Today is going really well for me in my account. So far my account is up $546 or 10.3%. My MA earnings play worked out very well as MA reported great earnings and the stock rose. After some news about debit card fees today the stock immediately dropped and was down all the way to $570. I tried to buy a call spread at that time but the stock moved back up too fast and is now trading at 613. Lots of action in this stock. I bought back my 590/585 put spread for .18 and sold the 605/600 put spread for 1.00. The stock shouldn't go down the rest of the week so this play seems pretty safe for a 25% gain in two days.
I'm feeling really good about all my strategies except PCLN. Priceline is down again today and is now "in the money" on my 880 put. I sold 3 of the 880/875 put spread and the stock is now at 877. I adjusted two of my call spreads so I won't be buying anything back today. Hopefully the stock can move back up tomorrow.
For an earnings play I am looking at Whole Foods (WFM). Due to increased competition and a PEG ratio of over 2 I am selling the 57.5/60 call spread for .65. The stock is currently at 55 so as long as WFM doesn't move up over 57.5 tomorrow I will be good.
Jonny
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