DislikedFor Monday, I'm doing CAT (high IVR/high IV) post-earnings via short strangle (Dec 31 63/76) and looking for a 1.65 credit. I'll also look at HD and WMT to see whether I should put something on before Monday NY close, since they announce earnings on Tuesday before market open. I looked at an HD short strangle (Nov 27 113/127); looks like there will be at least a 1.15+ credit there; the 1 SD WMT short strangle setup (same expiry) ain't looking so hot, with a credit of .57 for the 53/59.5, so I'll probably pass on that.Ignored
Filled HD Nov 27 113/126 short strangle for 1.34; post-earnings, the short put is nearing worthless, but price is right at the short call.
Filled TGT Nov 27 Nov 27 66.5/80 short strangle for .81 (earnings tomorrow before market open) (not sure what I was smoking; I usually only go for plays that are 1.00 credit +).
Tomorrow: CRM Nov 27 69/86 short strangle; looking for a fill for 1.32.
GMCR Nov 27 31/49.5 short strangle; looking for 1.85.
Fireworks are fun ... as long as you don't blow your fingers off.