Today was a really good day for me. My account was up $1,017 today. My big winner was HLF, my largest position. Herbalife was up 1.48 to 66.65 today and as long as the stock stays above 66 tomorrow I'll be a big winner. I added one more 66/64 put credit spread sold for .55 today and I bought back my 4 62.5/60 put spreads and my 4 62/5/61 put spreads for .07 and .05 respectively banking those gains. I moved the funds into an earnings play on PCLN. My HLF options were up $651 today.
Priceline is one of my favorite stocks to watch and it has been up a lot over the past 3 months, 6 months and 1 year. The PEG ratio is a respectable 1.28 so the stock is still valued appropriately based on the expected growth. With that said I was expecting the stock not to move up as much as it did so I sold 3 680/685 call spreads for 1.22 each. The stock was currently trading at 933 so the stock would need to go up more than 47 points on Friday for me to lose money. Priceline reported very stellar earning and the stock rose and has settled after hours at 981.60. To say I'm nervous about my position is an understatement. A lot of things can happen tomorrow so I'll be watching closely. I also added 1 995/1000 call credit spread for .65 and 4 855/850 put credit spreads for .35. I'm kicking myself for this move now because PCLN has been so successful and must have outstanding management. I just didn't think they could do so well with the business they are in. Guidance wasn't raised for the next quarter so this could help the stock stay where its at or move a little lower tomorrow. We'll see.
I'll be watching all my other options as well tomorrow. Here is a summary of where I'm at:
AAPL $460.86; 3 460/455 put credit spreads; 3 470/475 call credit spreads. I have a tight range here but I feel pretty good about these positions unless the market heads lower.
GOOG $892.66; 1 885/880 put credit spread; 1 905/910 call credit spread. I feel good about these positions and hopefully we don't see a big move on Friday.
NFLX $250.40; 2 245/240 put credit spreads; 2 255/260 call credit spreads. I don't feel compfortable wih this position even though the stock price is in the perfect place for my condor. I've seen too many 10+ moves but I had to hold on due to the size of the premiums. The stock was only up 1.19 today so hopefully we see another day like that tomorrow.
I bought back my TSLA 130 put and sold the 128 put so I banked a $80 gain today.
Check back tomorrow and I should have a morning update or possible trades. PCLN should be a good stock to trade tomorrow.
Jonny
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