Now the post-earnings fun begins. When GOOGL rallies 3% or more after earnings, it’s very likely to continue moving up for the next 2 to 4 weeks. Historical patterns. I love them.
Bot GOOGL Jul27 1240/1250 BuCS @ 7.79. GTC order to sell @ 9.40
Adjustment plan: If GOOGL moves below 1250 on a close, I will roll my short call up to transform this trade into a BeCS or add a call credit spread to create a fly. Thanks @smasty160!
#supercharger
#Earnings #ShortStock. In LAX for our connecting flight to Tokyo. Closed the second half of the $SNA short stock for 166.89. Assigned Friday at 170… closed half yesterday for breakeven, but this second lot turns it into a higher profit trade than originally expected. Nice drop on an otherwise strong day for the market.
#assignment TWTR
Way back in 2014 when I had no idea what I was doing and was losing money being so called “mentored” in options, (but mostly mentored in self promotion) I was assigned 300 shares of TWTR, 200 at 30 and 100 at 32 and down it went from there, this was a decent percentage of my account at that time as well. I sold a lot of options trying to dig out over the years. I only had 1 call sold when it popped in February so I sold 200 shares and rolled a 25 call to July. The shares were called away of course, ending the TWTR saga. All in all I made $64 on TWTR! Maybe not the best use of capital but I didn’t lose any of that money as I was learning, still learning thanks to the gang here. Let’s see, TWTR earnings are Friday hmmmm
As mentioned earlier, I take profits on these trades on big green days.
Out last round of BA for 10%
Out CAT, INTC, and SHOP for 40% profit
Out 60% of EOG for 50% profit
Out BABA for 115% profit (held less than 24 hours)
Out WYNN, the struggler, for average profit of 15%
Still in AET, EA, EOG, TTWO. Watching several for a second round and watching AZO, ADSK, and CRM for a first round.
#preearnings
#earningsrunup
STO December 105 puts @1.35
EOG Sold 1 of my 3 long calls @ 1.55.
BTC September 65 puts @.10 cents, sold at 1.35, Why wait another 8 weeks for 10 cents.
Good Morning
Good morning- does anyone have a suggestion for learning ratio back spreads and how to use them for earnings?
BTC September 45 puts @ .05, sold at 1.08
#shortcalls
$FSLR STO 7/27 55 calls at 1.35 (covered)
#shortcalls
$TRTN BTC 10/19 40 calls at .20 STO 3/22 at 2.01 Thank you @thomberg1201
#shortputs
$ALRM STO 8/17 40 put at .70
$EXAS STO 7/27 68 put at 2.20
Taking the 80% now.
Bought to close $UVXY Jan 17 2020 33 call @ 2.00. Sold for 10.00 on 11/15/17.
Bought to close $GUSH Aug 17 55 calls @ .15. Sold for 1.10 on 7/6.
#spxcampaign
$SPX BTC 7/25 2855/2830 BECS at .40 STO on 7/16 at 2.25 Thank you @jeffcp66
$SPX BTC 8/3 2575/2625 BUPS at .40 STO on 6/29 at 5.00 Thank you @hcgdavis
IQ STO 7/27/18 31.0 PUTS @.50
ROKU STO 7/27/18 51.5 CALLS @.52 A same expiration roll our of my 53.5 calls that I btc earlier for a .35 credit.
#shortcalls
$AAXN STO 8/17 80 calls at 2.25 (covered)
$TWTR STO 7/27 45 calls at 1.90 (covered)
#shortputs
$KEM STO 8/17 27 puts at 1.10
$AAXN STO 8/17 65 puts at 1.45
#longcalls
$AET BTO 8/3 190 calls at 1.75 Thank you @kathycon
#PreEarnings Sold to close $LMT July 27th long 330 calls for .85. Bought for 1.40 last week. Small loss on this batch, but with previous call spreads included I netted 5.90 profit on multiple spreads in multiple accounts. Thanks for leading the way, MamaCash!
#SPXcampaign Closed $SPX July 25th 2750/2725 put spreads for .20. Sold for 4.50 on July 11th.
#Earnings #ShortStock Covering $SNA short stock, assigned at 170 on Friday. I have covered half, buying to close at 171.40, which makes that batch breakeven since the earnings strangle was sold for 1.40.
Leaving the rest for hopefully lower prices.
STO December 55 puts @ 1.70
#Earnings Sold $BIIB July 27th 300/415 strangles for 2.40.
FIVE-DAY MOVES: Biggest UP move: 9.5%, Biggest DOWN move: -16.9%, Average move: 5.7%. These strikes are +15.9% and -16.2% OTM.
#LongCalls #LEAPS – Well that didn’t take long….negative deltas for a second time so booking it. Sold first batches of weekly calls aggressively and non-ratio’d just in case there was no bounce. Since it got the bounce I’ll take the quick 10 day winner.
Sold to Close AVGO JAN 17 2020 210.0 Calls
Bought to Close AVGO AUG 3 2018 212.5 Calls
3.45 winner on a big ‘ol 2 lot…
IQ STO 7/27/18 34.0 CALLS @.70 ntm Will buy stock to cover if necessary.
Rolled July 27 55 calls to August 3, 55 calls for a credit of .15 cents. I was not able to pick up a better strike price this time but did get some premium. We need a correction.
#shortputs #fallingknife
FYI
NTGR down 10%
PZZA down 8%
SXT down 8%
LII down 4%
Bought to close $AVGO Aug 17 200/190 BuPS @ .65. Sold for 2.33 on 7/17.
#BuPS AVGO BTO 7/27/18 210.0 PUTS @.65
AVGO STO 7/27/18 215.0 PUTS @2.07
Hi Mr. T. ;>)
STO Sep 280 put @1.35 x5
BTO Sep 305/295 put debit spread @2.12 x 1
Break even: 277.08 13.3% down from spot, 5x expected move
The intent of this trade is to capture potential earnings pops from the top components in IBB.
Bot IBB Sep21 119c/-119p/116p @ 2.26. Unhinged.:-) First layer.
TNDM BTO STOCK @27.60 & 27.82
Added a few more small pre-earnings positions. After this week, watching AZO, ADSK, and CRM.
Bot CAT Aug3 139c @ 2.45
Bot BABA Aug3 190c @ 1.95
Bot AET Aug3 190c @ 2.10 (wide bid-ask so riskier trade but good historical pattern)
#preearnings
#earningsrunup
Took five small long positions in GOOG for pre earnings momentum. Closed the last three today for a loss. Date shown is when I entered the trade. All were Jul27 expiry.
Jul2, Call credit spread, 10%
Jul2, Call credit spread, 27%
Jul2, Call credit spread, -35%
Jul9, Call credit spread, -35%
Jul12, Put credit spread, -11%
Sold $SWKS Sep 21 85 puts @ 1.20. Delta 18. Strike is below the May lows.
#LongCalls #LEAPS – Reaching negative deltas so rolling out and up. Negative deltas a second time and I’ll book it as a short term win.
Rolled AVGO JUL 27 2018 210.0 Calls to AUG 3 2018 212.5 Calls @ .15 debit
Sold $HAL Jan 18 2019 38 puts @ 1.49
#FallingKnife
Did well on Friday selling numerous BeCS, only the 360/405 got me called away naked shares. Today I bought half pre-market 359.50 with a follow-up order for the remainder at 358.50 which executed within 5 minutes of open. Price dipped to 353.60 before recovery to 360 presently.
$SQ Sold my long Aug 3rd Calls at 2.66. I had raised my stop/alert to 2.80 after the bounce last Friday. Maybe too tight on the stop.
$NVDA Closed my #Supercharger @ 6.35 with NVDA @ 243.57 . Hit my alert at 6.50. Entered at 7.50. I may reenter nearer the end of the day. See how things go.
Be sure to periodically click Home/REFRESH to keep Bistro features updated.
#LongPuts #LongCalls #LongLEAPStraddles – Another fill on Friday while I was out….a call side roll still prior to earnings…
Rolled TSLA Jul 20 2018 315.0 Calls to Jul 27 2018 315.0 Calls @ 6.15 credit (11.80 total now)
#LongCalls – A final postmortem on my old buddy after taking the trade all the way to the end selling weeklies against long calls…(this was an experimental shorter term position and not a #LEAPS trade).
Initial Cost of a 5 lot of long calls: $5116.95
Total weekly premium received: $4983.85
Net loss of 133.10 including commissions. The trade was never profitable so happy with the end result….adios Mr. CELG!
NOTE: There may be errors and omissions in this list. Please perform your own due diligence and confirm the earnings date BEFORE entering a trade.
+++++++++++++++++++++++++++
Notable Earnings AM Mon:
BPOP, HAL, HAS, ITW, ONB, PETS, PHG
Notable Earnings PM Mon:
ACC, AMTD, BRO, CDNS, GOOG, HLX, OI, STLD, WERN, WHR, ZION
Notable Earnings AM Tues:
ATI, AVY, BIIB, BKU, BTU, CIT, CNC, CSTM, DGX, EDU, HOG, IPG, IQV, JBLU, KMB, LLY, LMT, LPT, MDSO, MLCO, MMM, PCAR, SHW, SNV, ST, TRU, UTX, VZ, WAB, WAT
Notable Earnings PM Tues:
AKR, AMP, BXMT, CB, CNI, EQR, HA, HIW, IPHI, IRBT, KN, MKSI, NAVI, RHI, SPN, STL, SYK, T, TER, TSS, TXN, WCN
Notable Earnings AM Wed:
AEP, ANTM, AOS, APH, BA, BSX, CHKP, DAN, DTE, EVR, FCAU, FCX, FLIR, GD, GLW, GM, GRUB, HBAN, HCA, HES, HLT, IART, IMAX, INVA, IR, KEM, KO, LH, LW, NDAQ, NEE, NOC, NSC, OC, PNR, RES, ROK, SC, SIX, SRE, STM, TEL, TMO, TROW, TUP, UPS, WIX, WM
Notable Earnings PM Wed:
ABX, AEM, ALGN, AMD, AXS, AXTI, CCJ, CLB, CTXS, CVRR, CW, DDR, DRE, EFX, EHC, ESRT, ESV, FB, FFIV, FR, FTI, GG, GGG, GILD, KNX, KRC, LM, LVS, MAT, MDLZ, MHK, MPWR, NOW, OII, ORLY, PEB, PKG, PYPL, QCOM, QEP, QTS, RJF, ROIC, SFS, STAY, SU, TMK, TRN, UHS, V, VAR, VRTX, XLNX
Notable Earnings AM Thurs:
AAL, AAN, ABMD, ADNT, AGN, ALK, ALKS, ALLE, ALLY, ALXN, APD, AXTA, AZN, BAX, BC, BMS, BMY, BUD, BWA, CELG, CMCSA, CME, CMS, COP, CRI, CVE, DHI, DNKN, EIGI, ENTG, EQM, EQT, FAF, GRA, HP, HSY, IP, IVZ, KDP, KIM, KKR, LAZ, LDOS, LEA, LKQ, LLL, LUV, MA, MCD, MCK, MMC, MO, MPC, MPLX, NEM, NLSN, NTCT, NVCR, NYT, ODFL, PCG, PENN, PHM, PTEN, PX, RDN, RDS.A, RTN, SAVE, SPB, SPGI, SPOT, SYNT, TAL, TECK, TPX, TSCO, TSEM, UAA, UBSI, VC, VLO, WWE, XEL, XRX, YNDX
Notable Earnings PM Thurs:
AFL, AJG, AMGN, AMZN, BOFI, BYD, CMG, COLM, CUBE, CVA, CXP, CY, DECK, DFS, DLR, EA, EGHT, EIX, EMN, EW, EXPE, FBHS, FHB, FII, FLEX, FSLR, FTV, HIG, INT, INTC, JEF, JNPR, LEG, LOGM, LPLA, LRCX, LYV, MXIM, NCR, NOV, NR, OFC, PFG, PFPT, RSG, SBUX, SGEN, SIVB, SVU, TEAM, UCTT, VRSN, WDC
Notable Earnings AM Fri:
ABBV, ALV, AON, BEN, CL, COG, COL, CVX, GT, IMGN, IRM, LPNT, MCO, MD, MRK, POR, PSX, SYF, TCF, TEN, TPH, TWTR, VIRT, VTR, WETF, WY, XOM, ZBH
Notable Earnings PM Fri:
KBR
@jEFF Miracle of miracles, I’m in OB. Thank you Jeff.
#shortputs
Rolled
$MZOR BTC 7/20 70 puts and STO 8/17 70 puts for .90 added credit. EArnings 8/6
#optionsexpiration
$NVDA 265/285 BUCS Max Loss
$WYNN 170/175 BUPS Max Loss
$FB 180/190 BUPS
$NFLX 340/350 BUPS
$SPX 2600/2625 BUPS Thank you @jeffcp66
$BA 325/335 BUPS Thank you @ramie77
$BABA 200 call
$TRTN 35 call (Covered)
$CLF 8 puts
$FEYE 18 calls (covered)
$TWTR 44 calls
$FSLR 50 puts
$TWTR 42 puts
$ALRM 37.5 puts
$KEM 24 puts
A little late but it is summer in the city. Have an enjoyable and restful Sunday.
$APA 30 puts
$BA 325/320 BuPS
$CLX 115 puts
$DQ 55 calls (covered)
$EXAS 62 puts
$HSIC 50 puts
$JCI 33 puts
$KMB 90 puts
$SWK 130 puts
$WDC 65 puts
$WHR 120 puts
$WYNN 162.50/152.50 BuPS
Have a great weekend everyone.
$APA 30 puts
$BA 325/320 BuPS
$CLX 115 puts
$DQ 55 calls (covered)
$EXAS 62 puts
$HSIC 50 puts
$JCI 33 puts
$KMB 90 puts
$SWK 130 puts
$WDC 65 puts
$WHR 120 puts
$WYNN 162.50/152.50 BuPS
Have a great weekend everyone.
TheoTrade
Is anyone familiar with the Risk Twist Put spread as explained by TheoTrade?
SPY October 19th Exp.
STO 276 PUT x 1
BTO 266 PUT x 3
STO 264 PUT x 1
For a debit of $1.30
Apparently it is good for protection in a pullback of about 7%
They are saying that you can put this trade on about 4 times per year, 90 DTE
When I try to analyze the trade, it looks like risk of loss significantly increases after 30 days, so in my mind, you have to close and re-establish a new trade every 30 days.
If you know this trade, can you tell me the best way to manage it?
#Coveredcalls
DBX 33 Calls
NUGT 26 Calls
TWTR 45 Calls
Have a great weekend.
#OptionsExpiration #Earnings #ContangoETFs
— Expiring w/max profit —
$COF 93.5 puts, sold yesterday for 1.40
$GUSH 48 call, sold for 1.05 last month
$ISRG 520/525 call spread, sold yesterday for 2.75 (wish I’d waited on both!)
$NFLX 475 call, sold Monday for 1.00
$SNA 145 puts, sold Wednesday
— Assignments —
$MU 54 and 54.5 #CoveredCalls #PieTrades Originally assigned via 55 puts, after a few weeks of call sales, exiting with cost basis around 51.
$SNA 170 calls, going short the stock. No weekly options on this so I think it will be quicker to get out on a dip next week.
STO, November 85 puts @ 2.40
FAS BTC July 20th 67.50 calls at 1.35. Originally sold 7/13 for 0.88. I will re-cover long stock at a more opportune price.
SIG #shortputs Bought to close 7/27 58 Puts @ .40. Sold 7/18 @ 1.20.
#fallingknife
FYI
SKX is down 21%
@geewhiz112
FYI
CLF is up on earnings.
Calls are profitable.
#SuperCharger Following Mama and Mort:
Bought to open $NVDA Aug 17th 230/240 bull call spread for 7.55.
As @fuzzballl mentioned earlier, some companies move their earnings dates around making pre-ER trades more difficult. WYNN is one of those companies. They moved their tentative earnings date from 7/26 to 8/1 but still not confirmed. This is probably a good one to avoid and SWKS too.
#CoveredCallCampaign BTC $FB July 20th 210 #CoveredCall for 1.00 to avoid assignment. Sold for 2.00 on June 20th.
Bring on the earnings!
DOCU Closed my 1 short 7/20 55 Put for 3.20. Taking that 1.00 loss to avoid deeper risk. Miss managed this earlier when it was 40% profitable. Hadn’t hit the 50% target so I waited……That didn’t turn out so well.
Sold $CVS Nov 16 57.50 puts @ 1.36. Dropped down a strike (already short the Nov 60 puts).
Sold Aug17 115c @ 1.11 for 71% profit. Bot @ 1.90.
This is my last round of CHKP pre-earnings.
STC PBR Jul 20 10/13 BuCS @1.35 6/1 BTO @ 1.00
STC EWZ started 5/29 was a big loser but worked it until today and closed for a small profit. Thx to Sue, MamaCash and Fuzball for help.
STC LMT +140.00 on one I tried hard to screw it up but came out with a profit.
STO November 80 puts @1.45 with stock trading at 97.29
#LEAPs Another one I’m closing early to avoid any intraday surprises.
BTC $PYPL July 20th 87.5 puts for .11. Sold for 1.26 (avg price) last Friday.
I’m trading short term around PYPL against Jan 2019 100 long calls.
#Earnings $NFLX has not recovered from its drop strongly and I don’t want to mess with this if it drops into the close.
BTC NFLX July 20th 360 put for .27. Sold for 3.46 last week. Leaving 475 call to expire.
I’ll be trading pre-earnings on NVDA but it’s a little early to put on unhedged calls so starting with a supercharger.
Bot NVDA Aug17 230/240 BuCS @ 7.60. GTC order to close at 9.40.
#supercharger
Trump says he’s ‘ready’ to put tariffs on all $505 billion of Chinese goods imported to the US.
The market seems not affected by this news.
https://finance.yahoo.com/news/trump-says-apos-apos-ready-100900482.html
#Earnings Closed one of my $ISRG 520/525 call spreads for 4.49. Saved 51 bucks from allowing it to expire ITM. I’ll wait longer on the other one in case the stock starts dropping. Sold them yesterday for 2.75.
Driving all day made 2 trades, followed Iceman on AA and closed July 20 TSLA 330/340 call spreads for .39 near the open, had been rolled, cost basis of 1.31.
#PieTrades BTC $AMAT July 20th 46 #CoveredCall for .80. Sold last week for .75
Sold to Open AMAT July 27th 46.5 covered call for 1.05.
In my IRA, I closed my 2020, 55 calls against my 58.50 calls for a 16.7% profit since June 29th. I am now 100% cash in the IRA.
BTC January 35 puts @ 1.20, sold yesterday at 1.50, decided I did not like the trade. I can’t give any reason but, I am just nervous about this market right now. Something does not feel right to me at this moment.
#LongCalls #LEAPS – All of these are ratios except the SMH (wish it was). Taking care of these today since I’ll be out all day tomorrow (3 day golf weekend…LOL). Still will have TSLA, AMAT, AVGO, CELG, EWZ to watch.
LABU:
Rolled LABU JUL 20 2018 90.0 Call to AUG 10 2018 91.0 Call @ .24 credit
NVDA:
Rolled NVDA JUL 20 2018 247.5 Call to JUL 27 2018 250.0 Call @ .55 credit
RTN:
Rolled RTN JUL 20 2018 195.0 Calls to AUG 3 2018 197.5 Calls @ .25 debit
SMH:
Rolled SMH JUL 20 2018 102.0 Calls to AUG 10 2018 103.0 Calls @ .12 credit
TQQQ:
Rolled TQQQ JUL 20 2018 57.0 Calls to AUG 3 2018 57.5 Calls @ even
#Earnings I sold two (2) $ISRG July 20th 520/525 call spreads for 2.75. Max loss 2.25. Chart looks over done. Better than 1:1 so why not?
#ShortPuts #IRA #FallingKnife – A great dividend down at these levels. I missed the earnings selloff first thing this morning…
Sold PM DEC 21 2018 75.0 Put @ 2.60
Sold PM JAN 18 2019 75.0 Put @ 2.87
MamaCash, when you have a pre-earnings trade on and the stock pulls back, I understand that you add to your position. My question is do you add calls at the same original strike, or do you go down to a new strike at the appropriate delta?
Options Bistro 