#VIXIndicator A Downside Warning is now in effect… look for continued drop, at least in the short term.
Daily Archives: Tuesday, May 7, 2019
A TRADE:
IRBT BTO STOCK @98.45
IRBT STO 98.5 5/10/19 CALLS @2.10
#shortputs IRBT
Sold June 21, 80 put for 1.27, thanks honkhonk
TRADES:
IRBT BTO STOCK @97.79
IRBT STO 5/10/19 98.0 CALLS @2.00
#earnings #closing AMD
AMD April 30 sold June 21, 27 straddle for 4.55, bought today for 3.91. I could have done better earlier, worried about a bigger drop.
SPX extra
#SPX1dte An extra bearish trade since that seems to be the new black:
Sold $SPX May 17th (weeklys) 2960/2985 call spreads for 3.15.
#earnings TRIP MPC
TRIP sold June 21, 45/65 strangle for 1.15
MPC sold June 21, 50/65 strangle for 1.31
SPX 1-dte
#SPX1dte — nice to have some volatility again, allowing for wider condor.
Sold $SPX May 8th 2780/2800-2930/2950 condors for 1.05, IV: 20.7%, SPX 2873.
EA earnings analysis
#Earnings $EA reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 5, 2019 AC -13.30% Biggest DOWN
Oct. 30, 2018 AC -4.05%
July 26, 2018 AC -5.70%
May 8, 2018 AC +5.74%
Jan. 30, 2018 AC +6.95%
Oct. 31, 2017 AC -4.28%
July 27, 2017 AC +0.55%
May 9, 2017 AC +12.65%
Jan. 31, 2017 AC -0.51%
Nov. 1, 2016 AC +1.64%
Aug. 2, 2016 AC +2.40%
May 10, 2016 AC +13.69% Biggest UP
Avg (+ or -) 5.96%
Bias 1.32%, positive bias on earnings.
With stock at 92.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 84.80 to 100.20
Based on AVERAGE move over last 12 quarters: 86.99 to 98.01
Based on MAXIMUM move over last 12 Q’s (13.7%): 79.84 to 105.16
Based on DOWN max only (-13.3%): 80.20
Open to requests for other symbols.
#earnings EA
I’m not afraid, sold June 21, 75/110 strangle for 1.58. As for WYNN, I am afraid.
FB BuPS
Sold $FB 6/21 180/170 bull put spread @ 1.71
#earnings #closing GILD
May 2, bought #doublecalendar in GILD for .37, May 10/17, sold today for .57.
TRADES: Last Friday was my…
TRADES: Last Friday was my best day of the year, Monday was my worst, be careful, risk management.
IRBT STO 4/10/17 ATM 101.0 CALLS @1.85 Covered
HIIQ STO 4/17/18 ATM 24.0 CALLS @1.90 Naked so far.
BA adding
Sold $BA 6/21 345/340 bull put spread @ 1.15
Options Bistro 