SPXpired

#SPX1dte Expired: $SPX Feb 10th 3245/3265-3360/3380 condors, sold Friday for 1.25.

More all-time highs. Who could have guessed?

Closing and re-establishing AMD

Taking profits on the short puts and establishing a new trade to continue selling premium on this (IV rank 41).
-Bought to close $AMD 3/20 42 puts @ .40 (sold for 1.20 on 1/29)
-Sold $AMD 3/20 46/60 strangle @ 1.71 with the stock now at 52.20. Delta neutral with both puts and calls at 19

TSLA closing

BTC $TSLA Feb 14th 550/1300 #ShortStrangles for 1.47. Sold for 9.82 last Wednesday. Holding one more per account until tomorrow or Wednesday, then I will look for another strangle.

When the stock peaked at 820 this morning, and the Feb 21st 1100 calls were going for 11.00. Then, when the stock bottomed near 750.00 a couple hours later, that option was under 4.50. So still, incredible swings in option volatility.

ROKU Earnings

#earnings #shortputs
$ROKU STO 2/14 120 put at 4.85

SOXL

#ShortPuts – Feb double dip on this one. Out for a second time…

Bought to Close SOXL FEB 21 2020 190.0 Put @ .40 (sold for 2.50)

DRIP highest strike in June

Sold 6/19 160 call @ 11.30

LABU

#ShortPuts – Lots of interesting looking earnings this week so glad to see some of these filling…

Bought to Close LABU FEB 14 2020 45.0 Put @ .05 (sold for 2.45)

EXAS Earnings

#ShortPuts #Earnings – Jumping in early for tomorrow…

Sold EXAS FEB 14 2020 87.5 Puts @ 1.05

GILD short puts

Been looking for an opportunity to get back into this stock. Nice setup and still high IV (IVR 60). Sold 3/20 65 puts @ 1.59. The major moving averages converging above the strike price so if support doesn’t hold down there I’ll exit. Alternative trade 3/20 65/60 bull put spread for 1.30-1.35.

#fuzzy

SPY

#ShortPuts – Taking this off early after the big bounce…

Bought to Close SPY MAR 20 2020 310.0 Put @ 1.43 (sold for 4.03)

XBI

#ShortPuts – Bought to Close XBI FEB 21 2020 85.0 Put @ .05 (sold for 1.05)

ULTA

#ShortPuts – Staying involved in this one. Selling prior to earnings…

Sold ULTA MAR 6 2020 277.5 Put @ 2.85

AVGO

#ShortPuts – This should be prior to earnings. Selling outside the expected move and well below all major moving averages. China is a risk though…

Sold AVGO MAR 06 2020 287.5 Put @ 2.21

UAA earnings analysis

#Earnings $UAA reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters. I chose $UAA over $UA due to higher daily volume.

Nov. 4, 2019 BO -18.92%
July 30, 2019 BO -12.24%
May 2, 2019 BO +3.53%
Feb. 12, 2019 BO +6.88%
Oct. 30, 2018 BO +27.70% Biggest UP
July 26, 2018 BO +4.55%
May 1, 2018 BO +1.52%
Feb. 13, 2018 BO +17.35%
Oct. 31, 2017 BO -23.70%
Aug. 1, 2017 BO -4.52%
April 27, 2017 BO +9.94%
Jan. 31, 2017 BO -25.74% Biggest DOWN

Avg (+ or -) 13.05%
Bias -1.14%, negative bias on earnings.

With stock at 20.70 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 18.22 to 23.18
Based on AVERAGE one-day move over last 12 quarters: 18.00 to 23.40
Based on MAXIMUM one-day move over last 12 Q’s (27.7%): 14.97 to 26.43
Based on DOWN max only (-25.7%): 15.37

NOTE: 5-day max moves are -28.47% and +30.29%

Open to requests for other symbols.

LULU

BTC $LULU Feb-21-2020 212.5/222.5 #BuPS @0.12. Was STO Jan-27-2020 @1.40

DRIP

STO the March  184 call at 1.85

ROKU calls

#coveredcalls
$ROKU STO 2/14 140 call at 6.79