Daily Archives: Thursday, June 13, 2019
AVGO strangle
Borrowing another TT idea.
Sold $AVGO 7/19 230/320 strangle @ 2.92.
Earnings play but expiration in July.
SPX 1-dte
#SPX1dte Sold to Open $SPX June 14th 2825/2845-2915/2935 condors for 1.00. (IV: 11.41%, SPX 2882)
AVGO condor
#Earnings Sold $AVGO 267.5/270/290/292.5 #IronCondor for 1.35. Better than 1:1, with a bullish lean.
#earnings #closing RH
bought July 19 60/140 strangle for .75, sold yesterday for 1.25.
AAL up 6.5% on JPM…
AAL up 6.5% on JPM note
IVR is only 20 though.
#earnings AVGO
Followed fuzzball but added some time and protection.
Sold July 5, 250/262.50/280/285 big lizard as they call it, I think, for 5.15 Thanks Fuzzball and Jeff.
SPX 1-dte GOOGL and AMZN For tomorrow:
Bull Put SPX sell 2850 / buy 2845 0.20 – 0.25
Bull Put AMZN sell 1835/ buy 1830 0.20-0.25
Bull Put GOOGLE sell 1075/ buy 1070 0.20-0.25
DIS covered calls
Sold $DIS 7/19 145 calls @ 1.33 (covered). This is a partial hedge against my stock position.
AVGO Earnings
#Earnings #JadeLizards – Playing this one with max downside protection again and no upside risk. Breakeven just outside the expected move and at the 200ma…
Sold AVGO JUN 14 2019 265/280/285 Jade Lizard @ 5.10
Closing LULU
Bought to close $LULU 150/155/185/190 iron condor @ .45 for 80% of the max profit.
Out of the Frying Pan Closing BYND Puts
Too hot in the kitchen.
#shortputs
$BYND BTC 6/14 150 puts at 10.7. STO Monday at 10.50. If only I had an asbestos suit on. Price now at 8.60.
#closing IRBT
May 3, sold 85/125 strangle for 1.80 after an earnings drop (wasn’t quite done going down), bought today for .55.
NTES REGN UVXY
#ShortPuts #CoveredCalls #DiagonalBearCallSpreads – A little bit of everything today…
Bought to Close NTES JUN 14 2019 247.5 Put @ .10 (sold for 3.40)
Bought to Close REGN JUN 14 2019 320.0 Call @ .10 (sold for 4.10)
Sold REGN JUN 28 2019 317.5 Call @ 3.13
Bought to Close UVXY JUN 14 2019 40.0 Calls @ .05 (sold for 2.20 and 2.50)
LULU RH Earnings
#Earnings – No harm no foul and made a little…
Bought to Close LULU JUN 14 2019 152.5/170.0/172.5 Jade Lizard @ 2.14 (sold for 3.10)
Bought to Close RH JUN 14 2019 80.0/100.0/103.0 Jade Lizard @ 3.01 (sold for 3.15)
Looking at a similar play on AVGO now…
#earnings #closing LULU
bought July strangle for .45, sold yesterday for 1.65.
Closing RH
Bought to close $RH 8/16 75 puts @ .80. Sold for 3.10 on 4/2.
LULU Jade Lizard
#earnings
$LULU BTC 170/172.5 BUCS at 2.20 STO at 1.15. Will let the put expire and net on trade .85. Thank you @fuzzballl.
And very happy for you and the Blues.
Closing CTL
Bought to close $CTL 6/21 10 puts @ .04. Sold for .33 on 5/9.
AVGO earnings analysis
#Earnings $AVGO reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
March 14, 2019 AC +8.23% Biggest UP
Dec. 6, 2018 AC +0.58%
Sept. 6, 2018 AC +7.69%
June 7, 2018 AC -2.53%
March 15, 2018 AC -4.81% Biggest DOWN
Dec. 6, 2017 AC 0.00%
Aug. 24, 2017 AC -3.70%
June 1, 2017 AC +8.49%
March 1, 2017 AC +0.99%
Dec. 8, 2016 AC +4.90%
Sept. 1, 2016 AC -2.24%
June 2, 2016 AC +4.93%
Avg (+ or -) 4.09%
Bias 1.88%, positive bias on earnings.
With stock at 282.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 265.11 to 299.89
Based on AVERAGE move over last 12 quarters: 270.94 to 294.06
Based on MAXIMUM move over last 12 Q’s (8.5%): 258.52 to 306.48
Based on DOWN Max only (-4.8%): 268.91
Open to requests for other symbols.
IRBT closing adjusted trade
Getting out for near breakeven/small profit.
Bought to close $IRBT 7/19 90/95 strangle @ 7.05.
Original trade was short May 95 puts. Rolled down and out to June 92.50 puts, then added Jun 95 calls. Subsequently rolled the position out to July 90/95 strangle. Overall profit after adjustments is .28. Lots of work to get back to even but I’ll take it.
LULU
BTC the July 19, 130/210 strangle at .42 cents. Sold yesterday at 1.66
Hat tip to Fuzzy for the idea.
Options Bistro 