Hello all

#coveredcalls
I have been following along time permitting but no trading. I’m slowly getting the place back to normal. The crawl space is drained and mostly dry. I replaced all the insulation. Last bit is a new vapor barrier. A bunch of niggling back burner chores that had accumulated for years have been ground through. (The wife no longer puts them under my pillow). My other distraction as a property master and set designer for a film will wrap up mid March. I hope to ease back in to trading soon after. To that rebirth this morning I sold NUGT Mar 15th 27 Calls when NUGT was at 23.55 against my underwater stock that I was assigned what seems like eons ago at 26.50. Catch you all later.

EVTC Short Puts

#shortputs
$EVTC STO 3/15 30 put at 1.00. I sold partial stock position before earnings.

SPX 44-dte

#SPX1dte Selling a longer-term to make up for today’s loss and also for the helluvit.

Sold to Open $SPX April 5th 2525/2550/2925/2950 condors for 2.60. (IV 14.54%, SPX 2785)

BTO NSpC @ 24.84 divdend…

BTO NSpC @ 24.84 divdend pays quarterly ex date 2/28/
9.06% for year/.5625 a share

UVXY

#DiagonalBearCallSpreads – Selling diagonals against free March 90 short calls.

Bought to Close UVXY FEB 22 2019 57.5 Calls @ .02 (sold for 1.23)

I’ll be looking to sell again on any tiny little bounce in volatility…

NTES Earnings

#Earnings #JadeLizard – Haven’t had a chance to mess with much earnings this quarter other than NVDA last week. I’ll take a shot at NTES today with a slightly bearish play since the stock is up today and at resistance. Using a Jade Lizard (no upside risk). This position would need the stock to trade lower on the announcement but no lower than slightly more than the expected move (212.30 b/e). Worse case scenario it turns into a covered call position with nice weekly premium.

Sold NTES FEB 22 2019 217.5/232.5/237.5 Jade lizard @ 5.20

SQ calls closed

#LongLEAPs #SyntheticCoveredCalls Bougt to close $SQ Feb 22nd 77 calls for .50. Sold for 2.05 last Wednesday

#SPXcampaign

STO 29 MAR 2019 2580/2560 BuPS at $1.05

#bullputspreads, #spxcampaign

Exiting NTAP

#Earnings #LongStock #Assignment #DoubleCalendar
Sold half of my stock for 65.00 and 65.45. Assigned via 68 puts last week… cost basis 64.79. Looking to unload all of it; no interest in making this a longer term holding.

A TRADE:

PYX BTO STOCK @25.69 A starter.

Looking to add to HIIQ & SLDB on a pull back.

Rolling MU

Original trade was Mar 15 33/42 short strangle. On 2/6 I rolled the 33 puts up to 39 for 1.00 credit. Today I rolled the 39 puts up to 41.50 puts for .64 credit. Position is now a 41.50/42 strangle. Total premium taken in is 3.56.

#ironcondor AMZN #shortputspread NVDA AMZN…

#ironcondor AMZN #shortputspread NVDA

AMZN Following Mike at TastyTrade, sold April 18, 1480/1500/1800/1810 for 4.83
NVDA Trading Fuzzball’s fav-sold March 15, 140/145 for .57 (not selling naked 140 puts until I’m out of assigned positions in AAPL and WYNN).

NUGT Jun calls

Sold $NUGT Jun 21 35 calls @ 1.20. Adding to position at the highest strike.

NTES earnings analysis

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

Nov. 14, 2018 AC +5.31%
Aug. 8, 2018 AC -10.96%
May 16, 2018 AC -7.45%
Feb. 7, 2018 AC -6.27%
Nov. 15, 2017 AC +7.85%
Aug. 9, 2017 AC -9.77%
May 10, 2017 AC -0.82%
Feb. 15, 2017 AC +14.08% Biggest UP
Nov. 9, 2016 AC -9.22%
Aug. 17, 2016 AC -2.67%
May 11, 2016 AC +0.43%
Feb. 24, 2016 AC -14.80% Biggest DOWN

Avg (+ or -) 7.47%
Bias -2.86%, negative bias on earnings.

With stock at 234.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 216.53 to 251.47
Based on AVERAGE move over last 12 quarters: 216.52 to 251.48
Based on MAXIMUM move over last 12 Q’s (14.8%): 199.37 to 268.63

Open to requests for other symbols.

TNA

#LongCalls #LEAPS – Taking advantage of the never ending rise to get out of this at a tiny profit. Went long prior to the implosion but added the full position near the bottom. Ratio’d the call sales on the rise so happy to be out. Will look for a reset if we ever get a pullback.

Bought to Close TNA FEB 22 2019 49.0 Calls
Sold to Close TNA JAN 15 2021 70.0 Calls

#earnings AMZN Jan. 31, sold…

#earnings AMZN

Jan. 31, sold AMZN , March 15, 1490/1500 put spread for earnings for 1.27, closed today for .78.

FOMC minutes today

2pm ET