#bullputspreads
$AMZN BTO 5/10 1935/1945 BUCS at 6.20
Monthly Archives: May 2019
#earnings #rolling CI
May 1, sold June 21, 140/180 strangle, CI has been going down. Rolled the 180 call to 170 for .92, have collected 370 in premium.
A TRADE:
IRBT STO 5/10/19 104.0/101.0 BuPS @1.38
#shortputs #earnings #closing SQ
May 1, Sold June 21 60/90 strangle for 1.18 bought today for .84
Sold June 21, 65 put for 1.89.
Calendars missed
#Earnings Good trades last week followed by a couple misses this week:
Sold to close $MNST 58 #DoubleCalendar for .08. Bought yesterday for .29.
Paid .04 to close $CLX 157.5 put side of #DoubleCalendar. Bought Tuesday for .74
TRADES:
IRBT BTC 5/3/19 104.0 CALLS @.75 BTO @2.20
IRBT STO 5/10/19 105/100 BuPS @2.07
#earnings #closing ATVI
Sold June 21, 45/55 strangle for 2.25, bought today for 1.54.
ANET post-earnings
Sold $ANET 6/21 230 puts @ 3.00.
REGN
#CoveredCalls – Early sale for earnings next week. May adjust it down a little with any more weakness in the stock…
Sold REGN MAY 10 2019 350.0 Call @ 4.08
April Jobs Report
#Jobs Another great month; lowest UE since 1969
+263,000 non-farm payroll jobs, vs. 190K expected
Unemployment at 3.6%, down by 0.2, a 49-year low
U6 unemployment at 7.3%, unchanged
Wages up 0.2%, 3.2% year over year
Labor force participation 62.8%, down by 0.2
March revised down from 196K to 189K
February revised up from 33K to 56K
REGN
#CoveredCalls – Late fill. Now looking to sell something for earnings next week…
Bought to Close REGN MAY 03 2019 352.5 Call @ .05 (sold for 2.45)
Rolled TNDM Puts
#shortputs
$TNDM BTC 5/3 68.50 puts and STO 5/17 65 puts for 1.80 debit. Credit through five rolls is now $4.00 per contract.
I’d like it to expire before I run out of credit. Stock currently at 62.76
Everything old is new again
In case you haven’t noticed the new replacement symbol for the old VXX (VXXB) has been renamed back to VXX as of yesterday. Now let’s get it back down to 10-15 so it can reverse split again. Oh and it can take it’s defanged cousin (UVXY) down there with it.
#ironbutterfly UVXY
TastyTrade idea sold June 21, 21/34/34/40 for 6.36
SPX 1-dte
#SPX1dte Sold $SPX May 3rd 2850/2870-2945/2965 condors for .80 (IV: 12.84%, SPX 2914)
#earnings #doublecalendar GILD
Trying the double calendar a week out, bought May 10/May 17 for .37.
#earnings MNST ATVI
MNST Sold June 21, 50/65 strangle for 1.10.
ATVI TastyTrade follow, sold June 21, 45/55 strangle for 2.25
INTC
BTO #Fuzzy
May 17 51 Call STO 51/50 BuPS .62
IRBT seems like the ideal…
IRBT seems like the ideal option to trade. I’ve only done the BuPS though. The option doesn’t use much margin/purchasing power, premiums are good, and the theta is high’ish. What more can an option trader ask for?
I’m ITM on 103 & 104 short legs in BuPs’s, ;>) , and I can close it out at a profit.
#earnings OLED
Sold June 21, 110/210 strangle for 1.50. Thanks for the data Jeff.
MNST of a trade
#Earnings Bought to Open $MNST May03/May10 58 #DoubleCalendar for .29.
#shortstrangles #closing TSLA
April 26, sold June 21, 160/325 strangle for 3.55, bought today for 2.40.
SPX stopped
#SPX1dte Stopped $SPX May 8th 2890/2865 put spread for 5.80. Condor sold for 4.55 on Monday. Been getting whipsawed on these medium-term condors. Small losses but certainly annoying. The 1-day jobbers are easier.
SQ
#ShortPuts – Starter position out to June…13% annualized.
Sold SQ JUN 21 2019 60.0 Puts @ 1.06
Here comes the drop
Are we really that scared of interest rates?
A TRADE:
AAOI STO 5/10/19 13.0 CALLS @.52 Low margin usage.
TRADES:
IRBT STO 5/10/19 101/96 BuPS @1.13
IRBT STO 5/10/19 100/95 BuPS @1.10
IRBT STO 5/10/19 102/97 BuPS @1.75
MNST earnings analysis – trying again
#Earnings $MNST reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Tried for a dbl cal last quarter but the big move shut me out. However, it is such a cheap play that I’ll try again.
Feb. 27, 2019 AC +8.66%
Nov. 7, 2018 AC -3.16%
Aug. 8, 2018 AC +2.65%
May 8, 2018 AC -7.47%
Feb. 28, 2018 AC -14.43% Biggest DOWN
Nov. 8, 2017 AC +1.17%
Aug. 8, 2017 AC -1.14%
May 4, 2017 AC +3.30%
March 1, 2017 AC +12.75%
Nov. 3, 2016 AC -3.55%
Aug. 4, 2016 AC +2.47%
April 29, 2016 BO +12.81% Biggest UP
Avg (+ or -) 6.13%
Bias 1.17%, positive bias on earnings.
With stock at 57.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 53.57 to 61.43
Based on AVERAGE move over last 4 quarters: 53.98 to 61.02
Based on MAXIMUM move over last 4 Q’s (14.4%): 49.20 to 65.80
Based on UP max only (12.8%): 64.87
Open to requests for other symbols.
TRADES:
IRDM STC STOCK @27.40 Took a .38 loss.
IRBT BTC 5/3/19 105.0 CALLS @.95 Profitable though. Wanted to release the stock from being covered.
IRBT STO 5/10/19 110.0 CALLS @.70
OLED earnings analysis – big mover
#Earnings $OLED reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 21, 2019 AC +23.03%
Nov. 1, 2018 AC -20.50% Biggest DOWN
Aug. 9, 2018 AC +13.54%
May 3, 2018 AC +12.43%
Feb. 22, 2018 AC -15.81%
Nov. 2, 2017 AC +9.52%
Aug. 3, 2017 AC -1.30%
May 4, 2017 AC +23.87% Biggest UP
Feb. 23, 2017 AC +20.08%
Nov. 3, 2016 AC +2.98%
Aug. 4, 2016 AC -8.01%
May 5, 2016 AC -0.76%
Avg (+ or -) 12.65%
Bias 4.92%, positive bias on earnings.
With stock at 161.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 143.24 to 179.7682
Based on AVERAGE move over last 4 quarters: 141.07 to 181.93
Based on MAXIMUM move over last 4 Q’s (23.9%): 122.95 to 200.05
Based on DOWN max only (-20.5%): 128.39
Open to requests for other symbols.
IRBT Moving.
IRBT Moving.
UVXY
#DiagonalBearCallSpreads – Bought to Close UVXY MAY 3 2019 42.5 Calls @ .05 (sold for 1.50)
UVXY
#DiagonalBearCallSpreads – Adding one here…
Sold 1 UVXY MAY 24 2019 40.0 Call @ 1.40
Expiring in the nick of time
#SPX1dte 2890/2910-2965/2980 condors, sold yesterday for 1.10. If the market had another 30 minutes the put side might be in trouble. Pretty sharp drop into the close, after notching a new intraday all-time high earlier today.
W earnings analysis
#Earnings $W reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 22, 2019 BO +27.85% Biggest UP
Nov. 1, 2018 BO -12.81%
Aug. 2, 2018 BO +7.54%
May 2, 2018 BO +13.65%
Feb. 22, 2018 BO -22.71% Biggest DOWN
Nov. 2, 2017 BO -15.54%
Aug. 8, 2017 BO -6.26%
May 9, 2017 BO +20.73%
Feb. 23, 2017 BO -6.49%
Nov. 8, 2016 BO -4.13%
Aug. 9, 2016 BO -19.58%
May 9, 2016 BO +10.16%
Avg (+ or -) 13.95%
Bias -0.63%, tiny negative bias on earnings.
With stock at 165.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 145.60 to 184.40
Based on AVERAGE move over last 4 quarters: 141.98 to 188.02
Based on MAXIMUM move over last 4 Q’s (27.9%): 119.05 to 210.95
Based on DOWN max only (-22.7%): 127.53
Open to requests for other symbols.
#earnings CI SQ
CI Sold June 21, 140/180 strangle for 2.81
SQ Sold June 21, 60/90 strangle for 1.16
Jeff
How do you decide if for earnings how you do the different strategy’s?
A TRADE:
IRBT STO 5/3/19 101/96 BuPS @ .87
SQ earnings analysis
#Earnings $SQ reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 27, 2019 AC +2.42%
Nov. 7, 2018 AC -9.02%
Aug. 1, 2018 AC +8.65%
May 2, 2018 AC +1.13%
Feb. 27, 2018 AC +0.30%
Nov. 8, 2017 AC +3.40%
Aug. 2, 2017 AC -4.68%
May 3, 2017 AC +8.86%
Feb. 22, 2017 AC +14.02% Biggest UP
Nov. 1, 2016 AC +6.41%
Aug. 3, 2016 AC +8.42%
May 5, 2016 AC -21.68% Biggest DOWN
Avg (+ or -) 7.42%
Bias 1.52%, positive bias on earnings.
With stock at 74.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 69.18 to 78.82
Based on AVERAGE move over last 4 quarters: 68.51 to 79.49
Based on MAXIMUM move over last 4 Q’s (21.7%): 57.96 to 90.04
Based on UP max only (+14.0%): 84.37
Open to requests for other symbols.
#earnings AAPL BuPS
btc $AAPL May 17 165/175 BuPS @0.03. Was opened 3/26 for 1.65.
#earnings AAPL
Yesterday sold May 17, 180/220 strangle for 1.40, bought today for .60. Thanks to Jeff for the earnings data.
Options Bistro 