Nick Fenton on mytrade

"WYNNing" - $WYNN earnings trade recap - http://t.co/j8q9QO4Q

Fri, 03 Feb 2012 12:03:28 -0500

Factory Orders: 1.1% actual vs. 1.5% consensus, 1.8% prior $$

Fri, 03 Feb 2012 10:02:23 -0500

Covered $NQ_F @ 2516.75 for -14 ticks. no gap fade yet.

Fri, 03 Feb 2012 09:52:08 -0500

Short $NQ_F @ 2513.25. Fading the gap, nice day trade opp here from a reward/risk perspective.

Fri, 03 Feb 2012 09:45:49 -0500

$WYNN opened in our minimum profit range. Expecting all legs to expire worthless for gain of $30/spread. http://t.co/17VLVcau

Fri, 03 Feb 2012 09:33:21 -0500

'Be The House Into $WYNN Earnings,' our earnings trade explained. - http://t.co/XOxnWzHw

Thu, 02 Feb 2012 17:18:02 -0500

$WYNN expected earnings move is 6.07 atm. Feb1 IV is 96%, Feb2 IV not available yet, Feb IV 48%. Likely to play something in Feb1 weeklies.

Thu, 02 Feb 2012 11:41:04 -0500

At first glance, our only earnings play candidate tonight is $WYNN. Only liquid underlying with liquid options we see. http://t.co/FO4FHPZ5

Thu, 02 Feb 2012 11:35:26 -0500

We haven't touched our $GMCR earnings Iron Condor yet. Intend to let put spread expire worthless, and may close out call spread b4 expiry

Thu, 02 Feb 2012 11:10:16 -0500

EIA Natural Gas data in 10 minutes. Just adjusted our losing $UNG position, so hope we get a nice boost in shares. $NG_F

Thu, 02 Feb 2012 10:20:47 -0500

Nice 200 day simple moving average break in $UTX today

Wed, 01 Feb 2012 17:14:55 -0500

$QCOM trading at strong resistance @ 60 into earnings.

Wed, 01 Feb 2012 15:50:47 -0500

Sold $GMCR Feb1 40/45/60/65 Iron Condor @ 1.85 credit. Very small size since it's a big mover, not as big as $AMZN earnings trade.

Wed, 01 Feb 2012 15:48:34 -0500

$GMCR implied volatility extremely rich into earnings tonight. Feb1 IV is 237%, Feb is 118%. Has tendency to move big, but still interesting

Wed, 01 Feb 2012 15:44:44 -0500

Nothing really striking our interest in $QCOM with regard to an earnings trade.

Wed, 01 Feb 2012 15:36:34 -0500

$QCOM expected earnings move is 3.02. Feb1 IV is 76%, Feb IV 37%. Historical IV approx 26%, so Feb1 around 3x historical.

Wed, 01 Feb 2012 15:32:39 -0500

Crude futures making new 2012 lows. Breaking 97.50 support. Short opp. $CL_F $USO

Wed, 01 Feb 2012 15:28:11 -0500

We just sold our $SBUX calendar earnings play @ 0.62 for +47.62% return on risk. Entry 0.42, entry details here --> http://t.co/LEkjqXtJ

Wed, 01 Feb 2012 14:26:04 -0500

The results are in! $AMZN earnings trade results: gain $50/spread Iron Condor, gain $223/spread Short Strangle. Details -...

Wed, 01 Feb 2012 11:16:05 -0500

Sweet - RT @ticker_tank: Our $AMZN earnings trade is looking good right now. Here are the details. http://t.co/45Mivmmh

Tue, 31 Jan 2012 16:43:20 -0500

Our $AMZN earnings trade is looking good right now. Here are the details. http://t.co/45Mivmmh

Tue, 31 Jan 2012 16:17:28 -0500

Given resistance breaks in $ZT_F, $ZF_F, & $ZN_F we are not comfortable shorting $ZB_F into resistance. Sitting on hands regarding Bonds.

Tue, 31 Jan 2012 15:01:10 -0500

We just shared our $AMZN earnings trade via email. Members, please check your inbox for details.

Tue, 31 Jan 2012 14:17:04 -0500

$AMZN expected earnings move is 16.40 at the moment. Feb1 weekly IV 108%, Feb IV 60%, Mar IV 46%. There should be a play here.

Tue, 31 Jan 2012 09:47:32 -0500

'The Bible of Options Strategies'

Mon, 30 Jan 2012 15:31:08 -0500

I don't recommend books often, but I have received a ton of requests for recommendations recently. Due to these requests, I am going send a recommendation via email every once in a while.

There are a few that I feel no Trader or aspiring Trader should be without. One that falls under this category is 'The Bible of Options Strategies" by Guy Cohen.

This book is organized very nicely. Chapters are broken down by strategies; Income, Vertical Spreads, Volatility, Synthetic, etc. The strategies that are covered in this book are covered well, giving the reader a firm grasp on the level of difficulty, directional bias, capital intensity, and so on.

To this day, I reference The Bible of Options Strategies from time to time if I need a quick reminder about a specific element of any given strategy. Obviously this book does not determine all of my criteria when utilizing specific strategies, but it played role in my understanding of them.

Amazon has this book at a very fair price (considering I paid full retail when I bought it several years ago). If you have access to a Kindle or Kindle app, you can save a few extra bucks by buying the Kindle version.

Click here to order The Bible of Options Strategies via Amazon. I hope you find it as useful as I did.