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.
#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)
#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!
🙂
I’m looking at Strangles on $ANET, $BABA, and $OLED.
Considering double calendars on $EOG, $CVX, and $SBUX.
What else you looking at?
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.
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.
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!
#Earnings Bought to close $CI 200/222.5 strangles for .25. Sold yesterday for 1.97.
#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.
#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
#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!
#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.
#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
Options Bistro 