Options

Tue
24
May
aplus's picture

Close the Deere & Co Puts for a gain

Five days ago we bought the July $80 strike Puts on Deere & Co ahead of earnings for $2.62 on the premise that global headwinds and a slowing China would hurt their earnings and outlook. The trade was spot on and shares dropped after earnings from roughly $82 down to $78.

Thu
19
May
aplus's picture

Close the AT&T Option trade

On March 30th we put on a 2-legged trade on AT&T where we bought the June $40 calls for .60 cents and sold 2x the number of June $36 Puts for a .25 cent credit. The trade cost a net of .10 cents.

Thu
19
May
aplus's picture

Ahead of earnings on Deere

Deere & Company (DE) reports earnings tomorrow and the stock has been trading in a rang from $75-85 over the past 3 months, currently at $82.25.

Wed
18
May
aplus's picture

Short term trade on American Airlines

American Airlines (AAL) trades at a P/E multiple of 2.96 right now, for a company that pays a 1.27% dividend and has been growing revenue and managing expenses this seems like a steep discount. The recent rise in crude oil prices from $26 to $49 has been a negative for the airline industry.

Mon
02
May
aplus's picture

Close the AAPL and WDAY option positions

We are closing two option trades this morning, one on Workday and the other on Apple. On Feb 9th we bought Jan 2018 $67.50 Calls on WDAY for $7.00, and we are closing this position today for $20.70 which is a gain of $1370 per contract.

Fri
22
Apr
aplus's picture

Take advantage of the steep drop in Microsoft today

Microsoft announced earnings this morning of $0.62 cents per share vs. expectations of $0.64, and missed on revenue by only $10M.

Fri
15
Apr
aplus's picture

Option trade on Apple ahead of earnings

Apple (AAPL) will report earnings on April 25th in ten days after the market closes, and option premiums present an attractive opportunity that traders can take advantage of ahead of their report.

Thu
07
Apr
aplus's picture

Close the Avis Budget Group trade for a 27% gain

On 3/8 we put on a bearish trade on CAR by buying the April $25 Puts and selling the April $22 Puts for a net cost of $0.75 cents. Today we are closing this trade by selling the $25 strike puts for $1.05 and we are buying back the $22 Puts for $0.10.

Wed
30
Mar
aplus's picture

Bullish trade on AT&T

Since December 2012 AT&T (T) has managed to grow revenue from $127B to almost $147B at the end of 2015, which is an increase of 15.7%.

Mon
28
Mar
aplus's picture

Close the Hanesbrand Options for a Loss

On March 6th we bought the April $30 Calls on HBI for $0.90 cents, and we just couldn't get this trade to make money so we are closing it today for a loss. We sold the April $30 calls for $.17 cents, for a loss of 81% loss or $73 per contract.

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