#ShortPuts – Booking and re-selling…
Bought to Close NVDA JUN 07 2019 145.0 Put @ .10 (sold for 3.05)
Sold NVDA JUN 14 2019 145.0 Put @ 2.40
Monthly Archives: June 2019
Hi Jeff, I had a…
Hi Jeff, I had a thought, but it seems to good to me, so I must be missing something. No rush, weekend ok, and that is if you have time.
Stock is HIIQ, and I have the 6/21/19 24.0 Covered Calls. Stock is at28.0. I want to buy back the Calls @4.75, I got 1.30 when I sold them. I want to STO the 28.0 Calls for 2.25. My loss on the 24.0 Calls is 4.75-1.30, or -3.45. I get 2.25 for selling the 28.0 Calls + 4 strikes for a debit of 1.20, 3.45-2.25. This strikes me as being a profitable trade with expiration in 2 weeks. Is it, or am I really missing something. Thank you, HonkHonk81
#shortstrangles XLNX
TastyTrade idea sold July 19, 95/120 strangle for 2.40
#closing #shortstrangles AAPL SQ
AAPL May 9, sold June 21, 180/220 strangle for 2.65, bought today for 1.42
SQ May 3, sold a June 21, 65 put for 1.88, May 21 added a short 75 call, bought today for 1.22.
BYND
BTC $BYND 55/60 Jun 21 2019 #BuPS @.10. Was STO 5/21 @1.0
SPX stopped
#SPX1dte Closed the call spread I sold yesterday… bullish action not stopping. Still a couple points above the 13.67 VIX level that would cancel the Downside Warning. But given the action, I have to stop selling call spreads. Will look to try some put spreads on any minor pullback.
Stopped $SPX June 10th 2870/2895 call spreads for 5.25. Sold yesterday for 2.50.
Also watching June 14th 2890/2915 calls, which have a current stop point of 2867.
May Jobs Report
#Jobs — big drop from April’s blowout
+75,000 non-farm payroll jobs, vs. 180K expected
Unemployment at 3.6%, unchanged
U6 unemployment at 7.1%, down by 0.2
Wages up 0.2%, 3.1% year over year
Labor force participation 62.8%, unchanged
April revised down from 263K to 224K
March revised down from 189K to 153K
ILMN
BTO 320/330 Bull call spread at 4.45
CVNA
BTO 60/50 bear put spread at 3.75
ADBE
BTC $ADBE 255/265 Jun 7 #BuPS @0.08. Was Opened 5/25 @1.65.
SPX 5-dte roll
#SPX1dte Tempting fate, I know. Sold $SPX June 10th (Monday) 2870/2895 call spreads for 2.50.
Commissions
I’m working on a spreadsheet and I’d like to know the various commission structures that you all have (or have had in the past). Can everyone reading this give me a brief explanation in the comments? I will start with what I get from Interactive Brokers. If someone else has already commented with the same structure you have or have had, please don’t repeat it.
I am not looking for dollar amounts (although it is fine if you include them). I mainly need the structure; i.e., if there is a ticket charge, if per option price goes down with higher quantity, if there are set prices on all options or if index/ETF/ etc have different prices, etc.
Thanks!
A TRADE:
HIIQ BTO STOCK @29.78
ss
Lost my computer Sunday night, just am getting back. Also lost my contacts from outlook, does anyone know how to export a text file of my contacts from my iPhone so I can import them in outlook?
A TRADE:
HIIQ STO 6/21/19 27.0 PUTS @1.85
ANF BTC 6/7/19 18.0 PUTS @2.01 Took a beating. ;>( Will revisit tomorrow…….maybe.
FIVE SFIX Earnings
#Earnings #JadeLizards #IronFlies – No interest in messing with these beyond today…
Was looking a little weak so booked it:
Bought to Close FIVE JUN 7 2019 117.0/126.0/129.0 Jade Lizard @1.67 (sold for 3.10)
Pulled back just enough to get out at even:
Bought to Close SFIX JUN 7 2019 21.5/24/24/26.5 Iron Flies @ 2.05 (sold for 2.10)
#assignment WDC
I was assigned on a June 21, 55 put that I have been nursing along since July of 2018 grrr. I had collected $473, stock is at 37. I now have 200 assigned shares with a cost basis of 57. Currently yielding almost 6% at this lower stock price.
Sold June 21, 40.50 call for .47.
TRADES:
HIIQ STO 6/21/19 33.0 CALLS @2.10 & 1.89
HIIQ
BTC July 19, 30 puts at 3.20, sold on Tuesday for 6.00, almost a 50% profit so I decided to book it.
$SPX DTE
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.
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.
GOOGL BUPS DOVA Calls Closed / Rolled TQQQ Calls
#bups
$GOOGL BTC 6/21 1145/1160 BUPS at total loss. Stock put to me last night. Nightmare!!!
#coveredcalls
$DOVA BTC 6/21 12.5 calls at .10. STO at .73
$TQQQ BTC 6/14 59 and STO 6/7 50 call for .45 credit. Who knew today would be THAT day.
#earnings CRM
Sold June 21, 130/170 for 1.10, took a while to fill. Thanks for the data Jeff
SPX 1-dte
Sold to Open $SPX June 5th 2730/2750-2830/2840 condors for .95, IV: 13.53%, SPX 2800.
What a face-ripping day for shorts.
Short squeeze
Had not looked at the market until after lunch, that’s what a true short squeeze looks like 🙂
About time we had a green day
CRM Earnings
#JadeLizard #Earnings – Selling the lizard with the put side at the expected move and the call side nearly at the money with the stock up 4 dollars today. Playing for a slight down move with no upside risk.
Sold CRM JUN 7 2019 142.0/150.0/152.5 Jade Lizard @ 2.90
Closing ANET for 50% profit
Bought to close $ANET 6/21 230 puts @ 1.50. Sold for 3.00 on 5/3
Long Leaps still kicking
#LongLEAPs #SyntheticCoveredCalls Still holding long leaps, both underwater but cost basis now about zero after all these calls I have sold. I also ended up long some TQQQ stock at 58.00, which I will hold for the eventual recovery.
Sold $TQQQ June 14th 52 calls for 1.15.
Sold $SQ June 14th 64 calls for .97
A TRADE: #Point & Figure…
A TRADE: #Point & Figure Chart. HIIQ is on a buy signal since 27.0.
HIIQ BTO STOCK @28.51 latest of several buys today.
AMBA earnings analysis
#Earnings $AMBA reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
March 5, 2019 AC +3.74%
Nov. 29, 2018 AC +18.48% Biggest UP
Aug. 30, 2018 AC -3.62%
June 5, 2018 AC -12.93%
March 1, 2018 AC +13.46%
Nov. 30, 2017 AC +14.29%
Aug. 31, 2017 AC -22.35% Biggest DOWN
June 6, 2017 AC -10.24%
Feb. 28, 2017 AC -4.42%
Dec. 1, 2016 AC -11.27%
Sept. 1, 2016 AC -6.67%
June 2, 2016 AC +9.39%
Avg (+ or -) 10.91%
Bias -1.01%, negative bias on earnings.
With stock at 40.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 36.00 to 44.00
Based on AVERAGE move over last 12 quarters: 35.64 to 44.36
Based on MAXIMUM move over last 12 Q’s (22.4%): 31.06 to 48.94
Based on UP Max only (+18.5%): 47.39
Open to requests for other symbols.
SPX puts closed
#SPX1-dte Two extra roll spreads closed:
BTC $SPX June 5th 2700/2675 put spread for .25. Sold for 2.70 last Wednesday.
BTC $SPX June 7th 2675/2650 put spreads for .60. Sold yesterday for 3.10.
June 7th call spread at 2810 under pressure, but not too worries yet. This is a bear trend rally; at least until it isn’t.
CRM earnings analysis
#Earnings $CRM reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
March 4, 2019 AC -0.96%
Nov. 27, 2018 AC +10.27% Biggest UP
Aug. 29, 2018 AC -1.71%
May 29, 2018 AC +1.90%
Feb. 28, 2018 AC +2.73%
Nov. 21, 2017 AC -1.81%
Aug. 22, 2017 AC +0.12%
May 18, 2017 AC -0.39%
Feb. 28, 2017 AC +3.02%
Nov. 17, 2016 AC +3.43%
Aug. 31, 2016 AC -4.41% Biggest DOWN
May 18, 2016 AC +4.13%
Avg (+ or -) 2.91%
Bias 1.36%, positive bias on earnings.
With stock at 145.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 136.15 to 153.85
Based on AVERAGE move over last 12 quarters: 141.76 to 150.24
Based on MAXIMUM move over last 12 Q’s (10.3%): 131.01 to 160.99
Based on DOWN Max only (-4.4%): 139.56
Open to requests for other symbols.
SPX put spread sold to…
SPX put spread sold to offset calls sold this morning.
Sold $SPX Jun 7th 2675/2650 put spreads for 3.10
VXX put spread
Bought $VXX 6/21 32/27 bear put spread @ 2.44. Breakeven 29.56 in 19 days with VXX at 30.82. With all the volatility, the VIX term structure has remained relatively flat (still in a slight contango in the short end of the curve: http://vixcentral.com/).
Getting back in NUGT
Sold $NUGT 9/20 26 calls @ 1.10
A TRADE: Not doing much. Roller Coaster day.
GOOS STO 6/7/19 33.0 PUTS @.75 Near the money. Stop in place. Will only take .25 loss per contract. Only got 2. Risk management. ;>)
TIF earnings analysis
#Earnings $TIF reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
March 22, 2019 BO +3.14%
Nov. 28, 2018 BO -11.82% Biggest DOWN
Aug. 28, 2018 BO +0.99%
May 23, 2018 BO +23.28% Biggest UP
March 16, 2018 BO -5.06%
Nov. 29, 2017 BO -1.58%
Aug. 24, 2017 BO -1.31%
May 24, 2017 BO -8.70%
March 17, 2017 BO +2.71%
Nov. 29, 2016 BO +3.14%
Aug. 25, 2016 BO +6.40%
May 25, 2016 BO +0.06%
Avg (+ or -) 5.68%
Bias 0.94%, positive bias on earnings.
With stock at 90.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 83.84 to 96.16
Based on AVERAGE move over last 12 quarters: 84.89 to 95.11
Based on MAXIMUM move over last 12 Q’s (23.3%): 69.05 to 110.95
Based on DOWN Max only (-11.8%): 79.36
Open to requests for other symbols.
Closing AMZN put spread for a loss
Bought to close 6/21 1750/1740 bull put spread @ 5.38. Sold for 2.35 on 5/29. Will look to reinitiate something once things stabilize a bit more.
SPX 4-dte
#SPX1dte Replacing the call spread that closed this morning:
Sold $SPX June 7th 2810/2835 call spreads for 2.55.
SPX 1-dte
#SPX1dte Closed at the open: $SPX Jun 3rd 2690/2670 put spreads for .10. Condors sold for 1.35 on Friday. I’ll let the 2890 call side expire.
Closed in the pre-market on GTC order: June 5th 2845/2870 call spreads for .25. Sold for 2.80 on Thursday.
Expirations /Assignment
#optionsexpiration
$TQQQ 60 calls Covered by leaps
$TNDM 72 calls Covered
$BA 367.50 calls Covered
$SQ 67.50 calls Covered
$LABU 45 calls Covered
GOOS 53.50 calls Covered. And I am covered by GOOS poop and feathers
#assignment
$FL from 6/21 50/55 BUPS
Has anyone tried/bought the Newest…
Has anyone tried/bought the Newest Indicator from AlphaShark Trade Range?
This is for @Ron, I…
This is for @Ron, I saw no other way for messaging.
Thanks to Jeff for answering some questions about my post, spread, ITM etc.
Hey, just saw your post about GOOS, & ANF, bad trades, sorry, but that’s trading. I’m rolling out the GOOS trade, and holding the ANF until expiration, glad I used risk management in these two trades.
Options Bistro 