 Hey everybody, it's Hari Swaminathan from option tiger.com. It is Tuesday, October 29th We are looking at earning straights. Now first and foremost Google reported yesterday It beat on the top line, but not the bottom line So as you can see the you know, it wasn't a complete hit and therefore the stock is being taken down By about $18 in the pre-market here What we want to do with Google is as soon as it opens before the volatility crush starts to happen We as soon as you can you close this trade You might lose out a little bit on this But I think we should still be close to break even it is a debit spread after all and so both these options will be moving and So we want to close this trade out because this was structured to be a bullish trade even though It's not too far away, but I suspect that may get taken down even further after the open So and plus, you know with these earnings trades when the company misses and our trade is not aligned with that Then it's the losses not too much. It's it's worth getting out on Tesla It was worth fighting for it and we're doing well now the the condor is structured very very well on Tesla But coming back to Google, let's close out this as soon as the market opens and Call this trade a break even trade because some of this profit will go away Apple we just opened this Apple reports tomorrow after the close and so we're going to keep this and if it develops a nice Profit between today and tomorrow. We might want to close Apple or at least do some adjustment to it Like make it a debit spread so that you can protect the profits Microsoft is great. I mean this was a trade that That cost about a thousand dollars on my 10 contracts You can see the difference between the spread is $1 and here we are the difference is now 1600 so that's a 60% return there so I'm thinking we'll close Microsoft also because the only Problem is because the 142 short call is also going in the money and if Microsoft continues to move up It's it would work well on the on the on the charts But yeah, let me go to Microsoft and just show the risk graph because that's that says it all here right here However as as this trade moves along you can see now, you know, we've got a decent profit It does have a potential for more if some so if somebody wanted to hang on to it and capture more You could do that and there is quite a bit of time left So, you know, we'll have to wait for all these days for the profits to develop And and so you know at least for a couple of weeks more to get another 200 or 300 and I just think it's not worth it It's a 60% return. Let's close it and here we go with visa. That's a great This is over a 50% return. So we are closing visa too. So summary. We are closing visa I'm closing Microsoft. I'm closing Google. We are only left with apple and tesla So so three trades are getting close today in terms of the new trade today If you see what's happening here Shopify reported this morning this morning it reported and so you can see now yesterday Shopify ended at 325 and this morning it's opening at 306 And so this is a sort of an optional trade because I'm going to suggest a credit spread here It's highly unlikely that Shopify after going down about Close to $20 now in the pre-markets It's highly unlikely that it's going to reach 330 or 340 in this you know in this weekly series itself, which which Which expires on november. Let's let's see the november one If we can and see we're getting about 90 cents for the 335 340 And if we do And 335 Let's see. They're getting a dollar 25 for 330 335 It's still 25 dollars away And when the when the results are bad, it's highly unlikely that it will bounce back in any case today is tuesday So we'll have three days to work with this. You're going to get on my 10 contracts I'm going to get about a dollar 15. So that's about 11 50 So in some ways it can be looked at as an easy trade or no-brainer trade because the results are already out And in other ways just have to be careful because it is a credit spread. And so You know the risk is the risk on the trade is 3800 the reward is 1200 But it's a credit spread and our probabilities of success are very very high And so I'm going to put this as a trade for today if somebody doesn't understand the credit spread Trade then please don't take it. So it's kind of an optional trade But there's no other stock reporting today at least interesting ones. And so this would be the trade for today And let's see how this plays out. So that's it for today. They're closing three trades And here's an optional credit spread trade on Shopify and tomorrow, of course Both apple as well as facebook is reporting and on facebook I will be giving the trade tomorrow and not today on apple We have the long call and I think if this can go up a little bit, that would be great If not, that's fine. It's still a a valid trade and we'll do something with it tomorrow