These were some of my recent trades based on earnings announcements.
I was basically bearish of the market and went to trade puts.
Petco Animal Supplies Inc. (PETC)
25/8 - BTO PETC Sep 25 Put @ $1.15
26/8 - STC PETC Sep 25 Put @ $2.50
Profit = $130 (117%)
Resons for entering trade : A day earlier, Petsmart Inc. (PETM) also reported earnings but did not meet expectation and the shares dropped. Since PETC is also from the same industry, I bought a put for its earnings play.
26/8 - STC PETC Sep 25 Put @ $2.50
Profit = $130 (117%)
Resons for entering trade : A day earlier, Petsmart Inc. (PETM) also reported earnings but did not meet expectation and the shares dropped. Since PETC is also from the same industry, I bought a put for its earnings play.
Dycom Industries Inc. (DY)
29/8 - BTO DY Sep 20 Put @ $0.40
30/8 - STC DY Sep 20 Put @ $1.30
Profit = $90 (225%)
Reasons for entering trade : Company shares have the habit of gapping down. Please refer to your 1-year chart at BigCharts. Thus, I bought a put for earnings play.
30/8 - STC DY Sep 20 Put @ $1.30
Profit = $90 (225%)
Reasons for entering trade : Company shares have the habit of gapping down. Please refer to your 1-year chart at BigCharts. Thus, I bought a put for earnings play.
Micros Systems Inc. (MCRS)
29/8 - BTO MCRS Sep 45 Put @ $1.30
31/8 - STC MCRS Sep 45 Put @ $2.60
Profit = $130 (100%)
Reasons for entering trade : I just felt that the software developed for the hospitality, restaurant and retail sectors were not performing well.
31/8 - STC MCRS Sep 45 Put @ $2.60
Profit = $130 (100%)
Reasons for entering trade : I just felt that the software developed for the hospitality, restaurant and retail sectors were not performing well.
I hope you would have profitable options trades to tell me too !!
Regards,
Tony Chai
Regards,
Tony Chai
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