SPXpire

#SPX1dte expiring today:
$SPX July 24th 2955/2975-3025/3045 condors, sold yesterday for .70
$SPX July 24th 2920/2945-3040/3065 condors, sold for 2.85 last Wednesday.

TSLA into earnings

New TSLA Diagonal Call Spread
Sold to open TSLA 07/26/2019 295.00 Calls / Bought TSLA 08/30/2019 350.00 Calls @ 0.37 Credit with the stock at 263.

XLNX Earnings

#Earnings #JadeLizards – Everything seems so overbought I’m having trouble finding anything for tomorrow. XLNX is one of the cheaper ones though with pretty good premium. Playing it like all the others…to the downside with no upside risk.

Sold XLNX JUL 26 2019 121/129/132 Jade Lizards @ 3.03

This would get the stock below the 100ma and just above the 50ma and require a move down of 30 percent more than expected.

EDIT…not very much but still a 1.25% divvy yield at 118. Could probably easily triple that with covered call sales.

IRBT Falling Knife

Post earnings sold Nov 15 55 puts @ 1.40. Stock currently at 73.64.
Thanks for the heads up on this one MikeL/@az947.

FYI IRBT is down 18%

FYI
IRBT is down 18%

#earnings FFIV

I wanted to sell a strangle but no liquidity way out there.
Sold a Sept. 20, -140/-140/+145 ratio spread for 1.11.
Followed on the double calendar as well. Thanks for the data Jeff.

EFX analysis and trade

#Earnings $EFX reports tonight. Below are details on earnings one-day moves over the last 12 quarters.

May 10, 2019 BO +0.30%
Feb. 20, 2019 AC +2.18%
Oct. 24, 2018 AC -14.77% Biggest DOWN
July 25, 2018 AC -3.48%
April 25, 2018 AC -3.22%
March 1, 2018 AC +5.14% Biggest UP
Nov. 9, 2017 AC -0.19%
July 26, 2017 AC -2.41%
April 26, 2017 AC -1.83%
Feb. 8, 2017 AC +5.03%
Oct. 26, 2016 AC -4.30%
July 27, 2016 AC -1.39%

Avg (+ or -) 3.69%
Bias -1.58%%, negative bias on earnings.

With stock at 140.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 134.14 to 146.86
Based on AVERAGE one-day move over last 12 quarters: 135.32 to 145.68
Based on MAXIMUM one-day move over last 12 Q’s (14.8%): 119.75 to 161.25
Based on UP Max only (+5.1%): 147.72

Open to requests for other symbols.

#doublecalendar