0 Wins, 3 Losses, -$246

November 18th, 2016 Option Expiration

I was very quiet this month too; I only put on 3 trades for the November expiration. It wasn't due to lack of opportunities, I just wasn't on the look out for them. I really should have put some trades on during the election but just didn't get around to it. So the ones I had I just let ride out.

Trade	Open	Close	Days	P&L	Total
DDD Long Put	20-Sep-16	27-Oct-16	37	-49	1987.8
JCP Long Call Spread	23-Sep-16	27-Oct-16	34	-47	1940.8
CNP Long Call	26-Sep-16	27-Oct-16	31	-150	1790.8

$JCP: Long $9 & $11 Call Spread

Stock	JCP
Position	Long Call Spread
Trade Length	34 Days
Capital	$91.00
P&L	-$47.00

Start: 23rd September

Strong action in the $9 and $11 call options for the November expiration. Earnings out November 11th.

Now that I look at the chart since putting on the trade, the breakeven point of $25.50 looks a long way for the stock to move. I do have 6 weeks though.

Option Scans for 22nd September

Option Prices for 22nd September

$DDD Long $15 Put

Stock	DDD
Position	Long Put
Trade Length	37 Days
Capital	$120.00
P&L	-$49.00

Trade Start: 20th September

$DDD release earnings 2nd November. The puts for the 18th Nov expiration are showing increasing volumes. Volatility is reasonably high at around 50%, however, it is on the low side of its' average. The puts were therefore expensive for options 2 months out so I only bought 1 contract.

Option Scans for 19th September

Option Prices for 19th September

$CNP: Long $25 Calls

Stock	CNP
Position	Long Call
Trade Length	31 Days
Capital	$150.00
P&L	-$150.00

Trade Start: 26th September

Very significant volume and open interest for the $25 calls ahead of CNP's earnings on November 3rd.

Option Scans for 23rd September

Option Prices for 23rd September