GOOGL BUPS DOVA Calls Closed / Rolled TQQQ Calls

#bups
$GOOGL BTC 6/21 1145/1160 BUPS at total loss. Stock put to me last night. Nightmare!!!
#coveredcalls
$DOVA BTC 6/21 12.5 calls at .10. STO at .73
$TQQQ BTC 6/14 59 and STO 6/7 50 call for .45 credit. Who knew today would be THAT day.

#earnings CRM

Sold June 21, 130/170 for 1.10, took a while to fill. Thanks for the data Jeff

SPX 1-dte

Sold to Open $SPX June 5th 2730/2750-2830/2840 condors for .95, IV: 13.53%, SPX 2800.

What a face-ripping day for shorts.

Short squeeze

Had not looked at the market until after lunch, that’s what a true short squeeze looks like 🙂

About time we had a green day

CRM Earnings

#JadeLizard #Earnings – Selling the lizard with the put side at the expected move and the call side nearly at the money with the stock up 4 dollars today. Playing for a slight down move with no upside risk.

Sold CRM JUN 7 2019 142.0/150.0/152.5 Jade Lizard @ 2.90

Closing ANET for 50% profit

Bought to close $ANET 6/21 230 puts @ 1.50. Sold for 3.00 on 5/3

Long Leaps still kicking

#LongLEAPs #SyntheticCoveredCalls Still holding long leaps, both underwater but cost basis now about zero after all these calls I have sold. I also ended up long some TQQQ stock at 58.00, which I will hold for the eventual recovery.

Sold $TQQQ June 14th 52 calls for 1.15.
Sold $SQ June 14th 64 calls for .97

A TRADE: #Point & Figure…

A TRADE: #Point & Figure Chart. HIIQ is on a buy signal since 27.0.
HIIQ BTO STOCK @28.51 latest of several buys today.

AMBA earnings analysis

#Earnings $AMBA reports tonight. Below are details on earnings one-day moves over the last 12 quarters.

March 5, 2019 AC +3.74%
Nov. 29, 2018 AC +18.48% Biggest UP
Aug. 30, 2018 AC -3.62%
June 5, 2018 AC -12.93%
March 1, 2018 AC +13.46%
Nov. 30, 2017 AC +14.29%
Aug. 31, 2017 AC -22.35% Biggest DOWN
June 6, 2017 AC -10.24%
Feb. 28, 2017 AC -4.42%
Dec. 1, 2016 AC -11.27%
Sept. 1, 2016 AC -6.67%
June 2, 2016 AC +9.39%

Avg (+ or -) 10.91%
Bias -1.01%, negative bias on earnings.

With stock at 40.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 36.00 to 44.00
Based on AVERAGE move over last 12 quarters: 35.64 to 44.36
Based on MAXIMUM move over last 12 Q’s (22.4%): 31.06 to 48.94
Based on UP Max only (+18.5%): 47.39

Open to requests for other symbols.

SPX puts closed

#SPX1-dte Two extra roll spreads closed:

BTC $SPX June 5th 2700/2675 put spread for .25. Sold for 2.70 last Wednesday.
BTC $SPX June 7th 2675/2650 put spreads for .60. Sold yesterday for 3.10.

June 7th call spread at 2810 under pressure, but not too worries yet. This is a bear trend rally; at least until it isn’t.