Close but no cigar / Last minute heart break. SPX just popped up over 2826 with less than 10mins in the day.
BTC June 5 2825 / 2840 $SPX #BeCS @2.00 – was the call side of an IC opened yesterday for 1.3. I’ll let the 2725/2740 puts expire.
Daily Archives: Wednesday, June 5, 2019
SPX 9-dte
#SPX1dte Too much bullish action not to sell something.
Sold $SPX June 14th 2890/2915 call spreads for 2.00, IV 14.39%, SPX 2826
SFIX Earnings
#Earnings – Lotsa premium in this one. Selling an iron fly just inside the expected move…
Sold SFIX JUN 7 2019 21.5/24/24/26.5 Iron Flies @ 2.10
Risk 40 to make 210
UVXY
#DiagonalBearCallSpreads – Playing it safe. Had to roll this on Friday last week so bailing now.
Bought To Close UVXY JUN 7 2019 40.0 Call @ .26 (sold for 4.39)
FIVE condor
#Earnings Selling this with a bullish lean based on its history… -3.2% on downside, +11.3% on upside
Sold $FIVE June 7th 117/120-138/141 #IronCondor for 1.31.
TQQQ
STO July 40 puts @ 1.08
STO September 35 puts @ 1.48
Testing the water to see if traders are still bearish. Yesterday I sold some September 70/80 bear call spreads for .48 cents
FIVE Earnings
#Earnings #JadeLizard – Going for extra downside protection again so selling the call side at the money. As usual no upside risk and playing for a move down to the 200ma.
Sold FIVE JUN 7 2019 117.0/126.0/129.0 Jade Lizard @ 3.10
A TRADE: New strategy for me.
Had a handful of stock I didn’t want to lose, which I encumbered with short calls. The stock moved up, and I regretted selling the Calls, soooo, I STC the original trade, and BTO a similar trade, 3 strikes higher, with the same expiration. Credit of 1.00, plus extra 3 strikes. Questions solicited. Rolled up but not out.
HIIQ BTC 6/21/19 26.0 CALLS @3.60 Less original premium = loss of $1.00.
HIIQ STO 6/21/19 29.0 CALLS @2.00
UBER roll
#Earnings #StrangleRoll #ThatDidntTakeLong
Sold this strangle Friday as a roll from losing #LongStraddle. Already breached, so rolling. Fortunately, the ATM options are not much more than the strangle sold for.
BTC $UBER June 14th 37/43 #ShortStrangle for 1.40. Sold for 1.00 on Friday.
STO $UBER June 21st 40/46 #ShortStrangle for 1.05
Closing JNJ
Bought to close $JNJ 7/19 120 puts @ .60. Sold for 1.23 on 5/29.
SFIX earnings analysis
#Earnings $SFIX reports tonight. Below are details on earnings one-day moves over the last 6 quarters, its entire history on the exchange.
March 11, 2019 AC +25.20%
Dec. 10, 2018 AC -20.90%
Oct. 1, 2018 AC -35.15% Biggest DOWN
June 7, 2018 AC +26.48% Biggest UP
March 12, 2018 AC -3.60%
Dec. 19, 2017 AC -9.77%
Avg (+ or -) 20.18%
Bias -2.96%, slightly negative bias on earnings.
With stock at 23.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 19.80 to 27.20
Based on AVERAGE move over last 12 quarters: 18.76 to 28.24
Based on MAXIMUM move over last 12 Q’s (35.2%): 15.24 to 31.76
Based on UP Max only (+26.5%): 29.72
Open to requests for other symbols.
FIVE earnings analysis
#Earnings $FIVE reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
March 27, 2019 AC +8.15%
Dec. 6, 2018 BO -2.66%
Sept. 6, 2018 AC +13.31%
June 6, 2018 AC +21.86% Biggest UP
March 21, 2018 AC +4.20%
Nov. 30, 2017 AC -0.46%
Aug. 30, 2017 AC -3.45% Biggest DOWN
June 1, 2017 AC +0.50%
March 22, 2017 AC +10.80%
Dec. 1, 2016 AC +9.87%
Aug. 31, 2016 AC -1.14%
June 2, 2016 AC +2.07%
Avg (+ or -) 6.54%
Bias 5.25%, Strongly positive bias on earnings.
With stock at 124.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 113.86 to 134.14
Based on AVERAGE move over last 12 quarters: 115.89 to 132.11
Based on MAXIMUM move over last 12 Q’s (21.9%): 96.89 to 151.11
Based on DOWN Max only (-3.4%): 119.72
Open to requests for other symbols.
CRM Earnings
#Earnings #JadeLizard – Taking what I can get. Could hold until Friday and hope for a pullback but gonna go ahead and close it.
Bought to Close CRM JUN 7 2019 142.0/150.0/152.5 Jade Lizard @ 2.05 (sold for 2.90)
#earnings #closing CRM
Yesterday sold a June 21, 130/170 strangle for 1.10, bought today for .57
Calls closed
#LongLEAPs #SyntheticCoveredCalls Both sets sold yesterday breached. Waiting before I roll.
BTC $TQQQ June 14th 52 calls for 1.90. Sold for 1.15 yesterday.
BTC $SQ June 14th 64 calls for 1.92. Sold for .97 yesterday.
SPX stops
#SPX1dte Euphoria has gripped the markets! Buy everything!
Took the morning pullback to close my 1-day trade and another one I should have closed yesterday.
BTC $SPX June 5th 2830 calls for 2.10. Will hold short 2840 long calls for more. Condors sold yesterday for .95.
BTC June 7th 2810/2835 call spreads for 11.40. Sold for 2.55 on Monday. Will take a few rolls to recoup this one.
Options Bistro 