Trading Journal – July 20, 2020 $IBM $LOGI

Entered an IBM earnings trade. It was an Aug short strangle -115p/-135c + a purchased 140 long call for insurance to the upside, collecting 2.13. IVR was below 30 so I’m think this will take some time. IBM Entered a LOGI Aug earnings trade – short strangle -60p/-80c for 1.78 credit. IVR was over 40 so I’m expecting to buy this back this week for close to 1.00. LOGI The T naked call I sold last week continued to earn as the price of T declined today, it expires Friday and earnings are Thursday, so may close in next couple of days. The CSCO naked put I sold continued to earn as the price of CSCO climbed.  

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: