#SPX7dteLong Earlier in the day, STC $SPX Apr 27th 2840/2860 call spreads for 19.30. Condors bought for 18.35 last Monday.
Bought to Open $SPX May 4th 2860/2880-2890/2910 condors for 17.65. First time I have gotten under 18.00, meaning volatility is dropping.
#SPX1dte Expiring: Apr 27th 2710/2730/2935/2955 condors, sold Friday for 1.05.
BTC $TSLA May-01-2020 605/615 #BuPS @0.45. Was STO 04/17 @1.86.
Taking a smaller win, and getting some risk off the table.
#coveredcalls GPS
Bought 100 shares at 7.80, sold May 15, 7.50 call for .82.
Sold $TLT 6/19 170/175 bear call spread @ 1.50
Sold VIAC 05/01/2020 18.00 Covered Calls @ 0.08 and again @ 0.13
#ShortPuts #CoveredCalls – A couple fills today…
Bought to Close SPY APR 29 2020 267.0 Put @ .05 (sold for 2.04)
Sold SPY MAY 06 2020 275.0 Puts @ 2.00
Rolled SPY APR 29 2020 259.0 Calls to MAY 15 2020 261.0 Calls @ .19 debit (5.40 total now)
#Earnings $FFIV reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 27, 2020 AC -5.04%
Oct. 23, 2019 AC +5.50%
July 24, 2019 AC -0.65%
April 24, 2019 AC -1.08%
Jan. 23, 2019 AC -2.22%
Oct. 24, 2018 AC +6.10% Biggest UP
July 25, 2018 AC +1.07%
April 25, 2018 AC +0.89%
Jan. 24, 2018 AC -5.05%
Oct. 25, 2017 AC +3.97%
July 26, 2017 AC -7.16%
April 26, 2017 AC -7.50% Biggest DOWN
Avg (+ or -) 3.85%
Bias -0.93%, negative bias on earnings.
With stock at 130.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 121.47 to 138.53 (+/- 6.6%)
Based on AVERAGE one-day move over last 12 quarters: 124.99 to 135.01
Based on MAXIMUM one-day move over last 12 Q’s (7.5%): 120.25 to 139.75
Based on UP max only (+6.1%): 137.93
NOTE: 5-day max moves are -7.97% and +4.33%, so slightly more bearish than the one-day.
Open to requests for other symbols.
#closing #shortputs FEYE
Bought May 15, 11 put for .61, originally a 10.50 sold March 31 and rolled twice.
GM Suspends Dividend, Stock Buyback Program To Preserve Cash, following Ford’s move last month.
Sold $XLU 48/53/58/63 iron condor @ 1.48. IV rank 56.
Added some short puts for this week
Sold 1 VXX 05/01/2020 35.50 Put @ 0.31
Sold 1 VXX 05/01/2020 34.50 Put @ 0.16.
These are covered by Long VXX puts for Jan 2021
STO May 13, 260 put at 1.45
Roll-Up $TLRY 7.5 May 1 CC // 8.5 May 1 CC @ 0.60 debit. Cost basis now $4.97.
STO May 8, 45 puts at .30 cents
STO May 8, 50 puts at .60 cents
#rolling #shortputs LUV
3rd roll of 40 put sold March 3 (how’s that for timing). Out to June from May 15, earnings today. Cost bais is 417, LUV is around 29.
Sold AA 05/01/2020 8.00 Covered Call @ 0.10 on a partial fill of a larger order
Sold VXX 05/01/2020 35.0 Covered Put @ 0.12 against one of my long 2021 long puts
Sold GLW 05/01/2020 23.0 Covered Call @ 0.17. #Earnings this week.
Options Bistro 