WDC adjust at the close

Rolled the 22 DTE 47 call out to 43 DTE for 0.74 credit. Cost basis now 21.4.

ANET

Up $30 after earnings, $260 stock.

AAPL Earnings

#Earnings #IronFlies -Throwing a little house money at this one. Risk 125 to make 625 selling an iron fly 7.50 wide on a 10 dollar expected move.

Sold AAPL NOV 2 2018 212.5/220.0/227.5 Iron Fly @ 6.25

SBUX dbl calendar

#Earnings Bought to Open $SBUX Nov2/Nov9 59 #DoubleCalendar for .48.

Trying for an $EOG 106 calendar for 1.90 but may bail if I don’t get filled.

SPX 1 DTE

#SPXcampaign trying something new to me, but I know is a common strategy for others.

Sold to Open $SPX Nov 2nd 2645/2665/2780/2800 iron condors for 1.05. Expire tomorrow. Will roll into a longer term condor if SPX gets within 10 pts of either short.

IV has gone up in last 20 minutes so you can get this for more, or move out a strike.

SBUX DubCal

Bot Nov2/9 59 double calendar x2 @ .43. GTC order to sell @.80
#doublecalendar

AMZN

STC Nov 9 1550/1555 Calls $4.25 #suppercharger

bought a week or so $3.75 was under water last week

LABU

Rolled November 2, 72 calls to November 16, 75 calls for a credit of .47 cents. I own the 115 calls in 2021.

Bistro activity….?

#OffTopic – Are we getting close to a record day for number of posts? Volatility sure adds to the volume here!

WTW Earnings

#Earnings – Skipping BABA but really want to do something. Since I’ve got WTW stock already (small position) with DITM covered calls I’m overlaying a Jade Lizard on top of that skewed to the downside.

Sold WTW NOV 2 2018 62.0/70.0/72.0 Jade Lizard @ 2.20

UVXY

#ShortCalls – Booking it because you just never know…

Bought to Close UVXY NOV 2 2018 70.0 Call @ .10 (sold for 2.35)

OLED

Not really an #Earnings trade. Had been selling calls against some DITM short put spreads. With the yuuge rally into earnings the calls are taking some heat. With all the premium available I’m busting up the calls into short strangles and skewed fairly bullish.

Rolled OLED NOV 2 2018 125.0 Calls to NOV 2 2018 123.0/138.0 Strangles @ .05 credit

#revengetrade

AAPL calls

#Earnings I’m legging into $AAPL short Nov 2nd 232.5 calls, against the 205 puts I sold this morning. Filled on 1 so far at 1.02. Next fill is for 1.10.

WHIZ…

Says a retest is still coming. Nothing crazy but a technical pullback….

EWW

#LongCalls #LEAPS – Booking the over write for safety…

Bought to Close EWW NOV 9 2018 48.0 Calls @ .02 (sold for .37)

TQQQ

Rolled November 16, 59 calls out to December 21, 61 calls for a credit of 1.03 so a better strike price and nice premium with 107 more weeks to go. I will have covered 25% of my cost by December 21.

TSLA calls closed

BTC $TSLA Nov 2nd 290/350 strangles for 3.01. Sold for 6.50 last Friday. Will look to do another one tomorrow.

ANET earnings trade and analysis

#Earnings Sold to Open $ANET Nov 2nd 202.5/270 strangles for 2.05.

$ANET reports after the bell. Below are details on earnings 1-day moves over the last 12 quarters.

Aug. 2, 2018 AC -5.26%
May 3, 2018 AC -8.51%
Feb. 15, 2018 AC -18.98% Biggest DOWN
Nov. 2, 2017 AC 11.21%
Aug. 3, 2017 AC 19.43% Biggest UP
May 4, 2017 AC 3.22%
Feb. 16, 2017 AC 18.85%
Nov. 3, 2016 AC 1.49%
Aug. 4, 2016 AC -0.33%
May 5, 2016 AC 5.11%
Feb. 18, 2016 AC 11.77%
Nov. 5, 2015 AC 13.71%

Avg + or – 9.82%
Bias 4.31%, positive bias on earnings.

With stock at 237.00 the data suggests these ranges.
Based on current IV (expected move per TOS): 215.96 to 258.04
Based on AVERAGE move over last 12 quarters: 214.17 to 260.83
Based on MAXIMUM move over last 12 Q’s (19.4%): 191.35 to 283.65

Open for requests on other symbols.

Closing AMD

Bought to close $AMD Nov 16 17 puts @ .34. Sold for .72 on 10/25.

EOG reset

This one got away from me as I chased the short puts up as it made it almost to 130. Now back down to 104 so I had a mess and was long the 115 2020 outs and short the 36 DTE 120 puts. Rolled the entire thing down and out so now have the 110 long 2020 puts and the 43 DTE 110 puts. All said and done the shorts cost me 7.85, I had a credit of 2.82 for the long roll down, adding that to my cost basis of 7.66 I now have a total cost basis of 12.69 but no margin requirement.

Will keep selling and may eventually convert it to 2021 if it stabilizes.

Now I am done for a while, trade smart!

UVXY

#LongPuts #LEAPS – Selling against next week’s short puts…

Sold UVXY NOV 9 2018 62.0 Call @ 2.72

W closed

#Earnings BTC $W Nov 2nd 85/135 strangles for .24. Sold strangles yesterday for 1.82.

Some short covering created a few more trades.

#fuzzies

MU rolled the 40/40 22 DTE out to 43 DTE for 0.66 credit. cb now 14.69
WDC 40/46.5 8 DTE out to 22 DTE and up to 47 for 0.38 credit. cb now 22.14

Will try to roll these back up and stay ahead of them going deep ITM. If I can’t will ratio.

Now going for bike, hopefully another 1k of decay will happen in EXPE and can roll them when I get back.

STMP earnings

#Earnings – Since there’s other earnings trades coming up that I’d like to try I’m bailing on this one. Got well over half and shipping it on down the road since it’s really looking weak here.

Bought to Close STMP NOV 2 2018 175.0/215.0/220.0 Jade Lizard @ 2.00 (sold for 5.10)

AMAT

#LongCalls #LEAPS – Earnings date is finally confirmed. I’m glad they drug their feet on it since I left it unhedged while waiting. Now I know what a blind squirrel feels like!

🙂

Trade candidates

I’m looking at Strangles on $ANET, $BABA, and $OLED.
Considering double calendars on $EOG, $CVX, and $SBUX.

What else you looking at?

CI and W DubCals closed

Closed CI double calendar for 2.58. Bot @ 2.44 ydy.
Closed W double calendar for .20. Bot @ 2.30 ydy.

Not a good day for the small DubCal flock.
#doublecalendar

#pietrade tweak I am considering….

#pietrade tweak I am considering.

On the initial put sale, I may pair jade lizard with them. Bring in a little extra income, if it does not hit the short strike keep the additional income.

Then if assigned on the put, instead of selling straight CC may sell a call credit spread. Then if called out you may also get a runner on the long calls. Or if nothing else will give you the ability to ratio it if moving around a lot.

As I experiment with this will post results. In looking at more recent trades it certainly would have helped.

Currently #pietrades yield about 30-40 percent annualized on cash accounts, 40-50% on margin. Trying to bump that up a little and at the same time reduce risk.

Light Thurs trade day

Yesterday rolled EOG 115/120 #fuzzy out to 36 DTE for 0.51 credit. Cb now 7.66

Today XBI #fuzzy 80/90 rolled down to 85 and out to 29 DTE for 0.49 credit. Cb 16.54 now

#pietrades LNG lot 2 CC 66 rolled down to 63 and 15 DTE for 1.15 credit. Cb now 61.24. Hoping it will assign so I can restart #pietrades on this account.

Have some expiring tomorrow but with the volatility they are holding on to their premium. EXPE 125/126 short puts on a #fuzzy are sitting ATM and still traing for 0.90 and 1.90. With 10 contracts want to capture a lot more of that decay before I roll.

The hedges worked well, the uptick certainly helps but finally starting to take some profits out of the 12k of premium I had sold over the last 3-4 weeks. Another week or 2 and all that premium should find it’s way to my accounts as long as we don’t implode again.

Once VIX settles down will put the SPX hedges back on. New personal rule, anytime VIX is 12.5 or under will keep SPX hedge on. Maybe 1-2 times a year have a winning lottery ticket. This year would have paid out twice, Feb and now!

CI trade closed

#Earnings Bought to close $CI 200/222.5 strangles for .25. Sold yesterday for 1.97.

BABA earnings analysis

#Earnings $BABA reports tomorrow morning. Below are details on earnings 1-day moves over the last 12 quarters.

Aug. 23, 2018 BO -3.15%
May 4, 2018 BO 3.52%
Feb. 1, 2018 BO -5.90% Biggest DOWN
Nov. 2, 2017 BO -0.68%
Aug. 17, 2017 BO 2.77%
May 18, 2017 BO 0.45%
Jan. 24, 2017 BO 3.06%
Nov. 2, 2016 BO -2.60%
Aug. 11, 2016 BO 5.08% Biggest UP
May 5, 2016 BO 3.96%
Jan. 28, 2016 BO -3.76%
Oct. 27, 2015 BO 4.04%

Avg + or – 3.25%
Bias 0.57%, slight positive bias on earnings.

With stock at 143.00 the data suggests these ranges.
Based on current IV (expected move per TOS): 134.69 to 151.31
Based on AVERAGE move over last 12 quarters: 138.36 to 147.64
Based on MAXIMUM move over last 12 Q’s (5.9%): 134.56 to 151.44

Expected move is same as Maximum move, which is rare.

Open for requests on other symbols.

#jadelizard

STMP earnings

#Earnings #JadeLizard – Taking the upside risk off the lizard and still waiting on the put side. Covered calls on the put side at a 170 basis wouldn’t be the end of the world so watching it for now.

Bought to Close STMP NOV 2 2018 215.0/220.0 Bear Call Spread @ .10

Originally:

Sold 1 STMP NOV 2 2018 175.0/215.0/220.0 Jade Lizard @ 5.10

AAPL trade

#Earnings Sold $AAPL Nov 2nd 205 puts for 1.60. Will sell calls if we can rally. I sold early, thinking this morning weakness will be bought. Hopefully the whole day doesn’t turn ugly!

AAPL earnings analysis

#Earnings $AAPL reports after the bell. Below are details on earnings 1-day moves over the last 12 quarters.

July 31, 2018 AC 5.89%
May 1, 2018 AC 4.41%
Feb. 1, 2018 AC -4.33%
Nov. 2, 2017 AC 2.61%
Aug. 1, 2017 AC 4.72%
May 2, 2017 AC -0.30%
Jan. 31, 2017 AC 6.09%
Oct. 25, 2016 AC -2.24%
July 26, 2016 AC 6.49% Biggest UP
April 26, 2016 AC -6.25%
Jan. 26, 2016 AC -6.57% Biggest DOWN
Oct. 27, 2015 AC 4.12%

Avg + or – 4.50%
Bias 1.22%, positive bias on earnings.

With stock at 218.00 the data suggests these ranges.
Based on current IV (expected move per TOS): 206.86 to 229.14
Based on AVERAGE move over last 12 quarters: 208.19 to 227.81
Based on MAXIMUM move over last 12 Q’s (6.6%): 203.68 to 232.15

Open for requests on other symbols.

TLT

#PerpetualRollingStrangles – Triple selling the call side using the falling 20ma as a guide for resistance. Stops set on the previous sales.

Sold 12 TLT NOV 30 2018 116.0 Calls @ .38