Get in before close 5/9/17:
PCLN earnings 5/9/17 after...get in 5/9/17 D: 4 CHECK
NVDA earnings 5/9/17 after...get in 5/9/17 D: 6.4 CHECK
DIS earnings 5/9/17 after...get in 5/9/17 D: 9 NOT ENOUGH PREMIUM
EA earnings 5/9/17 after...get in 5/9/17 NOT ENOUGH PREMIUM
MYL earnings 5/10/17 before market...get in 5/9/17 NOT ENOUGH PREMIUMAGM 5/10/17 before get in 5/9/17 U:16% D: 9%, up then down earnings NOT ENOUGH PREMIUM/ONLY MONTHLY OPTIONS
So only have 2 plays after all. More tomorrow though!
First I'm using the Weekly ATM straddle to determine the expected move. I subtract the straddle price from the current price and sell a put at that level, being sure to protect with one much further out just to limit the margin requirement. I add the cost of the straddle to the current price and sell a call spread, adjusting the strikes so that if the stock rockets the trade will break even. The downside is only slightly protected.
The plan is to get out of these trades next day. And do this for at least 2 weeks. A month at best before judging the results. Meanwhile, I need to look for other strategies to trade
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