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.
|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|
|Position||Long Call Spread|
|Trade Length||34 Days|
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.
|Trade Length||37 Days|
$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.
|Trade Length||31 Days|
Very significant volume and open interest for the $25 calls ahead of CNP's earnings on November 3rd.