Events Wednesday

#Market Reminders for tomorrow:
GDP numbers at 8:30am ET
FOMC Meeting Announcement at 2pm ET

SPX 1-dte, short

#SPX1dte Sold to Open $SPX Jan 30th 2565/2585/2685/2705 iron condors for 1.00

I switched back to selling because IV on this chain is over 16% and HV dipped below IV.

#earnings #ironcondor BA Sold Feb….

#earnings #ironcondor BA

Sold Feb. 15, 335/340/390/395 IC for 1.31

EBAY earnings trade & analysis

#Earnings $EBAY reports tonight. Below are details on earnings one-day moves over the last 12 quarters.

Bought $EBAY Feb 1st 33.5 straddle for 2.23.

Oct. 30, 2018 AC +5.87%
July 18, 2018 AC -10.11%
April 25, 2018 AC -5.58%
Jan. 31, 2018 AC +13.82% Biggest UP
Oct. 18, 2017 AC -1.79%
July 20, 2017 AC -1.53%
April 19, 2017 AC -3.92%
Jan. 25, 2017 AC +4.99%
Oct. 19, 2016 AC -10.76%
July 20, 2016 AC +10.89%
April 26, 2016 AC +3.18%
Jan. 27, 2016 AC -12.45% Biggest DOWN

Avg (+ or -) 7.07%
Bias -0.62%, slight negative bias on earnings.

With stock at 33.60 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 31.39 to 35.81
Based on AVERAGE move over last 12 quarters: 31.46 to 36.24
Based on MAXIMUM move over last 12 Q’s (13.8%): 29.17 to 38.53

Open for requests on other symbols.

BA earnings trade

#Earnings Sold to Open $BA Feb 1st 345/350/380/385 #IronCondor for 1.78. About 3.8% on downside and 4.5% on upside.

SPX weeklies question

Does anyone know why SPX has an extra weekly expiration this week? There are options expiring Mon, Wed, Thurs, and Fri. That happens sometimes with monthly expiration but not usually at EOM.

#shortstrangles MU TastyTrade idea sold…

#shortstrangles MU

TastyTrade idea sold March 15, 33/42 strangle for 1.92