#bullcallspreads
$EHTH BTO 7/19 75/80 BUCS at 2.19. Stock at 75.06.
Daily Archives: Tuesday, June 18, 2019
ADBE Limping Lizard??
SPX 1-dte
#SPX1dte Sold $SPX June 19th 2845/2865-2965/2985 condors for 1.00. IV: 15.24%, SPX 2920.
IV has spiked due to Fed announcement tomorrow. Manage risk and watch your positions for the 2pm ET release.
#calendarspreads LULU DIS XLE
Following at TastyTrade
LULU bought, July 12, short 175 put/Aug. 2 long 175 put spread for 1.50
DIS bought, short July 19, 145 call/long Aug. 16 145 call spread for 1.75
XLE bought, short July 19, 61 put/long Aug. 16 61 put spread for .48
ADBE
BA
BTO January 2021, 370/390 bull call spread at 9.00
I am short the 300 and 250 puts for 2020 which will pay for 55% of the trade if they expire at zero.
TSLA Bear Call
#bearcallspreads
$TSLA STO 7/19 230/240 BECS at 1.91. I have nothing against “clean” energy. Just saying. ;-]
BYND
FB Close Bear Call
#bearcallspreads
$FB BTC 185/190 BECS at 2.75 STO at 1.60 on 6/11
NFLX Rolling Covered Calls
#coveredcalls
$NFLX BTC 6/21 352.50 and STO 6/28 357.50 for even. Stock at 357.14
ADBE earnings analysis
#Earnings $ADBE reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
March 14, 2019 AC -3.95%
Dec. 13, 2018 AC -7.28% Biggest DOWN
Sept. 13, 2018 AC +2.29%
June 14, 2018 AC -2.43%
March 15, 2018 AC +3.05%
Dec. 14, 2017 AC +1.43%
Sept. 19, 2017 AC -4.24%
June 20, 2017 AC +2.36%
March 16, 2017 AC +3.80%
Dec. 15, 2016 AC -1.47%
Sept. 20, 2016 AC +7.11% Biggest UP
June 21, 2016 AC -5.72%
Avg (+ or -) 3.76%
Bias -0.42%, slight negative bias on earnings.
With stock at 278.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 266.34 to 290.66
Based on AVERAGE move over last 12 quarters: 268.03 to 288.97
Based on MAXIMUM move over last 12 Q’s (7.3%): 258.23 to 298.77
Based on UP Max only (+7.1%): 298.30
Open to requests for other symbols.
Closed AVGO
TNDM Rolling Puts
#shortputs
$TNDM BTC 6/21 68.50 puts and STO 7/19 70 puts for 3.30 credit. Stock at 65.98
Closing AVGO
Bought to close $AVGO 7/19 250/240 bull put spread @ .85. Sold for 2.40 on 6/14.
BYND
#ShortCalls – I’ve been real good this year about avoiding these kinds of stocks that make no sense…(see Iceman’s post below)…but couldn’t help myself. Giving back a couple of my earnings trades winners here and walking away. Could be at 90 or 290 by Friday so see ya! Lesson learned.
Bought to Close BYND JUN 21 2019 190.0 Call @ 9.60 (sold for 1.60)
FOMC decision on rate cut is tomorrow
2pm ET
NFLX TSLA NVDA AVGO
BTC $NFLX 315/325 6/21/2019 #BuPS @0.08. Was STO 6/14 @1.25.
STO $NFLX 330/340 6/28/2019 #BuPS @1.15
BTC $NVDA 125/135 6/21/2019 #BuPS @0.08 Was STO 5/24 @1.55.
STO $NVDA 130/140 7/19/19 #BuPS @1.5
BTC $TSLA 185/195 6/21/2019 #BuPS @0.08 Was STO 6/13 @1.05.
BTC $AVGO 240/250 6/21/2019 #BuPS @0.10 ( no fills at 0.08) Was STO 6/7 @1.35
Looking at unwinding a $BYND IC. Started with a 110/120 #BuPS and (foolishly?) added a 180/190 BeCS leg late last week.
Good morning
We have a new web page for options bistro. I had hard time finding this page on this site but, I have found it.
Options Bistro 