The Night Trader

Today's Activity
Bought MS 17.5P - 2 contracts for $3.10 each
- Entered OCO with call order from today, or a 10% profit on the put ($3.50)

Updates
AMZN announced earnings after-market today. I haven't had much time to read news tonight as it's been a long day at work, but it sounds like they beat earnings and missed forecast. In after-market trading the stock finished down 14%, but the could change by market open tomorrow. I'm currently down 34.6% on my strangle, so I could use a nice big move.

FDX finally had a decisive move today. I gained somewhere in the neighborhood of 20% on my strangle. Another decent move tomorrow should erase the remaining 18% that I'm in the hole. Another down day like today and I'll be out with my 10% profit.

MS I just got in this one today and there's a good chance I'll get a nice quick profit here. I only picked up the put since the stock never got high enough today to trigger my call order. If the stock continues the drop tomorrow I'll make a profit pretty quick on just the put. In case it doesn't continue falling, I left my call order in place, but added a 10% profit sell order on the put also. Using an order-cancels-other (OCO) order I will either get 10% or pick up the call. Complex order types are a beautiful thing!