Expirations

#optionsexpiration
Full Profit
$SQ 65/70 BUPS
$AAP 140/150 BUPS
$SPX 2690/2710/2810/2790 1 DTE IC I love using codes.
$T 29 Short Call
$FB 165 call (Covered)
$EXAS 85 put
$HIIQ 31 put Thank you @fuzzballl
$HIIQ 33 put
$HIIQ 38 put Thank you @honkhonk81
$TNDM 43 put
$KEM 17 put
$NVDA 140 put Earnings trade

Full Loss
$CRM 145/140 BECS

NVDA

#Earnings #CoveredCalls #ShortPuts – A few more in this one…

Bought to Close NVDA FEB 15 2019 150.0 Put @ .01 (sold for 4.50)
Sold NVDA MAR 15 2019 145.0 Put @ 2.46

Rolled a covered call out a few weeks…

Rolled NVDA FEB 15 2019 148.0 Call to MAR 08 2019 150.0 Call @ 1.50 credit (picking up 3.50 of upside)

Final Trades and Expirations

#Earnings Sold to close $UAA Feb 15th 21 calls for .16. This was a sad one; bought the #LongStraddle for 2.50… the swings this week afforded opportunities to cut the loss to less than half, but my orders barely missed getting filled again and again. So although I did sell a few for 1.60, the stock ended the week right at my strike… not good for a long straddle!

#CoveredCalls #Assignment $PVTL stock called away via 18 and 19 calls. This was a September earnings trade, was assigned at 22.50 and through multiple rounds of covered calls I’m exiting at about break-even.

#DoubleCalendar Taking assignment of $NTAP stock, cost basis 64.79.

#IronCondor Closed $DECK short 145 calls for 1.30. Was able to exit some at .50 and .20, so overall this trade will be a small winner or a small loser across my accounts. Condor sold for .86 on Jan 31st.

Double Calendar performance

#Earnings #DoubleCalendar Here’s the performance this quarter of double calendars. It is performing better than last quarter, with over $1,700 in profit, using 5-lots.

NOTE: NTAP here is accounted as full loss, even though I will probably hold stock in to next week.
NOTE ALSO: INTC here is accounted as taking stock assignment and then closing all a week later. What I actually did was close only half, and converted the other half of stock into a #PieTrade.

Screen Shot 2019-02-15 at 12.18.46 PM

AMAT closed

#Earnings Sold to close $AMAT Feb15/Feb22 #DoubleCalendar for .28. Bought yesterday for .52. Couldn’t get off its ass enough to make it a winner.

DE put spread

A little bit closer to the money than I normally would sell but my thesis is the stock’s post-earnings selloff momentum has slowed. Short strike is around the 50 day moving average, around 3 points lower than the stock price.
Sold $DE Mar 15 155/150 BuPS @ 1.32. Delta of the short strike 37.

SPX 1-dte

#SPX1dte Expiring: $SPX Feb 15th condor, sold yesterday for .85

Sold to Open $SPX Feb 19th 2705/2725-2800/2820 condors for 1.05 (IV: 7.7%, SPX 2768)

SPX ATM put spread closed

#SPX1dte Bought to close $SPX Feb 20th 2725/2700 put spread for 1.30. Sold for 8.40 on Feb 5th. Sold this as Upside Warning was firing, and sat through an uncomfortable dip before it came through. I don’t know how much more steam this rally has, so I’m taking it off to avoid weekend risk.

Taking off AMZN put spread

Closing position to guard against an afternoon pullback. Bought to close $AMZN Feb 15 1590/1580 BuPS @ .19. Sold for 2.05 on 2/4.

Econ Calendar for week of 2/18/19

FOMC minutes at 2pm ET on Wednesday

Screen Shot 2019-02-15 at 10.22.16 AM
Screen Shot 2019-02-15 at 10.22.16 AM

Link to calendar: https://us.econoday.com/byweek.asp?day=18&month=2&year=2019&cust=us&lid=0

A TRADE: A recent falling knife.

SLDB BTO STOCK @8.15

TAPped out

$Earnings Closed $TAP Feb15/Feb22 65 #DoubleCalendar. I needed to close the puts, tried to play the swings but then stock started rallying so took an additional .30 loss on the exit. Calendar bought for .34 on Monday.

WMT earnings analysis

#Earnings — $WMT reports Tuesday morning (after Monday holiday). Below are details on earnings one-day moves over the last 12 quarters.

Nov. 15, 2018 BO -1.96%
Aug. 16, 2018 BO +9.33%
May 17, 2018 BO -1.90%
Feb. 20, 2018 BO -10.17% Biggest DOWN
Nov. 16, 2017 BO +10.89% Biggest UP
Aug. 17, 2017 BO -1.58%
May 18, 2017 BO +3.22%
Feb. 21, 2017 BO +2.99%
Nov. 17, 2016 BO -3.08%
Aug. 18, 2016 BO +1.87%
May 19, 2016 BO +9.58%
Feb. 18, 2016 BO -3.01%

Avg (+ or -) 4.97%
Bias 1.35%, positive bias on earnings.

With stock at 99.30 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 95.03 to 103.57
Based on AVERAGE move over last 12 quarters: 94.37 to 104.23
Based on MAXIMUM move over last 12 Q’s (10.9%): 88.49 to 110.11

Open to requests for other symbols.

Rolling LABU Covered Calls

#rolling
$LABU BTC 2/15 51.5 call and STO 2/22 54 call at .16 credit

CSCO closed

#Earnings Sold to Close $CSCO Feb15/Feb22 47.5 #DoubleCalendar for .30. Bought for .18 on Wednesday. Stock came down enough for a small profit, but was too far from strike to make it a good one.

SVXY

Rolled the 41 calls that expire today out to the June 42 calls for a credit of .15 cents. It is very hard to get any premium on the rolls.

Just a thought for anyone…

Just a thought for anyone thinking about shorting the market now, I heard somewhere yesterday that there is a record amount of cash on the sidelines. As they pile on market highs that will squeeze out any shorts lefts.

Just an FYI.

#earnings NVDA Bought March 15,…

#earnings NVDA

Bought March 15, 120/185 strangle for 1.10, sold yesterday for 1.61

SPY

Closed #Fuzzy $2.35 BTO yesterday .90

1 DTE #fuzzy
274/274/273.5 $.90

NTAP dub cal

#Earnings #DoubleCalendar Was assigned stock on over half of my position in $NTAP; Feb 15th 68 short puts. I just sold the Feb 22nd LONG puts for 3.60. I will now watch for some intraday strength in the stock to sell the stock, as well as cover the remaining short puts that were not assigned. If I can net a .39 difference (the price of the original double calendar), the trade will be breakeven. Higher and it will turn a profit.

NTAP dub cal Possible danger…

NTAP dub cal

Possible danger of the dub cal’s! Last night I was assigned the 68 Puts.

Jeff, how do you change the font size?