Micro E-mini Futures

#Futures – Just stumbled across this on twitter…

https://www.cmegroup.com/cme-group-futures-exchange/micro-futures.html

micro

IRBT LULU NFLX SPX

Few trades today:

STO $IRBT 5/31 75/85 bups @1.10
STO $LULU 6/19 145/155 bups @1.65
STO $NFLX 5/24 325/335 bups @.75
STO $SPX 5/20 2865/2880/2785/2800 IC @1.35 – just expired valueless.

BA put spread

Looking at the recent lows from last week and putting on a $BA 330/320 bull put spread for 1.50 credit. Short strike at 20 delta, and below lows from from 5/13-5/15. A test of of those lows back into the 330s and I’ll cut bait.

AVGO

AVGO down 19 today to 270 or so, was over 320 a couple weeks ago

#coveredcalls OIH SYMC MAT AA

Replacing Friday’s expirations
OIH June 21, 16 calls for .23
SYMC June 21, 21 call for .33, added a 19 put for .24
MAT June 21, 11.50 call and a 10 put for .47
AA June 21, 26 call for .31

A TRADE:

AMD BTC 5/24/19 28.5 CALLS @.12 STO @.67

A TRADE:

AMD BTO STOCK 1/2 Position @26.90 Now have a position and a half.

TRADES:

AMD STO 5/24/19 26.5 PUTS @.61
AMD STO 5/24/19 27.0 PUTS @.80

HD earnings analysis — INTERESTING

This is the first time I remember seeing this, but the expected move is LESS than the 12-quarter historical move MAXIMUMS. $HD has moved very little on recent earnings, but current IV projects it to move more than it has since Nov 2015.

#Earnings $HD reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.

Feb. 26, 2019 BO -0.88%
Nov. 13, 2018 BO -0.23%
Aug. 14, 2018 BO -0.53%
May 15, 2018 BO -1.62%
Feb. 20, 2018 BO -0.13%
Nov. 14, 2017 BO +1.63% Biggest UP
Aug. 15, 2017 BO -2.65% Biggest DOWN
May 16, 2017 BO +0.59%
Feb. 21, 2017 BO +1.41%
Nov. 15, 2016 BO -2.56%
Aug. 16, 2016 BO -0.60%
May 17, 2016 BO -2.46%

Avg (+ or -) 1.27%
Bias -0.67%, negative bias on earnings.

With stock at 192.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 185.43 to 198.57
Based on AVERAGE move over last 12 quarters: 189.55 to 194.45
Based on MAXIMUM move over last 12 Q’s (2.7%): 186.91 to 197.09
Based on UP Max only (+1.6%): 195.13

Open to requests for other symbols.

BA

STO January 250 puts @ 4.10