#CoveredCalls – Late fill. Now looking to sell something for earnings next week…
Bought to Close REGN MAY 03 2019 352.5 Call @ .05 (sold for 2.45)
Daily Archives: Thursday, May 2, 2019
Rolled TNDM Puts
#shortputs
$TNDM BTC 5/3 68.50 puts and STO 5/17 65 puts for 1.80 debit. Credit through five rolls is now $4.00 per contract.
I’d like it to expire before I run out of credit. Stock currently at 62.76
Everything old is new again
In case you haven’t noticed the new replacement symbol for the old VXX (VXXB) has been renamed back to VXX as of yesterday. Now let’s get it back down to 10-15 so it can reverse split again. Oh and it can take it’s defanged cousin (UVXY) down there with it.
#ironbutterfly UVXY
TastyTrade idea sold June 21, 21/34/34/40 for 6.36
SPX 1-dte
#SPX1dte Sold $SPX May 3rd 2850/2870-2945/2965 condors for .80 (IV: 12.84%, SPX 2914)
#earnings #doublecalendar GILD
Trying the double calendar a week out, bought May 10/May 17 for .37.
#earnings MNST ATVI
MNST Sold June 21, 50/65 strangle for 1.10.
ATVI TastyTrade follow, sold June 21, 45/55 strangle for 2.25
INTC
BTO #Fuzzy
May 17 51 Call STO 51/50 BuPS .62
IRBT seems like the ideal…
IRBT seems like the ideal option to trade. I’ve only done the BuPS though. The option doesn’t use much margin/purchasing power, premiums are good, and the theta is high’ish. What more can an option trader ask for?
I’m ITM on 103 & 104 short legs in BuPs’s, ;>) , and I can close it out at a profit.
#earnings OLED
Sold June 21, 110/210 strangle for 1.50. Thanks for the data Jeff.
MNST of a trade
#Earnings Bought to Open $MNST May03/May10 58 #DoubleCalendar for .29.
#shortstrangles #closing TSLA
April 26, sold June 21, 160/325 strangle for 3.55, bought today for 2.40.
SPX stopped
#SPX1dte Stopped $SPX May 8th 2890/2865 put spread for 5.80. Condor sold for 4.55 on Monday. Been getting whipsawed on these medium-term condors. Small losses but certainly annoying. The 1-day jobbers are easier.
SQ
#ShortPuts – Starter position out to June…13% annualized.
Sold SQ JUN 21 2019 60.0 Puts @ 1.06
Here comes the drop
Are we really that scared of interest rates?
A TRADE:
AAOI STO 5/10/19 13.0 CALLS @.52 Low margin usage.
TRADES:
IRBT STO 5/10/19 101/96 BuPS @1.13
IRBT STO 5/10/19 100/95 BuPS @1.10
IRBT STO 5/10/19 102/97 BuPS @1.75
MNST earnings analysis – trying again
#Earnings $MNST reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Tried for a dbl cal last quarter but the big move shut me out. However, it is such a cheap play that I’ll try again.
Feb. 27, 2019 AC +8.66%
Nov. 7, 2018 AC -3.16%
Aug. 8, 2018 AC +2.65%
May 8, 2018 AC -7.47%
Feb. 28, 2018 AC -14.43% Biggest DOWN
Nov. 8, 2017 AC +1.17%
Aug. 8, 2017 AC -1.14%
May 4, 2017 AC +3.30%
March 1, 2017 AC +12.75%
Nov. 3, 2016 AC -3.55%
Aug. 4, 2016 AC +2.47%
April 29, 2016 BO +12.81% Biggest UP
Avg (+ or -) 6.13%
Bias 1.17%, positive bias on earnings.
With stock at 57.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 53.57 to 61.43
Based on AVERAGE move over last 4 quarters: 53.98 to 61.02
Based on MAXIMUM move over last 4 Q’s (14.4%): 49.20 to 65.80
Based on UP max only (12.8%): 64.87
Open to requests for other symbols.
TRADES:
IRDM STC STOCK @27.40 Took a .38 loss.
IRBT BTC 5/3/19 105.0 CALLS @.95 Profitable though. Wanted to release the stock from being covered.
IRBT STO 5/10/19 110.0 CALLS @.70
OLED earnings analysis – big mover
#Earnings $OLED reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 21, 2019 AC +23.03%
Nov. 1, 2018 AC -20.50% Biggest DOWN
Aug. 9, 2018 AC +13.54%
May 3, 2018 AC +12.43%
Feb. 22, 2018 AC -15.81%
Nov. 2, 2017 AC +9.52%
Aug. 3, 2017 AC -1.30%
May 4, 2017 AC +23.87% Biggest UP
Feb. 23, 2017 AC +20.08%
Nov. 3, 2016 AC +2.98%
Aug. 4, 2016 AC -8.01%
May 5, 2016 AC -0.76%
Avg (+ or -) 12.65%
Bias 4.92%, positive bias on earnings.
With stock at 161.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 143.24 to 179.7682
Based on AVERAGE move over last 4 quarters: 141.07 to 181.93
Based on MAXIMUM move over last 4 Q’s (23.9%): 122.95 to 200.05
Based on DOWN max only (-20.5%): 128.39
Open to requests for other symbols.
IRBT Moving.
IRBT Moving.
UVXY
#DiagonalBearCallSpreads – Bought to Close UVXY MAY 3 2019 42.5 Calls @ .05 (sold for 1.50)
Options Bistro 