hi Toby,
This is not the article. I remember the article because the bid/ask for the strikes did not make sense. I am assuming someone other than Teddi wrote this article. I had planned on writing Teddi about it.
Below is the email notice wording
Trading around earnings can be exciting for some investors and exhausting for others. It come down to your outlook, your comfort level and your strategy being used. Intel Stock reports its earnings Wednesday after the market closes. I am expecting a fairly wide swing after hours and on Thursday. This article for USA members looks at my trade strategy I am implementing to profit from price movements I am anticipating following the earnings announcement tomorrow from Intel. https://www.fullyinformed.com/heading-into-earnings-on-intel-stock-for-july-15-2015/
Thanks for your reply.
Best
I suspect you mean this one -> https://www.fullyinformed.com/members/heading-into-earnings-on-intel-stock-for-july-15-2015/ which discusses 2 debit spreads, not naked put sale.
I notice searching for “INTC” does not bring up the article, but searching for “Intel” does…