Some new fees from TDA…

Dear Valued Client,

We want to let you know about a change in policy that will affect trading fees in your account.

Some cash-settled index options carry additional proprietary fees, which are charged directly by options exchanges. Until now, TD Ameritrade has covered your pass-through index options fees.* Beginning on or after January, 2, 2020, we will no longer cover those fees. This policy is consistent with other brokerage firms in the industry.

See below for the fees that will be assessed, per contract traded, for various index options. These fees are subject to change as directed by the exchanges.

These fees will be charged on a per-trade basis.

They will be listed in the “Misc. Fees” field on each trade confirmation and on the TD Ameritrade website.

There are a number of alternative products, such as ETFs, that seek to replicate and track benchmark indices such as the S&P 500. Please visit the ETF Market Center on tdameritrade.com to search for these alternatives.

If you have any questions, please let us know. You can reply to this message to write us, or call Trader Services at 800-672-2098. We’re available 24 hours a day, seven days a week.

Sincerely,

TD Ameritrade Trader Services

fees

SPXpire

#SPX1dte Expiring: $SPX Dec 18th 3150/3170-3220/3240 condors, sold yesterday for .80.

FDX post earnings swoon

Going out to April for a #FallingKnife trade. Sold 4/17 120 puts @ 1.75. Delta 12. Strike would be at a 4 year low if it goes down another 15-20% from here.

MU Earnings

#Earnings #JadeLizards – Just for fun…

Sold MU DEC 20 2019 50.0/55.0/55.5 Jade Lizards @ .80

AVGO

#ShortPuts – Taking another one off…

Bought to Close AVGO DEC 27 2019 307.5 Put @ .35 (sold for 3.10)

STO BA Jan15’21 250 PUT…

STO BA Jan15’21 250 PUT @ 11.10

STO FDX Leap Jan15’21 -…

STO FDX Leap Jan15’21 – 125 PUT @8.60

ZM Calls Rolled Again

#coveredcalls
$ZM BTC 12/27 67 calls and STO 1/17/2020 70 calls at extra .80 credit. Stock now at 67.80.

BOOT

BTC January 17, 35 puts at .25, sold on November 26 for.90 cents. I want to take more risk off the table before January.

DOCU

STO January 17, 67.5 puts at .45, stock is at 74.40 and earnings are not until March.

TNDM BUCS / LK Puts Rolled / OKTA Covered Call

#bucs
$TNDM BTO 1/17/2020 60/70 BUCS at 3.15

#shortputs
$LK BTC 12/20 31 put and STO 12/27 30.50 put at .27 added credit. Stock at 30.56.

#coveredcalls
$OKTA STO 12/20 117 calls at .70

MU

STO January 17, 45/60 strangle for .81 cents

LK

STO January 27, 29 puts at .60 cents.

ACN dub cal

#Earnings . Bought to Open $ACN Dec20/Dec27 202.5 #DoubleCalendar for .55. Only partial fill. Probably need to bid higher now to get filled.

#earnings #closing ROST Nov. 22,…

#earnings #closing ROST KSS

ROST Nov. 22, sold a Jan. 17, 100/115 strangle for 2.40, bought today for 1.97.
KSS Nov. 18, sold Dec. 20, 50/65 strangle for 1.65. Dec. 10, rolled the put to January for .95. Closed position today, making about $100.

COUP

BTC the January 17, 135 puts at 3.80, Fuzzball made me nervous about this one and I took a second look.

ACN earnings analysis

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

Sept. 26, 2019 BO +0.65%
June 27, 2019 BO -0.16%
March 28, 2019 BO +5.19%
Dec. 20, 2018 BO -4.94%
Sept. 27, 2018 BO -1.68%
June 28, 2018 BO +5.89% Biggest UP
March 22, 2018 BO -7.28% Biggest DOWN
Dec. 21, 2017 BO +1.61%
Sept. 28, 2017 BO -0.23%
June 22, 2017 BO -3.95%
March 23, 2017 BO -4.52%
Dec. 21, 2016 BO -4.99%

Avg (+ or -) 3.42%
Bias -1.20%, negative bias on earnings.

With stock at 204.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 195.74 to 212.26
Based on AVERAGE one-day move over last 12 quarters: 197.01 to 210.99
sed on MAXIMUM one-day move over last 12 Q’s (7.3%): 189.15 to 218.85
Based on UP max only (+5.9%): 216.02

Open to requests for other symbols.

MU earnings analysis

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

Sept. 26, 2019 AC -11.09% Biggest DOWN
June 25, 2019 AC +13.34% Biggest UP
March 20, 2019 AC +9.61%
Dec. 18, 2018 AC -7.91%
Sept. 20, 2018 AC -2.86%
June 20, 2018 AC +0.83%
March 22, 2018 AC -7.99%
Dec. 19, 2017 AC +4.02%
Sept. 26, 2017 AC +8.51%
June 29, 2017 AC -5.11%
March 23, 2017 AC +7.40%
Dec. 21, 2016 AC +12.68%

Avg (+ or -) 7.61%
Bias 1.79%, positive bias on earnings.

With stock at 53.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 49.56 to 56.44
Based on AVERAGE one-day move over last 12 quarters: 48.97 to 57.03
sed on MAXIMUM one-day move over last 12 Q’s (13.3%): 45.93 to 60.07
Based on DOWN max only (-11.1%): 47.12

Open to requests for other symbols.