#DiagonalBearCallSpreads – Taking some more risk off…
Bought to Close UVXY APR 18 2019 47.5 Call @ .18 (sold for 2.00)
Monthly Archives: April 2019
#Coveredcalls NUGT bought to close…
#Coveredcalls NUGT bought to close my April 18th 23 calls for .03. Will look to cover up again on a bounce.
NVDA
STC NVDA #supercharger Apr 12 182.5/185.0 Calls $2.40 bought 4-8 for 1.95
STC RH #Supercharger May 17 110/115 Calls $3.15 bought Apr 8 for 2.40
TLT Put #Supercharger Apr 18 125/123 Puts $1.26 bought 4-1 for $.86
so far so good. I called them #supercharger but they could be called #bitties
and MarketTide is helping
NVDA
#ShortPuts #IRA – Bought to Close NVDA APR 26 2019 165.0 Put @ .25 (sold for 3.01)
TRADES:
AMD STO 4/12/19 28.0 ATM PUTS @.45 Expires tomorrow. Want the stock a little cheaper.
CZR STO 4/18/19 9.5 ITM PUTS @.40
SPX 1-dte
#SPX1ste Sold $SPX Apr 15th 2830/2850-2920/2940 condor for 1.25 (IV 7.23%, SPX 2890)
With low IV and sideways market, placing today’s trade a bit earlier and more aggressively than usual.
STZ
STC 192.5/190Puts #supercharger $1.60 opened 4-8 for $1.18
found this with my new MarketTide.
PNC (slightly) bearish condor
#Earnings Sold $PNC Apr 12th 124/127-128/131 #IronCondor for 2.00.
Risking 1.00 to make 2.00. Sightly bearish due to its recent history.
Be wary of the banks?
https://www.wsj.com/articles/no-spring-thaw-in-store-for-banks-11554908159
PNC earnings analysis
#Earnings $PNC reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
Comparing 1-point-wide, 3-point-wing #IronCondor trades, PNC comes out with a much better R/R than does $JPM. PNC has a slightly lower average move, but weighted toward downside.
Jan. 16, 2019 BO +0.07%
Oct. 12, 2018 BO -5.58% Biggest DOWN
July 13, 2018 BO +0.23%
April 13, 2018 BO -4.11%
Jan. 12, 2018 BO +0.23%
Oct. 13, 2017 BO -1.12%
July 14, 2017 BO -0.11%
April 13, 2017 BO -0.17%
Jan. 13, 2017 BO +0.72% Biggest UP
Oct. 14, 2016 BO +0.10%
July 15, 2016 BO -0.96%
April 14, 2016 BO -0.56%
Avg (+ or -) 1.16%
Bias -0.94%, negative bias on earnings.
With stock at 128.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 124.74 to 132.26
Based on AVERAGE move over last 12 quarters: 127.01 to 129.99
Based on MAXIMUM move over last 12 Q’s (5.6%): 121.33 to 135.67
Based on UP max only (+0.7%): 129.43
Open to requests for other symbols.
JPM earnings analysis
#Earnings $JPM reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 15, 2019 BO +0.73%
Oct. 12, 2018 BO -1.09%
July 13, 2018 BO -0.45%
April 13, 2018 BO -2.70% Biggest DOWN
Jan. 12, 2018 BO +1.65%
Oct. 12, 2017 BO -0.28%
July 14, 2017 BO -0.91%
April 13, 2017 BO -1.17%
Jan. 13, 2017 BO +0.53%
Oct. 14, 2016 BO -0.32%
July 14, 2016 BO +1.51%
April 13, 2016 BO +4.23% Biggest UP
Avg (+ or -) 1.30%
Bias 0.14%, no significant directional bias on earnings.
With stock at 106.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 104.08 to 108.92
Based on AVERAGE move over last 12 quarters: 105.12 to 107.88
Based on MAXIMUM move over last 12 Q’s (4.2%): 102.00 to 111.00
Based on DOWN max only (-2.7%): 103.62
Open to requests for other symbols.
Expiration
BBBY
BTO #Fuzzy Apr 18 19.5C-19.5P+19.0P $1.16
Max loss 1.66 Profit unlimited, chart looks good
UVXY
#DiagonalBearCallSpreads – Making room for the next sale…
Bought to Close UVXY APR 12 2019 47.5 Call @ .05 (sold for 2.00)
#pietrades AMAT STO the 9…
AMAT STO the 9 DTE 41.5 put at 0.70. Will let assign if ITM or roll depending on where it is next week.
SPX 1-dte call side closed
#SPX1dte BTC $SPX April 10th 2900 calls for .10. Closing before FOMC minutes released at 2p ET. Condor sold for .80 yesterday.
Getting out of my LYFT
Bought to close $LYFT 5/17 80/90 BeCS @ .60. Sold for 1.45 on 4/4.
A TRADE:
YETI STO 4/18/19 31.5 CALLS @.80 Gave it to me without haggling, stock probably going up. ;>)
NTES
Following Fuzzball with a small twist. I am going to take a chance on the earnings on May 13th.
BTO June 270 call @ 2.25 x1
STO June 290 call @11.40 x1
STO June 250 puts @ 8.75 x2
A TRADE:
SYNA STO 4/18/19 38.5 CALLS @.35
This market is going no…
This market is going no where and difficult trading
A TRADE:
AMD BTO STOCK @28.0
NTES
#ShortPuts #IRA – Biggest loser on my watchlist today. Selling a little more aggressively than usual but still at the expected move and at the 50ma and down in congestion. Most importantly, this is the week prior to earnings. 30 days out and just prior is one of my favorite sales. Get good decay and still have the earnings volatility to roll (or sell) into.
Sold 1 NTES MAY 10 2019 250.0 Put @ 3.80
18.8% annulized…
Morning Yesterday I closed my…
Morning Yesterday I closed my MU April 12th 45 Calls for .01 as they wouldn’t trade any lower. I have an order in to sell the April 18th 44 Calls at .35.
A TRADE:
NTNX BTO STOCK @39.18
A TRADE:
YETI STO 4/18/19 30.0 PUTS @1.45 Not for the faint hearted.
BBBY earnings analysis
#Earnings $BBBY reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 9, 2019 AC +16.55% Biggest UP
Sept. 26, 2018 AC -20.99% Biggest DOWN
June 27, 2018 AC -3.81%
April 11, 2018 AC -19.95%
Dec. 20, 2017 AC -12.49%
Sept. 19, 2017 AC -15.87%
June 22, 2017 AC -12.12%
April 5, 2017 AC +3.38%
Dec. 21, 2016 AC -9.17%
Sept. 21, 2016 AC +0.74%
June 22, 2016 AC +1.50%
April 6, 2016 AC +0.32%
Avg (+ or -) 9.74%
Bias -5.99%, strong negative bias on earnings.
With stock at 18.90 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 16.52 to 21.28
Based on AVERAGE move over last 12 quarters: 17.06 to 20.74
Based on MAXIMUM move over last 12 Q’s (13.1%): 14.93 to 22.87
Based on UP max only (+16.6%): 22.03
Open to requests for other symbols.
Jeff
Have you experimented with Dbl Cal like Option Slam calls Double eagle?
Doug Robertson did these when he was with John Carter.
LABU
#ShortPuts #CoveredCalls – I’m short a DITM covered call out in June so turning it into a covered strangle with a put sale. Hoping this takes some heat. Filled immediately so maybe could’ve done better.
Sold 1 LABU JUN 21 2019 45.0 Put @ 2.65
Closed Early SPX OKTA LULU / Rolled TNDM / Short Calls GOOS
#spxcampaign
BTC 4/12 2935/2019 BECS at 2.00 STO at 3.41 Thank you @jeffcp66
BTC 5/17 75 put at .80. STO 1/22 at 7.70. Thank you @jsd501 for following the chart and sharing.
$LULU BTC 4/18 170/175 BECS at .80. STO 3/28 at 2.18
#rolling
#shortputs
$TNDM BTC 4/12 68.50 and STO 4/18 68.50 put for additional .53 credit
#shortcalls
$GOOS STO 4/12 49 call at .60 (covered)
A TRADE: I call it…
A TRADE: I call it a covered combo mambo strangle. ;>) = Long stock, short a put and a call.
NVTA BTO STOCK @24.97
NVTA STO 4/18/19 25.0 CALLS @1.00
NVTA STO 4/18/19 25.0 PUTS @1.05 3 Day’s and an hour to expiration.
SPX 1-dte
#SPX1dte Sold $SPX Apr 10th 2825/2845-2900/2925 condors for .80. (IV: 8.99%, SPX: 2877)
UVXY call spread
Sold $UVXY 5/24 45/55 bear call spread @ 1.34
A TRADE: Boring day.
AMD STO 4/12/19 28.0 NTM CALLS @.30
T Earnings
#ShortPuts #Earnings – Re-loading for earnings…
Sold T APR 26 2019 31.5 Puts @ .51
Tradestation issues
Obviously they do not understand options. Received an immediate margin call notice on my QQQ spread I opened yesterday. Telling me I need $2000 per spread even though I was long the 175 QQQ 2020 and short next Friday 184.5 calls. No risk since my long is a lower strike than the short and I still have a positive cash balance.
Anyway, apparently this changed 2 years ago from what the margin dept. told me. Stick with TOS or the other platforms that understand how to calculate option risk. Had not done spreads in this account in a while so FYI!!
With that said, closed the QQQ #fuzzy for basically the cost of commissions, out $24. Now I can’t trade until tomorrow because they reset cash values at midnight.
The more I try other platforms the more I realize how good TOS is :).
#closing WYNN In August I…
#closing WYNN
In August I was assigned on a 155/165 put spread. Through all sorts of wrangling and dividends I was able to get the basis down to 136. Closed out today, making a little over $200. The takeover announcement, earnings coming up and being in the black led me to close the position.
Taking another stab at GE…
Taking another stab at GE #shortputs. STO May24 8.5 puts for .33, right at 30 delta.
Closing TSLA
Bought to close $TSLA 4/18 250/240 BuPS @ .80. Sold for 1.77 on 4/4.
SOXL
#ShortPuts – Starting a new position. Hoping to average down a couple times.
Sold 1 SOXL MAY 17 2019 120.0 Put @ 3.13
T puts
#ShortPuts #PieTrades Sold $T July 32 puts for 1.50.
T
#CoveredCalls – Thought I might sneak by on this one but no. Called away early with the ITM calls next week and ex-dividend today. Lost the divvy but a decent gain. Earnings on the 24th so will re-load with any more weakness.
Sold T stock @ 31.00 (basis 29.63)
DAL earnings analysis
#Earnings $DAL reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 15, 2019 BO +0.16%
Oct. 11, 2018 BO +3.56%
July 12, 2018 BO +1.78%
April 12, 2018 BO +2.93%
Jan. 11, 2018 BO +4.76% Biggest UP
Oct. 11, 2017 BO +0.70%
July 13, 2017 BO -1.76% Biggest DOWN
April 12, 2017 BO -0.52%
Jan. 12, 2017 BO -1.06%
Oct. 13, 2016 BO +1.88%
July 14, 2016 BO +3.58%
April 14, 2016 BO +0.93%
Avg (+ or -) 1.97%
Bias 1.41%, strong positive bias on earnings.
With stock at 57.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 54.79 to 59.21
Based on AVERAGE move over last 12 quarters: 55.88 to 58.12
Based on MAXIMUM move over last 12 Q’s (13.1%): 54.29 to 59.71
Based on DOWN max only (-1.8%): 56.00
Open to requests for other symbols.
WYNN
Up 8 days in a row and 15 of the last 18!
TRADES:
HIIQ STO 4/18/19 27.0 PUTS @1.50
HIIQ STO 4/18/19 28.0 CALLS @120 Like the company, not the stock. ;>)
A TRADE: Another
NTNX STO 4/12/19 38.5 CALLS @.40 Took 2 hours to get done.
#earnings First Quarter I put…
#earnings First Quarter
I put on 38 earnings trades Jan-April 1, 5 were losers, GS being an $800 loser. A few are still out there being rolled, including KR, EA, LRCX , AVGO, LULU and GLW. Most of the trades were strangles and iron condors out several weeks after the earnings dates, plus a few double calendars.
SPX 9-dte
#SPX1dte Another roll: Sold $SPX Apr 17th (weekly) 2815/2840-2925/2950 condors for 4.95.(IV: 10.38%, SPX: 2893)
Also expiring today: Apr 8th 2835/2855-2915/2925 condors, sold Friday for .70.
MarketTide
Finally got this study and am setting it up.
Thanks all for the help.
UVXY
#DiagonalBearCallSpreads #TakeOneForTheTeam – Let’s see if we can stir up some volatility…
Sold UVXY MAY 3 2019 42.5 Calls @ 1.50
BA
#ShortPuts #IRA – Back in again…
Sold 1 BA MAY 24 2019 325.0 Put @ 3.70
REGN
#ShortPuts #IRA – Selling just below the 200 ma and a week prior to earnings. Besides BA this is the biggest drop on my watchlist today.
Sold 1 REGN APR 26 2019 380.0 Put @ 3.50
#earnings #rolling EA Rolled an…
TRADES:
SYNA STO 4/12/19 35.5 PUTS @.25 Delta .19
NTNX STO 4/12/19 36.5 PUTS @.45 Delta .35
BA
STO January 300 puts @ 10.30 with stock at 376, BAC downgraded the company.
TRADES:
AMD STO 3/12/19 29.0 CALLS @.52
SYNA STO 31218 38.5 CALLS @.45
Old school trade
#fuzzy
QQQ Jan 2020 175/184.5 4/18 for 16.72 debit. Plan is to roll/adjust/close depending on where it is next week.
#pietrades
LNG STO the 4/12 67.5 put for 0.80. Cost basis 66.7 if assigned.
Morning. Rolled my April 12th…
Morning. Rolled my April 12th 21 short calls out a week and up to 23 for a debit of 0.26. This takes my short call above my exit target of 22.80.
Theater of the Absurd
https://www.zerohedge.com/news/2019-04-07/welcome-theater-absurd-most-jawboned-market-history
Expiration
#OptionsExpiration – Just a couple. Letting some stock go for nice gains. Need a pullback to get back in with dwindling inventory.
TNA called away @ 60.0 (basis 55.95)
TQQQ called away @ 50.0 (basis 44.10)
#optionsexpiration #pietrades EOG batch 2…
#pietrades
EOG batch 2 assigned at 89 at a cost basis of 92.63. This is a small account and I plan to take it to spreads to juice returns so just wanted to take the loss so I can redeploy capital on Monday.
EOG batch 1 I rolled up to the 97 cc for next week at 6.75 and after selling the 97 for 1.35 cost basis 96.14. I never figured out why it spiked so much yesterday?
FAS 57 cc assigned at cb of 54.20.
ERX 23 cc rolled 2 weeks for 0.5 credit. Cb 21.81
LNG 4/12 67 put sold for 0.54 yesterday.
#lizardpies
EXPE rolled on 4/3 to 37 DTE 113/130/131 for additional credit. Total credit now 3.84 per contract
EXAS STO the 89 put for 4/12 for 1.01, then converted to #jadelizard yesterday 89/89/90 for another 0.6 credit.
SMH closed 4/3 for 0.45 credit per contract
JPM closed 4/4 for 1.08 credit per contract
SQ rolled out to 4/12 for 1.26 credit at 76/76/76.5 strikes. cb 74.74 if assigned.
TNA 60 rolled to 4/12 62.5/62.5/63 for 1.1 credit.
#fuzzy
GILD 65/65 cb at 6.39
GILD 65/65 rolled out 37 DTE yesterday for 1.07 credit. Cb now 7.34
1 more week of surgical recovery then back to work but trading full time the last few weeks has been more than I would make at work so good to know for retirement. However, I am really looking forward to some solid food!
Expiration SPX GOOS / NTNX Put Assigned
#optionsexpiration
#spxcampaign
$SPX 4/5 2685/2710/2925/2910 Thank you @jeffcp66
#coveredcalls
$GOOS 49 call
#assignment
$NTNX 37.50 put assigned. Basis 36.85 Price 37.17
NUGT
Sold April 12th 21 calls @ .24
Have a great WE, Thanks…
Have a great WE, Thanks Jeff great job
GOOGL
BTO Apr 12 1210/1207.50 BePS $1.14 #supercharger
going down in an up market
SPX 1-dte
#SPX1dte Sold $SPX Apr 8th 2835/2855-2915/2925 condors for .70 (IV: 6.21%, SPX: 2889)
Off topic
This is a boring day so I will entertain you with my latest problem. It seems that someone set up a FL corporation using my name and address in January of this year. I found out about it by the letters from other services trying to sell them services that came to my address. Any way, I posted a notarized letter on the corporate site at the Dept. of Corporation stating that this was not me and probably a fraud. I then froze my credit and now will wait to see what happens.
TRADES: Rolled out
NTNX BTC 4/5/19 37.5 PUTS @.50
NTNX STO 4/12/19 37.5 PUTS @1.10 .60 Credit
TRADES: Risky
HIIQ STO 4/19/19 28.0 NTM CALLS @1.20
YETI STO 4/12/19 29.5 NTM PUTS @1.05
Everything is Awesome
$SPY – Initial Claims Suggest Significant New Highs For S&P 500 https://t.co/QPUL5fNze8
— Seeking Alpha (@SeekingAlpha) April 5, 2019
TRADES:
NTNX STO 4/12/19 NTM 38.0 CALLS @.60
AMD STO 4/12/19 29.5 NTM 29.5 CALLS I’ll see if it works next week, like it did this week.
Econ calendar for week of 4/8/19
Jerome Powell gets yappy next week
Link to calendar: https://us.econoday.com/byweek.asp?day=8&month=4&year=2019&cust=us&lid=0
T puts closed
#ShortPuts #PieTrades BTC $T April 18th 31 puts for .15. Sold for 1.60 on Jan 22nd.
Replicated my Oct 24th-Jan 18th successful trade. This time it was Jan 22nd to April 18th.
Assignment would be fine on a high-div tock, becomes a PieTrade with covered calls.
I will look to sell July puts in the coming days.
Morning. Closed my short ERX…
Morning. Closed my short ERX calls at 0.55. I’m going to sit back and cover up later. I’m a bit too enthusiastic on placing trades.
March Jobs Report
#Jobs Improvement over February lows
+196,000 non-farm payroll jobs, vs. 175K expected
Unemployment at 3.8%, unchanged
U6 unemployment at 7.3%, unchanged
Wages up 0.1%, 3.2% year over year
Labor force participation 63.0%, down by 0.2
February revised up from 20K to 33K
January revised up from 311K to 312K
Options Bistro 