#earnings #closing FDX This morning…

#earnings #closing FDX

This morning sold Jan. 17. 135/185 strangle for 1.37, bought this afternoon for 1.09. I’ve added the double calendar that Jeff put on.

HIIQ Call Rolled / AMZN BUCS Partial Close

#coveredcalls
$HIIQ BTC 12/20 21 call and STO 1/17 25 call at added .30 credit. Stock at 22.

#bucs
$AMZN BTC 12/20 1760/1800 BUCS at 24.00. BTO on 12/9 for 15.98.

BA put spread

Every time I think the bad news has to be over something else comes out that proves me wrong. But I’m doing a technical trade here with the stock bouncing off its lows and looking to climb back inside the bollinger bands. Sold $BA 1/17 310/300 bull put spread @ 1.52 with the stock now above 328. Short puts at 22 delta. IVR is relatively low (15) so volatility contraction won’t help me here. Need time and hopefully direction to get out of this early.

COUP

STO January 17, 135 puts at 4.10

SPX 1-dte

#SPX1dte Sold $SPX Dec 18th 3150/3170-3220/3240 condors for .80, IV 7.89%, SPX 3195.

Since Upside Warning s firing today, this leans bullish, with usual .06 delat on call side but .10 on put side.

FDX dub cal

#Earnings Bought to Open $FDX Dec20/Dec27 162.5 #DoubleCalendar for .85.

Betting on Higher Vol.

STO VIX Jan22 13.5 Puts @ .75

#LittleRocketMan and the VIX is at the low end of its range.

Closing HD

Bought to close $HD 1/17 205/195 bull put spread @ .34. Sold for 1.89 on 12/3. With a month to go and IV now really low (IVR down to 7), no sense keeping this trade open any longer.

Christmas Surprise??

As long as I’m resurrecting old hashtags how about this one? Lol

#LittleRocketMan **

https://www.cnn.com/2019/12/04/asia/north-korea-christmas-gift-kim-jong-un-intl-hnk/index.html

** Might not be the exact old hashtag but seems to work now.

AVGO Earnings

#ShortPuts #Earnings – Went out an extra week for the premium. Nice rally so booking it.

Bought to Close AVGO DEC 20 2019 310.0 Put @ .30 (sold for 3.30)

#earnings FDX Sold Jan. 17,…

#earnings FDX

Sold Jan. 17, 135/185 strangle for 1.37.

Thanks for the data Jeff.

TNA TQQQ

#TakeOneForTheTeam – A hashtag I haven’t used in a long long time but I think the time is now…

Sold TNA DEC 27 2019 68.5 Put @ 1.02
Sold TQQQ JAN 03 2020 79.0 Put @ 1.23

ADBE

ADBE made a new high on Friday based on earnings. So, I did the following  for April and a net credit of 2.55

BTO 325  call at 18.04

STO 345 call at 9.43

STO 310 put at 11.14

FDX earnings analysis

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

Sept. 17, 2019 AC -12.91% Biggest DOWN
June 25, 2019 AC +2.52%
March 19, 2019 AC -3.49%
Dec. 18, 2018 AC -12.16%
Sept. 17, 2018 AC -5.53%
June 19, 2018 AC -2.69%
March 20, 2018 AC -1.17%
Dec. 19, 2017 AC +3.51% Biggest UP
Sept. 19, 2017 AC +2.08%
June 20, 2017 AC +1.60%
March 21, 2017 AC +2.12%
Dec. 20, 2016 AC -3.33%

Avg (+ or -) 4.43%
Bias -2.45%, negative bias on earnings.

With stock at 162.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 150.97 to 174.03
Based on AVERAGE one-day move over last 12 quarters: 155.31 to 169.69
sed on MAXIMUM one-day move over last 12 Q’s (12.9%): 141.52 to 183.48
Based on UP max only (+3.5%): 168.20

Open to requests for other symbols.

BA

STO December 2020, 250 put at 13.00

REGI

Yesterday I bought the January 17, $20 call option  based on the chart at 2.35  and got lucky and sold them at 6.90 this morning. I still don’t know the news that made it go up.

SPX 6-dte

#SPX1dte In honor of likely Upside Warning: Sold $SPX Dec 23rd 3160/3135 put spreads for 2.00.