#ShortPuts #Earnings – Hesitated posting this because it could be crazy. I’ve got a DITM covered call in this thing that’s going to need a pullback to help with the roll. What’s a great way to get a pullback? Add a (sort of) long position… 🙂 Closed a bunch of SPY this week so have some spare buying power but this does get me overweight in this ticker.
Going out to May monthly selling twice the expected move and down where my covered call got run over…
Sold TSLA MAY 15 2020 525.0 Put @ 3.40
sold 2 for $40.00 still holding 2
What a move
#SPX7dteLong Bought to Open $SPX May 6th 2920/2940-2950/2960 condors for 17.60. (SPX at 2945)
#SPX1dte Sold to Open $SPX Apr 30th 2830/2850-3015/3035 condors for 1.00, IV 23.5%, SPX 2842, deltas -.05, +.05.
#shortputs
$CCL STO 5/1 15.50 put at .40
$CCL STO 5/15 16 put at 1.35
$SPY BTC 5/1 267.50 put at .04. STO 4/24 at 1.90 @fuzzballl rocks
Know a couple people had some ZM holdings.
Headline pretty much says it all:
https://www.thestreet.com/investing/zoom-shares-fall-6-percent-as-google-makes-videoconferencing-free-for-up-to-100-people
Am sitting on a May-01-2020 130/140 #BuPS, which is down 40c from where I sold it. Debating closing or rolling. Have a feeling its going to be a nail-biter for this week.
#Earnings #JadeLizards – Throwing a lizard out there for fun.
Sold FB MAY 1 2020 185.0/200.0/202.5 Jade Lizard @ 3.05
#SPX1dte Bought to close $SPX Apr 29th 2960/2980 call spreads for 2.00. Condors sold yesterday for 1.10.
#ShortPuts – Booking a couple weeks early…
Bought to Close JPM MAY 8 2020 85.0 Puts @ .15 (sold for 1.20)
Bought to close $TQQQ 5/15 65 puts @ 3.60
Original sale: 4/17 65 puts for 2.40 on 2/25
Rolled out to 5/15 65 puts for 1.70 credit on 3/31
Overall profit per contract: .50
Feeling lucky to get out for a profit considering how deep in the money these were in March.
Sold my highest cost lots of SPY @ 291.59 on the open and @ 294.09 just now.
The average cost for my remaining position is 246.13.
Rolled 30 May 15 $290 Calls, 10 to $310, 10 to $320, 10 to $330
Stock fell $20 yesterday going into earnings. Positive call, great numbers in Q1. Stock up $28 to $341. Still conservative on the calls but more upside than sitting at $290.
HTZ
Hertz Bankruptcy Imminent After Massive Layoffs, Missed Lease Payment.
If a sufficient amount of creditors don’t agree to waive any default by the end of the grace period, “Hertz could be materially and negatively impacted” the company said.
#Earnings Sold to Open $TSLA May 1st 720/715 put spreads for 1.25, when stock is at 787.00. -8.5% OTM. Frankly, I’m too nervous to sell the call side. In October, it was up 17.7% after one day, but 28.8% after 3 days.
am sitting on my Dbl Cal @56 watching have a good chance for a nice profit!!
Bought it before the down turn was deep in the hole now it is profitable?????????????
#Earnings $TSLA reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 29, 2020 AC +10.29%
Oct. 23, 2019 AC +17.66% Biggest UP
July 24, 2019 AC -13.61% Biggest DOWN
April 24, 2019 AC -4.26%
Jan. 30, 2019 AC -0.56%
Oct. 24, 2018 AC +9.13%
Aug. 1, 2018 AC +16.18%
May 2, 2018 AC -5.54%
Feb. 7, 2018 AC -8.62%
Nov. 1, 2017 AC -6.79%
Aug. 2, 2017 AC +6.50%
May 3, 2017 AC -5.00%
Avg (+ or -) 8.68%
Bias 1.28%, positive bias on earnings.
With stock at 792.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 705.26 to 878.74 (+/- 11.0%)
Based on AVERAGE one-day move over last 12 quarters: 723.27 to 860.73
Based on MAXIMUM one-day move over last 12 Q’s (17.7%): 652.13 to 931.87
Based on DOWN max only (-13.6%): 684.21
Open to requests for other symbols.
#Earnings $FB reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 29, 2020 AC -6.13%
Oct. 30, 2019 AC +1.80%
July 24, 2019 AC -1.93%
April 24, 2019 AC +5.84%
Jan. 30, 2019 AC +10.81% Biggest UP
Oct. 30, 2018 AC +3.80%
July 25, 2018 AC -18.96% Biggest DOWN
April 25, 2018 AC +9.06%
Jan. 31, 2018 AC +3.31%
Nov. 1, 2017 AC -2.04%
July 26, 2017 AC +2.91%
May 3, 2017 AC -0.62%
Avg (+ or -) 5.60%
Bias 0.65%, positive bias on earnings.
With stock at 194.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 181.69 to 206.31 (+/- 6.3%)
Based on AVERAGE one-day move over last 12 quarters: 183.13 to 204.87
Based on MAXIMUM one-day move over last 12 Q’s (19.0%): 157.22 to 230.78
Based on UP max only (+10.8%): 214.97
Open to requests for other symbols.
Options Bistro 