WMT long before earnings

7 août 2018

Purchased Sept $97.50 calls for $0.32. WMT has been forming a bottom for some time, I debated buying shares vs options to capture the dividend but decided I wanted to limit my exposure. If you're so inclined selling a naked put would be even safer IMO. Anyways there's a previous gap around 100 that needs to be filled, looks like a rounding bottom and I like the small consistent daily gains. I think this is a short term trade, in the long run WMT margins and sales will be pressured by tariffs but this shouldn't have much of an effect on this periods earnings. If I can sell my calls after earnings for $1.75 (97 strike) that's roughly a 400% gain.

10 août 2018

Note

Up 27% on calls, lets hope the best is still to come

14 août 2018

Note

Calls up 52%, might look to sell majority of position before er to avoid iv drop..stay tuned

16 août 2018

Note

OVER 700% GAIN, Literally made $1,400 off $204 risk. I woke up late and fell out of bed.