Platform upgrade

Tradestation released version 10. For anyone using it I suggest you update. Faster, more stable, looks like easier trading and all your tools will automatically transfer, just make sure you click yes for the import. Looks like they are trying to catch up with TOS.

Cheers!

Closings from today

Bought to close the following:
$NVDA Dec 21 120 puts @ .06. Sold for 1.25 on 11/16.
$NVDA Jan 18 110 puts @ .20. Sold for 1.47 on 11/16.
$UVXY Dec 7 70/80 BeCS @ .04. Sold for 1.25 on 11/6.
$UVXY Jan 18 2019 75 call @ 1.30. Sold for 4.35 on 10/4.
$BA Dec 21 305/300 BuPS @ .09. Sold for 1.27 on 11/19.
$AMZN Dec 21 1470/1450 BuPS @ .31. Sold for 3.41 on 11/12.
$SOXL Dec 21 85 put @ .84-.85. Sold for 5.40-5.67 on 10/10.

#shortcallspreads WWE sold Dec. 21,…

#shortcallspreads WWE

sold Dec. 21, 75/80 call spread for 1.50

SPX 1-dte

#SPX1dte My spread for today, Dec 3rd 2620/2640-2850/2870 condors, sold Friday for .95, will expire.

Sold $SPX Dec 5th 2715/2735-2830/2850 condors for .85. Expire tomorrow, the 4th, due to market closure on Wednesday.

Went from 210 points wide, down to 85.

Stock Market Closed this Wednesday

I am trying to determine when Wednesday SPX options will now settle. I have heard that it will be tomorrow, Tuesday, but have not confirmed.

https://www.marketwatch.com/story/what-george-hw-bushs-funeral-means-for-stock-market-bond-traders-commodities-2018-12-03/print

#earnings #shortstrangles DG Playing the…

#earnings #shortstrangles DG

Playing the 5 day averages, sold Dec. 21, 101/123 for 1.52. Thanks Jeff

UVXY

#LongPuts #LEAPS #ShortCalls – Selling small against short puts….

Bought to Close UVXY DEC 7 2018 60.0 Call @ .17 (sold for 2.30)

Sold UVXY DEC 14 2018 50.0 Call @ 2.42

EWW

#LongCalls #LEAPS – Over sales so getting out of the way…

Bought to Close EWW DEC 14 2018 44.0 Calls @ .30 (sold for .48)

GLD

#LongCalls #LEAPS – Over sales so getting out of the way…

Bought to Close GLD DEC 14 2018 120.0 Calls @ .14 (sold for .46)

SOXL

STO February 150 calls at 3.50, thanks to Jeff for the idea. Since I am short the 80 puts in May, his should work out.

DG earnings analysis

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

Aug. 30, 2018 BO -0.97%
May 31, 2018 BO -9.36%
March 15, 2018 BO 4.75%
Dec. 7, 2017 BO 2.77%
Aug. 31, 2017 BO -5.43%
June 1, 2017 BO 6.54%
March 16, 2017 BO 0.53%
Dec. 1, 2016 BO -4.96%
Aug. 25, 2016 BO -17.62% Biggest DOWN
May 26, 2016 BO 4.61%
March 10, 2016 BO 10.66% Biggest UP
Dec. 3, 2015 BO 4.23%

Avg (+ or -) 6.04%
Bias -0.35%, no significant bias on earnings.

Since it’s only Monday, I checked the 5-day moves… the most down was -15.6%, so less than 1-day, and the most up was 14.1%, more than the 1-day.

With stock at 111.00 the data suggests these ranges.
Based on current IV (expected move per TOS): 103.49 to 118.51
Based on AVERAGE move over last 12 quarters: 104.30 to 117.70
Based on MAXIMUM move over last 12 Q’s (17.6%): 91.44 to 130.56

Open for requests on other symbols.

AZO earnings analysis

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

Sept. 18, 2018 BO -1.97%
May 22, 2018 BO -9.48%
Feb. 27, 2018 BO -11.06%
Dec. 5, 2017 BO 0.42%
Sept. 19, 2017 BO -5.00%
May 23, 2017 BO -11.84% Biggest DOWN
Feb. 28, 2017 BO -0.58%
Dec. 6, 2016 BO 0.43%
Sept. 22, 2016 BO -0.42%
May 24, 2016 BO 2.47%
March 1, 2016 BO 2.06%
Dec. 8, 2015 BO 5.83% Biggest UP

Avg (+ or -) 4.30%
Bias -2.43%, negative bias on earnings.

Since it’s only Monday, I checked the 5-day moves… the extremes were LOWER than the 1-day moves, meaning extreme 1-day moves tend to fade over the following few days.

With stock at 815.00 the data suggests these ranges.
Based on current IV (expected move per TOS): 771.48 to 858.52
Based on AVERAGE move over last 12 quarters: 779.98 to 850.02
Based on MAXIMUM move over last 12 Q’s (11.8%): 718.50 to 911.50

Open for requests on other symbols.

SOXL call

#ContangoETF Sold to Open $SOXL Feb 150 call for 4.50. Against Feb 75 short put.

#rolling #coveredcalls WYNN Rolled Dec….

#rolling #coveredcalls WYNN
Rolled Dec. 7, 106 call to Dec. 21 for .65. WYNN is up 11 to 120.

#shortstock #shortputs CAKE Nov. 16,…

#shortstock #shortputs CAKE

Nov. 16, sold 100 shares short for 47.95 and sold a covered put for .85.
Nov. 30 bought the put for .65
Today, bought to cover 100 shares at 46.06.

SVXY

STO December 14, 52.5 calls @ .90 cents replacing the 51 calls that expired on Friday. Just chipping away at this one.