#SPX1dte Sold $SPX Jun 26th 2865/2875-2945/2955 condors for .55. Due to lower premium I am trying a different approach: wings that are only 10-wide and double the position size. Risk is theoretically the same… and it should be the same in practice too, as the spreads will be cheaper to exit when stops are hit since the closer-in long options will have more value.
IV: 10.79%, SPX 2916
#ShortPuts – Thanks @geewhiz112 for the idea. Earnings should be the following week. 6.8% divvy at the basis I would receive the stock.
Sold ABBV JUL 19 2019 65.0 Put @ 2.01
Sold July 19, 29/37 strangle for 1.06, profitable just outside the 1 day max moves. Thanks again Jeff.
Sold $AAPL 7/19 190/180 bull put spread @ 1.70 credit with the short strike at 30 delta, right around support,
#shortputs
$ABBV STO 7/19 65 put at 1.80. Stock dropped today on acquisition of Allergan.
Bought $VXX 7/12 28/24 bear put spread @ 2.00. 1:1 risk/reward. Will look to take off for around 3.00.
#bullputspreads
$AMZN STO 7/19 1830/1880 BUPS at 6.35. Stock at 1895.73
$CMG at resistance, now close to the low of the day. Sold 7/19 770/780 bear call spread @ 1.86 with the stock at 733.29.
Sold $ROKU 7/19 90/85 bull put spread @ 1.22.
A TRADE: A short strangle. Keeps margin costs down.
TLRY STO 6/28/19 48.0 CALLS @1.06
TLRY STO 6/28/19 45.5 PUTS @1.10
#coveredcalls
$PYX STO 7/19 22.5 call at .75. Stock initiated at Imperial Capital at outperform with target of $71. Price currently at 17.98, up $4.52 today. Going to look at selling some puts or way out calls.
#bullputspreads
$FB BTC 7/19 165/155 BUPS at .17. STO on 6/12 for 1.70. Thank you @ramie77
TLRY BTO STOCK @47.38
GOOS BTC 7/5/19 38.0 CALLS @.75 Fat finger trade from yesterday. Lost commission expense.
#Earnings $MU reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
March 20, 2019 AC +9.61%
Dec. 18, 2018 AC -7.91%
Sept. 20, 2018 AC -2.86%
June 20, 2018 AC +0.83%
March 22, 2018 AC -7.99%
Dec. 19, 2017 AC +4.02%
Sept. 26, 2017 AC +8.51%
June 29, 2017 AC -5.11%
March 23, 2017 AC +7.40%
Dec. 21, 2016 AC +12.68% Biggest UP
Oct. 4, 2016 AC -0.56%
June 30, 2016 AC -9.15% Biggest DOWN
Avg (+ or -) 6.39%
Bias 0.79%, slight positive bias on earnings.
With stock at 33.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 30.71 to 36.29
Based on AVERAGE move over last 12 quarters: 31.36 to 36.54
Based on MAXIMUM move over last 12 Q’s (12.7%): 29.25 to 37.75
Based on DOWN Max only (-9.2%): 30.43
Open to requests for other symbols.
#SPX1dte BTC $SPX June 26th 2900/2875 put spreads for .30. Condors sold Friday for 2.45; will let the 3000/3025 call side expire.
Also, expired yesterday: June 24th 2890/2910-2985/3000 condors, sold Friday for .65
#Earnings $FDX reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
March 19, 2019 AC -3.49%
Dec. 18, 2018 AC -12.16% Biggest DOWN
Sept. 17, 2018 AC -5.53%
June 19, 2018 AC -2.69%
March 20, 2018 AC -1.17%
Dec. 19, 2017 AC +3.51%
Sept. 19, 2017 AC +2.08%
June 20, 2017 AC +1.60%
March 21, 2017 AC +2.12%
Dec. 20, 2016 AC -3.33%
Sept. 20, 2016 AC +6.89% Biggest UP
June 21, 2016 AC -4.53%
Avg (+ or -) 4.09%
Bias -1.39%, negative bias on earnings.
With stock at 158.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 148.85 to 167.15
Based on AVERAGE move over last 12 quarters: 151.54 to 164.46
Based on MAXIMUM move over last 12 Q’s (12.2%): 138.79 to 177.21
Based on UP Max only (+6.9%): 168.89
Open to requests for other symbols.
Options Bistro 