ALTB - Open AMBA Earnings Trade JUN9/JUL7 55/63

AMBA has an earnings announcement after the market closes on Tues, June 6th. The high IV in the short term options gives us an opportunity to place a dual calendar that benefits from the massive IV drop we will see after the announcement is done.

ALTB - Open IBM Earnings Trade - Dual Calendar JAN20/FEB3 162.50/172.50

IBM has an earnings announcement after the close on Thursday night. This is driving the IV on the JAN20 options to high levels.

We are using a set of short options that expire on Friday to capture a profit as the IV collapses after the announcement along with a set of long options expiring on FEB3 to protect the position.