SPX Monday

#SPX1dte Sold to Open $SPX Oct 14th 2800/2825-2985/3010 condors for 3.15, IV: 17.01%, SPX close: 2919.

Sold a couple minutes after the closing bell.

Nuts

#Market So we opened the day higher due to reports that “China is open to a partial US trade deal.”

Now this:

https://platform.twitter.com/widgets.js

SBUX iron condor

Sold $SBUX 11/15 iron condor: 70/80/90/100 @ 2.07 with the stock at 85.91. IV rank is high at 69, partly because of earnings in the cycle (expected 10/30 or 10/31 but not yet confirmed). I plan to be out of this trade before then, hopefully for a profit if contracting IV and theta cooperate.

SPX aggressive

#SPX1dte I am considering the Downside Warning and general market weakness. I look at the daily chart and see resistance at 2950 for most of August. I’ve been burned on some of these aggressive spreads recently so I’ll keep a tight leash on it. The biggest risk is, of course, news or a tweet.

Sold to Open $SPX Oct 14th 2950/2975 call spreads for 7.00.

DPZ

BTC DPZ 210/220/270/280 Oct 18 2019 #IC @0.25 (0.05 put and 0.20 call side 0.25 total) – was STO 10/7/2019 @ 1.55

Once again Jeff – many thanks for the data!

#earnings DAL Sold Nov. 15,…

#earnings DAL

Sold Nov. 15, 50/57.50 strangle for 1.64.
Thanks for the data Jeff.

#fallingknife #shortputs NKTR Sold Nov….

#fallingknife #shortputs NKTR HP

Sold Nov. 15, 35 put for 1.55 with stock at 36, earnings Nov. 13.
Sold Nov. 15, 15 put for .85 with stock in the low 16s
Thanks for the #fallingknife list Iceman

DAL earnings analysis

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

July 11, 2019 BO +1.16%
April 10, 2019 BO +1.59%
Jan. 15, 2019 BO +0.16%
Oct. 11, 2018 BO +3.56%
July 12, 2018 BO +1.78%
April 12, 2018 BO +2.93%
Jan. 11, 2018 BO +4.76% Biggest UP
Oct. 11, 2017 BO +0.70%
July 13, 2017 BO -1.76% Biggest DOWN
April 12, 2017 BO -0.52%
Jan. 12, 2017 BO -1.06%
Oct. 13, 2016 BO +1.88%

Avg (+ or -) 1.82%
Bias 1.27%, positive bias on earnings.

With stock at 54.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 51.16 to 56.84
Based on AVERAGE one-day move over last 12 quarters: 53.02 to 54.98
Based on MAXIMUM one-day move over last 12 Q’s (4.8%): 51.43 to 56.57
Based on DOWN max only (-1.8%): 53.05

Open to requests for other symbols.

#doublecalendar, #doublecalendars

DPZ closed

#Earnings Sold to close $DPZ Oct11/Oct18 242.5 #DoubleCalendar for 2.05. Bought Tuesday for 1.05. Only got filled on a 1-lot; should have forced the issue!

DRIP

#BearCallSpreads – Can’t resist…adding one.

Sold DRIP DEC 20 2019 130.0/140.0 Bear Call Spread @ 1.60

UVXY

#ShortPuts – Adding to offset some of the bear call spreads…

Sold UVXY OCT 11 2019 27.5 Puts @ .60

WYNN

#CoveredCalls – Sitting under some resistance so continuing to sell aggressively. Earnings not until first week of Nov so plenty of time for more adjustments/sales before then. Let’s see China prove me wrong! LOL

Sold WYNN OCT 18 2019 105.0 Calls @ 3.00 and 3.05