#rolling
$BURL BTC 4/5 155 call and STO 4/18 160 call at .03 debit. Stock at 156.50
$TQQQ BTC 4/18/56 call and STO 5/17 58 call at .35 added credit. Sold against 1/2020 66.67 call. Stock at 60.48
#shortcalls
$SFLY STO 4/18 42.50 call at .60 (Covered)
January, February and March set up U.S. stocks to move higher in the rest of 2019, if history is any guide. The S&P 500 Index rose in all three months this year for the 20th time since 1950, according to data compiled by Bloomberg. Gains for April through December followed in each of the earlier years except 1987, when stocks crashed in October. The average advance in the nine-month period was 9.5 percent. April and the second quarter were above average for those years as well, Ryan Detrick, a senior market strategist at LPL Financial, wrote Tuesday in a Twitter post based on the three-month performance.
#bullcallspreads
$CRM BTO 5/17 150/165 BUCS at 8.36
On the $TSLA intraday recovery sold 4/18 250/240 BuPS @ 1.77
Afternoon Finally hit the right sequence of keys and some how managed to get the posting screen. Hopefully I can repeat the secret sauce later. Great calendar seminar Jeff. Caught most of it. Sold MU April 12th 45 C @ .35. Sold ERX April 12th 23.5 C @ .30. Sold NUGT April 12th 20 C @ .25 but closed them at @ .41 with the stock at 19. I will resell later.
#SPX1dte Sold $SPX Apr 5th 2825/2845-2910/2925 condors for .95 (IV: 10.36% SPX: 2877)
#ShortPuts – Cleaning up one more…
Bought to Close SOXL APR 18 2019 110.0 Put @ .25 (sold for 2.70)
#Earnings #DoubleCalendar Sold to close $STZ Apr5/Apr12 180 dbl cals for .51 (avg price). Bought yesterday for .785
As I commented below, today’s action is an indication that earnings released in the AM may tend to have more intraday movement than those that report the night before. This is because the conference call will start or continue into the trading hours. For reports in the afternoon, all of the info has been absorbed over night and that could mean less movement.
So, waiting this morning was not such a good idea, because with the perfect opening we need to grab the profit before the ongoing conference call affects the price.
#ShortPuts – Looking to get back in this one so freeing up more buying power….
Bought to Close LABU APR 18 2019 45.0 Put @ .20 (sold for 2.70)
#ShortPuts – Second time in it since earnings so playing it safe…
Bought to Close NTES APR 26 2019 220.0 Put @ .15 (sold for 3.20)
TSLA
STO TSLA Apr18’19 225 PUT 1.24
STO TSLA Apr26’19 220 PUT 2.38
AMD BTC 4/5/19 30.5 CALLS @.03
#ShortPuts #Earnings – Not waiting around another 2 weeks for 15 cents…
Bought to Close STZ APR 18 2019 170.0 Put @ .15 (sold for 2.20)
STO Apr 26 177.5/175 BuPS .91 2x on down grade
Sold $LYFT 5/17 80/90 BeCS @ 1.45
STO Apr 5 275/277.5 BeCS $.38
A TRADE: Not great it looks like at this time. ;>)
SYNA BTO STOCK @39.32
Very interested in how we manage this Dbl Calendar, looking good.
Do we close early on a nice pop or roll shorts out a week and 5 points away?
#coveredcalls
$GOOS STO 4/5 49 call at .65
$BURL STO 4/5 155 call at 1.00
#shortputs
$OLED BTC 4/15 135/145 BUPS at .50 STO on 3/20 for 1.35
$NTNX STO 4/5 37.50 put at .65. Looking to acquire stock.
#SPX1dte #VIXIndicator No upside warning today so I’m selling both sides:
Sold $SPX April 12th 2800/2825-2910/2935 condors for 6.30 (IV 11.82%, SPX 2875)
#ShortPuts – Just for something to do. Going out to April monthly….
Sold 1 STZ APR 18 2019 170.0 Put @ 2.20
#Webinars #Earnings #DoubleCalendar Please include any questions in the comments below!
#Earnings #DoubleCalendar Bought to Open $STZ Apr05/Apr12 180 dbl cal for .78 & .80.
NTNX DAY TRADE MADE .10 PER CONTRACT ;>)
Bought to close $CAT 4/18 130/120 bull put spread for .43. Sold for 1.62 on 2/26.
Bought to close $DIS 4/18 106/101 bull put spread for .30. Sold for 1.07 on 3/20.
NTNX BTO STOCK @37.50 A day or swing trade.
Link for today’s webinar is below!
Topic: Double Calendars on Earnings
Time: Apr 3, 2019 11:00 AM Pacific Time (US and Canada)
Join Zoom Meeting
https://zoom.us/j/558920979
AMD STO 4/5/19 31.5 NTM CALLS @.46
e
Still trying to buy with a discount so far no luck yet
SYNA STO 4/5/19 40.0 PUTS @.60 To buy stock a little cheaper.
NTNX STO 4/5/19 37.5 PUTS @.65 To buy stock etc.
#shortputspread VXXB
Sold May 17, 21/26 for .98, bought the 21 just cuz
#Webinar I’ll be holding a webinar later today on #DoubleCalendar earnings trades. It will be either live or recorded, depending on how smoothly I can get the software operating. Either way, it WILL be recorded for future viewing, so don’t worry if you miss it. Shooting for 2pm ET, 11am PT.
#Earnings $STZ reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 9, 2019 BO -12.41% Biggest DOWN
Oct. 4, 2018 BO +5.38%
June 29, 2018 BO -1.78%
March 29, 2018 BO +5.31%
Jan. 5, 2018 BO -0.21%
Oct. 5, 2017 BO +5.41%
June 29, 2017 BO +9.75%
April 6, 2017 BO +9.60%
Jan. 5, 2017 BO +0.47%
Oct. 5, 2016 BO +0.07%
June 30, 2016 BO +6.37%
April 6, 2016 BO +13.07% Biggest UP
Avg (+ or -) 5.82%
Bias 3.42%, strong positive bias on earnings.
With stock at 177.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 167.70 to 187.30
Based on AVERAGE move over last 12 quarters: 167.17 to 187.83
Based on MAXIMUM move over last 12 Q’s (13.1%): 154.30 to 200.70
Based on DOWN max only (-12.4%): 155.47
Open to requests for other symbols.
#SPX1dte Closed Z$SPX Apr 3rd 2885/2895 all spreads for 1.60. Condors sold yesterday for 1.15, so .45 loss. Too tight with the low IV.
Sold to close $VXXB 4/5 33/28 bear put spread @ 4.09. Bought for 2.50 on 3/22.
#shortcalls
$TNDM 4/12 62 calls at 2.00 Covered and I would not mind getting out at this price plus premium
$T BTC 4/18 31 and STO 4/26 33 call at .45 cost. Also, $T BTC 4/18 31 calls at .75 (Covered) Stock at 31.665
#SPX1dte Sold $SPX April 3rd 2820/2840-2885/2895 condors for 1.15. (IV 8.55% SPX 2866)
Also BTC Apr 5th 2865/2890 call spreads for 9.70. I’m eating a day to roll this. If we get $VIX closes below 13.55 today and tomorrow, it should mean a push in the short-term toward 2900. I’ll sell aggressively based on tomorrow’s action.
STO August 75 puts @3.10
RH STO 4/5/19 99/95 BuPS @.55 An add to a 100/97 BuPS
#Earnings $SIG reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
I have never traded this, but it is a big mover
Dec. 6, 2018 BO -18.04%
Aug. 30, 2018 BO +23.84% Biggest UP
June 6, 2018 BO +18.39%
March 14, 2018 BO -20.22%
Nov. 21, 2017 BO -30.39% Biggest DOWN
Aug. 24, 2017 BO +16.66%
May 25, 2017 BO -7.75%
March 9, 2017 BO +8.72%
Nov. 22, 2016 BO +2.14%
Aug. 25, 2016 BO -12.62%
May 26, 2016 BO -10.49%
March 24, 2016 BO +2.88%
Avg (+ or -) 14.35%
Bias -2.24%, negative bias on earnings.
With stock at 27.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 23.31 to 31.69
Based on AVERAGE move over last 12 quarters: 23.56 to 31.44
Based on MAXIMUM move over last 12 Q’s (30.4%): 19.14 to 35.86
Based on UP max only (+23.8%): 34.06
Open to requests for other symbols.
#coveredcallcampaign SYMC
Rolled April 18, 23 call to May for .72, Tradewise trade
STO October 45 puts @ 1.14
#shortcallspreads
$CMG STO 4/18 730/720 BECS at 2.75 Bridget at OMM
#shortcalls
Rolled
$LABU BTC 4/5 58.5 calls and STO 4/12 61.50 calls for debit of .60 Stock At 59.49
$SYNA BTC 4/5 39 calls and STO 4/12 40.50 calls for debit of .54 Stock At 39.87
SYNA STC 7/8 Of one position @40.43 Still have a full position. Will look to buy back stock @1% over what I sold it for,……..or before, seems to be consolidating in the 40.50’s. We’ll see. ;>)
#markettide
Who do I contact at AlphaShark to get our pricing for MarketTide?
#SPXdte Pressured on the upside this week… BTC $SPX April 1st 2855/2875 call spreads for 4.40. Condors sold Thursday for 1.00. Should have closed this Friday.
Also rolling the April 5th call spread I have. No trade yet.
I’m going to start watching Market Tide indicator more to help guide these trades. I’m putting up /ES 1-hour and 10-min charts, since these are mostly 1-day trades with a few that are 1-5 weeks out.
Anyone prefer $SPY to /ES for the Tide?
Options Bistro 