AMAT AMBA EWW EWZ LABU PYPL UVXY

#LongCalls #LongPuts #LEAPS – Was out most of the day but did get in just in time to get a few sales off. Morning would’ve been better but the volatility is helping premium across the board so still sold a little. Biggest change is closing a couple of the long term positions that were near breakeven (AMBA and EWZ) and moving some of that cash to UVXY and possibly adding to TNA and TQQQ.

AMAT: Waiting for earnings date confirmation before selling anymore.

Bought to Close AMAT NOV 2 2018 36.0 Calls @ .02 (sold for .38)

AMBA: Closed for small loss. Happy with it since stock moved against me from day one. Another 2020 position closed and looking to add to some 2021’s that are beaten down.

Bought to Close AMBA NOV 2 2018 38.0 Calls
Bought to Close AMBA NOV 9 2018 36.0 Calls
Sold to Close AMBA JAN 17 2020 50.0 Calls

Net loss of .21 on a 10 lot…

EWW: Overlapping sales since this week’s 48’s look safe.

Sold EWW NOV 16 2018 45.0 Calls @ .41

EWZ: Closing it on the bounce to free up cash to add to UVXY. Small loss but a successful long term repair trade.

Bought to Close EWZ NOV 9 2018 35.5 Calls (ratio’d)
Sold to Close EWZ JAN 15 2021 40.0 Calls

Net loss of .36 on a 10 lot…

LABU: Selling spreads very cautiously down here. Short next week’s 70/80 also.

Sold LABU NOV 16 2018 65.0/75.0 Bear Call Spreads @ .50

PYPL:

Bought to Close PYPL NOV 2 2018 89.0 Calls @ .05 (sold for .60)

Sold PYPL NOV 9 2018 86.0 Calls @ .54

UVXY: Added to the long LEAP puts and sold puts against them. Still short a few calls as well.

Bought to Open UVXY JAN 15 2021 50.0 Puts @ 26.75

Sold UVXY NOV 9 2018 56.0 Puts @ 1.25

High volume plunge, higher volume bounce at 3:45

UVXY pulling back 4 points in the last 10 minutes. FANG stocks well off their lows.

#shortstock XLF #shortcallspreads QQQ #longputspread…

#shortstock XLF #shortcallspreads QQQ #longputspread SPY

XLF Sold 100 shares short at 25.37
QQQ Sold Nov. 16, 170/175 for 1.03
SPY bought Nov. 14 250/260 for 2.00

TQQQ calls

#SyntheticCoveredCalls BTC $TQQQ Nov 2 58 calls for .12. Sold for 1.20 on Thursday. Looks like I’ll be adding to my #LongLEAPs this week.

TRADE: BAD TRADE

AMZN BTC 1480/1490 BuPS ;>(

TRADES:

AMD STO 11/2/18 19.0 CALLS @.20 Delta .23
TWLO STO 11/2/18 62.0 PUTS @.60 Delta .16
TWLO STO 11/2/18 71.0 CALLS @1.00 Delta .31
AMZN BuPS 11/2/18 1490/1480 PUTS @2.00

PYPL and SOXL

#SyntheticCoveredCalls BTC $PYPL Nov 2nd 88 calls for .11. Sold for 1.20 on Oct 19th.

#ContagoETFs BTC $SOXL Dec 85 put for 9.00.
#Rolling Sold $SOXL May 65 put for 9.25

Failing again

#SPXcampaign I was looking for a higher move before we topped, so I didn’t get these trades off in time. I managed to close one of my SPX spreads for 3.20, just above break-even, which gave me the heads up to start looking for a full exit. But that turned out to be the top so far. Maybe we’ll bounce at flat, and then I’ll be sad about these trades. But overall, I’m looking for a test of Feb lows before we get out of this mess.

Sold to Open $SPX Nov 2 2725/2750 call spreads for 5.55.
Sold to close $SPX Oct 31st 2750/2775 call spreads for .90. Bought for 3.10 on Friday.

Still holding a way OTM long put spread expiring the 9th. Will hold it for a deep plunge.

Red Hat turning blue

Not much left here after the IBM takeover announcement.
Bought to close $RHT Dec 21 100 puts @ .10. Sold for 1.10 on 6/22.

CTSH calendar?

#Earnings @kathycon, check out $CTSH for a double calendar. Looks to me like decent IV drop, typically low moves on earnings, and cheap purchase price.

CMI earnings analysis

#Earnings $CMI reports in the morning before the bell. Below are details on earnings 1-day moves over the last 12 quarters.

July 31, 2018 BO 4.08%
May 1, 2018 BO -4.11%
Feb. 6, 2018 BO -2.33%
Oct. 31, 2017 BO -1.92%
Aug. 1, 2017 BO -5.64%
May 2, 2017 BO 6.09%
Feb. 9, 2017 BO 3.06%
Nov. 1, 2016 BO -4.32%
Aug. 2, 2016 BO -0.62%
May 3, 2016 BO 1.77%
Feb. 4, 2016 BO 7.62% Biggest UP
Oct. 27, 2015 BO -8.69% Biggest DOWN

Avg + or – 4.19%
Bias -0.42%, slight negative bias on earnings.

With stock at 133.50, the data suggests these ranges.
Based on current IV (expected move per TOS): 125.81 to 141.19
Based on AVERAGE move over last 12 quarters: 127.91 to 139.09
Based on MAXIMUM move over last 12 Q’s (8.7%): 121.90 to 145.10

Open for requests on other symbols.

Closing GUSH

I am now completely out of this one.
Bought to close:
$GUSH Dec 21 46 calls @ .20. Sold for 4.00, 5.00 and 6.00 on 4/24, 5/8 and 5/9.