ATLB - Closed COF Earnings Trade JUL21/AUG11 78.5/84.5 with video

ATLB - Closed COF Earnings Trade JUL21/AUG11 78.5/84.5 with video

COF gapped a bit up in the morning then quickly dropped back down to the $84.50 target. When ToS re-entered the limit order in the morning it got an immediate price improvement to $1.69. This netted us a great win of $3960 on this overnight trade.

Note - I recorded the market open as this trade closed. You can see it along with my commentary in the video below.

ALTB - Open NFLX Earnings Trade APR21/MAY12 134/152.50

NFLX has an earnings announcement on Monday after the market closes. We are setting up this trade to use the high IV of the APR21 options to get a large credit that we are protecting with the lower IV MAY12 options. This allows us to create a profit on the trade as the short term IV collapses after the earnings announcement.