#coveredcalls
$NUGT STO 1/10 35 calls at .56. Wish I had sold stock first thing this morning. A lot slow on trigger.
$LABU BTC 1/10 56 calls and STO 1/17 58 calls at .31 credit. Stock at 58.07.
#shortputs
$LK BTC 1/10 35 puts and STO 1/17 36 puts at .88 credit. Stock at 39.46.
#SPX1dte That was NOT a fun run up to 3267. But my condor from yesterday has expired worthless.
$SPX Jan 8th 3190/3210-3260/3280, sold yesterday for .80.
#earnings BBBY
Sold, (double checked) a 17 straddle, Feb. 17, for 3.31
Getting out of the double vertical with beer money. Closed the long side for .80 on the last spike but vol getting hammered again so bailing here.
Bought to Close VIX JAN 22 2020 13.5/11.5 Bull Put Spreads @ .71
Originally put the trade on for .05 credit so made .14 woohoo!
Missiles flying, airliners getting shot down, impeachments flying everywhere and we can’t get a volatility spike for more than a couple hours. Crazy days we’re in…
Covered call, BTO stock at 62.70 and STO January 17, 65 call at 1.30, I like the sector and it tested the 50 dayMA.
#earnings STZ
Mistake- I inadvertantly bought a strangle yesterday. I was using my phone from the airport, I’ll blame my eyes. Argghh.
Sold the put for .45, bought for 1.37, hanging on to the very slightly profitable call.
Bought to close $EXPE 4/17 75 puts @ .40. Sold for 1.20 on 11/8/19. Taking the nearly 70% profit off the table with still over 3 months to go to expiration.
#ShortPuts – Whiz confirms and I agree based on some pictures he showed that the 737 was actually shot down last night. I’ll take a shot (no pun intended) out a couple weeks and just prior to earnings.
Sold BA JAN 24 2020 322.5 Put @ 3.10
#SPX1dte Sold to Open $SPX Jan 13th 3290/3315 call spreads for 1.70. I’m not bearish… just don’t think we’ll be moving so fast if we go higher.
I am riding our today’s 3260 call side of condor.
BTC LK 21 FEB 20 24 PUT @.45….STO 1/6 @1.15
STC Jan. 10, 460/480 call spread at 16.00, BTO yesterday at 5.90, still long the February 21, 465/485 call spreads.
$SPX Jan 8 2020 3260/3280 #BeCS (1/2 of Condor) stopped @2.95 – will be a $2.05 loss if the put side expires. Stop was triggered at 3257.5.
#Earnings $BBBY reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Oct. 2, 2019 AC +2.69%
July 10, 2019 AC -3.03%
April 10, 2019 AC -8.75%
Jan. 9, 2019 AC +16.55% Biggest UP
Sept. 26, 2018 AC -20.99% Biggest DOWN
June 27, 2018 AC -3.81%
April 11, 2018 AC -19.95%
Dec. 20, 2017 AC -12.49%
Sept. 19, 2017 AC -15.87%
June 22, 2017 AC -12.12%
April 5, 2017 AC +3.38%
Dec. 21, 2016 AC -9.17%
Avg (+ or -) 10.73%
Bias -6.96%, strongly negative bias on earnings.
With stock at 16.75 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 14.68 to 18.82
Based on AVERAGE one-day move over last 12 quarters: 14.95 to 18.55
sed on MAXIMUM one-day move over last 12 Q’s (21.0%): 13.23 to 20.27
Based on UP max only (+16.6%): 19.52
Open to requests for other symbols.
BTO, May 15, 30 calls at 3.00, making a new high yesterday with good volume. I bought options instead of the stock so I know what my maximum loss will be if I am wrong.
Two days to expiration. STO BA Jan10 320 put for 2.65.
