SPX 1-dte

#SPX1dte Sold $SPX Aug 16th 2750/2770-2900/2920 condors for 1.15, IV 20.82%, SPX 2846

BA put spread

Sold $BA 9/20 310/300 bull put spread @ 2.15

#earnings #rolling ANET pain August…

#earnings #rolling ANET pain
August 1 I sold a jade lizard with protection/margin help, 210/230/270/272.50 for 2.46. ANET was around 270 on August 1, around 215 today. I rolled the 210/230 to Sept. 20, 210/240 for 4.82. If it ever goes up, I’ll add a call spread.

#earnings DE Sold Sept. 20,…

#earnings DE

Sold Sept. 20, 120/165 strangle for 1.65, thanks for the data Jeff.

DE earnings analysis

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

May 17, 2019 BO -7.65% Biggest DOWN
Feb. 15, 2019 BO -2.11%
Nov. 21, 2018 BO +2.42%
Aug. 17, 2018 BO +2.35%
May 18, 2018 BO +5.74%
Feb. 16, 2018 BO +1.57%
Nov. 22, 2017 BO +4.32%
Aug. 18, 2017 BO -5.37%
May 19, 2017 BO +7.30%
Feb. 17, 2017 BO +1.00%
Nov. 23, 2016 BO +11.04%
Aug. 19, 2016 BO +13.49% Biggest UP

Avg (+ or -) 5.36%
Bias 2.84%, Strongly positive bias on earnings.

With stock at 142.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 135.54 to 149.46
Based on AVERAGE one-day move over last 12 quarters: 134.86 to 150.14
Based on MAXIMUM one-day move over last 12 Q’s (13.5%): 123.28 to 161.72
Based on DOWN max only (-7.7%): 131.60

Open to requests for other symbols.

XBI

#ShortPuts – Adding to an existing position. A couple strikes lower for similar premium.

Sold XBI SEP 20 2019 78.0 Put @ 2.00

EWW TNA

#CoveredCalls – Assigned early on some EWW and selling against TNA again.

Sold EWW SEP 13 2019 39.5 Calls @ .46

Bought to Close TNA AUG 16 2019 54.0 Call @ .06 (sold for 2.05)
Sold TNA AUG 30 2019 51.5 Call @ 2.18

Rolling just about everything. As…

Rolling just about everything. As I mentioned will not list all my ongoing trades, just list new ones going forward or ones that were listed before I had to drop out.

Tried a directional trade on /ES at the open, lost $700 when my stop was hit.

XBI 82.5 put rolled down to 80 for 9/6 for 0.26 credit. Cb 79.74 if assigned
EOG 85/83.5 #fuzzy rolled out to 9/13 for 0.45 credit. Cb 17.89
LABU 41 puts rolled down to 38 and 9/13 for 0.5, 0.45, 0.55 credits. cb ranges from 37.45-37.55
GILD 65/65 #fuzzy (some of these were on before March injury) rolled for 0.51 credit. Cost basis now 0.53, 3.20, 6.72, and 2.52. A few will be 100% returns and free trades in just a few more rolls.
TQQQ 62.5 rolled down to 60 for 9/13 for 0.67 credit. Cb 59.33

Hope everyone is doing well. I suspect there will be some more rolls before my trades break even or make money.

SPX 6-dte

#SPX1dte Sold to Open $SPX Aug 21st 2900/2925 call spreads for 5.00. This offsets 2725/2700 put side sold yesterday. Call side is more aggressive as I believe we are headed lower over coming days. A fourth Downside Warning fired at yesterday’s close, and I don’t think it was the bottom.

#earnings #closing BABA Bought Sept….

#earnings #closing BABA
Bought Sept. 20, 140/180 strangle for 2.91, sold yesterday for 3.67.