NFLX – Earnings play

New NFLX Diagonal Call Spread
Sold NFLX 10/18/2019 340.00 Calls / Bought NFLX 11/22/2019 405.00 Calls @ 0.65 Credit with the stock at 284.

NFLX has confirmed that earnings will be announced Wednesday. The consensus earnings are $1.04, with a high and low of $1.23 and $0.98, respectively. The mean has not changed significantly as the end of the quarter nears.
Expected Timing: After close

Stuff this week

Screen Shot 2019-10-15 at 12.49.13 PM
Screen Shot 2019-10-15 at 12.49.13 PM

Link to calendar:


New NUGT Diagonal Put Spread
Sold to open NUGT 10/18/2019 26.00 Puts / Bought NUGT 11/22/2019 20.00 Puts @ 0.24 Credit with the stock at 26.37.
If the stock stays down here my Dust positions work out really well.
And the short can be rolled four more times if necessary.

SPX 1-dte

#SPX1dte Sold to Open $SPX Oct 16th 2945/2955-3030/3040 condors for .45. 10-wide, double size.
IV 10.34%, SPX 2998.

Closing SPX iron condors

Bought to close Oct 21 2920/2895 put spread + 3035/3060 call spread @ 3.15. Sold for 7.40 on 10/11.
Bought to close Oct 23 2910/2885 put spread + 3045/3070 call spread @ 3.20. Sold for 7.00 on 10/11.

Whiz update

Take it for what it’s worth (free) but it is a nice look at some of the issues simmering below the headlines.

NUGT closed

#ContangoETFs BTC $NUGT Jan 2020 55 calls for .54. Sold for 3.20 on July 18th.