Earnings trades gone bad.

Discussion in 'Trade Journals' started by Baggi, Dec 6, 2016.

  1. Baggi

    Baggi Active Member

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    Have to add SKWS to this list. Ugh.
     
  2. Baggi

    Baggi Active Member

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    Still carrying these three positions.

    ANF
    USA
    SKWS

    Would be nice to get rid of them.
     
  3. Baggi

    Baggi Active Member

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    UAA (under armor) really hurt me. Now I own 300 shares of stock with my break even point at around $30.00. I'll be selling some calls and puts against this over the next few months to try and bring down my cost basis.
     
  4. Baggi

    Baggi Active Member

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    I finally got out of my swks position at a large loss. I just couldn't take the pain anymore.
     
  5. Baggi

    Baggi Active Member

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    No more ANF. Got out with a small gain, maybe after the costs, flat.

    Only Under Armor left.
     
  6. Ronzoil

    Ronzoil Member

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    I like you trade around earnings. When It turns out to be a looser I will roll if I can see a good shot of breaking even or turning a profit in 30 days.
    If if is a large loss like SNAP last week I will take the stock and sell calls against it with only 7 days left in the contract. That way you can reduce your cost at a much quicker pace than just rolling when your far away from the current price. Also with a 7 day contract if the stock recovers quick you can roll up in price and out in time.

    Another thing I like to do on any loosing trade is sell spreads Calls above if the price is going down or puts above if the price is going up. I have even done both to defend against getting whip sawed.

    A little while back I entered an iron condor in DAL as soon as I entered the trade the price started moving against me, I started selling put spread and it one time what started out as a simple 4 option condor had grown into a 19 option monster. When the smoke cleared and all position were close I made a small profit.
     
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  7. kirtimeliwal

    kirtimeliwal New Member

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    When high performing stocks are going bad, then this is the time to make a right decision regarding your stock. Keep calm and have a patience when market situations goes wrong. In this case you can take help of market experinced who provide give right guidance to you.
     
  8. B Russ

    B Russ Well-Known Member

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    AAPL - nough said. If you ever see me on an AAPL earnings play, take the opposite position. :confused:
     

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