#optionsexpiration
$ZYNE 17.5 call Covered
$NFLX 375 call covered (covered for $16.2 per contract but profit on stock reduced dramatically due to subscriber miss) Will rethink keeping $NFLX stock. Been profitable selling calls but the drop a wake up call.
$PYX 22.5 covered call
$LABU 52 and 49 covered call
$EXAS 120 covered call
$SQ 83 covered call
$HIIQ 33 covered call
$ISRG 500/525/530 jade lizard STO 2.84. Thank you lizard master @fuzzballl
$URI 125/135 BUCS Total loss, did not close before earnings. Went from a 50% of max profit to total loss overnight.
Daily Archives: Friday, July 19, 2019
TSLA LULU
Expiring $TSLA 7/19/2019 275/265//190/200 IC. Legged into this on 6/18. Put side was sold @1.7, the calls @1.32.
BTC $LULU 8/16/2019 165/175 #Bups @.67. was STO 7/9 @1.40.
SKX out
#Earnings Never got another rally so out on the rest for small loss, 4.10.
SPX 1-dte
#SPX1dte Sold $SPX July 22nd 2920/2940-3010/3030 for .85, IV 7.53%, SPX 2984
Expiring today: July 19th 2940/2960-3015/3035 condors, sold yesterday for .85
TNA
#CoveredCalls – Not sure where this Iran thing is headed so selling ITM for a little extra downside help.
Bought to Close TNA JUL 19 2019 61.5 Call @ .01 (sold for 2.10)
Sold TNA AUG 02 2019 60.0 Call @ 2.52
#earnings #closing DAL
Bought to close Aug. 16, 55/62.50 strangle for .91, sold, sold for 1.33 on July 10.
HIIQ Put Rolling / BYND Call Rolling
#shortputs
$HIIQ BTC 7/19 28 put and STO 8/16 27 put for added .33 credit.
$HIIQ BTC 7/19 26 put and STO 8/16 25 put for added .70 credit. Stock at 22.84
#coveredcalls
$BYND BTC 7/19 175 call and STO 7/26 177.50 call for 1.80 added credit. Stock at 177.52
HAL earnings analysis
#Earnings $HAL reports Monday morning. Below are details on earnings one-day moves over the last 12 quarters.
April 22, 2019 BO -0.12%
Jan. 22, 2019 BO -3.06%
Oct. 22, 2018 BO -3.03%
July 23, 2018 BO -8.09% Biggest DOWN
April 23, 2018 BO +0.17%
Jan. 22, 2018 BO +6.39% Biggest UP
Oct. 23, 2017 BO -2.51%
July 24, 2017 BO -4.21%
April 24, 2017 BO -0.65%
Jan. 23, 2017 BO -2.92%
Oct. 19, 2016 BO +4.24%
July 20, 2016 BO -1.57%
Avg (+ or -) 3.08%
Bias -1.28%, negative bias on earnings.
With stock at 21.75 the data suggests these ranges:
Based on current IV (expected move into NEXT Friday per TOS): 20.58 to 22.92
Based on AVERAGE one-day move over last 12 quarters: 21.08 to 22.42
Based on MAXIMUM on-day move over last 12 Q’s (8.1%): 19.99 to 23.51
Based on UP Max only (+6.4%): 23.14
Open to requests for other symbols.
FB
BTC $FB 7/26/2019 180/190 #BUPS @1.65. Was STO 7/11 @1.49. Earnings 7/24 after. Taking a small loss and taking some risk off.
Econ Calendar for week of 7/22/19
Link to calendar: https://us.econoday.com/byweek.asp?day=22&month=7&year=2019&cust=us&lid=0
ISRG
#JadeLizards – I’m really liking these Lizards. Safer than playing the typical tastytrade strangles. Seems like I always used to get in trouble to the upside so this eliminates that risk while still bringing in nice premium. Just have to make sure you can take the stock or roll the short put if needed.
Trying another one that’s not an #Earnings play. Put is below nice support below the 200, 100, and 50 day moving averages and outside the expected move.
Sold ISRG AUG 16 2019 500.0/535.0/540.0 Jade Lizard @ 5.93
#earnings HAL
Jeff do you have data for HAL? TDA has earnings Monday AM. It looks like HAL is around a 10 year low.
Thanks
#earnings #closing MSFT
Bought Aug. 16 125/145 strangle for .77, sold yesterday for 1.40
NUGT rolls
#ContangoETFs I don’t want to get caught deeply OTM that really hammered me in 2016 with NUGT’s 100-point run higher. So I’m rolling strikes that get breached. For today, closed them on the pullback and will consider how to roll in coming days.
BTC $NUGT Sep 20th 35 calls for 5.00. Sold for 2.06 on Jan 31st.
BTC $NUGT Dec 20th 35 calls for 7.35. Sold for 2.95 on June 20th.
ILMN
#ShortPuts – Looking weak so taking profits. I’ll keep it on the list for an earnings play later….
Bought to Close ILMN JUL 26 2019 280.0 Put @ .90 (sold for 2.60)
Earnings closing
#Earnings Sold to close first $SKX July 19th 35 long calls for 4.80 and 5.20. #LongStrangles bought yesterday for 4.38.
Sold more $CSX stock for 72.30. Cost basis 71.34.
ISRG SKX Earnings
#Earnings #JadeLizards – Nothing goes down anymore but still worked out ok. A small gain on SKX and decent gain on ISRG thanks to legging in even though I had to chase it to get out.
Bought to Close SKX JUL 19 2019 31.0/35.0/36.0 Jade Lizards @ .98 (sold for 1.20)
Bought to Close ISRG JUL 19 2019 505.0/530.0/540.0 Jade Lizard @ 6.14 (sold for 10.25)
Options Bistro 