Saturday, July 30, 2016

Weekly: earnings AAPL BA CAT EW FB MCD WYNN

The earnings parade continues. AAPL and WYNN, I take a position before. The others after. Apple has a good report. Wynn not so good. Overall, a profitable week, but a lot of room for improvement (kind of like all of 2016).

Here are the trades (c = calls, p = puts, all are third week expiration unless noted, sell means sell-to-open, cover means buy-to-close, number is price per contract):

Tue Sell MCD Aug 129 c 15 earnings not so good McDonalds lower

Buy WYNN call ratio
Buy WYNN Sep 110 c 324
Sell 2x WYNN Sep 120 c 113 each

Sell WYNN Aug 84 p 37 add long as WYNN rallies

Sell CAT Aug 77 p 37
Sell AAPL Aug 88 p 38

Wed Sell AAPL Aug 94 p 24 earnings good, I add
Sell EW Aug 100 p 20 earnings
Sell BA Aug 128 p 42 earnings

Thu Sell FB Aug 117 p 32 earnings
Sell FB Aug 135 c 28 hedge as FB falls

Sell BA Aug 141 c 18 hedge
Sell BRKB Aug 148 c 48
Sell AAPL Aug 109 c 17

Fri Wynn earnings disappoint. I add some layers to my position
Sell WYNN Aug 108 c 84

Sell WYNN Aug 110 c 47
Sell WYNN Aug 85 p 61

No comments: