The LIZ and JNY Show: Converting Short Puts to Diagonals Before Earnings
Update: 2025-11-03
Description
Liz and Jenny discussed their upcoming trip to Austin for Tom's final roadshow on Friday, November 7th, with remote shows planned for Thursday. The pair examined several earnings-related trade setups, focusing on positions in PLTR, HIMSS, Pfizer, and Netflix.
They analyzed their SPX positions with Liz implementing a rule to wait until 9:05 AM to place trades. The hosts closed an IWM iron condor and discussed converting a HIMSS short put into a diagonal spread ahead of earnings to reduce risk.
For PLTR earnings, they considered several strategies including calendars, diagonals, crabs, and buffer trades, ultimately selecting a calendar spread. They also initiated a bearish diagonal in SPHR and reviewed a SPY calendar spread as a market hedge given the elevated VIX level (18+).
They analyzed their SPX positions with Liz implementing a rule to wait until 9:05 AM to place trades. The hosts closed an IWM iron condor and discussed converting a HIMSS short put into a diagonal spread ahead of earnings to reduce risk.
For PLTR earnings, they considered several strategies including calendars, diagonals, crabs, and buffer trades, ultimately selecting a calendar spread. They also initiated a bearish diagonal in SPHR and reviewed a SPY calendar spread as a market hedge given the elevated VIX level (18+).
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