#coveredcalls $OKTA BTC 2/14 134…

#coveredcalls
$OKTA BTC 2/14 134 and STO 2/21 137 call at .40 debit. Stock at 137.25
$GSX BTC 2/21 40 and STO 3/20 45 call at .65 debit. Stock then fell $4.50 to 36.23. Oh timing where art thou sting?

SHOP

STO $SHOP Feb-21-2020 440/450 #BuPS @1.80. #Earnings.

Did this around lunch time, but hadn’t posted it yet – you can do slightly better now. Actually put my order in a $2, and only got one fill. Adjusted down to 1.80 and got the rest.

SPX 1-dte

#SPX1dte Sold to Open $SPX Feb 12th 3295/3315-3385/3405 condors for 1.05. IV 10.30%, SPX 3357, deltas -.08, +.07

TSLA

#ShortPuts – Profitable stop set on my previous sale. Adding another one 70 points outside the expected move…

Sold TSLA MAR 13 2020 550.0 Put @ 6.10

SHOP put spread

#Earnings Sold to Open $SHOP Feb 14th 465/460 put spreads for 1.40. Filled when stock hit 493.50, so short strike is 5.8% OTM. Stock has dropped more than that only twice on last 12 earnings.

TSLA closed

Closed final batch this morning for .65… Feb 14th 550/1300 #ShortStrangles sold last Wednesday for 9.82.

Watching to sell another one, although premium has come in quite a bit. Need another large move or the excitement may be over.

TAP earnings analysis & trade

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

Oct. 30, 2019 BO -3.09%
July 31, 2019 BO -5.14%
May 1, 2019 BO -7.54%
Feb. 12, 2019 BO -9.44%
Oct. 31, 2018 BO +9.94% Biggest UP
Aug. 1, 2018 BO +3.47%
May 2, 2018 BO -15.40% Biggest DOWN
Feb. 14, 2018 BO +6.26%
Nov. 1, 2017 BO +0.21%
Aug. 2, 2017 BO +2.95%
May 4, 2017 BO +0.92%
Feb. 14, 2017 BO +3.41%

Avg (+ or -) 5.65%
Bias -1.12%, negative bias on earnings.

With stock at 58.35 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 54.76 to 61.94
Based on AVERAGE one-day move over last 12 quarters: 55.05 to 61.65
Based on MAXIMUM one-day move over last 12 Q’s (15.4%): 49.36 to 67.34
Based on UP max only (+9.9%): 64.15

Open to requests for other symbols.

#doublecalemdar, #doublecalendar