I am trying this spread on TM.Just made $1400 on FSLR earnings the same way. TM earnings Aug 4th. Max risk 49 cents. Hopefully front months premium goes down and stock is stable.Copied this from Schwab trades so hope it reads well.
TM 10/16/2010 70.00 C TM 09/18/2010 70.00 C
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Symbol Action Quantity Price Timing Time & Date (ET)
TM 10/16/2010 70.00 C Buy Ca lls to Open 20 Contracts Debit $0.49
(Applies to both legs)Day Only 2:18 PM 07/30/2010 Bought 20 $2.98 2:19 PM 07/30/2010 TM 09/18/2010 70.00 C Sell Calls to Open 20 Contracts 2:18 PM 07/30/2010 Sold 20 $2.50 2:19 PM 07/30/2010
Status: CLOSED - Filled Order #: 64465761 and 64465762
Anthony Hills
Hills Motors/Hills Industries
4011 Pacific Blvd
San Mateo,CA 94403.
650 573 7425
Fax 650 573 8721
Friday, July 30, 2010
Re: [ConservativeOptionStrategies] TM spread
Tony,
I like your time spread. What is your expectation for TM's earnings? A miss and drop in front month IV?
Tim
In a message dated 7/30/2010 2:40:07 P.M. Pacific Daylight Time, brem1h@yahoo.com writes:
CALL TOYOTA MOTOR ADR F $70 EXP 10/16/10
CALL TOYOTA MOTOR ADR F $70 EXP 09/18/10
Settles on 08/02/2010
Settles on 08/02/2010
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