Stocks Scream To “Most Expensive Ever” In Greatest Month Since ’87
Daily Archives: Thursday, April 30, 2020
#bullputspreads TSLA Playing a bounce…
#bullcallspreads TSLA
Playing a bounce back bought a May 15, 775/780 call spread for 2.45 as I hope it continues down
#earnings #ironcondor AAPL Sold May…
#earnings #ironcondor AAPL
Sold May 15, 260/265/315/320 for 1.19
#earnings #closing TSLA Closed May…
AAPL Earnings
#ShortPuts #Earnings – Going out to the monthlies just above the 200ma.
Sold AAPL MAY 15 2020 265.0 Put @ 2.25
VXX – Covered put rolldown
Bought to close VXX 05/01/2020 35.50 Puts @ 0.09.
Sold them on 04/27 @ 0.12 and 0.31
Replaced them with short VXX 05/08/2020 34.00 Puts @ 0.45.
My long VXX Puts are out in Jan 2021 and are 25% fully paid for after about 10 days.
SPX 1-dte
#SPX1dte Sold to Open $SPX May 1st 2800/2820-2990/3010 condors for 1.30. IV 25.6%, SPX 2906, deltas -.07, +.04
Expiring: Apr 30th 2830/2850-3015/3035 condors, sold yesterday for 1.00.
AMZN put spread
#Earnings
Sold to Open $AMZN May 1st 2325/2320 put spreads for 1.50. With stock at 2430, that’s 4.3% OTM.
New CC on BCRX May 15 $4.00 net $3.26, stock @$3.84
TQQQ
#ShortPuts – Sold TQQQ MAY 15 2020 60.0 Put @ 2.47
WFC
for what it’s worth, 4 directors of WFC bought stock on 4/28.
I guess they wanted to get in at prices not seen since 2012.
Div yield is 6.8% and it goes X-div on 5/7
#earnings UAL Sold May 15,…
#earnings UAL
Sold May 15, 23.50/37 strangle for 1.00
#earnings #closing TSLA Sold May…
Sold May 15, 750/800 #bullcallspreads for 29.94, bought Tuesday for 23. Woulda coulda shoulda, decided to take the profit, 2 trades left.
ZM
BTO May 15 136/139 Calls $1.45
ZOOM #In-Out
CC on ET, Roll from $7.5 to $8 to $8.5 to $9 in 4 days! $.305 Div payable 05/05
CINF
Sold 1 May 15 2020 65.00 Put @ 1.70 with the stock at 67.10.
52-week low: 65.69
52-week high: 118.19
PNC Rollup
Bought to close 1 PNC 05/01/2020 98.0 Covered Call / Sold 1 PNC 05/08/2020 99.0 Covered Call @ 0.05 Credit.
With the stock at 106 I’ll risk holding on one more week for an extra $100.
Fitch Affirms PNC Financial at ‘A+/F1’; Outlook Stable Despite Coronavirus Impact
SVXY Long Call
On 4/21 I bought 1 SVXY Jan 15 2021 35.0 Call @ 3.00.
Sold it today @ 4.30.
I’ll take the quick 43% gain and wait for this rally to evaporate before trying this again.
My first (and only) profit in SVXY since Feb 2018
#shortputs FEYE Sold May 15,…
#shortputs FEYE VFC
FEYE Sold May 15, 11 put for .39
VFC Sold May 15, 50 put for .80. Earnings May 15
#closing #bullcallspreads TSLA Sold May…
#closing #bullcallspreads TSLA
Sold May 1, 720/730 call spread for 9.92, bought April 14 for 4.47
ZM
Rolled $ZM 130/140 May-1-2020 #BuPS // May-08-2020 @0.70 Credit.
I probably should have closed it out yesterday with a small loss.
TQQQ
#CoveredCalls – Another roll…
Rolled TQQQ MAY 08 2020 52.0 Call to JUN 19 2020 56.0 Call @ .10 debit (1.40 premium received now)
TSLA
#CoveredCalls – Using call premium received to finance the roll. I can do it about 7 more times assuming no pullback in the stock. Picking up 7.00 of upside…
Rolled TSLA MAY 01 2020 500.0 Call to JUN 19 2020 510.0 Call @ 3.00 debit (total premium now 22.00)
New 100 CC SDC May 8 $7 for net $6.50, Stock was at $7.04
TQQQ
STO May 22, 50 puts at 1.25, This is a small position and will add at lower strike prices if we get another down move. The volatility and premiums are high.
CINF Covered Call
Bought 100 Shares of CINF / Sold 1 CINF 05/15/2020 65.0 Covered Call @ Net Debit of $63.80
Filled at $67.68 on the stock.
ADS
Got a strange assignment overnight. Sold 100 of my 300 ADS shares when my 05/01/2020 45.0 Covered call was assigned. Interestingly I was not assigned on the strike 41.0 call expiring tomorrow.
AAPL earnings analysis
#Earnings $AAPL reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 28, 2020 AC +2.09%
Oct. 30, 2019 AC +2.26%
July 30, 2019 AC +2.04%
April 30, 2019 AC +4.90%
Jan. 29, 2019 AC +6.83% Biggest UP
Nov. 1, 2018 AC -6.63% Biggest DOWN
July 31, 2018 AC +5.89%
May 1, 2018 AC +4.41%
Feb. 1, 2018 AC -4.33%
Nov. 2, 2017 AC +2.61%
Aug. 1, 2017 AC +4.72%
May 2, 2017 AC -0.30%
Avg (+ or -) 3.92%
Bias 2.04%, strongly positive bias on earnings.
With stock at 292.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 279.77 to 305.23 (+/- 4.4%)
Based on AVERAGE one-day move over last 12 quarters: 281.04 to 303.96
Based on MAXIMUM one-day move over last 12 Q’s (6.8%): 272.52 to 312.48
Based on DOWN max only (-6.6%): 273.11
Open to requests for other symbols.
AMZN earnings analysis
#Earnings $AMZN reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 30, 2020 AC +7.37%
Oct. 24, 2019 AC -1.09%
July 25, 2019 AC -1.55%
April 25, 2019 AC +2.54%
Jan. 31, 2019 AC -5.38%
Oct. 25, 2018 AC -7.81% Biggest DOWN
July 26, 2018 AC +0.51%
April 26, 2018 AC +3.60%
Feb. 1, 2018 AC +2.87%
Oct. 26, 2017 AC +13.21% Biggest UP
July 27, 2017 AC -2.48%
April 27, 2017 AC +0.71%
Avg (+ or -) 4.09%
Bias 1.04%, positive bias on earnings.
With stock at 2430.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 2276.91 to 2583.09 (+/- 6.3%)
Based on AVERAGE one-day move over last 12 quarters: 2330.53 to 2529.47
Based on MAXIMUM one-day move over last 12 Q’s (13.2%): 2109.00 to 2751.00
Based on DOWN max only (-7.8%): 2240.22
Open to requests for other symbols.
GUSH
On 3/10 I bought 200 GUSH just under 1.00 and sold 2 March GUSH Covered Calls for $60 in total premium for a 30% reduction in breakeven.
After the reverse split I’ve now dumped my (5) GUSH shares @ $42.20 and added a bit more to the profit.
Glad to be out 🙂
TSLA Earnings
#ShortPuts #Earnings – Bought to Close TSLA MAY 15 2020 525.0 Put @ .90 (sold for 3.40)
FB Earnings
#Earnings #JadeLizards – Beer money…
Bought to Close FB MAY 1 2020 185.0/200.0/202.5 Jade Lizard @ 2.02 (sold for 3.05)
SPX 7-dte closed
#SPX7dteLong Yesterday an hour before market close,
Sold to close $SPX May 1st 2840/2860 call spreads for 18.40.
This morning, half hour before the open,
Sold to close May 1st 2830/2810 put spreads for 1.20.
Condors bought last Friday for 18.05, sold this week for 19.60.
Assigned on 87 of 100 SDC $5.50 Calls. 15% in 35 days.
Would have preferred to roll out and up later in the week…but happy with the profitability of the trade. Probably replace the shares today and sell May 8 $6.50.
The #coveredcalls #SDC
Options Bistro 