Options expiration week started pretty well today. AMZN Aug 85's were the best risk/reward for me but looks like there decent moves in the AAPL 175 Calls and WYNN 155 Calls that I missed.
AMZN - ran out of the gates and broke the earnings day high at 82.00. I picked up the Aug 80 & 85 Calls.
Bought @ 82.30, Aug 80 & 85 Calls (Aug 85's were cheap this morning so I was able to position-size a decent amount)
Sold @ 89.30
Profit - $6.00 profit on Aug 80's, $4.00 profit on Aug 85's
CME - broke recent highs at 346.00. I tried holding 1/2 for an overnight swing but my stop was triggered in the late sell-off.
Bought @ 347.00, Aug 320 Calls
Sold 1/2 @ 355.50, Sold other 1/2 @ 348.00
Profit - $8.00 profit on 1/2, $0.80 profit on other 1/2
GOOG - I thought GOOG could gain some traction but it stalled out along with the market sell-off.
Bought @ 305.00, Aug 490 Call
Sold @ 304.50
Loss - $0.50 on Calls
MA - this one went nowhere
Bought @ 238.60, Aug 230 Calls
Sold @ 237.50
Loss - $1.00 on Calls
Swings
SHLD - I pyramid at 92.20 (Aug 85 Calls) but got sp0oked on the sell-off after it hit 94.84 so I dumped all the Aug 85.00 Calls. I'm still holding a few Aug 95 Calls.
Bought @ 90.06, Pyramid @ 92.20 - Aug 85 Calls
Sold @ 94.00
Profit - $2.40 average on calls
CALM - closed at the highs but the volume is still suspect. I'll just keep waiting for the short squeeze. The Aug 45's look great if this thing takes off.
MELI - Picked up a few MELI 40 Calls for an earnings gamble.
POT - The selling looks overextended. I picked up a few Aug 145 Calls
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5 comments:
I wish to add my “thank you” for your generous analysis that I always find so amazing!
OE, bought NEM Aug 42.5's & 45's. Sold WNR Aug 7.5's, INTU Aug 27.5's & PFE Aug 20's...looking for silver play- HL Sep 7.5's
You're welcom anon. Thanks for the kind words.
D, I went with the GG Aug 30's. The intraday chart and Aug 30 Calls look the best for me.
Your much better at this expiration week trading than I am...looking back, yes I should have bought some GG myself. NEM tends to play catch up on days it lags the rest of the group.I think we get a hard run through the next couple of days. Thank you for your continued analysis/updates as well!
D, I pulled up NEM, GLD and GG. GG was the only one that was getting ready to break the opening range high. The daily volume looked decent so hopefully we'll get a few up days on all the gold stocks before expiration. GL!
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