#SPX1dte Sold to Open $SPX 2960/2970-3030/3040 condors for .45… 10-wide, double size position. IV 9.05%, SPX 3006
Daily Archives: Thursday, July 25, 2019
NUGT
BTO August 16, 30 calls at 4.50 because I like the chart on gold. I think GLD goes higher.
#earnings SBUX
Sold Aug. 16, 85/96 strangle for 1.28
Sold Sept. 20, 85/97.50 for 2.08.
I only wanted one of them and have been waiting awhile, both went at the same time.
SPX
STO August 2, 2850/2900 bull put spread at 1.40 but I think you can do better than that now.
SOXL
#ShortPuts – Not my smartest trade with this thing so extended and sitting near a quadruple top. Maybe this’ll stir things up a little. Selling just above the 50ma…
Sold SOXL AUG 16 2019 150.0 Put @ 2.30
FYI ALGN is down 27%
FYI
ALGN is down 27%
TREE is down 17%
Anyone selling puts on BA?
Anyone selling puts on BA?
#earnings #closing PYPL FFIV FB BYND loss TSLA
FFIV closed double calendar for 1.27, bought yesterday for .75, thanks Jeff. Still holding a put ratio spread
PYPL sold Sept. strangle for 1.43, bought today for .96
FB sold Aug. 16 iron condor for 1.62, bought for .70 #tastytradefollow
BYND lost about 400 on a 15 point iron condor gone bad, exited to avoid max loss
TSLA I have an inverted strangle with a short 185 call, that position has a day gain of $3,750, not enough yet but one heckuva improvement
Adding to DRIP at the highest strikes
Sold $DRIP 12/20 115 call @ 10.00 (adding to position)
Sold $DRIP 9/20 115 call @ 3.50
FFIV & EW closed
#Earnings Sold to close $FFIV Jul26/Aug02 147p/148c #DoubleCalendar for 1.61-1.55
Bought yesterday for .88
Sold to close $EW Jul26/Aug02 192.5 call calendar for .10. #DoubleCalendar bought for 1.30 on Tuesday. Move was too large and assignment of short shares was likely to happen tonight.
XBI
#ShortPuts – Starter position out to September. Hoping to build on it from here…
Sold XBI SEP 20 2019 80.0 Put @ 1.55
TNA
#CoveredCalls – Rolling up and out but keeping a little downside protection…
Rolled TNA JUL 26 2019 58.0 Calls to AUG 16 2019 59.0 Calls @ .11 credit
SBUX earnings trade & analysis
#Earnings Bought to Open $SBUX Jul26/Aug02 90p/91c #DoubleCalendar for .38.
$SBUX reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
April 25, 2019 AC +0.44%
Jan. 24, 2019 AC +3.62%
Nov. 1, 2018 AC +9.70% Biggest UP
July 26, 2018 AC +1.36%
April 26, 2018 AC -1.71%
Jan. 25, 2018 AC -4.22%
Nov. 2, 2017 AC +2.11%
July 27, 2017 AC -9.24% Biggest DOWN
April 27, 2017 AC -2.02%
Jan. 26, 2017 AC -4.00%
Nov. 3, 2016 AC +1.89%
July 21, 2016 AC +0.52%
Avg (+ or -) 3.40%
Bias -0.13%, no significant bias on earnings.
With stock at 90.80 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 86.35 to 95.25
Based on AVERAGE one-day move over last 12 quarters: 87.71 to 93.89
Based on MAXIMUM one-day move over last 12 Q’s (9.7%): 81.99 to 99.61
Based on DOWN max only (-9.2%): 82.41
Open to requests for other symbols.
LABU
#ShortPuts – Drug prices back in the news today so taking profits on this one and looking to re-load in XBI. Premium not as good there but no drag to worry about either. Only 100 shares of LABU left so looking to get out of those in the next few weeks too.
Bought to Close LABU JUL 26 2019 45.0 Put @ .55 (sold for 2.20)
Not exactly sure how much this will impact the industry. We can hope for some selling! 🙂 🙂
https://www.reuters.com/article/us-usa-drugpricing-exclusive/exclusive-white-house-preparing-order-that-would-cut-drug-prices-for-medicare-sources-idUSKCN1UJ354
GOOGL earnings analysis
#Earnings $GOOGL reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
April 29, 2019 AC -7.50% Biggest DOWN
Feb. 4, 2019 AC +0.91%
Oct. 25, 2018 AC -1.79%
July 23, 2018 AC +3.89%
April 23, 2018 AC -4.76%
Feb. 1, 2018 AC -5.28%
Oct. 26, 2017 AC +4.26% Biggest UP
July 24, 2017 AC -2.93%
April 27, 2017 AC +3.71%
Jan. 26, 2017 AC -1.39%
Oct. 27, 2016 AC +0.27%
July 28, 2016 AC +3.32%
Avg (+ or -) 3.33%
Bias -0.61%, slight negative bias on earnings.
With stock at 1135.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 1085.58 to 1184.42
Based on AVERAGE one-day move over last 12 quarters: 1097.16 to 1172.84
Based on MAXIMUM one-day move over last 12 Q’s (7.5%): 1049.88 to 1220.13
Based on UP max only (+4.3%): 1183.35
Open to requests for other symbols.
NTES
#ShortPuts -Earnings in a couple weeks so with the stock breaking support I’m getting out for a tiny profit and waiting.
Bought to Close NTES JUL 26 2019 237.5 Put @ 2.70 (sold for 3.03)
Earnings calendar updates
$FSLR confirmed for Aug 1st, after market
$CELG is not confirmed but probably not today
XLNX Earnings
#Earnings #JadeLizard – Big bounce right out of the gate so booking it in case the call spread gets in trouble.
Bought to Close XLNX JUL 26 2019 121/129/132 Jade Lizards @ 1.39 (sold for 3.03)
XLNX
BTC July 26, Jade lizard @ 1.39, sold yesterday at 2.95
Better lucky than smart sometimes.
AMZN earnings analysis
#Earnings $AMZN reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
April 25, 2019 AC +2.54%
Jan. 31, 2019 AC -5.38%
Oct. 25, 2018 AC -7.81% Biggest DOWN
July 26, 2018 AC +0.51%
April 26, 2018 AC +3.60%
Feb. 1, 2018 AC +2.87%
Oct. 26, 2017 AC +13.21% Biggest UP
July 27, 2017 AC -2.48%
April 27, 2017 AC +0.71%
Feb. 2, 2017 AC -3.54%
Oct. 27, 2016 AC -5.13%
July 28, 2016 AC +0.82%
Avg (+ or -) 4.05%
Bias -0.01%, no bias on earnings.
With stock at 1990.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 1916.77 to 2063.23
Based on AVERAGE one-day move over last 12 quarters: 1909.41 to 2070.60
Based on MAXIMUM one-day move over last 12 Q’s (13.2%): 1727.12 to 2252.88
Based on DOWN max only (-7.8%): 1834.58
Open to requests for other symbols.
SNAP closed
#Earnings Closed final $SNAP calls for 3.25. #LongStraddle bought for 2.06 on Tuesday.
EFX closed
#Earnings Sold to close $EFX Jul26/Aug02 140 #DoubleCalendar for .70-.74. Could have gotten more now that it has dropped sharply. Bought yesterday for .55.
Options Bistro 