This is a discussion of the "Post Earnings: Short Put Spread" strategy.
Post Earnings: Short Put Spread Strategy Settings
Post Earnings: Short Put Spread Open Conditions:
- Stock above 50-day SMA
- 20-day RSI below 70
- 2 days after earnings
Details on Options TradeMachine is Selecting for Post Earnings: Short Put Spread Strategy:
- 1x short 30 delta put near 30 days to expiration
- 1x long 10 delta put near 30 days to expiration
Earnings Handling for Post Earnings: Short Put Spread Strategy:
- Custom Earnings
- Open 2 days post-earnings
- Close 29 days post-earnings
- Only trade if stock moved 0.1% or more following the last earnings
Post Earnings: Short Put Spread Close Conditions:
- Close 29 days post-earnings
- Options reach expiration