Today was a very volatile day on the upside for my stocks. MA was up 35, PCLN up 29, GOOG up 16. My main concern will be on all three of these stocks going into tomorrow. I did some trading on MA today and purchased a 640/645 call spread. The stock is currently at 646 and if it stays above 645 tomorrow I'll make a profit of $310. I purchased the spread for $190. I also bought back my put credit spread and sold 1 635/630 put credit spread for 1.01 and one 645/640 put credit spread for 2.20. It will be important that MA doesn't move down tomorrow. I also sold 2 655/660 call credit spreads so I don't want to see the stock move up too far. I think we have a pretty flat day in the market and my stocks all around.
PCLN blasted right through my call strike of 895 and the stock is currently at 904. I am expecting a pull back tomorrow but getting the stock to drop $9 will be hard unless the overall market is down big.
GOOG also went through my call strike at 900 and the stock is sitting at 904. I just need Google to go down a little tomorrow.
I have a tight range in AAPL 450-460 and the stock is at 456.83 so just need Apple to stay where its at or go down slightly.
I adjusted my NFLX call spread yesterday to 250/255 and the stock is at 249.20 so I need this stock to stay the same or go down tomorrow.
For AMZN, I adjusted my call spreads to the 305/310 and the stock went up throughout the day and is sitting at 305.50. I'll need Amazon to take a breather and go down a little tomorrow.
For earnings plays I checked out LNKD and decided to buy a strangle spread. The stock closed at 212 and I bought the 200/195 put spread for 1.55 and the 220/225 call spread for 1.75. They reported very good earnings (.38 vs. .31 est) and the stock is now up to 229 in after hours trading. As long as they close over 225 or under 195 I'll make a profit of $170 or 50% in one day.
I also put in a small play in AIG. I sold 2 46/45 Put credit spreads for .25. The stock reported good earnings and I should have no trouble pocketing the $50 gain tomorrow. That's a cool 28% gain after commissions in one day. And this one seemed easy. Wish I had more capital to invest. It was a last minute decision with my remaining buying power.
So to summarize, I need the market and most of my stocks to go down tomorrow with the exception of MA and LNKD. Hopefully tomorrow will be a good day. I've had my fair share of bad expiration Fridays so I'm due for a good one. We'll see how it goes. My account lost $657 today, which isn't all that bad considering the volatility.
Jonny
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