#SPX1dte Stopped $SPX Jun 26th 2960/2985 calls spreads for 5.60. Condors sold for 3.00 on Monday.
Monthly Archives: June 2019
#earnings KMX
Sold a fuzzballish Big Lizard, July 19, 72.70/80/82.50/85 #ironcondor for 2.82. Thanks for the data Jeff.
KMX dub cal
#Earnings Bought to Open $KMX Jun21/Jun28 83 #DoubleCalendar for .43. Filling slowly, 1 lot every minute or so.
KMX earnings analysis
#Earnings $KMX reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
March 29, 2019 BO +9.61%
Dec. 21, 2018 BO +3.94%
Sept. 26, 2018 BO -1.60%
June 22, 2018 BO +12.86% Biggest UP
April 4, 2018 BO +4.61%
Dec. 21, 2017 BO -3.60%
Sept. 22, 2017 BO +7.77%
June 21, 2017 BO +0.80%
April 6, 2017 BO +2.36%
Dec. 20, 2016 BO +6.09%
Sept. 21, 2016 BO -2.04%
June 21, 2016 BO -4.91% Biggest DOWN
Avg (+ or -) 5.02%
Bias 2.99%, positive bias on earnings.
With stock at 82.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 77.07 to 87.93
Based on AVERAGE move over last 12 quarters: 78.36 to 86.64
Based on MAXIMUM move over last 12 Q’s (12.9%): 71.89 to 93.11
Based on UP Max only (-4.9%): 78.45
Open to requests for other symbols.
RHT earnings ???
#Earnings $RHT reports tonight, but there is no volatility or premium in options expiring tomorrow. I don’t know what’s going on, because all sources say it reports tonight. Time to buy a buttload of long straddles? Anyone know what’s up?
Below are details on earnings one-day moves over the last 12 quarters.
March 25, 2019 AC +0.29%
Dec. 17, 2018 AC 0.00%
Sept. 19, 2018 AC -6.53%
June 21, 2018 AC -14.23%
March 26, 2018 AC +0.86%
Dec. 19, 2017 AC -5.32%
Sept. 25, 2017 AC +4.07%
June 20, 2017 AC +9.58%
March 27, 2017 AC +5.20%
Dec. 21, 2016 AC -13.88%
Sept. 21, 2016 AC +3.86%
June 22, 2016 AC -1.70%
Avg (+ or -) 5.46%
Bias -1.48%, negative bias on earnings.
With stock at 188.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 187.23 to 189.77 (???)
Based on AVERAGE move over last 12 quarters: 178.21 to 198.79
Based on MAXIMUM move over last 12 Q’s (14.2%): 161.88 yo 215.32
Based on UP Max only (+9.6%): 206.56
Open to requests for other symbols.
NUGT at 1-year highs
#ContangoETFs Sold $NUGT Dec 35 calls for 2.85
Also followed @Ramie77, sold Sept 35 calls for 1.40
UBER rolling continues
More NUGT
Sold $NUGT 9/20 35 calls @ 1.40. Highest strike in Sep.
LABU
#ShortPuts – Booking and selling new at the breakout level just below the 50ma. Trying to roll an itm covered call also so wouldn’t mind a pullback.
Bought to Close LABU JUN 21 2019 45.0 Put @ .05 (sold for 2.65)
Sold LABU JUL 26 2019 45.0 Put @ 2.20
SPX 1-dte stopped
#SPX1dte Closed $SPX June 20th (monthlys) 2970/2990 call spreads for 1.75. Condors sold yesterday for 1.00. Cannot allow this to sit overnight as settlement on monthlys is Friday morning’s open. I’ll let the put side expire then.
Good morning
All things hinge on the Fed… finally getting the VIX drop that just would not come.
SPX 1 DTE Expired / TWLO Closed Early / Rolled HIIQ Puts
#spxcampaign #spx1dte
$SPX 6/19 2865/2845/2965/2985 IC. Thank you @jeffcp66
#bups
Closed Early
$TWLO BTC 6/21 130/135 BUPS at .20. STO at 1.70.
#shortputs
$HIIQ BTC 6/19 26 puts and STO 7/19 27 puts at added 2.80 credit.
FB
STO $FB 7/19/2019 165/175 #BuPS @1.20. The 175 Put is 20 delta. Earnings 7/24 (after expire).
ADBE
BTC $ADBE 6/28/2019 255/265 #BuPS @.12.
SPX 1-dte
#SPX1dte Sold $SPX June 20th (monthly) 2845/2865-2970/2990 condors for 1.00, IV: 16.31%, SPX 2922.
NTES
#ShortPuts – For the 8th time this year. Selling just below the 200ma and 2 weeks before earnings. G20 will probably move this thing around a little…
Sold NTES JUL 26 2019 237.5 Put @ 3.03
Continuing to add to NUGT
Sold $NUGT 9/20 31 calls @ 1.15, adding at a higher strike. I had an order in from this morning and got filled but I probably should have waited–you can get quite a bit more now (or maybe a higher strike).
My position is now short:
9/20 26 calls
9/20 30 calls
9/20 31 calls
Get out the way
#SPX1dte Closing call side on a couple condors before the FOMC report. I see the possibility of a strong rally if rates cut, but not a huge dive if they are not. Even so, I have a lot of room to downside in the put sides; call sides were tighter.
BTC $SPX june 19th 2965/2985 call spreads for .20. Condors sold yesterday for 1.00.
BTC June 20th (monthlys) 2960/2980 call spreads for 1.90. Condors sold for 2.50 on June 12th.
#ironcondor LYFT
#tastytradefollow Sold July 19, 52.50/60/70/77.50 iron condor for 2.50.
#closing CMG
June 12, sold July 19, 800/810 call spread for 1.75, bought today for .65, still have a butterfly, going to Q’doba for lunch.
ORCL earnings analysis
#Earnings $ORCL reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
March 14, 2019 AC -0.20%
Dec. 17, 2018 AC +0.26%
Sept. 17, 2018 AC -0.30%
June 19, 2018 AC -7.45%
March 19, 2018 AC -9.43% Biggest DOWN
Dec. 14, 2017 AC -3.76%
Sept. 14, 2017 AC -7.67%
June 21, 2017 AC +8.56% Biggest UP
March 15, 2017 AC +6.22%
Dec. 15, 2016 AC -4.30%
Sept. 15, 2016 AC -4.74%
June 16, 2016 AC +2.69%
Avg (+ or -) 4.63%
Bias -1.68%, negative bias on earnings.
With stock at 52.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 49.84 to 55.16
Based on AVERAGE move over last 12 quarters: 50.07 to 54.93
Based on MAXIMUM move over last 12 Q’s (9.4%): 47.55 to 57.45
Based on UP Max only (+8.6%): 56.99
Open to requests for other symbols.
BYND
TQQQ Combo
BTO July 19, combo for a debit of 1.72
BTO 61 calls @ 3.83
STO 74 calls @ .26
STO 55 puts @ 1.85
#coveredcallcampaign AVGO
Sold July 5, 300 call for .66, cost basis of assigned shares is down to 295, stock is at 276 with a 2.65 ex-div date coming Friday.
EHTH BUCS
#bullcallspreads
$EHTH BTO 7/19 75/80 BUCS at 2.19. Stock at 75.06.
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.
UVXY XBI
#DiagonalBearCallSpreads #ShortPuts – A couple today…
Bought to Close UVXY JUN 21 2019 42.5 Call @ .15 (sold for 2.30)
Bought to Close XBI JUN 21 2019 78.0 Put @ .10 (sold for 2.00)
FB AMZN ISRG FB Spreads Closed / SPX Campaign / LABU Covered Call
#bups
$AMZN BTC 6/21 1750/1740 at .15. STO at 2.15.
$AMZN BTC 6/21 1815/1765 at 1.80. STO at 11.50 Thank you @ramie77
$FB BTC 6/21 180/190 BUPS at 4.50. STO at 2.60
#bucs
$ISRG STC 6/21 480/500 at 17.20. BTO at 10.00
#spxcampaign
$SPX STO 6/26 2795/2770/2960/2985 IC at 2.80
#coveredcalls
$LABU STO 6/28 48 call at 1.70
TQQQ
BTO July 19, 58 calls at 4.15 for a small trade.
Adding NUGT
I’m already short the Sep (9/20) 26 calls. Just added (sold) 9/20 30 calls @ 1.05.
Closing VXX put spread
Sold to close 6/21 31/26 bear put spread @ 3.82. Bought for 2.51 on 5/29. 52% profit.
TQQQ covered call
Sold against stock from assignment. STO 7/19 64 call @ 1.52. I was assigned at 64 so if called away in July, position will be closed for an overall profit.
Taking profits on FB
Bought to close $FB 7/19 165/155 bull put spread @ .59. Sold for 1.72 on 6/12.
Jeff
Same to you and everyone
SPX 9-dte
#SPX1dte Happy Summer Solstice Week, everyone!
Building back some of the hits I took on the screaming run higher:
Sold $SPX June 26th 2770/2795-2960/2985 condors for 3.00.
Smaller account i sold the 5-wide with same shorts for .75
#closing #earnings AVGO
Sold a July 5 big lizard/iron condor for 5.15 bought today for 4.65, too high priced of a stock to mess around, alread assigned 100 shares from last earnings.
Options Expiration
#spxcampaign #spx1dte
$SPX 2840/2820/2915/2930 IC. Sold for .90. Thank you @jeffcp66
#shortcalls
$CLX 160 call. Covered. Sold stock at same time. Gathering shekels while I may.
$LABU 46 call
Happy Father’s Day and a wonderful weekend for all.
Options Expiration
#OptionsExpiration – Just one. A nice chunk of EWZ stock called away for a small gain…
EWZ stock called away @ 40.0 (basis 39.41)
EWW
#ShortPuts – Stock looking weaker and no sense waiting two weeks for a few pennies. Watching for a re-entry…
Bought to Close EWW JUN 28 2019 41.5 Puts @ .13 (sold for .87)
NVDA
#ShortPuts – Another good week for this one. Still trading near the bottom of it’s range…
Bought to Close NVDA JUN 14 2019 145.0 Put @ .30 (sold last Friday @ 2.40)
Sold NVDA JUN 28 2019 140.0 Put @ 2.52
AVGO roll
#Earnings #Rolling Sold $AVGO June 21st 267.5/262.5 put spreads for 2.40.
I have the 270/267.5 put spread expiring today, so at the moment it will be max loss of 2.50. So I rolled to next week, going down ne stark and also widening to 5.
But it is rallying now so loss may be less than 2.50. I wanted to sell the roll before its price dropped much more.
Closing AVGO
Bought to close $AVGO 7/19 230/320 strangle @ 1.75. Sold for 2.92 yesterday.
VXX put spread
Bought $VXX 7/19 28/24 bear put spread @ 1.94 debit. About 1:1 risk/reward. Breakeven 26.06 in 36 days with VXX currently at 27.38.
A TRADE: HIIQ is a…
A TRADE: HIIQ is a weekly for next week. ;>)
HIIQ STO 6/21/19 30.0 CALLS @.65 Semi covered.
Have a great and safe weekend everybody.
SPX 1-dte
#SPX1dte Sold $SPX June 17th 2830/2850-2915/2935 condors for .90. (IV 7.28%, SPX 2887)
Expiring today: June 14th 2825/2845-2915/2935 condors, sold yesterday for 1.00
SQ News…
Square Stock May Get a Boost From Its Cash Card, Analyst Says — Barrons.com
DOW JONES & COMPANY, INC. 1:17 PM ET 6/14/2019
The loyalty features that come with Cash Card from payments company Square can help grow revenue, rather than be a drag on the company’s margins, KeyBanc’s Josh Beck said in a note to clients Friday.
Square stock was down about 1% in Friday trading.
The back story. The company’s stock is up more than 27% in 2019, which is something of a lull for shares that have almost tripled over the past two years.
That longer-term surge has been driven by fast revenue growth due in part to the rising use of credit and debit cards. Square’s Cash app, which competes with PayPal’s Venmo, has also increased in popularity. The Cash Card is a debit card that is linked to customers’ Cash app accounts. That let’s them spend the money in the Cash app for purchases anywhere Visa is accepted.
The Cash Card’s loyalty program is called “Boost” and it lets cardholders choose to receive discounts of 10% or more at various restaurants or coffee shops.
What’s new. The question, Beck noted, is does “the popularity of the loyalty feature crimp Square economics or is it a catalyst to drive ‘everyday’ type of spend and ultimately improve engagement?”
Beck’s analysis left him “more positive on the revenue potential for Cash Card,” he wrote. Overall, the financial cost of the loyalty program will be “more than offset by higher engagement,” from Cash cardholders, he concluded.
Looking ahead. Beck thinks that Square will compound annual revenue growth of about 35% over the next three years and will hit have a 26% margin by 2021. His target price is $100 a share, which represents about 40% upside.
BYND
#ShortCalls – My first trade in this thing. May add a put on any weakness. Expected move of about 23 points next week.
Sold BYND JUN 21 2019 190.0 Call @ 1.60
Econ Calendar for week of 6/24/19
Link to calendar: https://us.econoday.com/byweek.asp?day=24&month=6&year=2019&cust=us&lid=0
TNA
#CoveredCalls – Re-load…
Bought to Close TNA JUN 14 2019 58.5 Call @ .10 (sold for 1.55)
Sold TNA JUN 28 2019 59.0 Call @ 1.80
Closing BYND
Bought to close $BYND 7/19 90/80 bull put spread @ 1.00. Sold for 2.25 on 6/11.
Unrelated–I have a strange hankering for a cheeseburger.
STO $NFLX 315/325 6/19 #bups…
STO $NFLX 315/325 6/21/19 #bups @1.25. 325 puts are ~21 delta.
TRADES: After I did the…
TRADES: After I did the trades, I realized it was a rollup.
GOOS BTC 6/21/19 35.0 PUTS @.35
GOOS STO 6/21/19 37.0 PUTS @1.15 In The Money (ITM)
AVGO Earnings For an IRA,…
AVGO Earnings
For an IRA, closed Jun14 260 #shortputs for about 70% max profit and rolled to Jun21 257.50 for net credit of 2.35. This gets my basis, if assigned next week, near its recent low. IVR was still above 60 earlier in the session when I made the roll.
BYND Quick Puts
#longputs
$BYND BTO 6/14 150 puts at 1.85 and STC 15 minutes later at 3.98. Stock often jumps in morning and has down periods approaching lunch and closing. Luck is important too! 😉
AVGO post-earnings
Sold $AVGO 7/19 250/240 bull put spread @ 2.40.
AVGO Earnings
#Earnings #JadeLizards – A little bounce is letting me out for a decent profit.
Bought to Close AVGO JUN 14 2019 265/280/285 Jade Lizard @ 2.80 (sold for 5.10)
Closed the put side and letting call side expire…
NFLX Roll CC
#coveredcalls
$NFLX BTC 6/14 365 calls and STO 6/21 352.50 calls at 2.01 credit. Stock at 339.49.
TSLA AVGO
BTC $TSLA 6/14 195/205 #BuPS @0.12 Was STO 6/11 @1.35 to offset the loss from a 215/225 #BeCS that started as a 6/19 and got rolled to 7/19 @ -1.09.
BTC $AVGO 305/315 6/19 #BeCS @0.06. Added this to my previously noted 240/250 6/19 #BuPS late yesterday pm @.68. Considered, and now wish I’d done the 300/310 #BeCS instead. #BuPS side is bouncing about break even, at the moment, but is still 7 DTE.
AVGO Jade Lizard
#jadelizard
$AVGO BTC 6/14 265 put at 4.50. STO at 2.45. When BECS 280/285 expires tonight, trade will lose .60.
Options Bistro 