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Showing posts with label EXPE July 2016 earnings play. Show all posts
Showing posts with label EXPE July 2016 earnings play. Show all posts

Friday, July 29, 2016

Expedia (EXPE) Earnings Play

Thu. 7/28/2016 (12:47:53 pm, PT)

sold -1 July 29, 2016  $110 put at $1.20

Why did I place this trade?
  • earnings announcement at 1 pm (PT)
  • "expected move" = up or down $8.82 (EXPE closed at $119.27 right before the earnings announcement)

Fri.  7/29/2016 (10:43:19 am, PT) (expiration)

bought back put at $0.02 to remove the risk

NET PROFIT:  $116.44 (in ONE DAY)

Success!