#hedge LULU
In addition to the May strangle I sold today, I have had an April 18, 130/135 short ratio put spread (2 short 130s, 1 long 135) trade put on March 1. LULU has been up and down, trade hasn’t been profitable. I bought a March 29, 120/130 put spread for 1.33. If LULU drops big I have some insurance, will be OK on a big rise, the short 130s will cover the hedge.
#ironcondor TSLA
Sold May 17, 215/220/320/325 for 1.83.
The pull back helped a few positions so rolling.
#lizardpies
SQ this week 76/76/76.5 rolled the puts to next week 4/5 to the 75.5 put for 0.08 credit. I will let the call side expire worthless then re-establish the #jadelizard on Monday. Cb now 74.14 on put side, no risk to upside.
STO the 4/5 XBI 86/86/86.5 jade lizard for 1.19 credit. Cost basis 84.81 on downside and no risk to upside. Skewed it slightly to downside in case market keeps going down. Anywhere above 86.5 make 0.69 per contract. Below will roll the puts.
#pietrades
EOG batch 1 rolled the 90.5 cc out 2 weeks to 4/11 for 1.05 credit. Cost basis down to 90.74. 1 more roll should be profitable.
Not having a lot of success with directional trades, but by having time to watch the market (not all day) I have been able to time my rolls better and make more income. Not sure I will ever be a full on directional trader. Even watching the 1 minute /ES chart, just missed the pivot.
#LongPuts – Lottery tickets here…
Bought CMG JAN 15 2021 210.0 Puts @ 1.70 and 1.85
#callbutterfly CMG
tastyTrade idea sold April 18, 715/725/725/745 for 1.00 (but 1, 715, sell 2, 725s, buy 1 745), CMG hovering around 700.
#SPX1dte Bought to close $SPX March 27th 2755 short puts for .10. Allowing remainder to expire. Condors sold yesterday for 1.20.
#LongCalls – Dr. J reporting unusual options activity with MS July 44 strike calls being bought. FAS will be back on the radar for some put sales. Would like to see it a little lower first…
#earnings FIVE
Sold April 18, 100/145 strangle for 1.17. Thanks again Jeff.
#DiagonalBearCallSpreads – Adding one more…
Sold UVXY APR 12 2019 47.5 Call @ 2.00
#shortputs
$BMY BTC 6/21 45 puts at 1.20 STO at 3.50 on Jan 4 Hearing the little footsteps of stock assignment.
$BIIB STO 4/18 215/225 BUPS at 2.15
#DiagonalBearCallSpreads – Setting up the short side to sell against again. Free 90 strikes in April and May now. Thanks @Iceman for the strateegery!
Sold 1 UVXY APR 18 2019 47.5 Call @ 2.00
Bought 5 UVXY MAY 17 2019 90.0 Calls @ .43
#earnings LULU
Sold May 17, 110/180 strangle for 1.97, thanks for the data Jeff.
#DiagonalBearCallSpreads – Bought to Close UVXY MAR 29 2019 48.0 Call @ .15 (sold for 2.35)
#CoveredCalls Sold to Open #INTC Apr 26th 54 covered calls for 1.61. These expire before the ex-div. Earnings date not confirmed, so it could be before or after this expiry.
#Earnings $FIVE reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
This stock is one of the most historically bullish movers on earnings.
Dec. 6, 2018Â BO -2.66%
Sept. 6, 2018Â AC +13.31%
June 6, 2018Â AC +21.86%
March 21, 2018Â AC +4.20%
Nov. 30, 2017Â AC -0.46%
Aug. 30, 2017Â AC -3.45%
June 1, 2017Â AC +0.50%
March 22, 2017Â AC +10.80%
Dec. 1, 2016Â AC +9.87%
Aug. 31, 2016Â AC -1.14%
June 2, 2016Â AC +2.07%
March 22, 2016Â AC +6.81%
Avg (+ or -) 6.43%
Bias 5.14%, strong positive bias on earnings.
With stock at 118.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 108.40 to 128.60
Based on AVERAGE move over last 12 quarters: 110.88 to 126.12
Based on MAXIMUM move over last 12 Q’s (21.9%): 92.60 to 144.40
Based on DOWN max only (-3.5%): 114.41
Open to requests for other symbols.
#Earnings $LULU reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Dec. 6, 2018Â AC -13.36%
Aug. 30, 2018Â AC +13.08%
May 31, 2018Â AC +16.31%
March 27, 2018Â AC +9.21%
Dec. 6, 2017Â AC +6.42%
Aug. 31, 2017Â AC +7.19%
June 1, 2017Â AC +11.54%
March 29, 2017Â AC -23.43%
Dec. 7, 2016Â AC +15.04%
Sept. 1, 2016Â AC -10.55%
June 8, 2016Â BO +4.90%
March 30, 2016Â BO +10.71%
Avg (+ or -) 11.81%
Bias 3.92%, positive bias on earnings.
With stock at 144.550 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 130.30 to 158.70
Based on AVERAGE move over last 12 quarters: 127.43 to 161.57
Based on MAXIMUM move over last 12 Q’s (23.4%): 110.64 to 178.36
Based on UP max only (+16.3%): 168.07
Open to requests for other symbols.
Options Bistro 