Sold $UVXY 7/19 50/60 bear call spread @ 1.15 with UVXY at 37.41.
Daily Archives: Thursday, May 23, 2019
SPX 1-dte
#SPX1dte Sold to Open $SPX May 24th 2735/2755-2860/2880 condors for .90 (IV: 16.11%, SPX 2820)
SPLK Earnings
#JadeLizard #Earnings – Almost identical to ADSK. This thing can go anywhere. If it tanks I’ll get the stock around the 50ma. A nickel of upside risk…
Sold SPLK MAY 24 2019 121/132/135 Jade Lizard @ 2.95
AMZN put spread
Sold $AMZN 6/21 1780/1770 bull put spread @ 3.38
Dub Cal updates
#Earnings Paid .02 to close the 110 put calendar on $LOW. It’s too low. Bought for .50 on Tuesday.
Sold to close half of the $CTRP May24/May31 38 #DoubleCalendar for .40. Bought yesterday for .26. Looking to close the rest when price drifts a bit higher, today or tomorrow.
Filled on more of the $INTU dub cal at 1.55. Still only partial fill, but I’m not going to go any higher.
I want to play $SPLK bullish but the market isn’t cooperating with my confidence.
Adding a BA call spread
Short puts breached on my 6/21 350/340 BuPS. Just sold a 370/380 BeCS @ 1.72 to bring in premium. Short strike at 24 delta. Will roll down the call spread if there’s further downside move in the stock.
SPX iron condor
Sold $SPX 6/10 2720/2695 BuPS + 2900/2935 BeCS @ 7.00 overall credit. Leaning a little big long with the short puts at 22 delta and the short calls at 12 delta.
ADSK Earnings
#JadeLizard #Earnings – Copy and paste from last earnings with slightly different strikes. Playing for a down move to no more than the 200ma.
#JadeLizard – This thing can go anywhere. If it tanks I’ll get the stock around the 50ma. No upside risk…
Sold ADSK MAY 24 2019 152.5/170.0/172.5 Jade Lizard @ 2.60
INTU earnings trade & analysis
#Earnings Bought $INTU May 24/May31 245 #DoubleCalendar for 1.50. Only a partial fill, and then price seems to be running higher. This is not heavy mover normally. Positioned slightly bullish since everything has pulled back today, and it has a bullish bias on earnings..
#Earnings $INTU reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 21, 2019 AC +6.76% Biggest UP
Nov. 19, 2018 AC -2.03%
Aug. 23, 2018 AC +1.96%
May 22, 2018 AC +2.98%
Feb. 22, 2018 AC -0.18%
Nov. 20, 2017 AC -3.79% Biggest DOWN
Aug. 22, 2017 AC -1.90%
May 23, 2017 AC +6.72%
Feb. 23, 2017 AC +6.05%
Nov. 17, 2016 AC +1.91%
Aug. 23, 2016 AC -3.50%
May 24, 2016 AC -2.13%
Avg (+ or -) 3.33%
Bias 1.07%, positive bias on earnings.
With stock at 242.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 253.87 to 276.61
Based on AVERAGE move over last 12 quarters: 234.43 to 250.57
Based on MAXIMUM move over last 12 Q’s (6.8%): 226.11 to 258.89
Based on maximum DOWN only (-3.8%): 233.31
Open to requests for other symbols.
UVXY vertical call spread
Sold $UVXY 6/28 (weekly) 40/50 bear call spread @ 2.00
SPLK earnings trade & analysis
#Earnings $SPLK reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 28, 2019 AC -0.90%
Nov. 29, 2018 AC +9.93%
Aug. 23, 2018 AC +14.81%
May 24, 2018 AC -5.20%
March 1, 2018 AC +9.26%
Nov. 16, 2017 AC +17.89% Biggest UP
Aug. 24, 2017 AC +8.47%
May 25, 2017 AC -6.97%
Feb. 23, 2017 AC -3.23%
Nov. 29, 2016 AC +0.41%
Aug. 25, 2016 AC -10.10% Biggest DOWN
May 26, 2016 AC +2.56%
Avg (+ or -) 7.48%
Bias 3.08%, strongly positive bias on earnings.
With stock at 131.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 121.63 to 140.37
Based on AVERAGE move over last 12 quarters: 120.28 to 139.72
Based on MAXIMUM move over last 12 Q’s (17.9%): 106.74 to 153.26
Based on max DOWN move only (-10.1%): 116.87
Open to requests for other symbols.
SPX 1-dte
#SPX1dte Closed on GTC order: $SPX May 31st 2920/2945 call spread for .30. Sold Tuesday for 3.00.
EWZ
#CoveredCalls – A little at a time…
Bought to Close EWZ MAY 31 2019 41.0 Calls @ .09 (sold for .41) Fidelity is commission free at .10 and lower…
Sold EWZ JUN 14 2019 40.0 Calls @ .72
UVXY
#DiagonalBearCallSpreads – Adding one…
Sold UVXY JUN 14 2019 40.0 Call @ 2.50
DAY TRADE:
AMD BTO STOCK @26.25 Stop Loss $50
Options Bistro 