WSM came out with decent numbers but they will not be updating their guidance because of uncertainty going forward and sold off nicely. We will let this position expire for a max profit of about $3.00 per contract pair, as we just need WSM to close below $135 today. NVDA has traded lower as this market has deteriorated in the first 35 minutes of trading. Place an order to sell our NVDA $155-$145 put spread at $3.30. We will need some further negative action to get executed. This contract expires today so we will look to move it out before...

We are making another options trade on WSM Williams-Sonoma earnings after the bell. It is trading at $129.38. We are going to place a flat to bearish trade using a credit call spread from $135 to $145. Use the calls expiring tomorrow Nov 18th. We will look to absorb some of the premium priced into the upside by selling a call spread above the market.  Sell the WSM $135 Call Nov 18th Buy the WSM $145 Call Nov 18th This will result in a credit of about $3 which is our max profit. Our max loss is $7.00 or $700 per contract pair. We...

We got a nice execution out of the KSS trade this morning as it opened with straight upwards action and we were able to lock in a small profit on a high probability trade. I sent the NVDA debit put spread out very late yesterday. I try to avoid late updates as I know not everyone is glued to their computer in the final few minutes of the day, but I was making the trade so I sent it out for those that might have been following the action.  NVDA has been weak all day, as it's given back all of...

Buying a put spread looking for NVDA to trade lower for earnings. NVDA is trading about $159.75. We are buying a $155-$145 put spread for about $2.50. Risking $2.50 to make $7.50 if it trades lower.  Buy the $155 Put Expiring Nov 18th Sell the $145 Put. Expiring Nov 18th This results in a net debit (cost) of about $2.50. This is an out of the money option trade so keep your risk in place as it is a low probability trade by nature.