#earnings TGT sold jade lizard/iron condor, Sept. 20, 70/82/86.50/87.50 for 2.48
BIDU sold Oct. 18 strangle, 95/130 for 2.32
LLY bought 95/120 strangle for .67, sold July 29 for 1.04, slow moving earnings trade
Daily Archives: Tuesday, August 20, 2019
CREE earnings analysis
#Earnings $CREE reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
May 1, 2019 AC +2.17%
Jan. 30, 2019 AC +2.04%
Oct. 16, 2018 AC +5.11%
Aug. 14, 2018 AC -7.77%
April 24, 2018 AC -0.27%
Jan. 23, 2018 AC +2.74%
Oct. 17, 2017 AC +16.42% Biggest UP
Aug. 22, 2017 AC -3.56%
April 25, 2017 AC -11.07%
Jan. 24, 2017 AC +5.18%
Oct. 18, 2016 AC -11.07%
Aug. 16, 2016 AC -14.91% Biggest DOWN
Avg (+ or -) 6.86%
Bias -1.25%, negative bias on earnings.
With stock at 58.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 53.27 to 63.73
Based on AVERAGE one-day move over last 12 quarters: 54.49 to 62.51
Based on MAXIMUM one-day move over last 12 Q’s (16.4%): 48.89 to 68.11
Based on DOWN max only (-14.9%): 49.78
Open to requests for other symbols.
CREE calendar
#Earnings Kind of asleep at the wheel today, got to earnings very late. Buying a $CREE 58.5dub cal – will post details in a moment.
SPX 1-dte
#SPX1dte Sold to Open $SPX Aug 21st 2840/2850-2945/2955 condors for .55. 10-wide, double sized. IV 14.15%, 2906.
Closed Aug 21st 2900/2925 call spreads of ra loss at 12.00. Sold for 5.00 last week. Let this run too long, but at least a pullback came today. A weakness in my strategy I must address.
POINT AND FIGURE CHART:
CSII BROKE A DOUBLE TOP WHEN IT BROKE 50.0, A BUY SIGNAL.
OSTK FORMED AND BROKE DOUBLE TOP TODAY, WHEN IT BROKE 20.0, LIKEWISE A BUY SIGNAL. I don’t like this stock though, and usually bet against it, but I don’t fight the CHARTS. I own some short 20.0 calls.
TRADES:
GOOS BTO STOCK @39.22
ADDED CSII @50.26
LABU
#CoveredCalls – Selling another one pretty aggressively…
Bought to Close LABU AUG 23 2019 44.0 Call @ .10 (sold for 3.45)
Sold LABU SEP 20 2019 42.0 Call @ 2.50
#earnings partial #closing WMT August…
REGN
#CoveredCalls – Selling very aggressively to try to shake things up a little…
Bought to Close REGN AUG 23 2019 315.0 Call @ .10 (sold for 3.80)
Sold REGN SEP 06 2019 302.5 Call @ 4.90
Added, a little at a…
Added, a little at a time. 2nd buy today.
CSII BTO STOCK @50.24
#earnings #closing BIDU bought 85/125…
TRADES:
CSII BTO STOCK @49.61 Late post
YETI STO 8/30/19 29.0 CALLS @.55
UBER strangle
#PerpetualRollingStrangles Sold to Open $UBER Sept 13th 32.5/38 strangles for 1.12
