Q1 Earnings

Played
4/20
AAPL – vert + 2 butterflys
4/25 NFLX – diag + vert + 2 butterflys
4/26 AMZN – diag + vert + 2 butterflys
4/27 BIDU – IC + 2 butterflys
4/28 MSFT – 2 calendars + IC

Other Earnings
4/26 DAL
4/29b CAT

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BIDU Earnings Play (Ranges)

Closing price (4/27/11) = 151.11
ATM Straddle =  10.8
Expected move = +/- 10.05

Composite of the two:

AMZN Earnings Play (Ranges)

AMZN closing price (4/26/11) = 182.30
Expected move = 10.4
ATM Strangle = 8.6

NFLX Earnings Play (Ranges)

Expected move priced into the market of 21. Position is ITM for a move of +/- 47 with explosive upside on the boundaries.

AAPL Earnings Play

AAPL [Chart]
MMM @ +/- 14.15
Currently trading @ 330
MMM Range: 316 – 344
Entered 2 positions:

  1. Weekly Butterfly – ITM between 315.43 and 324.56 (max return – 1000% @ 320)
  2. Short PUT Vert – ITM above 332.85 (max return – 43%)
Update: Added 2nd weekly butterfly to cover the range 325.83 – 334.20 for extra insurance after the overnight gap up (area between double-dashed red lines is uncovered).

AA Earnings Play

Position Entered on 3/30/11

Reported earnings (4/11/11):

 

Risk Profile on position with MMM @ +/- 0.92:

Portfolio As of 4/1/11

Portfolio is updated on the site monthly. For current portfolio holdings accurate as of 4/1/11 click HERE.

LVS Spread – Opened 3/24

Position
Components

 

 

 

 

Payout

USD/JPY – Stagnant Overnight Forex

Short at 80.91
1st Buy stop set at 80.86 (+0.05)
2nd Buy stop set at 80.80

The 2nd buy stop will be my long position going into tomorrow.

SLV Levered Position

Position

Components (w/o JUL Vert)

Payout