Replies to post #24606 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[DCschmoeka]

Missed CREAF on that list, recently in play as AAPL sympathy, reports Wednesday night. NOt entirely sure on how it does on earnings, its a first.

[Profit_Ace]

DC, how about IGT which reports Thursday? Online gambling has reached feverish heights.

[DCschmoeka]

So far traded the RMBS ramp up which did very well, only held a tiny position overnight which is basically cost free. TSS ran some into the report, locked in some on the calls 1.20 from .72, this might or might not move big intraday on wednesday for the remaining position. Got lucky to pick up the CAI 60 straddle at .95 both sides when the stock consolidated around that level, could run today into the report, and I will lock in profits as always. Picked up a nice 20 straddle in AFCO around .45 and .35 for calls and puts, respectively.

Picked up very small what-if positions in the following plays, and I dont mind losing those

CHIC 10 straddle around .40 both
HDWR 30 straddle around .55 both
HTCH 35 straddle around .60 both
CKFR 40-35 OTM for .10 and .15 tiny gamble
BGG 40-38.5 OTM around .15 and .20 tiny gamble

Might consider some small IIVI 40 straddle, and will pass on the remaining plays I posted. All of these are xtremly high risk, and I dont exspect much from them. Combos with the same strikes for both calls and puts are slightly less risky, as one side WILL be in the money on Friday, question is, by how much....
If only one goes big I will make money, net. Always lock some in when there is wild swing shortly before the report. Keep in mind this is not a good lineup this week, play small positions for fun is allright, but dont bet the farm ... will have better plays as we go into february.

[DCschmoeka]

WELL NAILED IIVI - which makes more then up for CHIC and HDWR. AFCO did ´not much but enuff to get out flat even, or with small gains, but overall disappointing. HTCH ramping nicely, BGG already sold some calls and puts both for a double today, CKFR locked in too my .15ish cheapies.

BUT ALL THAT CANNOT EASE THE PAIN OF MISSING EBAY - what a unique brainfart on my part. Unreal. Coulda made 6 digits here, or at least high 5, time to jump out of the window?

[DCschmoeka]

SYNA doing well, premiums around 1.30s were not that tasty, but a 6 point move sure makes some $$$ on the 30 straddle

[DCschmoeka]

So in summary

week was mixed, as exspected, and many but not all plays did well since many were off-radar crap that either moves big one way or swings around the open price which makes it much harder to profit and not lock in the wrong side too early.

Didnt play CKHP and JNPR as they never had any sufficient setup to play them. RMBS and TSS were good trades to buy in early and sell some into the ramp, but both just jumped up and down and didnt just go in one direction. ASKJ crashed nicely with the markets, and the 30 straddle turned out to be a nice hedge against market tankage...

Passed on GM as they preannounced as posted, DOX did a nice move but never had any chance to pick up the right strikes, and the wide OTM combo wouldnt have worked, still.

Nailed IIVI monster moves, puts here from 1.20ish to 7.00, slowly tanked all day. MACR did a huge monster move and even the OTM combo woulda worked nicely, prolly with 30 call from .15 to 2.00? but I missed it, would have play 25 straddle and didnt get entry level in the stock... :(

AFCO was disappointing, great ramp up with good chances to lock in, and then she tanked 1.00 just to bounce back to close green +.80 ... was tricky to made money there, but a few good chances in any case.... was exspecting better performance tho.

BEBE! move great and I didnt play it... with the "semi tight" strike prices due to 3-2 split, too bad...way off radar and I already had so many like this .... lol go figure, this one moves big. The other f/s play BGG was good for the rampup to take many off and hold freebies, but lost the freebies on friday as the stock fell asleep. CHICK and HDWR sucked too.

Passed on HZO and that was a good decision, MRCY moved very nicely, even peaked to 31.5, but didnt have the right set up, was hardly playable with the damn wide strikes.

CKFR was huge just before the report, both puts and calls were in high demand and I couldnt resist selling both for a double and triple. HTCH excellent too, tanked big before the report and the puts went from .65 to 1.80, calls only down 30%, that makes money.

Didnt do anything with KLAC.

Nailed SYNA monster move, calls from 1.30 to 7+ wish I got them cheaper, and more, lol ...

So it was a mixed week as exspected. Those who made money were real good, but a few losers too which reduced the overall green a little bit. Still not bad considering most of the plays were crappy setups, I did not even play one of them before, all new names, some to keep on watch....
And now we´ll have to watch all my favorite plays reporting and monstering next week, hardly playable with the insane february premiums... thats really sad. BUT earnings season will last until End of February, so options will only get cheaper, starting next monday...

Oh yeah, and missing EBAY for whatever obscure reason was sad too!