VIX Indicator and SPX Position Chart are updated. Have a good evening everyone!
Daily Archives: Wednesday, August 3, 2016
SPX calls sold
#SPXcampaign Sold to Open $SPX Aug 24th 2200/2225 call spreads for 2.80, with SPX at 2163.
SVXY
STO December calls:
85 calls @3.60
90 calls @2.60
TSLA iron fly
Sold 210/225/225/240 @ 10.90. Risk 410 to make 1090. On my phone so not sure if I’m liking this but can’t resist. Lol
Good luck!
TSLA-too risky for me but…
TSLA-too risky for me but at TT there is a posted Aug. 5 195/225/225/237.50 for 11.50 credit, interesting trade.
#earnings TSLA Aug. 19, 190/200/250/260…
#earnings TSLA Aug. 19, 190/200/250/260 for 1.80 with TSLA at 227.
$SRPT #ShortStrangle – Sold SRPT…
$SRPT #ShortStrangles #Speculation- Sold SRPT AUG 19 2016 55.0 Calls / SRPT AUG 19 2016 7.0 Puts @ 0.90 Credit
The call is the highest available.
PCLN iron butterfly
#Earnings Sold to Open $PCLN Aug 19th 1340/1360/1380 iron butterfly for 18.75.
This trade will profit if PCLN is between 1341 and 1378 two weeks from Friday. It will also be possible to leg out of there are any wild swings between now and then. Low probability, low risk (max risk 1.25). If it moves big tomorrow, it will then have time to drift back to the mean.
REGN earnings double diagonal
#Earnings Bought to open a double diagonal on REGN for earnings for 1.40.
Sold Aug 5th 420/460 strangle for 9.30.
Bought Aug 18th 410/470 strangle for 10.70.
This gives 6% downside and 8% upside for breakevens, assuming exiting full trade by this Friday (trade was entered earlier when REGN was higher). Max gain and risk depend on IV drop tomorrow, but looks to be about risking 1.2 to make 1.
Over last three years on earnings: Biggest UP move: 7.4%, Biggest DOWN move: -6.3%, Average move: 4.1%.
Fun with NUGT
Bought stock at 163.50 on the morning drop. Sold for 167.50 on the bounce. Seems like this thing always recovers a little after an opening drop…
Closing NUGT strangle
Taking this week’s strangle off for a small profit. Just taking some risk off since I’m overweight this ticker.
Bought to close $NUGT Aug 5 100/170 strangles @ 5.43. Sold for 5.86 on 7/22.
EA earnings
Out most of the day today so bought back the iron flies for 1.60. Sold for 2.40. I’ll take it for a little overnight quickie. Hoping to get a chance to do something in TSLA or PCLN later.
PCLN earnings analysis
#Earnings $PCLN Over last three years, Biggest UP move: 11.2%, Biggest DOWN move: -9.6%, Average move: 5.8%. To be outside the biggest moves, with stock at 1370.00, you’d need the 1215/1525 strangle, about 3.00. To be at the average move, the 1290/1450 strangle… about 20.00 (too risky). A condor somewhere between the max and the average may be best bets. Other thoughts?
Here is the history:
May 4, 2016 BO -7.50%
Feb. 17, 2016 BO 11.24%
Nov. 9, 2015 BO -9.56%
Aug. 5, 2015 BO 5.23%
May 7, 2015 BO -4.00%
Feb. 19, 2015 BO 8.46%
Nov. 4, 2014 BO -8.41%
Aug. 11, 2014 BO 2.16%
May 8, 2014 BO -2.09%
Feb. 20, 2014 AC 2.54%
Nov. 7, 2013 AC 4.91%
Aug. 8, 2013 AC 3.87%
TSLA earnings analysis
#Earnings Over last three years, Biggest UP move: 14.3%, Biggest DOWN move: -14.5%, Average move: 7.9%. To be outside the biggest moves, with stock at 228.46, you’d need the 195/262.5 strangle. No premium there. To be at the average move, the 210/247.5 strangle… about 2.40.
Considering the options. Maybe a wide iron fly? Iron condor at the average? Share your thoughts!
Here is the history:
May 4, 2016 AC -4.95%
Feb. 10, 2016 AC 4.73%
Nov. 3, 2015 AC 11.17%
Aug. 5, 2015 AC -8.88%
May 6, 2015 AC 2.76%
Feb. 11, 2015 AC -4.66%
Nov. 5, 2014 AC 4.43%
July 31, 2014 AC 4.46%
May 7, 2014 AC -11.30%
Feb. 19, 2014 AC 8.43%
Nov. 5, 2013 AC -14.50%
Aug. 7, 2013 AC 14.34%
$UVXY #ShortCalls #VXXGame – Sold…
$UVXY #ShortCalls #VXXGame – Sold UVXY Aug 5 2016 33.0 Calls @ 0.24.
These expire Friday and are partially hedged by long stock
$UVXY
STO Aug 5 $31.5 calls @ $0.35
Options Bistro 