So after 3 earnings trades this "season" we're down a few dollars ... JPM lost more than the other two together won ..
I did dodge one bullet and made one smart trade, I think:
Since the /ES futures had been bouncing off 2900 and going back down every time they touched it, I thought, hey, a 2905/2910 short call spread! Why not? I didn't, though, and on Friday:
I am continuing to sell puts against my short /ES position, but this just gets it further away, darn it ...
But my best trade of the week concerns ride-sharing company Lyft ... I can't find the reference where this was mentioned, but I heard on Tastytrade, I think, that they've so far lost $17 for every ride they've given.
And their IPO has been less than stellar:
So I sold the 69/74 call spread expiring May 3 and should get 1/2 the credit on this on by April 22 or so ...
Earnings season takes off next week, with some big ones:
More next week!
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