SPX expires

#SPX1dte Expiring today:

$SPX Oct 21st 2935/2955-3025/3040 condors, sold Friday for 1.20
$SPX Oct 21st 2975/2950, put spreads sold last Tuesday for 4.90.

I am flat SPX tonight.

SEDG

BTO December 90/110 call spread at 5.40

BIIB earnings analysis and trade

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

July 23, 2019 BO +4.90% Biggest UP
April 24, 2019 BO -2.52%
Jan. 29, 2019 BO +1.35%
Oct. 23, 2018 BO +0.19%
July 24, 2018 BO +4.10%
April 24, 2018 BO +1.09%
Jan. 25, 2018 BO +2.08%
Oct. 24, 2017 BO -3.90% Biggest DOWN
July 25, 2017 BO -0.61%
April 25, 2017 BO +3.62%
Jan. 26, 2017 BO +2.06%
Oct. 26, 2016 AC -1.87%

Avg (+ or -) 2.36%
Bias 0.87%, positive bias on earnings.

With stock at 225.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 212.84 to 237.16
Based on AVERAGE one-day move over last 12 quarters: 219.70 to 230.30
Based on MAXIMUM one-day move over last 12 Q’s (4.9%): 213.98 to 236.03
Based on DOWN max only (-3.9%): 216.23

Open to requests for other symbols.

CMG

New CMG Diagonal Call Spread
Sold CMG 10/25/2019 925.00 Call / Bought CMG 11/15/2019 970.00 Call @ 1.70 Credit.
More premium and a 5 point higher short position than the one I did this morning.
The stock is 849 so the short is 76 Points OTM.

Doing these one at a time

UVXY

#ShortCalls – Really trying to stir things up now. Selling calls as UVXY hits lifetime lows. Still outside the expected move and against more puts so hope they take some heat.

Sold UVXY NOV 8 2019 25.0 Calls @ .72

NTES

#ShortPuts – Haven’t been in this one in awhile. Trying to stir things up. Selling at the 50ma the week before earnings…

Sold NTES NOV 08 2019 265.0 Put @ 2.90

ISRG

BTC $ISRG 10/25 585/595 #BeCS @.20. STO 10/18/2019 @1.20