Closed my Baidu (BIDU) earnings trade this morning at a total price of $3.82, an overnight return of 20.5% per spread. See here for my entry. Below is the timestamped (PDT) tweet of my exit:
The move on earnings was more than was priced-in but luckily I structured a [...]
Had a rough time during April 12 OPEX as I let some losers get worse. Below are the ending stats as well as the corresponding posts:
1. Baidu (BIDU) April 12 Credit Spread – Closed for 7.83% Return
2. Chipotle Mexican Grill (CMG) April 12 Iron Condor [...]
Had to run, unexpectedly, this morning so I wasn’t able to manage this position as I would have liked to. Below is the original position:
1. Apple (AAPL) April 12 Put Butterfly (4/18/12)
I closed the spread near the $600 level on Apple (AAPL). It traded around the $590 strike for the latter [...]
The call spreads I sold in order to hedge this position worked well and I was able to close them when 80% of the max credit was collected. However, the stock took a good hit so I had to close the short put spreads at a loss. Overall, the trade closed down $65 per spread [...]
Closed my short put spread on Whole Foods (WFM) today for a return of 10.38%. Below is the timestamped (PDT) tweet that shows my exit:
Sold these spreads for $0.57 and bought back at $0.11. Here is the original trade: Whole Foods (WFM) April 12 Put Credit Spread – [...]
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