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Thursday, January 28, 2016

Facebook (FB) Earnings Play

1/27/2016 (12:54:18 pm, PT)  

sell -2 January 29, 2016 (week 5)  $88 puts at $0.66

Why did I place this trade?
  • Earnings announcement after market close today
  • Expected move:  $4.87
  • Probability of success: 81%

1/28/2016 (6:30:22 am, PT)

buy back both puts at $0.01

PROFIT:  $130 (in 1 day)

SUCCESS!



It's EARNINGS SEASON!  
SELL PUTS (and/or calls) to take advantage of inflated premiums.
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