[SITREP] Open AMZN & Close SPX Weekly Bull Put Spread

[SITREP] Open AMZN & Close SPX Weekly Bull Put Spread

Taking nice one day profit in SPX bull put spread, opening AMZN bull put spread, Trump hangover doesn’t mean there won’t be hear of the dog rally, time to get long vol with VIX at 11, Full Throttle academic sessions start tonight at 7 eastern, grab your...
ALTB – GOOGL Earnings Trade (Video Update)

ALTB – GOOGL Earnings Trade (Video Update)

GOOGL had its earnings announcement last night and settled at a price that gave us almost no move at all. Odd market forces and the lack of an exciting price move gave us a bigger drop in IV than we expected. Our estimates were in the 17.5% IV range and we are down to roughly 15.5% right now. This hurt our position and has us with a moderate loss.

I made a short video explaining how I am dealing with this and what is going on. Hopefully, it helps you understand the trade.

ATA – Open NKE Bull Call Diagonal – FEB17/MAR3 56/56.5

NKE has been in a steady but relatively slow trend up for the last few months. I expect this to continue for the next few weeks, but I am concerned we may have a bit of a pullback.

This trade is designed to make money from the slow progression towards the 56 strike and at the same time limit our losses if NKE suddenly pulls back.