Im back

I had some test and holiday things to get out of the way, but i am back. Hope everyone had a good break. Hope that you caught the new year bull made some cash. I know im always talking about how the bear market is going to come back, but I changed my thoughts before the break, and made some good returns on large cap and international stocks. Also during the break, my broker Charles Schwab upgraded me to a level 1 option, so now i can long calls and puts and all that good stuff. So from now on I'm going to talk a little more about options and my view of the market through options.

What is going through my mind right now...
EARNING SEASON!!!
Im very excited about the earning season, im very bullish during this earning season.
Alcoa kicks off the earning season during Monday afternoon, i think Alcoa is going to have a great earnings report, metals and commodities all hit high prices during december and early this year. but there is always that bear in me. So on Monday morning im going to buy some Jan 22 17.5 Calls at around .15-.17, and just to hedge up against my risk if Alcoa is going down, im also going to buy some Jan 22 15 Puts at .1-.12. My broker charges a hefty commission when is comes to trading options, so my order would look this, buy 15 Jan 22 17.5 Calls at around .15-.17, and 10 Jan 22 15 Puts at around .1-.12. total for the whole thing is about 406 dollars with all the commissions added on. so that means that Alcoa goes up my calls have to hit .28 to break even, if Alcoa goes down, my puts have to hit .41 to break even.

the trade
15 Jan 22 17.5 Calls at .15-.17
10 Jan 22 15 Puts at .1-.12