karennma
8,057 posts
msg #146345
- Ignore karennma |
1/31/2019 11:56:38 AM
call = $7835
|
karennma
8,057 posts
msg #146346
- Ignore karennma |
1/31/2019 11:57:09 AM
up $835 in 20 minutes.
|
karennma
8,057 posts
msg #146347
- Ignore karennma |
1/31/2019 12:45:31 PM
$8250
up another $400
|
karennma
8,057 posts
msg #146363
- Ignore karennma |
2/1/2019 8:34:37 AM
Oh sheeet!
AMZN down $80 after bad earnings call.
Lesson: Don't be in options during EC.
|
karennma
8,057 posts
msg #146366
- Ignore karennma |
2/1/2019 10:09:51 AM
Bad EC ..
ALL profits gone and 1/2 of premium ..
Current - $2185
|
four
5,087 posts
msg #146370
- Ignore four |
2/1/2019 12:33:27 PM
I don't know your COMPLETE strategy...
I saw this statement... you wrote, "Lesson: Don't be in options during EC."
What would happen if your current strategy was modified to take the profit "earlier"? Or at a defined percentage gain?
--
Maybe this article gives some ideas
https://www.schwab.com/active-trader/insights/content/options-strategies-for-earnings-season
|
Cheese
1,374 posts
msg #146371
- Ignore Cheese |
2/1/2019 12:47:12 PM
You may want to search for AMZN charts in public chart lists of Stokcharts.com
https://stockcharts.com/search/index.html?q=AMZN§ion=pcl
Joanne Klein's AMZN hourly chart showed weaknesses leading to the close yesterday
https://stockcharts.com/public/1107832/chartbook/417100117
|
karennma
8,057 posts
msg #146381
- Ignore karennma |
2/1/2019 8:35:27 PM
@ Four & Cheese,
The MAIN thing I forgot to do was check the earnings date. Knowing we're in earnings season, had I checked AMZN's earnings date, I certainly would've sold the option prior to the call.
Or I could've been as stupid as I usually am and "guessed" they'd have killer sales, revenue, guidance, etc. and continued holding the option. Maybe subconsciously that's what I thought, so I didn't consider the earnings date -- which is just guessing.
We all know "guessing" doesn't work in trading.
Same lesson learned --- again and again and again.
As the saying goes ... "insanity is making the same mistake over and over and expecting a different result."
Sad .. SMH ..
The Feb 15 '19 $1700 call closed @ $1300.
Shame ..
|
karennma
8,057 posts
msg #146382
- Ignore karennma |
2/1/2019 8:39:31 PM
Closing price of AMZN = $1626.23
Down -92.50
|
karennma
8,057 posts
msg #146389
- Ignore karennma |
2/2/2019 8:06:16 AM
@ Cheese,
Some things on Klein's chart don't make sense to me ...
i.e., - - - "Triple buy when all 3 occur" ...
#1 Investment is > Pink line
Uh? - Shouldn't you be SELLING at that point?
#3 MACD is > blue trigger line ...
I have no clue what she's talking about.
I am a little color blind, so I'm not sure what "blue MACD" line she's referring to.
|