#LongCalls #LongPuts #LEAPS #CoveredCalls – Out most of the day but got a few trades in…
OLED: Adding…
Sold OLED DEC 21 2018 104.0 Calls @ 1.05
TNA: Covered calls…
Bought to Close TNA DEC 14 2018 65.0 Calls @ .05 (sold for 2.36)
Sold TNA JAN 18 2019 60.0 Calls @ 2.15
UNG:Sold against long puts…
Bought to Close UNG DEC 14 2018 31.5 Puts @ .05 (sold for .41)
PBYI Just noticed that it hit a new high today, 24.87, since the beginning of November. Have stock, short calls and puts.
DBX STO 12/14/18 22.5 CALLS @.40 wcin Will cover if necessary.
DBX STO 12/21/18 23.5 CALLS @.40 COVERED
BTO STOCK @23.77 An add to sell premium.
PBYI STO 12/21/18 24.0 CALLS @1.30
PBYI STO 12/14/18 25.0 CALLS @.55
WDC #doubledip #fuzzy
Rolled the 11 DTE 40/47 down to 11 DTE 42.5 for 1.04 credit. cb now 20.09. 109 weeks to manage but this one has been such a dog lately I will probably scratch it once I can break even.
#LongStock #Dividends
Bought $AAPL stock for 168.00. Starter position. Seems like a possible bottom, so reentering the stock after selling my position on October 5.
#LongLEAPs #SyntheticCoveredCalls
Sold $TQQQ Dec 14th 47 calls for .80
With the pound taking a beating, I decided to sell some premium via put spreads in a couple of IRA accounts. The buying power of naked puts would be much too high so I bought cheap wings to create a synthetic short put with a potential 11% ROC in 40 days. Delta of the short strike is 30.
#LongLEAPs #SyntheticCoveredCalls
Sold $SQ Dec 14th 66 calls for .72.
#SPX1dte Closed $SPX Dec 10th 2710 calls for .05, and the 25120/2490 put spreads for .10. Condors sold for 1.00 on Friday. Next one will be sold tomorrow for Wednesday expiration.
#Earnings $SFIX reports tonight. Below are details on earnings 1-day AND 5-day moves over its entire history (only 4 quarters). I included both 1 & 5 because of the significant differences in the moves.
NOTE: Stock has had wide swings in the days after earnings, and in last few days. This morning it was up 5.5% only 15 minutes into today.
Oct. 1, 2018 AC 1-day: -35.15%; 5-day: -41.07% Biggest DOWN
June 7, 2018 AC 1-day: +20.21%; 5-day: +22.42%
March 12, 2018 AC 1-day: +3.77%; 5-day: -15.42%
Dec. 19, 2017 AC 1-day: +39.39%; 5-day: -0.57% Biggest UP initially, but all given back in 5 days.
Avg (+ or -) 1-day : 24.63%; 5-day: 19.99%
Bias 1-day: +7.06%; 5-day: -8.66%, positive bias in 1 day; negative bias in 5 days.
With stock at 28.00 the data suggests these ranges.
Based on current IV (expected move into Friday’s expiration per TOS): 21.87 to 34.13
Based on AVERAGE move over last 12 quarters: 1-day: 21.10 to 34.90; 5-day: 22.44 to 33.56
Based on MAXIMUM move over last 12 Q’s: 1-day (39.4%): 16.97 to 39.03; 5-day (41.1%): 16.50 to 39.50
Open for requests on other symbols.
Options Bistro 