Entry comments: Took a position on American Express, expected to have blow out earnings. Taking the Feb Calls though, less to lose if it's just a mediocre report.

Exit comments: Ouch....was not expecting this to hurt. SO...taking this algo trades has been about 50/50; if I decide I want to continue doing these, I want much less risk. I opted to take a normal size position, but I want these to augment my regular trading not become my main trades. Will be much more selective. Thought buying into next week's expiration was a better idea...totally wrong on this one. And they were actually in-line...totally juiced contracts.