CMG GOOGL Closed

#bearcallspreads
$CMG BTC 7/19 780/770 BECS for .60. STO at 1.95. Thank you @ramie77

#bullcallspreads
$GOOGL STC 7/19 1100/1050 BUCS at 47.00. BTO at 22.80 0n 6/5.

NUGT adding

Sold $NUGT 9/20 44 calls @ 1.10 (highest strike).
I am now short these calls in Sep 26, 30, 31, 35, 39, 44. I could roll the ITM 26 calls up now but it would have to be to December. Could roll to 30 for a small credit but I’m going to wait a bit before I do that.

Closing XBI

Bought to close $XBI 8/16 78 puts @ .48-.49. Sold for 1.21 on 6/24.

WDC covered calls

Sold 7/19 55 calls @ 1.00, against part of my assigned long position.

DAL earnings analysis

#Earnings $DAL reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.

April 10, 2019 BO +1.59%
Jan. 15, 2019 BO +0.16%
Oct. 11, 2018 BO +3.56%
July 12, 2018 BO +1.78%
April 12, 2018 BO +2.93%
Jan. 11, 2018 BO +4.76% Biggest UP
Oct. 11, 2017 BO +0.70%
July 13, 2017 BO -1.76% Biggest DOWN
April 12, 2017 BO -0.52%
Jan. 12, 2017 BO -1.06%
Oct. 13, 2016 BO +1.88%
July 14, 2016 BO +3.58%

Avg (+ or -) 2.02%
Bias 1.47%, positive bias on earnings.

With stock at 59.10 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 57.03 to 61.17
Based on AVERAGE move over last 12 quarters: 57.90 to 60.30
Based on MAXIMUM move over last 12 Q’s (4.8%): 56.29 to 61.91
Based on DOWN Max only (-1.8%): 58.06

Open to requests for other symbols.

Completely out of sync on NFLX

Intraday weakness had me convinced the stock was rejected at resistance and heading lower, and I was looking for quick decay on short dated options. Didn’t work out so I’m closing these before they get out of hand.
Bought to close:
$NFLX 7/12 380 calls @ 4.06 (sold for 2.50)
$NFLX 7/12 382.50 calls @ 2.74 (sold for 1.52)

A TRADE:

TLRY STO 7/12/19 45.5 CALLS @.59 Covered