SeanM Posted July 22, 2015 Posted July 22, 2015 (edited) I entered a 3 week double calendar using the $56 and $56.5 calls (long August monthly, short July wk5) at $0.75 and $0.73, respectively. Earnings are 7/29 AC Previously, we paid: $0.80–$0.85 per spread for a 2 week calendar in October 2014 (exited for 27% gain) $1.15–$1.20 per spread for a 4 week calendar in February 2015 (broke even) In each instance, stock price was nearly identical to what it is at present. Edited July 22, 2015 by SeanM Quote
Kim Posted July 23, 2015 Posted July 23, 2015 Yes, I considered this trade. But we already have too many calendars, and BIDU looked very cheap as well. But I would be interested to see the outcome. Quote
SeanM Posted July 27, 2015 Author Posted July 27, 2015 Exited both legs today @ $0.86 and $0.90. 19% gain before commissions, 14% after. Quote
Marau Posted July 27, 2015 Posted July 27, 2015 Exited both legs today @ $0.86 and $0.90. 19% gain before commissions, 14% after. It is being a nice winner so far. Good call Sean. Quote
Yowster Posted July 27, 2015 Posted July 27, 2015 I have the 55 call calendar, in at 0.75, The mid got above 0.95 in the last hour today. I've got a GTC in for 1.00, see how it goes from here. Quote
Yowster Posted July 28, 2015 Posted July 28, 2015 I have the 55 call calendar, in at 0.75, The mid got above 0.95 in the last hour today. I've got a GTC in for 1.00, see how it goes from here. Just closed the SCTY 55 call calendar for 0.99. After some of the losing calendars this cycle, nice to get a 32% gain (28% after commissions). Quote
bam1960 Posted July 28, 2015 Posted July 28, 2015 Exited 55 @1.00 credit and 52.5 @.92 for 25% gain Quote
ivylanthier Posted July 28, 2015 Posted July 28, 2015 Thanks for the trade, yowster. Out today at 24% gain. Quote
SeanM Posted July 28, 2015 Author Posted July 28, 2015 Just closed the SCTY 55 call calendar for 0.99. After some of the losing calendars this cycle, nice to get a 32% gain (28% after commissions). Exited 55 @1.00 credit and 52.5 @.92 for 25% gain Nice! After a few of our calendars lost value in the final days, I was certainly a bit too quick to cut the rope on this one. Quote
bam1960 Posted July 28, 2015 Posted July 28, 2015 Nice! After a few of our calendars lost value in the final days, I was certainly a bit too quick to cut the rope on this one. Thx for the headsup on the trade! Quote
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