#SPX1dte At 12:58 Pacific Time, sold $SPX March 4th 2830/2850-3140/3160 condors for 2.05. IV: 47.73%, SPX 3000, deltas: -.07, +.05
Daily Archives: Tuesday, March 3, 2020
TQQQ
BTC the March 20, 115 calls at .07 cents. Sold at 1.13
UVXY
#ShortPuts – I don’t see the volatility going away any time soon. I rolled these out too soon so bringing them back in to either get lucky getting rid of them or taking stock and aggressively selling calls against it.
Rolled UVXY JUN 19 2020 19.0 Puts to UVXY MAR 6 2020 26.5 Puts @ .30 debit
Sold UVXY MAR 6 2020 35.0 Calls @ .32
Covers the cost of the roll and preserves the original premium in the put sales.
Episode 2 – High Fidelity
High Fidelity: from page, to film, to Hulu / John Cusack Top 5 / Parasite picked / Rock’n’Roll Hall of Fame inductees / New music picks / Old music pick / New picks from an old chick — Go to https://thepickcast.com for playlists and more info.
UVXY
#BearCallSpreads – Adding…
Sold UVXY JAN 15 2021 30.0/40.0 Bear Call Spreads @ 1.85
TQQQ
BTC March 6, 110 calls at .02 cents, sold at .85
SPCE
#ShortPuts – Adding a couple…
Sold SPCE MAR 20 2020 20.0 Puts @ 1.05
SPY
#ShortPuts – Let’s see if we re-test the lows next week…
Sold SPY MAR 20 2020 285.0 Put @ 3.05
#shortputs #closing DAL bought April…
#shortputs #closing DAL
bought April 20, 40 put for 1.13, sold February 28 for 2.12.
Thanks 330nick for the idea
TRADE:
TLRY STO 3/6/20 15.0 CALLS @.40
#earnings #closing TGT Bought March…
DLTR earnings analysis
#Earnings $DLTR reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
Nov. 26, 2019 BO -15.24% Biggest DOWN
Aug. 29, 2019 BO -1.93%
May 30, 2019 BO +3.13%
March 6, 2019 BO +5.11%
Nov. 29, 2018 BO +6.13% Biggest UP
Aug. 30, 2018 BO -15.54%
May 31, 2018 BO -14.28%
March 7, 2018 BO -14.47%
Nov. 21, 2017 BO +2.41%
Aug. 24, 2017 BO +5.62%
May 25, 2017 BO +0.92%
March 1, 2017 BO +0.20%
Avg (+ or -) 7.08%
Bias -3.16%, negative bias on earnings.
With stock at 83.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 76.44 to 89.56
Based on AVERAGE one-day move over last 12 quarters: 77.12 to 88.88
Based on MAXIMUM one-day move over last 12 Q’s (15.5%): 70.10 to 95.90
Based on UP max only (+6.1%): 88.09
Open to requests for other symbols.
TSLA up again
Maybe some calls sales today.
Options Bistro 