#earnings #shortstrangles WB
Sold Dec. 21, 45/75 for 1.45, thanks for the data Jeff.
Monthly Archives: November 2018
Sold more Z
#Earnings #Assignment Sold more $Z stock at 33.50. Assigned with cost basis of 32.55.
LABU
Rolled my 55 calls out to January 18, 63 calls for a credit of .90 cents. I get my .15 cents per week and a better strike price. I still have to roll the December 14 calls, to January 18 calls.
REGN
#ShortCalls #BullPutSpreads – Still selling against Jan 2021 ITM bull put spreads to reduce basis if I eventually end up with the stock.
Sold 1 REGN DEC 14 2018 380.0 Call @ 2.55
WB earnings analysis
#Earnings $WB reports tomorrow morning. Below are details on earnings 1-day moves over the last 12 quarters.
Aug. 8, 2018 BO -4.04%
May 9, 2018 BO -14.19%
Feb. 13, 2018 BO 9.59%
Nov. 7, 2017 BO 0.07%
Aug. 9, 2017 BO 1.12%
May 16, 2017 BO 24.96% Biggest UP
Feb. 22, 2017 AC -16.01% Biggest DOWN
Nov. 21, 2016 AC 7.34%
Aug. 8, 2016 AC 12.48%
May 11, 2016 AC -1.12%
March 2, 2016 AC 9.48%
Nov. 18, 2015 AC 1.98%
Avg (+ or -) 8.53%
Bias 2.64%, positive bias on earnings.
With stock at 59.00 the data suggests these ranges.
Based on current IV (expected move per TOS): 52.46 to 65.54
Based on AVERAGE move over last 12 quarters: 53.97 to 64.03
Based on MAXIMUM move over last 12 Q’s (25.0%): 44.27 to 73.73
Open for requests on other symbols.
#coveredcalls AXDX Sold Dec. 21,…
#coveredcalls AXDX
Sold Dec. 21, 12.50 call for 1.30, stock at 13.00. I was assigned shares with a cost basis of 20.
#shortputs #pietrades ORCL Sold Dec….
#shortputs #pietrades ORCL
Sold Dec. 21, 46 put for 1.01, earnings Dec. 12.
XBI
#LongCalls #LEAPS – Sold XBI DEC 21 2018 85.0/95.0 Bear Call Spreads @ .63
RTN
#LongCalls #LEAPS – Glad I sold all those new positions yesterday…LOL
Bought to Close RTN DEC 7 2018 187.5/197.5 Bear Call Spreads @ .08 (sold for .70)
CRM earnings analysis
#Earnings $CRM reports tonight. Below are details on earnings 1-day moves over the last 12 quarters.
Aug. 29, 2018 AC -1.71%
May 29, 2018 AC 1.90%
Feb. 28, 2018 AC 2.73%
Nov. 21, 2017 AC -1.81%
Aug. 22, 2017 AC 0.12%
May 18, 2017 AC -0.39%
Feb. 28, 2017 AC 3.02%
Nov. 17, 2016 AC 3.43%
Aug. 31, 2016 AC -4.41% Biggest DOWN
May 18, 2016 AC 4.13%
Feb. 24, 2016 AC 11.03% Biggest UP
Nov. 18, 2015 AC 4.25%
Avg (+ or -) 3.24%
Bias 1.86%, positive bias on earnings.
With stock at 124.50 the data suggests these ranges.
Based on current IV (expected move per TOS): 115.24 to 133.76
Based on AVERAGE move over last 12 quarters: 120.46 to 128.54
Based on MAXIMUM move over last 12 Q’s (11.0%): 110.77 to 138.23
Open for requests on other symbols.
SPX 1-dte expired
#SPXcampaign Expired: $SPX Nov 26th 2560/2580-2690/2710 condors, sold Friday for 1.15.
A few more UVXY
#VXXGame
Closed my other $UVXY March 112 call for 3.25. Sold for 7.00.
Closed UVXY Jan 18th 95 call for 1.87. Sold for 6.90.
Bought (2) Dec 7th 100 calls for .18. Released 4.5K in buying power.
Closing OLED
Bought to close $OLED Dec 21 70 puts @ .30. Sold for 1.45 on 11/12.
SPX Short period
STO SPX 2535/2515 BuPS 30 NOV 2018 at $0.60
STO SPX 2750/2770 BeCS 30 NOV 2018 at $0.55
Sold Z stock
#Earnings #Assignment Sold to close $Z stock for 32.80. Was assigned with a cost basis of 32.55. Sold a 4th of my position now. Will look for higher prices near the close or tomorrow to sell more. No desire to be long or sell calls.
MO
#LongCalls #LEAPS – Can’t resist this one. I’ll take a shot for 4 cents a week. Half size to begin with…
Bought to Open MO JAN 15 2021 55.0 Calls @ 4.75
Sold MO DEC 14 2018 55.0 Calls @ .54
MORE TRADES:
Z 11/30/18 STO 31.0 PUTS @.45
Z 11/30/18 STO 34.0 CALLS @.35
DBX 12/7/18 STO 24.0 CALLS @.50
RTN
#LongCalls #LEAPS – Already up nicely on the earlier sale and some other spreads. Adding again with stops on the others. Basing these sales on resistance and the expected move.
Sold RTN DEC 21 2018 185.0/195.0 Bear Call Spreads @ .73
LABU
STO December 14, 61 calls @.50 cents. I own the 115 calls in 2021 so at least I have 2 more years to collect premium. This was a bad trade but I plan on staying with this one until expiration. I only need .15 cents per week to break even.
TRADES: Some not timely.
SFIX BTO STOCK @25.30
PLCE A 123/120 BuPS @.75
PBYI STO 11/30/18 24.0 CALLS @.75
PBYI STO 11/30/18 25.0 CALLS @..50
DBX STO 11/30/18 22.5 CALLS @.40
DBX STO 11/30/18 23.5 PUT @.80
AMD STO 11/30/18 20.0 CALLS @.43
#longputspread SPX BTC 2670/2660 puts…
#longputspread
SPX
BTC 2670/2660 puts for $6.75 and $7.50. Nice gain for half day’s time. I entered at $3.50 and $4.50.
UVXY prep
#VXXGame – My current view on the market into year-end: one more shove lower, hopefully with a panic dive toward 2500. Then, higher into year end and January.
I making a couple of $UVXY moves to free up some buying power so I can sell higher-premium calls on that dive.
Bought to Open UVXY Dec 21st 140 calls for .12. I have more long calls than short ones… they are all far OTM but will help manage the chaos should UVXY decide to shoot up to 100 on the panic.
Bought to Close UVXY Jan 18th 112 call for 1.30. Sold for 5.25.
Bought to Close UVXY March 15th 112 call for 3.70. Sold for 7.00, avg price.
SPX call spread
#SPXcampaign Sold $SPX Dec 7th 2720/2745 call spreads for 5.80.
AZO
#LongCalls #LEAPS – Trade repair I entered on May 25th as a 1×1 LEAP position. Long up 135 points but blocked by weekly. Rolling the weekly out to earnings but not up. Taking the max downside protection in case May 22nd or Oct 17th repeats itself. Sweet spot would be a selloff to my short call strike. (an Oct 17th repeat! LOL)
Rolled AZO NOV 30 2018 742.5 Call to DEC 7 2018 742.5 Call @ 5.18 credit (great fill with my 4.25 offer 🙂 🙂 )
DUST
RTN
#LongCalls #LEAPS – This is one I’ve decided not to take out to 2021. Pretty boring so gradually covering the 2020 position.
Bought to Close RTN NOV 30 2018 187.5/197.5 Bear Call Spreads @ .04 (sold for 1.08)
Sold RTN DEC 14 2018 185.0 Calls @ .86
#longputspread SPX BTO Nov 26…
#longputspread
SPX BTO Nov 26 2670/2660 puts for $4.50, added $3.40 looking for reversion to mean to R3 2659 TODAY.
#longcallspread SPX quick trade Nov…
#longcallspread
SPX quick trade Nov 26 2660/2670 for $5, sold few minutes after for $5.50, I expect price to return to R3 2659 from price I entered 2663+. Sold too early, but profitable!
OLED
#ShortCalls – Sold OLED NOV 30 2018 94.0 Calls @ .85
#assignment AMAT Assigned on a…
#assignment AMAT
Assigned on a Jan. 50 call, cost basis of 47.39, rolled this out last June.
EWW
#LongCalls #LEAPS – These were oversales so closing a little more aggressively…
Bought to Close EWW NOV 30 2018 43.5 Calls @ .03 (sold for .38)
UNG
SSO TNA TQQQ UPRO
Now the proud owner of shares in all the above via short puts. Buying weekly put flies and selling calls or call credit spreads to cover cost of put fly. Using profits to buy more shares on down days. So far so good. This strat is keeping me out of trouble and allowing me to focus on family for a while.
Econ Calendar for week of 11/26/18
Link to chart: https://us.econoday.com/byweek.asp?day=26&month=11&year=2018&cust=us&lid=0
UVXY
VXX call closed
#VXXgame BTC $VXX Dec 21st 50 call for .77. Sold for 3.50 on July 11th.
SPX 1-dte sold
#SPXcampaign Sold to Open $SPX Nov 26th 2560/2580-2690/2710 for 1.15. Expires Monday.
SPX 1-dte closed
#SPXcampaign Closed $SPX 2600/2620/2705/2725 condors for .20. Sold for .95 on Wednesday.
REGN
#ShortCalls #BullPutSpreads – Still selling against Jan 2021 ITM bull put spreads to reduce basis if I eventually end up with the stock. Orders sitting at a nickel forever with no sign of a fill. Bumped it up just a little and filled. These were over sales against the position so risk reduction also.
Bought to Close REGN NOV 30 2018 387.5 Call @ .15 (sold for 1.80)
Bought to Close REGN NOV 30 2018 390.0 Call @ .10 (sold for 2.50)
EWW
#LongCalls #LEAPS – Booking and selling a little more and while this thing is in the crapper I’ll pay a buck for another year of selling…
Bought to Close EWW NOV 30 2018 44.0 Calls @ .02 (sold for .40)
Sold EWW DEC 21 2018 43.5 Calls @ .40
Rolled EWW JAN 17 2020 49.0 Calls to EWW JAN 15 2021 49.0 Calls @ 1.10 debit
Rolling WTW
Rolled $WTW Nov 23 50 puts down and out to Dec 21 49 puts @ 1.30 credit with the stock at 47.95. Total premium taken in now 2.60 so my breakeven has been reduced to 46.40.
Music to watch the ticks by
A classic for a dull trading day…
Only 1 trade today
#fuzzy
EXPE rolled the 125/125 put spread down to 120 for net debit of 0.95 bringing cost basis up to 13.18. Fair trade off as I can collect more credit on rolls now ans still have 111 weeks to manage. It was too far ITM to collect any decent credits on rolls.
Happy Thanksgiving everyone!
Going to burn off some of these calories now.
See you all Friday!
#shortcallspread Couldn’t resist one more…
Couldn’t resist one more expiring today with 1 hour to go
BeCS 2670/2680 for 0.75cr. 2662 rising at time of sale. Turned down not much later.
Happy Thanksgiving to all of…
Happy Thanksgiving to all of you!
SQ calls
#LongLEAPs #SyntheticCoveredCalls
Sold $SQ Nov 30th 66 calls for 1.15
Closing more WHR
Taking more of this off. Now I’m just short Dec 110 puts.
Bought to close:
$WHR Dec 21 105 puts @ .59. Sold for 1.55 on 7/24.
$WHR Jan 18 95 puts @ .49. Sold for 1.25 on 10/3.
$WHR Jan 18 100 puts @ .75. Sold for 1.85 on 7/25.
O.T.
Happy turkey day to everyone.
Happy and Healthy Thanksgiving to all
#shortputspread SPX sell Nov 21…
#shortputspread
SPX sell Nov 21 2640/2630 put spread for 0.20cr. Only 1:15 remaining and price today never below 2650.
SPX 1-dte
#SPXcampaign Sold to Open $SPX Nov 23rd 2600/2620 – 2705/2725 condors for .95. Expire Friday.
#fuzzy GILD rolled the 3…
GILD rolled the 3 DTE 69 call out 16 DTE for 0.96 credit. Cb now 10.96 on this batch and still have 111-112 weeks to manage.
Have a great Thanksgiving!
#ironcondor SPX sold today’s 2690/2700…
#ironcondor
SPX sold today’s 2690/2700 calls and 2640/2630 puts for 0.90cr. So far so good as prices remains mid-range 2650 to 2670. My second attempt at IC trade.
EWW
#LongCalls #LEAPS – Slight oversale against the LEAPS with alerts and stops set on the next week’s.
Sold EWW DEC 14 2018 44.0 Calls @ .48
SHAK
#ShortPuts #IRA – More risk reduction. Just a tiny loss in a position I’m not interested in anymore. Looking for some more divvy payers to sell instead.
Bought to Close SHAK DEC 21 2018 47.5 Put @ 1.55 (sold for 1.43)
Bought to Close SHAK DEC 21 2018 50.0 Put @ 2.49 (sold for 2.20)
SOXL TQQQ
#CoveredCalls #IRA – These will be way too aggressive if the G20 becomes a success. If not, they will be brilliant. 🙂 We know how that usually turns out. LOL
SOXL:
Rolled SOXL DEC 21 2018 115.0 Calls to DEC 21 2018 100.0 Calls @ 4.75 credit.
Stock basis of 91 with additional 12.35 credit received and covered at 100. Wouldn’t be horrible if the stock got called away…
TQQQ:
Sold TQQQ DEC 21 2018 48.0 Calls @ 2.05
SJM
#ShortPuts #IRA – Risk reduction ahead of earnings. Looking to sell again on any more weakness….
Bought to Close SJM JAN 18 2019 95.0 Put @ .89 ( sold for 2.39)
SPX 1-dte closed
$SPXcampaign Sold the 2550/2470-2740/2760 condors yesterday for .85.
Closed for .10 today; closed the short calls for .05 in the pre-market, then the put spread just closed for .05.
Selling another later today for Friday expiry
TNA
#LongCalls #LEAPS – Just a small 3 lot that I haven’t added to yet. Rolling down next week’s short calls for a little extra credit. I’m using overhead resistance and the expected move to pick these strikes. Staying prior to the G20 also.
Rolled TNA NOV 30 2018 66.0 Calls to NOV 30 2018 63.0 Calls @ .46 credit (second roll…2.48 total credit now)
Basis’ on both of these positions (TQQQ and TNA) have already been reduced by over 25 percent on 2021 positions 🙂 🙂
TQQQ
#LongCalls #LEAPS – Just a small 3 lot that I haven’t added to yet. Rolling down next week’s short calls for a little extra credit…
Rolled TQQQ NOV 30 2018 52.5 Calls to NOV 30 2018 47.0 Calls @ .77 credit (second roll…2.52 credit total now)
DUST
View from the cheap seats…
Interesting that in spite of the imploding market today the chips held up pretty good. SMH and SOXL held their own and NVDA and AMAT were up nicely. Short covering or some bottom pickers snooping around?
OLED TQQQ LABU-LABD
#LongCalls #LongPuts #LEAPS #CoveredCalls – Was out nearly all day but had a couple fills from standing orders and the beginning of another experiment 🙂
OLED:
Bought to Close OLED NOV 23 2018 98.0 Calls @ .05 (sold for .65)
TQQQ:
Bought to Close TQQQ NOV 30 2018 55.0 Calls @ .05 (sold for 1.19) re-load tomorrow hopefully…
Risk reduction on one contract taking the small loss…
Bought to Close TQQQ JAN 18 2019 40.0 Put @ 3.50 (sold for 2.50)
LABU/LABD
One of my most frustrating positions so going to try something. Converting the LABU long LEAP calls to long LEAP puts on LABD. The built in drag should help this and the call side was approaching massive whipsaw risk with sales so far below the LEAPS. New position is out to 2020 instead of 2021. Collect as much premium as I can between now and then and then see where it stands.
To establish the new position, I sold the calls and bought whatever puts were the same price and just rolled the basis to the new position. Long 25 strike puts now so will be selling above those but not nearly the whipsaw risk that the call side had.
Long story short…about 30 cents a week on a 5 lot is the goal. Hopefully can get most of that.
O.T.
I will be here tomorrow but don’t expect to do anything. This is a really sick market. Who would have thought that the whole U.S. stock market is based on selling iphones. LOL.
There does not seem to be a FED put anymore so I am doing very little other than selling short dated calls against my long call leaps. I hope everyone has raised cash and is sitting on your hands.
TRADES:
DBX BTO STOCK @21.35
DBX STO 11/23/18 21.50 CALLS @.42
Happy Thanksgiving
Happy Thanksgiving to all, and my heartfelt thanks to Jeff for running this great site, and to everyone who contributes. In my world, I have zero people with which I can truly discuss any of this, so people here, in addition to seemingly like really good people, well, that’s what really matters.
TRTN #CoveredCalls BTC Dec 21…
TRTN #CoveredCalls
BTC Dec 21 35 covered calls @ .80 STO on Nov 7 @ 1.70…taking my 50.4%.
ADSK earnings analysis
#Earnings $ADSK reports tonight. Below are details on earnings 1-day moves over the last 12 quarters.
Decent premium available outside the recent maximum moves.
Aug. 23, 2018 AC 15.32% Biggest UP
May 24, 2018 AC -4.44%
March 6, 2018 AC 14.87%
Nov. 28, 2017 AC -15.85% Biggest DOWN
Aug. 24, 2017 AC 3.94%
May 18, 2017 AC 14.69%
March 2, 2017 AC -2.29%
Nov. 29, 2016 AC -3.52%
Aug. 25, 2016 AC 8.11%
May 19, 2016 AC -2.31%
Feb. 25, 2016 AC 3.58%
Nov. 19, 2015 AC -2.94%
Avg (+ or -) 7.66%
Bias 2.43%, positive bias on earnings.
With stock at 122.50 the data suggests these ranges.
Based on current IV (expected move per TOS): 109.95 to 135.05
Based on AVERAGE move over last 12 quarters: 113.25 to 132.03
Based on MAXIMUM move over last 12 Q’s (15.9%): 103.20 to 142.08
Open for requests on other symbols.
BBY earnings were this morning
That’s an error on the side chart… $BBY announced this morning, NOT later today.
#earnings #shortstrangles DE Sold Dec….
Sold Dec. 21 115/165 for 1.53, DE is at 138.
SPX 1-dte
#SPXcampaign Sold to Open $SPX Nov 21st 2550/2570-2740/2460 condors for .85. Expires tomorrow.
TT Cherry Picks w/Holiday Schedule
https://tinyurl.com/ydb987du
TNA STO TNA Apr18’19 40…
TNA
STO TNA Apr18’19 40 PUT $2.80
Options Bistro 