ALTB - Open WFM Pre Earnings Trade - Dual Calendar JAN27/FEB10 29/31.5

WFM is expected to have its earnings announcement between Jan 27th and Feb 10th. As we approach this announcement the IV will rise on the options expiring after the event.
We are using the IV differential that is created to build a volatility focused trade. This trade will use a set of long options that expire on Feb 10th to capture the increase in IV offset by a second set of short options that expire on Jan 27th to finance the trade and reduce the effect of Theta erosion on our overall position.

ALTB - Closed NKE

IV on NKE dropped over the last week for some unknown reason. This ended up hurting our trade. We closed with a small loss.