BYND barely budging

They lost .24 per share, vs. .08 loss expected.

#becs, #bups

UUP going up

I’m stealing this idea from Options Action. I usually hate their trades but this was a pretty simple one…

Bought to open $UUP Sept 26 calls for .72.
(this is one of those ETFs that trades until 4:15 eastern)

ETF closed at 26.57, so I’m only paying .15 of extrinsic value, on a bet the dollar goes higher after the rate cut.

#earnings GRUB SIRI

GRUB Sold Aug. 16,70/90 strangle for 3.75. Thanks for the data Jeff
SIRI (Serius Radio) bought an Aug. 16, 6 straddle for .55.

SPX 4-dte

#SPX1dte Sold $SPX Aug 2nd 2935/2960-3070/3095 condors for 2.60.

Risky as this is a big week for news and earnings, but .11/.09 short deltas make me comfortable.

Expiring today: 2985/2995-3050/3060 condors, double-size position sold Friday for .45

GRUB earnings analysis

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

Feb. 7, 2019 BO -2.00%
Oct. 25, 2018 BO -11.98%
July 25, 2018 BO +23.53%
May 1, 2018 BO -8.39%
Feb. 8, 2018 BO +27.36% Biggest UP
Oct. 25, 2017 BO +11.17%
Aug. 3, 2017 AC +9.05%
April 27, 2017 BO +22.55%
Feb. 8, 2017 BO -3.51%
Oct. 26, 2016 BO -12.69% Biggest DOWN
July 28, 2016 BO +24.10%
May 3, 2016 BO -7.12%

Avg (+ or -) 13.62%
Bias 6.01%, very positive bias on earnings.

With stock at 79.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 68.90 to 89.10
Based on AVERAGE one-day move over last 12 quarters: 68.24 to 89.76
Based on MAXIMUM one-day move over last 12 Q’s (27.4%): 57.39 to 100.61
Based on DOWN max only (-12.7%): 68.97

Open to requests for other symbols.

BYND earnings trade

#Earnings Sold to Open #JadeLizard with disaster protection, making it a Broken-Wing Iron Condor:

Sold Aug 2nd 230/232.5 call spread AND 175/145 put spread, for 3.87. No upside risk… downside max risk 30.00.

BYND Earnings

#Earnings #JadeLizards – I feel like I’ve gotta play this just for the excitement aspect…LOL. I like @matt0311 ‘s idea which is similar to how I’ve played most of these earnings lizards. Selling call spread at the money and giving the put side room outside the expected move. In this case I’m also adding the junk long put in case this thing absolutely implodes. I’m also short some ITM call spreads so I wouldn’t hate a test of my put here.

Sold BYND AUG 2 2019 140/170/225/227.5 Jade Lizard (skewed iron condor?) @ 3.16