Daily AT40 (T2108) is below 20%
Daily Archives: Wednesday, February 26, 2020
Closing NUGT, SPXpire
#ContangoETFs . I am closing $NUGT at breakeven because I think chances are it will still go higher and I don’t want to get into another $DRIP situation right now.
BTC NUGT June 47 calls for 3.75. Sold for 3.80 on Dec 24.
BTC NUGT Sep 52 calls for 4.75. Sold for 4.80 on Feb 21.
#SPX1dte Expiring: $SPX Feb 26th 2970/2990-3220/3240 condors, sold yesterday for 1.30.
AAPL collar
Put on a zero cost collar to protect my long stock in $AAPL from any more potential big shocks:
Bought $AAPL 3/20 250 puts @ 2.03
Sold $AAPL 3/20 317.50 calls @ 2.03
Stock around 291.
The puts are above the 200 day moving average, the calls up at resistance.
DRIP adjustment/adds
I did these a little while ago when DRIP was still under 150. What a crazy move in oil.
Rolled in the money 3/20 125 call up and out to 6/19 155 call (which was out of the money at the time but not anymore) for 1.95 credit.
Sold the new highest strike 3/20 220 call @ 5.00. Obviously you can do quite a bit better now. I have an offer in for another contract above where it’s trading now.
UNH
#ShortPuts – Selling the week prior to earnings and down near 2 year lows and just outside the expected move.
Sold UNH APR 03 2020 230.0 Put @ 3.60
A TRADE:
SPCE STO 2/28/20 31.0 PUTS @1.02 Will take the stock if put to.
TQQQ
STO April 3, 55/105 strangle at 3.70
#earnings SQ Sold March 20,…
#earnings SQ
Sold March 20, 65/95 strangle for 1.62.
Thanks for the data Jeff
TRADES: Not doing too much.
SPCE BTO STOCK @32.45 & 33.25 50 SHARES EACH
SPCE STO 2/28/20 35.5 CALL @1.10
AMZN BuPS
STO 6 Mar 1950/1945P for 1.24
#earnings #closing CRM Yesterday sold…
HD
BTO Mar 20 237.5/240 Calls $1.22 #supercharger
#fallingknife #putratiospread VIAC Working off…
#fallingknife #putratiospread VIAC #shortputs MRO
Working off of Iceman’s list, VIAC sold April 17, -24/-24/+25 ratio spread for .50
MRO sold March 6, 8.50 put for .18
SQ earnings analysis
#Earnings $SQ reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Nov. 6, 2019 AC +5.00%
Aug. 1, 2019 AC -14.05% Biggest DOWN
May 1, 2019 AC -7.98%
Feb. 27, 2019 AC +2.42%
Nov. 7, 2018 AC -9.02%
Aug. 1, 2018 AC +8.65%
May 2, 2018 AC +1.13%
Feb. 27, 2018 AC +0.30%
Nov. 8, 2017 AC +3.40%
Aug. 2, 2017 AC -4.68%
May 3, 2017 AC +8.86%
Feb. 22, 2017 AC +14.02% Biggest UP
Avg (+ or -) 6.63%
Bias 0.67%, positive bias on earnings.
With stock at 78.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 71.10 to 84.90
Based on AVERAGE one-day move over last 12 quarters: 72.83 to 83.17
Based on MAXIMUM one-day move over last 12 Q’s (14.1%): 67.04 to 88.96
Based on UP max only (+14.0%): 88.94
Open to requests for other symbols.
#earnings SPCE BTC SPCE BuPS…
#earnings
SPCE
BTC SPCE BuPS for 1.65
Was STO yesterday for 1.35
#earningsTGT BuPS 3 Mar 110/105…
#earningsTGT BuPS
3 Mar 110/105 for 1.66
TGT reports Mar 3
Options Bistro 