Rolls and adjusting

Last 2 weeks just adjusted several puts that went ITM from all the tweets.

Anyway, showing some profits this week so rolling and resetting.

/ES hedges closed for a $230 loss. Considering they cost $2398 they did their job. Kept me in trades and generated some cash on the first twitter drop. Reset to 106 DTE at the 2690/2700 back ratio, short 2:4 long for $3225. Hope I don’t need them but if so the lottery ticket will pay for future hedges. It was cheaper today with the VIX drop.

#pietrades XBI ladder at the 78/80/82 strikes. Rolled the 80 down to 79 and out 22 DTE for 1.19. Total credit 1.45 so cost 77.60 if assigned (include commisions). The other are 81.77 and 77.60.
JPM 106 puts closed for 0.15 or 1.19 profit per contract.
IBB STO 99 22 DTE put for 1.00.
LABU 3 lots at the 38 strikes will take assignment and convert to CC true #pietrade style. Spreads were too wide to roll since really close to ATM.

#fuzzy
EOG 85/74.5 and 75/75 puts rolled and cost basis now 24.19. Not the best candidate for LEAPs as the long options were expensive but saved some bacon.
GILD 65/65 will roll next week. CB 1.97. 2 more rolls should be 100% returns and free trade after that. Good until 2021. This was also a recovery from when it was closer to 80 so not a bad recovery.
GILD 65/65 rolled for credit, now free trade. Have 0.39 credit per contract. The other 2 batches in this account are 2.28 and 6.08 debits.
LNG 60/60 put spread CB 9.30. Will roll in 1-2 weeks.
XBI 80/80 calls at 2.13
XBI 80/85 at 0.77 credit per contract (free trade :)). Still have to 2021 to keep selling against it or just sit on the long calls if it starts going up again.
80/83 at 6.00. Cost basis was 11.63 and started 6/21 so 51.5% return since June 21 this year. I think #fuzzy LEAP spreads are the clear winners for smaller accounts. But certain names trade better than others. You want to buy as cheap a LEAP as you can find then sell expensive weekly options against it.
LNG 65/65/61.5/59.5 down to 8.66. Converted about 3 weeks ago when a bunch of puts went deep ITM. Excellent return here as well, initial cost was 11.12 so 33% in 3 weeks.

Trade smart!

#earnings ZM Sold Sept. 20…

#earnings ZM
Sold Sept. 20 #jadelizard for.3.38, 85/93.50/94
Bought Sept. 1370/80 long put spread for 1.20

Low VIX today, Jobs Report tomorrow

#Market #Jobs. Is the volatility finished and are we headed again to new highs? Today we touched the lowest VIX reading since August 1, the day after the Downside Warning started. And tomorrow morning we get the August jobs report.

SPX 1-dte

#SPX1dte Sold $SPX Sept 6th 2910/2930-3015/3045 condors for .85 and .90. IV 12.58%, SPX 2980

#shortputs WORK Sold Sept. 20,…

#shortputs WORK

Sold Sept. 20, 29 put for .95

SPX 1dte

Options Trade expiration 9-6-19
SPX bull put credit, sell 2920 put, buy 2900 put, premium=0.35
SPX bull put credit, sell 2930 put, buy 2915 put, premium=0.45
AMZN bull put credit, sell 1800 put, buy 1795 put, premium=0.20-0.25
GOOGL bull put credit, sell 1185 put, buy 1180 put, premium=0.20

SPX spread stopping

#SPX1dte Today’s rally already blew past my stop for the call side of the $SPX Sep 11th 2825/2845-2995/3015 condor, sold yesterday for 2.20. I closed the put spread for .20 and looking to close the call side (at a loss) before the close.

Posted this as a comment…

Posted this as a comment earlier, but it didn’t show up.

STO $LULU Sept 13 2019 160/170 #BuPS @1.85.
Holding $LULU Sept 20 2019 150/160 #BuPS STO @1.59 on 8/19.

Also – Thanks for the data!

#earnings LULU Sold Sept. 20,…

#earnings LULU

Sold Sept. 20, 170/187.50/190 jade lizard for 4.85
Bought Sept. 13, 155/167.50 for 1.90 for protection on the downside.
Thanks for the data Jeff.

#bups

NVDA

BTC $NVDA 140/150 #BuPS @0.12. Was STO 8/27 @1.37.

ROKU call spread

Coming off its all time high yesterday, down today in a strong market. Sold $ROKU 9/20 170/180 bear call spread @ 2.80.

#closing OXY Aug. 21 sold…

#closing OXY

Aug. 21 sold a #jadelizard for 1.38, bought today for .83

LULU earnings analysis

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

June 12, 2019 AC +2.12%
March 27, 2019 AC +14.12%
Dec. 6, 2018 AC -13.36%
Aug. 30, 2018 AC +13.08%
May 31, 2018 AC +16.31% Biggest UP
March 27, 2018 AC +9.21%
Dec. 6, 2017 AC +6.42%
Aug. 31, 2017 AC +7.19%
June 1, 2017 AC +11.54%
March 29, 2017 AC -23.43% Biggest DOWN
Dec. 7, 2016 AC +15.04%
Sept. 1, 2016 AC -10.55%

Avg (+ or -) 11.86%
Bias 3.97%, positive bias on earnings.

With stock at 185.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 167.54 to 202.46
Based on AVERAGE one-day move over last 12 quarters: 163.05 to 206.95
Based on MAXIMUM one-day move over last 12 Q’s (23.4%): 141.65 to 228.35
Based on UP max only (+16.3%): 215.17

Open to requests for other symbols.