stock earning ER option

Gap rules

Gap rules are in:
1. Go with all gaps that don’t fill right away. That means that you don’t fade it if it’s not fading!
2. Larger gaps often don’t fill all the way or at all on the first day.
3. If the gap fills (which means we get to Friday’s RTH HIGH, not CLOSE) and value cannot get to at least overlapping, then the odds of an afternoon rally increase.
4. Gaps of larger than $10 are often difficult to trade especially early and will often spend the day going sideways as the market digests the gain. Better opportunities for day timeframe players are often found in individual stocks rather than in S&P or Nasdaq futures.

tick date preDayClose open gap high low close intrDayChg preChg pctChg ndpctchg
SPY 2001-09-24 97.28 99.72 2.44 101.16 99.06 100.70 0.98 -1.45 3.52 1.04
SPY 2008-10-13 88.50 93.87 5.37 101.35 89.95 101.35 7.48 -2.43 14.52 -1.48
SPY 2008-10-20 93.21 95.35 2.14 99.10 94.09 98.81 3.46 -0.60 6.01 -2.99
SPY 2009-03-23 76.71 78.74 2.03 82.29 78.31 82.22 3.48 -2.82 7.18 -1.97
SPY 2010-05-10 111.26 115.81 4.55 116.65 114.91 116.16 0.35 -1.49 4.40 -0.28
SPY 2011-08-22 112.64 115.17 2.53 115.23 112.41 112.73 -2.44 -1.63 0.08 3.29
SPY 2011-10-10 115.71 117.68 1.97 119.63 117.67 119.58 1.90 -0.67 3.34 0.10
SPY 2011-11-28 116.34 119.54 3.20 120.18 118.82 119.71 0.17 -0.19 2.90 0.28
SPY 2011-12-05 124.86 126.84 1.98 127.18 125.44 126.22 -0.62 -0.09 1.09 0.03
SPY 2016-02-22 192.00 193.87 1.87 194.95 193.79 194.78 0.91 -0.05 1.45 -1.26
SPY 2016-06-20 206.52 208.82 2.30 209.61 207.75 207.85 -0.97 -0.89 0.64 0.28

 

 

ER trade review for the week of 4/17/2017

Sold MS May 05 41PUT at 0.92 ;
Sold IBM 172.5/175 April Call Spread at 0.84
Buy NFLX APRIL 140/135/130 Butterfly at 0.73
Buy QCOM APRIL 52/50/48 Butterfly @ 0.35
Buy STK April 26/25/24 Butterfly @ 0.2
Sold HA May 46PUT @0.72,
Sold V Jun -90P @2.55
Sold V May 92.5 Covered Call

Two of the three Butterfly trades failed, both had profit at one time, but expired worthless at Friday. STK won 2x Make the whole group trade still profitable.
All other trades are winning trade. One existing holding position(GS Sold PUT) got hit.