#coveredcalls
$NFLX BTC 2/1 360 calls and STO 2/1 252.50 calls at added .50
#doublecalendar
$INTC STC 2/1 51 put at 4.50 Trade ended up losing only $15 per contract and I tried something new. Thank you @jeffcp66
#bullcallspreads
$WYNN BTO 4/18 115/130 BUCS at 6.25
#Earnings Bought to open $GLW Feb 1st 30 straddle for 1.92. I only need around the average move on this to be profitable.
Went to Feb. 15, sold 125/130/130/135 for 2.13, works if it’s within the averages. Thanks Jeff
#SPX1dte closed last batch for .35. Definitely missed my chances for higher profit, but still another win. It will be interesting to see how this will work on a flat day. It will be a losing trade, but will be able to recoup some of the debit in the morning as put premium is usually still hanging on.
Condors bought Friday for .70. Sold today for 1.20, avg price.
If anyone is bored…LOL
https://go.topgunoptions.com/ft
#Earnings $GLW reports tomorrow morning. Below are details on earnings FIVE-day moves over the last 12 quarters.
***NOTE: These are 5-day moves, since options traded for earnings will expire on Friday.
Tue 10/23/2018 BO -0.45%
Wed 07/25/2018 BO +12.44% Biggest UP
Tue 04/24/2018 BO -0.99%
Tue 01/30/2018 BO -8.68%
Tue 10/24/2017 BO +5.01%
Wed 07/26/2017 BO -8.96%
Tue 04/25/2017 BO +4.83%
Tue 01/24/2017 BO +7.71%
Tue 10/25/2016 BO -5.06%
Wed 07/27/2016 BO +2.34%
Tue 04/26/2016 BO -10.96% Biggest DOWN
Tue 01/26/2016 BO +11.03%
Avg (+ or -) 6.54%
Bias 0.69%, slight positive bias on earnings.
With stock at 30.30 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 28.33 to 32.27
Based on AVERAGE move over last 12 quarters: 28.32 to 32.38
Based on MAXIMUM move over last 12 Q’s (12.4%): 26.53 to 34.07
Open for requests on other symbols.
#earnings GLW
Jeff-do you have GLW data? Thanks
Converted SPX Jan28 2625/2620 put side to Jan28 2630/2625/2620 fly @ 1.55. With credit received on IC, net debit is 1.05 per lot x6. This either locks in a loss or a possible profit if SPX closes between 2625 and 2630. Decision made on breach of 2625 level and then waited for bounce to enter.
Defending every other trade is getting old so will probably stay on sidelines or use long ICs as @jeffcp66 is doing. All depends on the HV/IV ratio on SPX after today.
#Earnings $BIIB reports tomorrow morning. Below are details on earnings FIVE-day moves over the last 12 quarters.
***NOTE: These are 5-day moves, since options traded for earnings will expire on Friday.
Tue 10/23/2018 BO -4.87%
Tue 07/24/2018 BO -4.95%
Tue 04/24/2018 BO +6.75%
Thu 01/25/2018 BO +3.46%
Tue 10/24/2017 BO -6.33% Biggest DOWN
Tue 07/25/2017 BO +0.96%
Tue 04/25/2017 BO -2.04%
Thu 01/26/2017 BO +1.03%
Wed 10/26/2016 AC -5.49%
Thu 07/21/2016 BO +9.50% Biggest UP
Thu 04/21/2016 BO +7.13%
Wed 01/27/2016 BO +5.07%
Avg (+ or -) 4.80%
Bias 0.85%, slight positive bias on earnings.
With stock at 333.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 316.16 to 349.84
Based on AVERAGE move over last 12 quarters: 317.02 to 348.98
Based on MAXIMUM move over last 12 Q’s (9.5%): 301.37 to 364.64
Open for requests on other symbols.
#SPX1dte Sold a third of the $SPX Jan 28th 2620/2600 put spreads for 2.00. Condors bought for .70 on Friday.
Options Bistro 