S&P 500 ETF jumps 2% after hours on report Gilead drug showing effectiveness treating coronavirus
https://www.cnbc.com/2020/04/16/sp-500-etf-jumps-2percent-after-hours-on-report-gilead-drug-showing-effectiveness-treating-coronavirus.html?__source=twitter%7Cmain
#SPX1dte Sold to Open $SPX April 17th 2655/2675-2895/2915 condors for 1.20. IV: 33%, SPX 2795, deltas -.04, +.06
$PG announces tomorrow morning
Bought BEN / Sold 04/17/2020 15.00 Covered Call @ 14.79 Net Debit with the stock @ 15.17.
A new 5-year low was set today @ 14.91 and the Div yield is about 7%
Assignment will pay for this weekend’s beer run
Bought to close OXY 04/17/2020 17.50 Covered Call @ 0.01. Sold on Monday @ 0.60.
Sold OXY 04/24/2020 17.00 Covered Call @ 0.15.
Bought to close OXY 04/17/2020 18.00 Covered Call @ 0.01. Sold on Monday @ 0.47.
Sold OXY 04/24/2020 18.00 Covered Call @ 0.14
Plus on 4/15 I got the $79 dividend on my 1st buy of OXY. Future quarterly dividend rates are down to 0.11.
Bought to close VIAC 04/17/2020 16.00 Covered Calls / Sold VIAC 04/24/2020 17.00 Covered Calls @ 0.12 Credit + 1.00 better strike
Sold $UVXY 5/15 60/70 bear call spread @ 1.55
#Earnings $ISRG reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 23, 2020 AC -4.19%
Oct. 17, 2019 AC +6.96%
July 18, 2019 AC -1.45%
April 18, 2019 AC -7.00% Biggest DOWN
Jan. 24, 2019 AC -3.93%
Oct. 18, 2018 AC -3.45%
July 19, 2018 AC -0.86%
April 17, 2018 AC +8.17% Biggest UP
Jan. 25, 2018 AC -2.12%
Oct. 19, 2017 AC +3.39%
July 20, 2017 AC -4.55%
April 18, 2017 AC +6.36%
Avg (+ or -) 4.37%
Bias -0.22%, small negative bias on earnings.
With stock at 510.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 484.03 to 535.97 (+/- 5.1%)
Based on AVERAGE one-day move over last 12 quarters: 487.28 to 532.28
Based on MAXIMUM one-day move over last 12 Q’s (8.2%): 468.33 to 551.67
Based on DOWN max only (-7.0%): 474.30
Open to requests for other symbols.
#coveredcalls
$ROKU BTC 5/1 110 calls and STO 5/15 120 calls at $2 debit. Stock at 126.52
$PLAN BTC 4/17 30 calls and STO 6/19 40 calls at $3.70 debit. Stock at 35.60
Bought to close PNC 04/17/2020 96.00 Covered Call / Sold PNC 05/15/2020 97.00 Covered Call @ 0.87 Credit + 1.00 better strike.
I also will get the 1.15 quarterly dividend at the end of the month.
Bought to close FITB 04/17/2020 14.00 Covered Call / Sold FITB 05/15/2020 14.00 Covered Call @ 0.78 Credit
Option Assigned over night – $TQQQ Apr 17 2020 41 #coveredcall Was BTO Mar 19 @ 32.
From Yesterday:
BTC $LULU 177.5/187.5 Apr 2020 #BuPS @0.12. Was STO 2020-04-09 @1.15.
Options Bistro 