I do not know what is in store for us tomorrow. I will monitor my positions in the morning and sell out of all my May positions if I see another drop like today.
I have AAPL, DRYS, PXP, MA, V, JRJC
For May I have PXP 65 puts, AAPL 180 and 185 calls, and MA 300 calls
For June I have DRYS 95 Call, PXP 65 Calls, JRJC 22.50 calls
PXP released earnings at 7:00 pm PT and increased reveunes by 695%. They beat average estimates by 48 cents. I am thinking this is a good thing however I do not know how the stock will react as it is near its 52 week high. Hoping for a big pop, but since I have PUTS i would not mind a down open then runnup.
I will not be making and trades tomorrow and only closing my positions. I will hold off until Friday or next week.