#coveredcalls
$ROKU BTC 1/31 144 calls and STO 1/31 135 calls at added .63 credit
$NUGT BTC 1/31 33.50 calls and STO 2/7 34.50 calls at even
$ZM BTC 1/31 75 calls and STO 1/31 73 calls at added .45 credit
#spx1dte
$SPX 1/27 3195/3215/3330/3350 STO for 1.05. I was away and didn’t know how frightened
I should have been. Thank you @jeffcp66
#VIXindicator The $VIX closed well over 25% higher than Thursday’s close (2-day closing low) so a Downside Warning took effect. Highest VIX readings since October 10th. Expect further downside in the market in the coming days or weeks.
#VXXGame Bought $UVXY March 20th 35 calls for .31. Adding more longs to sell against. Already sold March 25 calls last week, as well as VXX March 25 calls.
I haven’t started selling yet. I’m going to wait for higher volatility…. that may mean I miss out on this current pop, but that’s okay. I’d prefer to wait and possibly miss out, than sell in the early days of a bigger correction.
#ShortPuts – I’ll join in. This should be before earnings by a week or two but I’m not sure…
Sold LK FEB 7 2020 30.0 Puts @ 1.01
LK STO 1/31/20 35.0 PUTS @1.40
LK STO 1/31/20 39.5 CALLS @1.95
LK STO 1/31/20 40.0 CALLS @1.55
LK STO 1/31/20 40.5 CALLS @1.35
LK ST0 2/7/20 43.0 CALLS @1.50
LK BTC 1/31/20 47.5 CALLS @.05
LK STO 1/31/20 30.5 PUTS @.55
GDX STC STOCK 229.23
Question about stop orders for long stock positions.
Do you use any stop orders for long stock positions?
Some recommend 5-10% below purchase price.
I tend to hold for too long…
LK
STO LK Feb21’20 23 PUT @1.05
#Earnings $MMM reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
Oct. 24, 2019Â BO -4.07%
July 25, 2019Â BO -0.71%
April 25, 2019Â BO -12.94% Biggest DOWN
Jan. 29, 2019Â BO +1.94%
Oct. 23, 2018Â BO -4.37%
July 24, 2018Â BO +0.92%
April 24, 2018Â BO -6.83%
Jan. 25, 2018Â BO +1.88%
Oct. 24, 2017Â BO +5.91% Biggest UP
July 25, 2017Â BO -5.05%
April 25, 2017Â BO +0.46%
Jan. 24, 2017Â BO -1.42%
Avg (+ or -) 3.88%
Bias -2.02%, negative bias on earnings.
With stock at 177.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 169.30 to 185.70
Based on AVERAGE one-day move over last 12 quarters: 170.62 to 184.38
Based on MAXIMUM one-day move over last 12 Q’s (12.9%): 154.53 to 200.46
Based on UP max only (+5.9%): 187.99
Open to requests for other symbols.
STO $LULU Feb 21 2020 212.5/222.5 #BuPS @1.4. Stock @235, 25 days to expire, Short option 22 delta, earnings 3/25.
