A TRADE: Alert, my BuPS is really a BeCS, didn’t know how to edit, if even possible. Alert!!!!
Monthly Archives: May 2019
A TRADE: Taking a shot…
A TRADE: Taking a shot here for the thrill. ;>)
UBER STO a 5/24/19 45.0/48.0 BuPS @.65
SPX 1-dte
#SPX1dte Stopped out $SPX March 16th 2895/2905 call spreads for 3.05. Condors sold yesterday for 1.20.
Another #CondorRoll, same strikes as I sold earlier for May 31st, but this time a week earlier:
Sold $SPX 2815/2840-2960/2985 condors for 4.55.
TRADES:
HIIQ BTO STOCK 23.78
HIIQ STO 5/17/19 24.0 CALLS @.60
AMD STO 5/24/19 28.5 CALLS @.67 Covered
SPX smashed
#SPX1dte The biggest up days in history are all during times of market volatility. On a percentage basis, the Fall of 2008 contains five of the top 10 biggest moves UP; a period in which the market was only starting its fall to lose over half its value.
So it is fitting a call spread I could have closed at yesterday’s open for about .45 I now had to stop out for 8.00. Today’s action has provided no pullback opportunities, although I imagine there’ll be one now that I was finally forced out.
BTC $SPX May 17th 2890/2915 call spreads for 8.00. Sold for 2.10 on Monday.
#CondorRoll Sold $SPX May 31st 2815/2840/2960/2985 condors for 6.65
I’m also going to take a loss on today’s monthly condor call side. I cannot risk overnight gap risk on the 2895 short calls.
CMG
#LongPuts – I had bought these as lottery tickets in a 401k with the plan of selling put spreads against them to pay them off. I’ve just been advised that spread trading will not be allowed in this account so walking away with the .30 loss. I could still set up the spread with two trades but refuse to pay Fidelity the extra commissions.
Sold CMG JAN 15 2021 210.0 Puts @ 1.50 (bought for 1.80)
DE bullish play
#Earnings I was looking at a #DoubleCalendar, ATM going for about 1.50, but didn’t want the risk as I think a bigger than average move may be possible. Market is crazy bullish at the moment, entirely Trade-War driven. So I looked at an OTM call calendar at 160. The front calls don’t even have a bid, so, I just went with the “buy” half of the Calendar…
Bought to open $DE May 24th 160 calls for .18.
Looking at the daily chart, DE was close to 170 just a couple weeks ago. Unless the report is bad, I believe it has a good shot at a large move tomorrow, or even a further drift upward into next week, when these expire. It is a much better risk/reward play in an uncertain market. Needs any move up to be profitable, and about a 9% move up to be ATM.
NVDA butterfly
#Earnings Bought to Open $NVDA May 17th 155/160/162.5 #BrokenWingButterfly for 1.49. Bullish trade with no upside risk.
DE earnings analysis
#Earnings $DE reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 15, 2019 BO -2.11%
Nov. 21, 2018 BO +2.42%
Aug. 17, 2018 BO +2.35%
May 18, 2018 BO +5.74%
Feb. 16, 2018 BO +1.57%
Nov. 22, 2017 BO +4.32%
Aug. 18, 2017 BO -5.37%
May 19, 2017 BO +7.30%
Feb. 17, 2017 BO +1.00%
Nov. 23, 2016 BO +11.04%
Aug. 19, 2016 BO +13.49% Biggest UP
May 20, 2016 BO -5.48% Biggest DOWN
Avg (+ or -) 5.18%
Bias 3.02%, strongly positive bias on earnings.
With stock at 146.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 140.45 to 151.55
Based on AVERAGE move over last 12 quarters: 138.43 to 153.57
Based on MAXIMUM move over last 12 Q’s (13.5%): 126.30 to 165.70
Based on DOWN Max only (-5.5%): 138.00
Open to requests for other symbols.
NVDA earnings analysis
#Earnings $NVDA reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 14, 2019 AC +1.81%
Nov. 15, 2018 AC -18.75% Biggest DOWN
Aug. 16, 2018 AC -4.90%
May 10, 2018 AC -2.15%
Feb. 8, 2018 AC +6.69%
Nov. 9, 2017 AC +5.26%
Aug. 10, 2017 AC -5.32%
May 9, 2017 AC +17.82%
Feb. 9, 2017 AC -2.37%
Nov. 10, 2016 AC +29.80% Biggest UP
Aug. 11, 2016 AC +5.59%
May 12, 2016 AC +15.20%
Avg (+ or -) 9.64%
Bias 4.06%, strongly positive bias on earnings.
With stock at 159.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 147.20 to 170.80
Based on AVERAGE move over last 12 quarters: 143.68 to 174.32
Based on MAXIMUM move over last 12 Q’s (29.8%): 111.62 to 206.38
Based on DOWN Max only (-18.8%): 129.19
Open to requests for other symbols.
BIDU earnings analysis
#Earnings $BIDU reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 21, 2019 AC -2.70%
Oct. 30, 2018 AC +3.64%
July 31, 2018 AC -7.73%
April 26, 2018 AC +5.54%
Feb. 13, 2018 AC +4.56%
Oct. 26, 2017 AC -8.15% Biggest DOWN
July 27, 2017 AC +9.45% Biggest UP
April 27, 2017 AC -4.06%
Feb. 23, 2017 AC -5.12%
Oct. 27, 2016 AC +2.56%
July 28, 2016 AC -3.64%
April 28, 2016 AC +4.45%
Avg (+ or -) 5.13%
Bias -0.10%, no significant bias on earnings.
With stock at 152.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 145.46 to 159.54
Based on AVERAGE move over last 12 quarters: 144.67 to 160.33
Based on MAXIMUM move over last 12 Q’s (9.5%): 138.09 to 166.91
Based on DOWN Max only (-8.2%): 140.07
Open to requests for other symbols.
NVDA Earnings
#Earnings – One for tomorrow and one for a little further out. Good earnings season so far so these are a little aggressive slightly inside the expected moves…
Sold 1 NVDA MAY 17 2019 150.0 Put @ 2.20
Sold 1 NVDA JUN 07 2019 145.0 Put @ 3.05
NTES Earnings
#Earnings – Bought to Close NTES MAY 17 2019 247.5 Put @ .10 (sold for 2.50)
#earnings #closing M
Yesterday sold a June 21, 20/25 strangle for 1.01, bought today for .54.
NUGT JD Puts Closed / TNDM HIIQ Covered Calls Rolled / HIIQ Covered Calls
#shortputs
$NUGT BTC 5/17 19 puts at 3.30. STO at 1.44
$JD BTC 5/17 27 puts at .04. STO at .94
#coveredcalls
$TNDM BTC 5/17 70 calls and STO 5/31 72 calls at .90 credit. Stock at 68.07
$HIIQ BTC 5/17 30 calls and STO 6/21 28 calls at 1.33 credit. Stock at 23.57
$HIIQ STO 5/17 25 calls at .50
TWLO LLY Closed Early BUPS / GOOGL Revenge Trade
#bullputspreads
$TWLO BTC 5/17 120/125 at .20. STO at 1.90
$LLY BTC 5/17 110/115 at .70 STO at 1.60
$GOOGL 5/17 1200/1210 Full Loss Revenge best when served cold. I sole with passion – not smart. Along with the shock of having stock put to me this morning. Now there is an eye opener and a good advertisement for hedging.
PYX Covered Calls
#coveredcalls
$PYX STO 5/17 20 calls at .40. Price at 18.27
#shortstrangles TSLA
Sold a June 21, 180/275 strangle for 2.97. TSLA is at 230.
SPX 1-dte
#SPX1dte Sold $SPX May 16th (monthlys) 2775/2795/2895/2915 condors for 1.20. (IV 16.47%, SPX 2856)
These stop trading tomorrow at the close but will settle with Friday morning’s opening.
Expiring, May 15th 2770/2790/2885/2905 condors, sold yesterday for 1.15
X puts
Sold $X 6/21 14 puts @ .50 with the stock at 14.93. Delta around 30. Strike price below the low from last week of 14.16. IV rank 47.
AKAM BUCS
#longcalls
$AKAM BTO 6/21 75/85 BUCS at 2.15. Stock at 76.61
BYND
I just noticed options are now trading in BYND. IV is around 106.
ROKU
Rolled ROKU May17 weekly 78 puts to May24 77 puts for .59cr. I’m leaning slightly positive delta in this position, which includes a Jun21 80/90 strangle.
A TRADE:
HIIQ STO 5/17/19 24.0 CALLS @.50 Stock Price @22.63 Delta .32
NTES Earnings
#ShortPuts #Earnings – Taking another shot at this one. Selling below the 50 and 100 moving averages and right at the April 1st breakout level.
Sold NTES MAY 17 2019 247.5 Put @ 2.50
ISRG
#ShortPuts – Closing for safety. Seems to be building a base but one tweet away from dropping more. Sold during the earnings debacle…
Bought to Close ISRG MAY 17 2019 475.0 Put @ .95 (sold for 5.40)
TRADES:
AMD BTO STOCK @27.5
AMD STO 5/17/18 CALLS @.45 Now covered
Trading by Tweet
Stocks, automakers jump as Trump plans to delay auto tariffs by 6 months https://t.co/ngxxAzqHKz pic.twitter.com/lrDdQkIO1r
— CNBC Now (@CNBCnow) May 15, 2019
NTES earnings analysis
#Earnings $NTES reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 20, 2019 AC -5.88%
Nov. 14, 2018 AC +5.31%
Aug. 8, 2018 AC -10.96% Biggest DOWN
May 16, 2018 AC -7.45%
Feb. 7, 2018 AC -6.27%
Nov. 15, 2017 AC +7.85%
Aug. 9, 2017 AC -9.77%
May 10, 2017 AC -0.82%
Feb. 15, 2017 AC +14.08% Biggest UP
Nov. 9, 2016 AC -9.22%
Aug. 17, 2016 AC -2.67%
May 11, 2016 AC +0.43%
Avg (+ or -) 6.73%
Bias -2.11%, negative bias on earnings.
With stock at 262.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 245.55 to 279.45
Based on AVERAGE move over last 12 quarters: 244.84 to 280.16
Based on MAXIMUM move over last 12 Q’s (14.1%): 225.54 to 299.46
Based on DOWN Max only (-11.0%): 233.73
Open to requests for other symbols.
#earnings #closing BABA
Testerday bought June 21, 145/200 strangle for 1.76, bought this morning for 1.25.
UBER
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.
SPX Campaign / CLX Covered Call
#spxcampaign
$SPX STO 5/17 2890/2915 BECS at 1.75
#optionsexpiration
$SPX 2790/2770/2930/2950 STO at 1.15 Thank you @jeffcp66
#coveredcalls
$CLX STO 5/17 150 calls at .80
Long term portfolio is now only portfo lio has been lopped off.
EWZ
#CoveredCalls – Stock is down but volatility up so selling these now up in some overhead resistance.
Bought to Close EWZ MAY 17 2019 41.5 Calls @ .03 (sold for .94)
Sold EWZ MAY 31 2019 41.0 Calls @ .41
SPX 4-dte
#SPX1-dte As another short term trade, replacing call spreads closed Friday,
Sold $SPX March 17th (weeklys) 2890/2915 call spreads for 2.95.
Also, closed today’s 2790/2770 put spreads for .30. Hovering between 1.00 and 4.00 all day, finally got out. I had to close the call spread at Friday’s close, unfortunately; it would not have been a concern today!
UVXY
#DiagonalBearCallSpreads – Adding one…
Sold UVXY JUN 7 2019 55.0 Call @ 2.50
Damage control
/ES hedges are working well, just wish I had more of them. May add some more but looks like have found a bottom at least for today. Not being political but the tweeter in chief really needs to shut up and realize tariffs are bad for business.
Sorry I have been quiet the last few weeks. After recovering and getting back to work I have barely had time to eat. We had to move 400 patients while I was out and it really messed up the schedule. Hope to be caught up in the next few weeks. Also have not found a good way to separate the service trades from my other trades as they are often similar.
Anyway, I have been adjusting jade lizards and have found them to be easier to roll than just a put or a call. I was able to roll IBB down on Thurs. from 107.5 to 103.5 for a 0.01 debit. 4 points of extra downside for 1 penny, I will take it. Because I am selling the straddle the credit can often offset the drop.
So anyway here are my current positions. All will need adjusting this week. If we keep falling will convert some to LEAPs/ #fuzzy.
90% of these expire this week.
/es back ratio hedge, 79 DTE 2610 short 1 and long 2 2605 for 21.50 or $1075 for every 3 contracts. Up nicely 🙂 and I may roll down to take out some cash.
GILD 65/65 at cost basis of 6.79, 4.68, and 7.35. Keep working to zero cost basis.
IBB 103.5/103.5/104 jade lizard rolled down Thurs from 107.5 for 1 cent debit. CB 103.51. Will roll or convert
iWM 155.5 converted to 155.5/155/5/156 jade lizard for 0.30 credit. CB 154.18 will need roll
LNG 67.5 put was converted to #fuzzy for cost basis of 10.33
SQ 73.5/73.5/74 cb 1.27. Needs rolling.
XBI 84/84/84.5 jade lizard for 1.49 credit. Cb 82.51
LABU 50 cc for cb 46
QQQ 185/188 for 3.26
XBI 80/85 for 7.57 and 13.81
LNG 65.5/65.5/66 for 1.44 credit this morning
TNA 64 cc for 61.97
TQQQ 66 cc for 63.94
AMAT 43 puts for 1.03 cb 41.97
Obviously most of these will need rolling or adjusting toward the end of the week. We keep falling I will convert most to LEAPs on the put side.
Cheer 🙂
VXX longs adding
#VXXGame Bought more $VXX Jan 2020 20 puts for 1.40. Adding to first batch I bought for 1.75 on Jan 22nd.
The 2021 puts are still too expensive, but I’m watching.
#earnings #rolling LRCX
Jan. 23 I sold a Feb. 15 120/160 strangle, have made several adjustments, made another one. I had a May 17, inverted 160 call/190 put strangle that I rolled to June 21 165 put/185 inverted strangle for -.11. I’ve taken in 17.44 in premium through all the shenanigans. LRCX is at 189, down 8 today and has been as high as 209 a couple weeks ago.
NTES Earnings
#ShortPuts #Earnings – Earnings not until Wednesday but selling a little early with the big down day today…
Sold 1 NTES MAY 17 2019 230.0 Put @ 3.00
CTL Puts / Roll BURL Today’s Expiration / IRBT Wild Ride Expiration
#shortputs
$CTL STO 6/21 10 puts at .30 Thank you @ramie77
#coveredcalls #optionsexpiration
$BURL BTC 5/10 170 call and STO 5/10 167.50 call at .80 credit. And it expired.
#optionsexpiration
Total Loss
$IRBT 95/100 and 100/105 BUPS
Total Gain
$IRBT 98 and 100 calls Thank you @honkhonk81 for the recovery trades. Well done.
Stopped already
#SPX1dte After selling the condor, SPX moved up from 2868 to top out at 2891, which was within the expected move for Monday. So I had to stop out of the call side for 1.40.
I may sell a same day condor on Monday if the open in quiet, but otherwise this one’s s small loss.
A TRADE:
AMD BTO STOCK @28.00 Have a great and safe weekend everbody.
Hedges
That is what bailed me out this past couple of days. I had VXX calls took a nice profit. Then bought VXX put spread, covered most of my other bad trades (that at this time would not have been bad).
A TRADE:
VFF STO 5/17/19 13.0 CALLS @.45 Must have had decent earnings yesterday.
TQQQ rolls
#SyntheticCoveredCalls Earlier: BTC $TQQQ May 17th 68.5 calls for .12. Sold for 1.26 on Monday.
Now: Sold TQQQ May 31st 65 calls for 1.25
SPX 1-dte
#SPX1dte Sold $SPX May 13th 2770/2790-2920/2940 condors for 1.15. (IV: 14.08%, SPX 2868)
Also, closed SPX May 17th 2960/2985 call spreads for .40. Sold on Monday for 3.15.
REGN UVXY XBI
#ShortPuts #CoveredCalls – Been an extremely busy week away from the market again but did manage a few…
REGN: Covered
Bought to Close REGN MAY 10 2019 350.0 Call @ .01 (sold for 4.08)
UVXY: Rolling
Rolled UVXY MAY 10 2019 37.5 Call to MAY 17 2019 40.0 Call @ .80 credit (2.05 total now)
Rolled UVXY MAY 10 2019 37.5 Call to MAY 24 2019 40.0 Call @ 1.65 credit (2.90 total now)
XBI: Adding
Sold XBI JUN 21 2019 78.0 Put @ 2.00
Econ Calendar for week of 5/13/19
Nothing big on the schedule but we’ll still have this trade mess. My prediction: no deal, yet, and will stretch into at least June.
Link to calendar: https://us.econoday.com/byweek.asp?day=13&month=5&year=2019&cust=us&lid=0
#earnings #closing TWTR
April 22, sold a May 17, 30/39 strangle for 1.00, the next day rolled the put to 39 making a straddle. Closed today for 1.82 after collecting 2.11 in premium.
TRADES:
IRBT STC 5/10/19 95.0 PUTS @1.35
AMD STO 5/17/19 25.5 PUTS @.31
AMD STO 5/17/19 28.0 CALLS @.45
HIIQ STO 5/17/19 21.0 CALLS @.75
IRBT STO 5/17/19 97.5 CALLS @1.25
LYFT STO 5/17/19 58.0 CALLS @.90
LYFT STO 5/17/19 48.0 PUTS @.80
#shortstrangles TSLA
Sold June 21, 190/280 strangle for 5.55
Rolling IRBT
Rolled 5/17 95 puts down and out to 6/21 92.50 puts @ 1.90 credit with the stock now at 94.01.
Closing FB call spread
Bought to close $FB 6/21 205/215 bear call spread @ .68. Sold for 2.15 on 4/25.
#earnings #closing WYNN Z
WYNN Sold June 21 110/155 strangle for 3.39, bought this morning for 2.01
Z sold June 21, 35 straddle for 6.13, bought this morning for 4.86
A TRADE:
PBYI STO 5/17/19 21.0 CALLS @.50 Hit the butcher block today.
YELP closing
#Earnings Sold some 39.5 long puts for 3.75, but now waiting as it looks to want to drop more. #LongStrangle bought yesterday for 4.37.
Filled on next batch for 4.50 and 4.75.
SPX closed
#SPX1dte $SPX May 10th 2760/2780-2920/2940 condors closed for .30. Sold yesterday for 2.05. Super high premium paid off on pretty much the expected news on trade talks: “not yet.”
Closing EA
Meant to post this earlier–filled in the last hour of the trading day. Bought to close $EA 6/21 85/110 strangle @ 1.43. Sold for 2.16 yesterday so with the volatility contraction I was able to get out with a nice 1 day profit.
YELP strangle
#Earnings Bought to open $YELP May 10th 39.5/40 #LongStrangle for 4.37. I need an 11.8% move for breakeven. Avg move on earnings is 15.2%.
SPX 1-dte
#SPX1dte Sold $SPX May 10th 2760/2780-2920/2940 condors for 2.05. (IV 25.92%, SPX 2864)
A little more aggressive than normal from a delta standpoint, .08 on both sides rather than .06. But in quiet IV times I have gone as high as .10 to get enough premium, and these strikes are decently OTM. Puts 2.9% away and Calls 2.0% away. Yes, it’s possible, and if we get super big news tonight, I may get stopped out tomorrow.
Options Bistro 