Closed our Double Calendar spreads today
after the earnings anoncements
We informed our paid subscribers last Sunday that we would initiate two double calendar spreads for GOOGL and NEE on Monday, July 21st. Four days later, this afternoon, we have closed both positions: GOOGL with a net loss of $10 and NEE with a profit of $1,690, after commission and fees.
You can read the July 20th article below.
Earnings Season Double Calendar Spread Strategy
To profit from price movements in either direction following earnings announcements, we are implementing double calendar option spreads on carefully selected stocks.
It is interesting to see that one can sometimes profit from both upward and downward price movements in the very short term after earnings announcements for certain companies that meet specific criteria we spend time researching.
I am sharing this note to give you a feel for some of the more interesting trades that we develop.
Let me know if you are interested in more of these types of trades by leaving a comment. Thank you.
Regards,
Robert