TastyWorks trading challenge

Apologies in advance if this was already discussed previously.  Didn’t know how  many of you traded on TastyWorks– I finally read up a bit on their trading challenge and took a leap this morning.  They give you $5,000.00 in capital to paper trade Stocks and ETFs only for two trading sessions, and any gains you make up to $250.00 are added to your individual account as soon as it’s funded with $2,000.00.  Any losses are ignored.

I decided to roll dice on $JD earnings tomorrow before open with 149 shares at $33.39.  I have a GTC order online already at $35.25 to capture the $250.00 if it swings up at least 5.57%.

CSCO long term short puts

Sold $CSCO 4/17/2020 40 puts @ 1.08 with the stock at 44.92.
#FallingKnife

SPX 1-dte

#SPX1dte Sold to Open $SPX Nov 15th 3045/3065-3120/3140 condors for .70, IV 8.62%, SPX 3096

NVDA butterfly

#Earnings Bought Nov 15th 217.5/220/222.5 call #EMButterfly for .19.

SHOP

#CoveredCalls – A little roll out and up…

Rolled SHOP NOV 15 2019 295.0 Call to NOV 22 2019 297.5 Call @ .80 credit

/ES/SPX/SPY #hedge Closed out the…

/ES/SPX/SPY #hedge

Closed out the /ES 2690/2700 back ratio for 300 or a $3025 loss. Just means the market did not crash.

So I have been trying to figure out a cheaper way to do these but still get the 10% coverage for a 10% down move. I came up with a modified risk twist/unbalanced butterfly. Cost about half as much as the back ratio.

BTO the Mar 2020 /ES 2790/2780/2770 butterfly. Ratio is one 2790 sold, bought three 2780 and sold one 2770 for $1690. About half the cost of the back ratio. Still good coverage and could always tweak the ratio if the market really starts to move. So this will only cost about $6800 per year instead of 12k but the deductible stays about the same.

Here is the graph and just put his on 10 minutes ago so can probably do the same. For every 100k in the account I would do 1.

2017-12-01-TOS_CHARTS

ROKU BUPS / BX Puts

#bups
$ROKU STO 12/20/2019120/130 BUPS at 2.50

#shortputs
$BX STO 11/15 53.5 puts at 1.15. Building a stock position. $BX being added to the Morgan Stanley MSCI Index 11/26.

EXPE earnings disaster

Rolled the 125 #jadelizard converted to a #fuzzy down to 95/95 strikes. Short option 15 DTE. When all cleared my cost basis is now 37.33. Need about 0.33 per week to break even and have until Jan 2022 to do it.

I am done with earnings. Too random and binary. 6 out of 9 of my earnings trades this year imploded even with some limited risk positions.

This one trade reduced my yearly profits by about 20% for the year even being only a 7% position in my portfolio.

Black swans are more common than the options price for.

#spycraft Added the Dec 13…

#spycraft

Added the Dec 13 put side since we are just chopping for now. Now that I put the trade on watch the market move.

STO 296/292 CCS for 0.29. 5 contracts completing the IC with the calls at 318/322. 0.63 credit total.

SOXL

BTC December 20, 125 put at .45, sold on November 15 at 4.90 and wish I had sold more.

#earnings #closing HLF October 29,…

#earnings #closing HLF

October 29, sold a Dec. 20, 40 straddle for 5.13, bought today for 4.79. This was the first day this trade was profitable, taking the small gain.

NVDA earnings analysis

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

Aug. 15, 2019 AC +7.25%
May 16, 2019 AC -2.28%
Feb. 14, 2019 AC +1.81%
Nov. 15, 2018 AC -18.75% Biggest DOWN
Aug. 16, 2018 AC -4.90%
May 10, 2018 AC -2.15%
Feb. 8, 2018 AC +6.69%
Nov. 9, 2017 AC +5.26%
Aug. 10, 2017 AC -5.32%
May 9, 2017 AC +17.82%
Feb. 9, 2017 AC -2.37%
Nov. 10, 2016 AC +29.80% Biggest UP

Avg (+ or -) 8.70%
Bias 2.74%, positive bias on earnings.

With stock at 208.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 194.41 to 221.59
Based on AVERAGE one-day move over last 12 quarters: 189.90 to 226.10
sed on MAXIMUM one-day move over last 12 Q’s (29.8%): 146.02 to 269.98
Based on DOWN max only (-18.8%): 169.00

Open to requests for other symbols.

NTAP Earnings

#JadeLizards #Earnings – Stock is rallying so booking it now…

Bought to Close NTAP NOV 15 2019 56/61/62.5 Jade Lizards @ .75 (sold for 1.62)

#earnings #closing WMT WMT bought…

#earnings #closing WMT

WMT bought Dec. 20, 115/125 strangle for 2.15, sold yesterday for 2.62
NTAP bought Dec. 20, 50/70 strangle for .48, sold yesterday for 1.17

Thank you for the earnings data Jeff.

DIS/NFLX

I closed out the rest of the arbitrage at 22.25 his morning.

NVDA Earnings

#ShortPuts #Earnings – My 17th time in this thing in 2019. Highest strike I’ve sold is 165 so I can’t believe I’m doing this. Still wouldn’t mind a pullback to get a better roll in Dec for my DITM covered call.

Sold NVDA Nov 15 2019 200.0 Put @ 3.35