SPX crosses above 50% of…

SPX crosses above 50% of pull back

AN ADD:

RAD BTO STOCK @17.02 I mentioned the other day, that RAD, on the Point & Figure Chart gave a Buy signal, soooo when it came back to 17.0 today I added. My other RAD stock is covering some short calls expiring this Friday.

ABBV

#shortputs

Sold ABBV 17 APR 20 80 PUT @1.55…if assigned div would yield 6%

UVXY Covered call roll

Bought to close 1 UVXY 03/06/2020 20.00 Call / Sold 1 UVXY 03/13/2020 21.00 Call @ 0.05 Credit + 1.00 better strike

UVXY

#BearCallSpreads – Added in my little tastyworks account…

Sold UVXY JAN 17 2021 20.0/30.0 Bear Call Spreads @ 2.50

SPLK Earnings

#ShortStrangles #Earnings – Thanks @thomberg1201 for the idea.

Sold SPLK MAR 13 2020 130.0/172.5 Strangle @ 3.00

#shortputs #shortputs AAL AMD OXY…

#shortputs #shortstrangles AAL AMD OXY

#tastytradefollow

AAL sold April 17, 15 put for 1.13
OXY sold April 17, 30 put for 1.47
AMD sold April 17, 40/57.50 strangle for 2.99

#earnings #shortstrangles SPLK Sold March…

#earnings #shortstrangles SPLK

Sold March 20, 125/175 for 3.35.

Thanks for the data Jeff.

UVXY

Soon to be #CoveredCalls – Time to begin the aggressive call selling since stock assignment looks pretty sure now. A little early on these. Will roll to next week if needed but want the downside protection.

Sold UVXY MAR 6 2020 21.5 Calls @ 2.60

Yesterday on the spike:

Sold UVXY MAR 13 2020 22.0 Call @ 5.30

There is still a chance UVXY could rally and the 26.5 short puts don’t get exercised. To protect the calls I’ve only rolled in half my puts. I’ll roll the other half Friday at the close if needed to get stock.

SPLK earnings analysis

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

Nov. 21, 2019 AC +10.76%
Aug. 21, 2019 AC -7.83% Biggest DOWN
May 23, 2019 AC -7.32%
Feb. 28, 2019 AC -0.90%
Nov. 29, 2018 AC +9.93%
Aug. 23, 2018 AC +14.81%
May 24, 2018 AC -5.20%
March 1, 2018 AC +9.26%
Nov. 16, 2017 AC +17.89% Biggest UP
Aug. 24, 2017 AC +8.47%
May 25, 2017 AC -6.97%
Feb. 23, 2017 AC -3.23%

Avg (+ or -) 8.55%
Bias 3.31%, positive bias on earnings.

With stock at 150.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 135.06 to 164.94
Based on AVERAGE one-day move over last 12 quarters: 137.18 to 162.82
Based on MAXIMUM one-day move over last 12 Q’s (17.9%): 123.17 to 176.84
Based on UP max only (-7.8%): 138.26

Open to requests for other symbols.