Daily Archives: Tuesday, May 14, 2019
SFLY WK Roll Calls / BURL AMD Covered Calls / BA Roll down Short Calls
#coveredcalls
$SFLY BTC 5/17 45 call and STO 5/17 42.50 call for 1.60 added credit. Plan is to have stock taken away.
$WK BTC 5/17 55 call and STO 6/21 60 call at .30 credit.
$BURL STO 5/17 160 call at 1.70. Again, want the stock taken away. Please nobody acquire it tonight. 😉
$AMD STO 5/17 27.50 call at .47. Thank you @honkhonk81
#shortcalls
$BA BTC 5/17 400 call and STO 5/24 360 call at .95 credit. Sold against long leaps.
BABA TLRY Earnings
#Earnings – Just can’t find anything I like. Hoping for some weakness to set up for NTES, NVDA and BIDU later this week. Off to work…have great night!
SPX 1-dte
#SPX1dte Sold to Open $SPX May 15th 2770/2790-2885/2905 condors for 1.15 (IV: 15.16%, SPX 2850)
TNA
#CoveredCalls – The pullback this week has helped with the ITM call rolling. Finally getting these out of the hole a little…
Rolled TNA MAY 17 2019 54.0 Calls to JUN 21 2019 56.0 Calls @ .40 credit
Rolled TNA MAY 17 2019 56.0 Call to JUN 14 2019 58.5 Call @ .20 credit
#earnings M
Sold June 21, 20/25 strangle for 1.01. I have 100 assigned shares with a basis of 36 from a year ago. Thanks again Jeff.
M earnings analysis
#Earnings $M reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 26, 2019 BO +1.47%
Nov. 14, 2018 BO -7.18%
Aug. 15, 2018 BO -15.94%
May 16, 2018 BO +10.82%
Feb. 27, 2018 BO +3.46%
Nov. 9, 2017 BO +10.98%
Aug. 10, 2017 BO -10.24%
May 11, 2017 BO -17.00% Biggest DOWN
Feb. 21, 2017 BO -0.03%
Nov. 10, 2016 BO +5.60%
Aug. 11, 2016 BO +17.08% Biggest UP
May 11, 2016 BO -15.16%
Avg (+ or -) 9.58%
Bias -1.35%, negative bias on earnings.
With stock at 21.75 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 19.68 to 23.82
Based on AVERAGE move over last 12 quarters: 19.67 to 23.83
Based on MAXIMUM move over last 12 Q’s (17.1%): 18.04 to 25.46
Open to requests for other symbols.
NTES
This was supposed to be an #Earnings trade but not worth the risk now. Taking the 24 hour profit and maybe pick a new strike later for the announcement.
Bought to Close NTES MAY 17 2019 230.0 Put @ .90 (sold for 3.00)
A TRADE:
AMD STO 5/17/19 ATM 27.0 CALLS @.56 I also have some 28.0 Covered calls, the stock now is covering the 27.0 Calls
#earnings M
Can you show data for Macy’s? Thank you
TRADES:
PBYI BTC 5/17/19 20.0 CALLS @.05
PBYI BTC 5/17/19 21.0 CALLS @.05
LYFT STO 5/17/19 48.0 PUTS @70
REGN
#CoveredCalls – Selling at the expected move…
Sold REGN MAY 31 2019 325.0 Call @ 2.00
#earnings BABA
Sold June 21, 145/200 strangle for 1.76. Thanks for the data Jeff.
GOOGL out
#Earnings Looks like I picked the wrong week for a #RevengeTrade.
After losing on an earnings condor I sold the $GOOGL ITM May 17th 1220/1120 put spread for 7.75 on May 3rd. I managed to get out for 8.55 by legging out, which I can assure you is not a relaxing endeavor with options that cost 80.00. I will look to take advantage of the next bull run, but not gonna mess with it now.
#assignment AVGO
I was assigned AVGO from a May 17, 320 put that was part of an earnings iron condor from March 14. I had an inverted strangle after some adjusting, current cost basis is 298.97 which includes a short 300 call. It’s a good day to be assigned, AVGO up around $5 to 298.
BABA earnings analysis
#Earnings $BABA reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 30, 2019 BO +6.33% Biggest UP
Nov. 2, 2018 BO -2.41%
Aug. 23, 2018 BO -3.15%
May 4, 2018 BO +3.52%
Feb. 1, 2018 BO -5.90% Biggest DOWN
Nov. 2, 2017 BO -0.68%
Aug. 17, 2017 BO +2.77%
May 18, 2017 BO +0.45%
Jan. 24, 2017 BO +3.06%
Nov. 2, 2016 BO -2.60%
Aug. 11, 2016 BO +5.08%
May 5, 2016 BO +3.96%
Avg (+ or -) 3.33%
Bias 0.87%, positive bias on earnings.
With stock at 172.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 163.16 to 181.84
Based on AVERAGE move over last 12 quarters: 166.76 to 178.24
Based on MAXIMUM move over last 12 Q’s (6.3%): 161.58 to 183.42
Based on DOWN Max only (-5.9%): 162.32
Open to requests for other symbols.
Options Bistro 