A sexier Wednesday, Earnings season day 6

General notes
Getting a few learning points from my earnings reports season neutral plays. In fact it seems that it is not a great strategy at all, as it is quite hard to gauge if the market reaction will be overly sensitive (thus making the stock more volatile) or it will stay in the middle range, thus not making a dime of profit.
Further open questions are:

• if there is a winner leg it shall be closed to lock some profit in? if yes then fully or partially?
• In fact if the other leg stays open and the stock moves the wrong way it might kill the trade fully. (e.g. any stop order will be filled way too low).
  

Watchlist additions and filtered trade candidates
No watchlist additions.


Trade session notes
Put a default triggered 5% down trailing stop on the NYX 95 May Call, pre market.
Nikkei...17667.33...+139.88...+0.8%.
Hang Seng...20777.09...-11.52...-0.1%.
FTSE...6471.40...-26.40...-0.4%.
DAX...7307.88...-40.95...-0.6%.

CBOE VIX

12.14

+0.16

9:35:16 AM Got filled on my trailing stop for NYX 95 Call May at $4.7.
11:33:54 AM Got filled on a new 10 contract of GRMN 55 Puts at $.6 as it was confirmed with Tuto on light volume as it is needed. Will have to set a relatively larger hard or trailing stop.
11:46:12 AM Made a 5% down trailing stop order for the GRMN Puts as it started to move my way.

Open positions at market close 17 April 2007

Plain vanillas

.NYXES

NYX MAY 95 Call

$96.15

$5.3

$260.00

Advanced positions & legs

.IBMET

IBM MAY 100 Call

$97.12

$1.1

$90.00

.IBMQS

IBM MAY 95 Put

$1.34

($102.00)

.LMQEK

LRCX MAY 55 Call

$51.88

$0.75

($105.00)

.RFYDK

RIMM APR 155 Call

$131.27

$0.00

($440.00)