GPRO had a nice 8% bounce today, a little short covering rally. I was able to get out of that put spread for 0.10, netting $120 for a 60% gain. Why hold this until earnings when I can bank profits today? I'll take that!
FB reports earnings tonight. So I took a small position in the form of a short strangle 2 SD OTM. -4 70/90 for Oct31. IV is super high, so the crush will book some nice profits hopefully.
I'm remembering back to July of last year when I did the same thing... that was FB's turnaround earnings report. The stock soared 30% from 26 to above 30, and now its at 80. Nobody saw that shit coming, and I got my clock cleaned. Hopefully this time will be different... hopefully.
AAPL is up 1.4% as of writing, and the call spread is trading at about 1.60. That's an unrealized loss of $66 so far. Nothing I can't handle and it's getting more overbought in the process, but I never had much faith in it anyway, therefore I didn't risk hardly anything on it!
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