My Options Account on July 23, 2013, Part 1

Yesterday I put most of my funds into NFLX before their earnings report.  I have the following positions:

8 contracts 205/200 Put Credit Spread
4 contracts 300/305 Call Credit Spread
2 contracts 290/295 Call Credit Spread
2 contracts 260/265 Call Credit Spread

I was heavily weighted towards a negative earnings release.  The stock was down a lot after the report and opened down about $9.  Currently it is coming back and only down $2.  I'm still up $900 on my positions.  That's a nice gain in one day.  The stock is currently trading at 259.61.

I also have a large stake in GOOG.  I have 7 contracts of the 895/890 Put Credit Spread and 7 contracts of the 910/915 Call Credit Spread.  I entered 2 contracts of the 910/915 Call on Friday and the stock was up big yesterday.  After a huge earnings miss and a large run up over the past 3 months I am predicting we see a pullback this week.

Towards the end of the day I will exit many of my NFLX positions since most of the premiums are minimal and I will enter into some AAPL positions to play the earnings report this afternoon.  Check back soon.

Jonny

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