Sold OXY 05/01/2020 17.50 Covered Calls @ 0.08
Sold AAL 05/01/2020 15.00 Covered Calls @ 0.06.
Sometimes you just have to take what the market will give you.
I would likely accept assignment and these strikes.
Daily Archives: Tuesday, April 28, 2020
SPX 1-dte
#SPX1dte Sold to Open $SPX Apr 29th 2765/2785-2960/2980 condors for 1.10, IV 25%, SPX 2882, deltas -.05, +.05.
Extra expiration on Thursday (end-of-month) so this starts four straight days of 1-dte.
TSLA trades
TSLA has earnings after the market closes tomorrow. I’ll be driving all day tomorrow. Given my ugly inverted June 19, 325/450 strangle I’ve decided to be a little more aggressive against a run up from earnings.
I currently have a
May 1, 720/730 long call spread, I’m up about $300 on it
Today sold a May 8, 740/775/775/780 put butterfly for 14.21
Bought a May 15, 750/800 long call spread for 23.00
Bought a June 19, 900/910 long call spread for 2.48.
I’ll still take a 300 point drop.
SPX 7-dte closed
#SPX7dteLong Sold to close $SPX Apr 29th 2810/2830 call spreads for 18.00, filled overnight (forgot order was in, otherwise would have increased bid)
Just now, sold to close Apr 29th 2800/2780 put spread for 1.15.
Condors sold for 18.35 last Wednesday, sold for 19.15 today.
AMD earnings analysis
#Earnings $AMD reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 28, 2020 AC -5.97%
Oct. 29, 2019 AC +0.30%
July 30, 2019 AC -10.09%
April 30, 2019 AC -2.96%
Jan. 29, 2019 AC +19.94% Biggest UP
Oct. 24, 2018 AC -15.44%
July 25, 2018 AC +14.33%
April 25, 2018 AC +13.69%
Jan. 30, 2018 AC +6.75%
Oct. 24, 2017 AC -13.47%
July 25, 2017 AC +4.60%
May 1, 2017 AC -24.22% Biggest DOWN
Avg (+ or -) 10.98%
Bias -1.05%, negative bias on earnings.
With stock at 56.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 50.97 to 61.03 (+/- 9.0%)
Based on AVERAGE one-day move over last 12 quarters: 49.85 to 62.15
Based on MAXIMUM one-day move over last 12 Q’s (24.2%): 42.44 to 69.56
Based on UP max only (+19.9%): 67.17
Open to requests for other symbols.
SPY
#ShortPuts – Going out a little further to sell below the 20 and 50 day moving averages…
Sold SPY MAY 08 2020 270.0 Puts @ 1.75
Added one in a different account…
Sold SPY MAY 15 2020 265.0 Put @ 2.30
CINF – post earnings
Bought to open 100 CINF / Sold 1 CINF 05/15/2020 70.0 Covered Call @ 67.95 Net Debit
Sold 1 CINF 05/15/2020 70.0 Put @ 2.05
These are equivalent trades and I was going to take whichever order filled first, but I got them both.
The stock is 72.52, down over 9.5 points today after rallying from 78 to 82 pre earnings (WTF were they thinking?)
SDC Call Diagonal Roll May 1 $5.50 to May 8 $6.50 net $.60 stock at $6.76
LVS
STC May 8 44/46 call spread $1.60 Bought 4-23 $1.01
#In-Out
SLB
Sold SLB 05/01/2020 17.50 Covered Calls @ 0.12 with the stock at 16.39
CCL Puts
#shortputs
$CCL STO 5/1 14 puts at .50
More tiny trades
Sold the rest of my AA 05/01/2020 8.00 Covered Calls @ 0.10. Stock at 7.60
Sold CCL 05/01/2020 15.50 Covered Call @ 0.15. (you could do better now) Stock at 14.09
SPY ZM
#ShortPuts – Cleaning up some scraps…
Bought to Close SPY APR 29 20 272.0 Put @ .09 filled late yesterday (sold for 2.05)
Bought to Close SPY MAY 01 2020 267.5 Puts @ .09 (sold for 2.11)
Bought to Close ZM MAY 01 2020 120.0 Put @ .10 (sold for 1.30)
GOOGL earnings analysis
#Earnings $GOOGL reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 3, 2020 AC -2.50%
Oct. 28, 2019 AC -2.19%
July 25, 2019 AC +9.62% Biggest UP
April 29, 2019 AC -7.50% Biggest DOWN
Feb. 4, 2019 AC +0.91%
Oct. 25, 2018 AC -1.79%
July 23, 2018 AC +3.89%
April 23, 2018 AC -4.76%
Feb. 1, 2018 AC -5.28%
Oct. 26, 2017 AC +4.26%
July 24, 2017 AC -2.93%
April 27, 2017 AC +3.71%
Avg (+ or -) 4.11%
Bias -0.38%, slightly negative bias on earnings.
With stock at 1270.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 1199.46 to 1340.54 (+/- 5.6%)
Based on AVERAGE one-day move over last 12 quarters: 1217.78 to 1322.22
Based on MAXIMUM one-day move over last 12 Q’s (9.6%): 1147.83 to 1392.17
Based on DOWN max only (-7.5%): 1174.75
Open to requests for other symbols.
Options Bistro 