WYNN Earnings

Finally confirmed…

LAS VEGAS–(BUSINESS WIRE)– Wynn Resorts, Limited(WYNN) announced today that it will release the Company’s financial results for the second quarter ended June 30, 2019 after the market close on Tuesday, August 6, 2019, followed by a conference call at 1:30 p.m. PT (4:30 p.m. ET).

The call will be broadcast live at www.wynnresorts.com under the “Company Information” section. Interested parties may also dial (888) 455-5965 or, for international callers, (773) 799-3869. The conference call access code is 3983556.

A replay of the call will be available through September 8, 2019 by dialing (888) 567-0385 or, for international callers, (402) 998-1755. The replay access code is 9694971. The call will also be archived at www.wynnresorts.com.

AAPL Earnings

#Earnings #JadeLizard – The usual. Playing for a down move just outside the expected move with no upside risk. Going out to Aug monthly for a little more room.

Sold AAPL AUG 16 2019 195.0/212.5/215.0 Jade Lizard @ 2.51

SPX 1-dte

#SPX1dte Sold $SPX July 31st 2945/2965-3050/3070 condors for 1.20. IV 14.64%, SPX 3013.

Juicy premium due to the Fed announcement. I think everyone knows what the decision will be, but no one knows what it will do to the market once they confirm it. My guess is: not much. But I’ll be prepared if I’m wrong.

ADP earnings analysis & trade

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

May 1, 2019 BO -4.20%
Jan. 30, 2019 BO +4.03%
Oct. 31, 2018 BO +4.96%
Aug. 1, 2018 BO -1.76%
May 2, 2018 BO +2.74%
Jan. 31, 2018 BO +2.33%
Nov. 2, 2017 BO -0.91%
July 27, 2017 BO +9.10% Biggest UP
May 3, 2017 BO -6.24% Biggest DOWN
Feb. 1, 2017 BO -5.68%
Nov. 2, 2016 BO +3.52%
July 28, 2016 BO -3.37%

Avg (+ or -) 4.07%
Bias 0.38%, no significant bias on earnings.

With stock at 166.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 159.56 to 172.44
Based on AVERAGE one-day move over last 12 quarters: 159.24 to 172.76
Based on MAXIMUM one-day move over last 12 Q’s (9.1%): 150.89 to 181.11
Based on DOWN max only (-6.2%): 155.64

Open to requests for other symbols.

#doublecalendar

#earnings AAPL

Sold Sept. 20, 190/225 strangle for 3.64. Thanks for the data Jeff.

Anyone selling puts on COF?

Anyone selling puts on COF?

#earnings EA

Sold Sept. 20, 75/100 strangle for 1.79, just outside the 1 day max moves. Thanks for the data Jeff.