SeanM 29 Report post Posted April 22, 2015 Earnings 4/30 AC. I entered a couple of 2 week calendars today. Long May monthly, short May wk1. 98P @ $0.38, 98.5P @ $0.35. Based on my notes from a handful of other cycles, as well as notes from another member (almost certain it was Yowster, but I can't find the thread) these calendars fluctuated wildly in a range of 0.69% – 1.43% of the stock price on a per spread basis, with prices generally highest 2 days before ER. At the current price of $99, that implies a range of $0.68–$1.42 per spread. Share this post Link to post Share on other sites
equus 26 Report post Posted April 22, 2015 Interesting, don't think we've ever done EXPE as an official Steady Options calendar trade. Share this post Link to post Share on other sites
SeanM 29 Report post Posted April 22, 2015 Interesting, don't think we've ever done EXPE as an official Steady Options calendar trade. No, we have not. Just straddles. Share this post Link to post Share on other sites
Yowster 8,046 Report post Posted April 22, 2015 (edited) EXPE is one I'm watching. I'm looking at the 100 call calendar now - the mid is 0.30 and there is an unfilled bid at 0.35, which is not a good thing IMO as I don't like having to go more than a few cents away from the mid when buying & selling these low cost spreads. Based the charts in the weekly discussion thread I could see the mid getting to the 0.70-0.75 range, but with lower options volume I must feel confident that I can open and close near the mid before I open a significant number of spreads (and I'm not sure EXPE will behave like that). Note that the other lower cost spreads that show the potential for big gains the week of 4/27 (GPRO, TWTR, YELP, GILD) all have much higher options value so getting the prices near the mid is much more likely. Edited April 22, 2015 by Yowster 1 luxmon reacted to this Share this post Link to post Share on other sites
SeanM 29 Report post Posted April 22, 2015 Good input. Thank you! Share this post Link to post Share on other sites
4REAL 110 Report post Posted April 29, 2015 (edited) got filled yesterday 97.50C calendar (-May01 + May15) @ 0.30 Hope spread windens before tomorrow night Edited April 29, 2015 by 4REAL Share this post Link to post Share on other sites
4REAL 110 Report post Posted April 30, 2015 (edited) closed EXPE 97.50C calendar => 16.7% gain after comm closing near mid seemed no problem getting in (near mid) was much more difficult Edited April 30, 2015 by 4REAL Share this post Link to post Share on other sites
