#SPX1dte Sold to Open $SPX May 22nd 2805/2825-2895/2915 condors for .95
Also, sold a wider condor, legging in…
Yesterday, sold May 31st 2725/2700 put spreads for 2.10
Today, sold May 31st 2920/2945 call spreads for 3.00
Daily Archives: Tuesday, May 21, 2019
A TRADE:
JWN STO 5/24/19 36.5 PUTS @.82
Closing a VXX position
Sold to close $VXX 5/31 32/27 bear put spread @ 3.90. Bought for 2.50 on 5/9.
TRADES:
JWN STO 5/24/19 39.0 CALLS @.82
JWN STO 5/24/19 35.5 PUTS @.62 Got a 1.44 to shield me for 3 days.
#earnings WSM
Jeff do you have Williams-Sonoma data, looks to be an earnings mover? Thanks
TRTN
January 17, 2020 options opened.
#ironcondor sort of VXX
TastyTrade idea sold June 21, 22/27 short put spread and bought 27/30 long call spread for .65 credit. makes money at the next trade talks are going badly tweet
A TRADE:
PBYI STO 5/24/19 16.0 ITM CALLS @.50 Stock was at 16.10
Will cover with stock @16.50
#coveredcalls AVGO
Sold June 7, 297.50 call for 1.00. I have 100 assigned shares with a new cost basis of 297.97, which wasn’t too bad when I was strong armed in acquiring them, stock now at 275. This expiration is just before earnings, and likely just before a 2.65 dividend as well. I’d prefer not to be owning this high priced stock.
#earnings #closing MPC
May 7, sold a June 21, 50/65 strangle for 1.31, bought today for 1.04, probably the wrong time to be out of an oil stock but taking the small profit.
AMD
BTO (aka buy/write) $AMD stock + Jun 19 $30 Calls @ 26.65
TRADES:
AMD STO 5/24/19 27.5 CALLS @.44 Covered
AMD STO 5/24/19 28.0 CALLS @.25 Covered
LOW dub cal
#Earnings Bought to Open $LOW May24/May31 110 #DoubleCalendar for .50.
A TRADE: IPO’ish
JMIA STO 6/21/19 30.0 CALLS @1.20 Easy on margin.
ADDED: 1 Contract
BIDU STO 5/24/19 117/114 BuPS @.66
LOW earnings analysis
#Earnings $LOW reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 27, 2019 BO +2.46%
Nov. 20, 2018 BO -5.65%
Aug. 22, 2018 BO +5.79%
May 23, 2018 BO +10.42% Biggest UP
Feb. 28, 2018 BO -6.47% Biggest DOWN
Nov. 21, 2017 BO -1.06%
Aug. 23, 2017 BO -3.70%
May 24, 2017 BO -3.02%
March 1, 2017 BO +9.51%
Nov. 16, 2016 BO -2.93%
Aug. 17, 2016 BO -5.64%
May 18, 2016 BO +3.32%
Avg (+ or -) 5.00%
Bias 0.25%, no significant bias on earnings.
With stock at 109.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 103.05 to 114.95
Based on AVERAGE move over last 12 quarters: 103.55 to 114.45
Based on MAXIMUM move over last 12 Q’s (10.4%): 97.64 to 120.36
Based on DOWN Max only (-6.5%): 101.95
Open to requests for other symbols.
A TRADE:
BIDU STO 5/24/19 115/112 BuPS @.51 1 contract to test the waters. ;>)
HD
Well, that trade did not work out. I bought the 92.5 strangle for May 24 at 6.50 and sold it for 5.80 this morning. it was only 1 contract so I can live with the loss.
Options Bistro 