Back at work so have not had time to update. Managed to get a few trades in. This is update of current positions.
Tues. STO IBB 107.5 5/3 put for 1 right before the medicare for all gave all the biotechs and insurers a haircut. Will be adjusting this for a few weeks.
IWM STO the 5/10 152 put for 1.21 today. May convert to #lizardpies depending on market moves
LNG 67.5 put was rolled down last week for cost basis of 66.8. Need to adjust and exp. 5/3.
AMAT 43.5 CC expires next week. cb 42.55
ERX 23 cc expires today/assigned and cb 21.81
LNG batch 2 same as above but cb 67.15. Had a better fill.
TNA expiring today 65 put rolled to next week 64 for 0.48 credit. Cb 63.52 if assigned but will manage
TQQQ 53.5 cc expires next week. 56.75 cb. I tried to roll it but the MM are being greedy bloodsuckers so will take the minor loss and use the money on something else.
AMAT 41.5 put expiring today rolled to 42.5 next week for 0.42 credit. Cb 42.08.
EXPE 113/130/131 for 5/10 credit now 3.84. Hope to close next week.
SQ 74/78/78.5 adjusted Tues for additional credit. 72.81 cost basis
GILD 65/65 cb down to 7.34
GILD batch 2 65/65 cb at 5.23
XBI 80/80/85 rolled today. Cb 8.96
I am trying a 21 DTE OTM experiment as I noticed while I was off OTM options usually crushed by over half from 21 DTE down to 14 DTE if they stayed OTM. Percentage wise much better than 45 DTE and really not to much closer to the money on strikes. Maybe 1-3. Will keep posted but I am hoping there will be a lot less adjusting. Adjustments just decrease profits. Will keep you posted.
Hoppy Easter everyone 🙂
$HIIQ 31 calls (covered)
$SFLY 42.5 calls (covered)
$BEAT 60 calls (covered)
$LABU 58.5 calls (covered)
$DELL 57.5 puts
$AMZN 1470/1490 BUPS
$AMZN 1840/1845 BUPS
$CMG 720/730 BECS
$PYX 25 puts
$HIIQ 39 and 40 puts
Thanks to all that make this forum compelling.
Have a Joyous Easter, a Happy Passover or just a plain fantastic weekend. Or choose all THREE! 😉
#Earnings Sold to close $AXP Apr18/Apr26 112 #DoubleCalendar for .69, .73, and .90. Bought for .48 yesterday.
I got .90 for one at the open… then waiting lowered the profit for the rest as the stock rose.
Closed $IBM dub cal for .03. Bought for .407 on Tuesday.
#SPX1dte Sold $SPX Apr 22nd 2855/2875-2930/2945 condors at .80 (IV: 5.49%, SPX: 2904)
Bought to close $UVXY 5/24 45/55 bear call spread @ .40. Sold for 1.34 on 4/9.
#Earnings Sold to close $HON Apr18/Apr26 162.5 #DoubleCalendar for .40. Bought yesterday for .55.
$AXP will be the profitable one… order in for 1.10, seeing if price can come to me, or I will lower my ask.
#SPX1dte Bought to close $SPX Apr 24th 2900/2875 put spreads for 5.35. Sold for 6.95 on Monday. Index has not performed well for being under a (minor) upside warning, and this spread has bounced in and out of profit. Taking the profit while I can.
#Earnings $ISRG reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 24, 2019 AC -3.93%
Oct. 18, 2018 AC -3.45%
July 19, 2018 AC -0.86%
April 17, 2018 AC +8.17% Biggest UP
Jan. 25, 2018 AC -2.12%
Oct. 19, 2017 AC +3.39%
July 20, 2017 AC -4.55%
April 18, 2017 AC +6.36%
Jan. 24, 2017 AC +5.09%
Oct. 18, 2016 AC -5.56% Biggest DOWN
July 19, 2016 AC +4.63%
April 19, 2016 AC +3.34%
Avg (+ or -) 4.29%
Bias 0.88%, slight positive bias on earnings.
With stock at 530.00 the data suggests these ranges:
Based on current IV (expected move into NEXT Friday per TOS): 497.67 to 562.33 (8 days, Friday)
Based on AVERAGE move over last 12 quarters: 507.28 to 552.72 (4 days, Monday)
Based on MAXIMUM move over last 12 Q’s (8.2%): 486.70 to 573.30 (4 days, Monday)
EIGHT-day max moves: UP: +9.8% (581.94), DOWN: -7.8% (488.66)
Open to requests for other symbols.
NVTA STO 5/17/19 ITM PUT @1.80 Risky
SKX STO 4/26/19 31.0 NTM PUTS @.55
Sold $XBI 5/17 77 puts @ 1.13 with XBI at 83.11. Delta 21.
#Earnings Closed $SKX 35 long puts for 5.00. Only got a couple closed before the crash. Now price has recovered some, so I will wait to see if it falls again. Otherwise, i’ll be disputing this and asking for at least 4.90. (Strangles bought for 4.15 yesterday).
Order in to close $AXP for 1.30. I show mid price as .90 currently.
$HON too high to close now, may take loss
$IBM also out of range.
SKX STO 4/28/19 32.5 CALLS @.65
SKX STO 428/19 32.0 CALLS @.66
Total Interactive Brokers meltdown on both my computers. Unable to execute trades and missed closings on several trades. On the phone with them for over an hour now.