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Best advice I can give on options going into earnings
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So usually I’m a 🌈 🐻 on put options for spy. What I have learned the last two weeks doing options on stocks that have earnings coming out. So last week I was up 4k on TSLA calls right before earnings held into after hours and lost a total of 18k. Had I sold before market closed I would have been up 4k. Then again this week had Intel puts for 24 and was up 3k going into earnings. Tomorrow I’ll lose majority of it unless something happens but my advice to anyone new playing options on earnings is to sell before market closes if the earnings report is after hours. You’ll make money regardless provided you bought a couple days before the earnings call leading up to the day before earnings. I made most of my losses on TSLA back from meta puts and yea I’ll lose my initial 1k in puts on Intel but will makeup for it on my other plays in GILD, Xom, and spy. Just wanted to share what I’ve learned to help others make better decisions on plays.

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2 years ago