$VIX $VVIX – a little light reading for VIX followers
Forecasting a Volatility Tsunami
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2949847
Daily Archives: Tuesday, April 18, 2017
Upcoming volatility?
From a newsletter I receive…FWIW
Nice day in My World…
Potpourri
#closed early
$SPX BTC 4/19 2280/2305 BUPS @ 93% profit Thank you @jeffcp66
$AMZN BTC 4/21 865/875 BUPS @ 92% profit (closed part of position – semi prudent)
$AMZN BTC 4/21 960/950 BECS @ 93% profit
$NFLX BTC 4/21 130/140 BUPS @ 89% profit
$SPX STO 5/1 2415/2390 BECS @ 1.65 Thank you @jeffcp66
$SPX STO 5/19 2165/2190 BUPS @ 1.50 Thank you @jeffcp66
$IBM STO 4/21 170/172.5/175/172.5 Iron Butterfly @ 2.05 Thank you @thomberg1201
$RENN STO 4/21 8/9 BUPS @ .95 Thank you @fuzzballl
$GOOGL BTO 5/19 850 calls @ 22.30
tastytrade Earnings Reseach report…gratis
http://tinyurl.com/m5zewd7
$VIX – The small rally…
$VIX – The small rally lasted for just an hour or two. Then it got crushed. Apr futures will be gone tomorrow, and so will backwardation.
www.vixcentral.com
I’m glad I sold some UVXY calls today while I had the chance.
#earnings #ironbutterfly IBM April 21…
#earnings #ironbutterfly IBM
April 21 167.50/170/170/172.50 for 2.06, risk about 40 for a NFLX style non event
$ISRG #ShortStrangle #Earning – Sold…
$ISRG #ShortStrangles #Earning – Sold ISRG APR 21 2017 830.0 Calls @ 0.65. Along with the ISRG APR 21 2017 685.0 Puts @ 0.55, that makes the total strangle proceeds 1.20.
My covering orders are already in at a nickel.
Taking off some SVXY in June
Loaded up in June on the recent volatility spike. Taking this one off for around 90% of the premium.
Bought to close $SVXY Jun 16 55 puts @ .40. Sold for 3.80 on 12/30.
RENN earnings
#Earnings – Is this crazy? Breakeven at 8.05. Risking .05 to make .95 About like a hand of blackjack…
Sold RENN APR 21 2017 9.0/8.0 Bull put spreads @ .95
$QCOM $APA – #FallingKnife candidates…
$QCOM $APA $GWW – #FallingKnife candidates today
SPX for fun
#IronCondors – Legging in staying small. Low (zero?) risk with decent return.
Yesterday Sold Apr 21st 2360/2365 Bear call spreads @ 1.00
Today Sold Apr 21st 2330/2325 Bull put spreads @ 1.55
2.55 credit on 2.50 wide condors. Now risk free but need to hold 2330 by end of week. Let ‘er ride!
SVXY
STO June 2, 75 put @ 1.35
$UVXY #ShortCalls – Sold 1…
$UVXY #ShortCalls – Sold 1 UVXY Jun 2 2017 40.0 Call @ 1.50. Highest available strike.
TLT adjustment
Rolled Apr 28th 119.5 calls to Jun 120 monthlies @ .10 credit
Rolled Apr 28th 119.0 calls to Jul 120 monthlies @ .02 credit
Replacing a fairly sizable expiration this week with next week’s:
Sold TLT APR 28 2017 123.5 Puts @ .82
TLT #RollOut Rolled $TLT Apr…
TLT #RollOut
Rolled $TLT Apr 21 short 122.50 calls up and out to May 19 123.00 calls for .63 credit.
$NFLX Taking off #Earnings trade…
$NFLX Taking off #Earnings trade
Bought to close $NFLX Apr 21 132/160 strangle @ .08. Sold yesterday for 2.41.
#optionvolume WFM Over 5,000 calls…
#optionvolume WFM
Over 5,000 calls in Nov. at the 34 strike
Earnings trades BLK and ISRG
#Earnings
Sold to Open $BLK 370/380/390 #IronButterly for 6.50. Max loss 3.50. Profitable between 373.50 and 386.50 on Friday. Biggest UP move: 2.3%, Biggest DOWN move: -4.3%, Average move: 1.3%.
Sold to Open $ISRG 740/760/780 #IronButterfly for 15.40. Max loss 4.60. Profitable between 744.60 and 775.40 on Friday. Biggest UP move: 17.7%, Biggest DOWN move: -11.5%, Average move: 6.2%.
That’s it for the earnings today… gotta hit the road.
$NUGT #ShortPuts #IRA – Sold…
$NUGT #ShortPuts #IRA – Sold NUGT May 12 2017 8.0 Puts @ 0.25 for an account that just got most of their NUGT called away at 10.50 on Friday.
$ISRG #ShortPuts #Earning – Sold…
$ISRG #ShortPuts #Earning – Sold ISRG APR 21 2017 685.0 Puts @ 0.55
Then lowered the strike price and Sold ISRG APR 21 2017 680.0 Puts @ 0.55
$UVXY $ShortCalls – Bought to…
$UVXY $ShortCalls – Bought to close a bunch of UVXY Apr 21 2017 41.0 Calls @ 0.01.
Replaced them with the following calls at the top of the chain:
Sold UVXY May 5 2017 42.0 Calls @ 0.44
Sold UVXY May 12 2017 42.0 Calls @ 0.85
Sold UVXY May 19 2017 42.0 Calls @ 1.03
#shortputspread NFLX Followed from TT…
#shortputspread NFLX
Followed from TT May 19 140/130 for 1.54 with NFLX at 144.
#shortcallspreads TSLA Rolled April 21…
#shortcallspreads TSLA
Rolled April 21 300/310 to May 19 310/320 for a credit of .34, TSLA hovering around 300.
Earnings today
#Earnings. Looking at $ISRG, either 20-pt wide #IronButterfly or 37.5 OTM #IronCondor
Also $BLK, 10-pt wide IB
Not sure about $IBM
Anyone else?
$NFLX #ShortStrangle #Earnings – Out…
$NFLX #ShortStrangles #Earnings – Out in one day. They won’t trade any lower
Bought to close NFLX APR 21 2017 167.5 Calls @ 0.01
Bought to close NFLX APR 21 2017 124.0 Puts @ 0..01
GS earnings
#Earnings #IronFlies – Bought to Close GS APR 21 2017 222.5/225.0/227.5 iron flies @ 2.28 (sold for 2.14)
Taking tiny loss and looking for other opportunities…
NFLX earnings
#Earnings #ShortStrangles – Bought to Close NFLX APR 21 2017 140.0/165.0 Strangles @ .40 (sold for 3.80)
Sold to Close NFLX JUN 16 2017 100.0 Puts @ .08 (bought for .17)
🙂 🙂
Wall Street bound
Heading to NYC today… my wife finished with her second best time, 3:24. It was a tough race for her but she’s feeling fine today.
Earnings After Markets Close
Fulton Financial (FULT) – consensus EPS $0.23
IBM (IBM) – consensus EPS $2.35
Interactive Brokers (IBKR) – consensus EPS $0.37
Intuitive Surgical (ISRG) – consensus EPS $4.95
LegacyTexas Financial Group (LTXB) – consensus EPS $0.57
SPX trades yesterday
#SPXcampaign. Bought to close $SPX Apr 19th 2355/2380 for 2.65. Sold for 7.60 last Tuesday. This was a reverse roll that worked. Due to being away from my computer yesterday, I thought I had gotten out for 1.30 in the morning, but discovered later I’m not very good at reading my broker’s mobile app.
Sold to Open May 18th 2190/2165 put spreads for 1.35
Sold to Open May 1st 2250/2275/2390/2415 iron condors for 3.95
Options Bistro 