#assignment UVXY
I was assigned short 100 shares of IVXY from an April 17, 25/35 short call spread sold February 27 for 1.65. I sold the long call for 16.20-Yay. My cost basis is just under 43, UVXY is around 51.
Monthly Archives: April 2020
XBI
#ShortPuts – Just to get these all in the same strike…
Rolled XBI APR 17 2020 70.0 Puts to XBI APR 17 2020 75.0 Puts @ .93 credit (4.50 avg credit now)
SPY
#ShortPuts – See if I can squeeze a little more out of these today. Short covered 251 and naked 257 calls so wouldn’t mind taking some downside heat.
Rolled SPY APR 06 2020 242.0 Puts to APR 06 2020 254.0 Puts @ .63 credit (1.83 total now)
And a couple weeks out:
Rolled SPY APR 17 2020 220.0 Put to APR 17 2020 240.0 Put @ 2.04 credit (5.94 total now)
CCL
#Earnings TOS is showing that $CCL reported during market hours today, .22 per share vs. 0.33 consensus.
#coveredcalls APA One more for…
#coveredcalls APA
One more for the road, bought 100 shares and sold an April 9, 5 call for 4.50, stock is at 5.34. Also bought an additional 100 shares.
Econ Calendar for week of 4/6/20
#FOMC minutes Wednesday afternoon.
Link to calendar: https://research.investors.com/economic-calendar/
SPX 1-dte
#SPX1dte Sold to Open $SPX Apr 6th 2290/2310-2605/2625 condors for 1.75, IV: 38%, SPX 2478, deltas -.05, +.07, OTM: -6.8%, +5.1%.
That’s the lowest IV I’ve sold since March 6th. Market down and so is VIX. We are getting complacent with big moves in the indices.
Expiring: Apr 3rd 2310/2330-2610/2630 condors, sold yesterday for 1.65.
#coveredcalls USO Bought 100 shares,…
#coveredcalls USO
Bought 100 shares, sold April 17, 7 call for 5.63, USO is at 5.90.
#coveredcalls NBL Bought 100 shares,…
#coveredcalls NBL
Bought 100 shares, sold April 15, 7.50 call for 6.10.
LABU
Bought to Close LABU APR 03 2020 21.0 Call @ .05 (sold for 1.05)
Sold LABU APR 09 2020 21.0 Call @ 1.05
TQQQ
#CoveredCalls – Re-load…
Bought to Close TQQQ APR 3 2020 50.0 Call @ .05 (sold for 2.55)
Sold TQQQ APR 9 2020 47.0 Call @ 1.36
SPY
#ShortPuts #ShortCalls #CoveredCalls – Booked today and sold again for Monday…
Bought to Close SPY APR 3 2020 255.0 Call @ .08 (sold for 2.15)
Bought to Close SPY APR 3 2020 256.0 Calls @ .05 (sold for 1.50)
Bought to Close SPY APR 3 2020 237.0 Puts @ .05 (sold for 1.60)
Sold SPY APR 6 2020 251.0 Call @ 2.15
Sold SPY APR 6 2020 257.0 Calls @ 1.20
Sold SPY APR 6 2020 242.0 Puts @ 1.20
#rolling #coveredcalls #shortputs SLB FEYE…
#rolling #coveredcalls #shortputs SLB FEYE HAL CCL SVXY
SLB rolled April 3, 13 covered call to April 9 for .43
HAL rolled April 3, 7 call to April 9 for .35
FEYE rolled April 3, 10.50 put to April 17 for .10
CCL bought May 15, 20 call for .13, sold on March 31 for 1.09
SVXY bought 5 more shares @ 30.66, giving me 60 shares at a basis of 32.76
APA NBL
BTO NBL May 15 5/7.5 Calls $1.12
BTO APA May 15 5/7.5 Calls $0.70
March Jobs Report
#Jobs — bigger loss than expected.
First monthly loss since Sept 2010.
Loss of 701,000 non-farm payroll jobs, vs. expected 10K loss
Unemployment at 4.4%, up by 1.1%
U6 unemployment at 8.7%, up by 1.7%
Wages up 0.4%; up from +0.3% last month
Labor force participation 62.7%, down by 0.7, lowest since Aug 2018
February revised down from +273K to +214K
January revised up from +273K to +275K
SPX 1-dte
#SPX1dte Sold to Open $SPX April 3rd 2310/2330-2610/2630 condors for 1.60, IV 54%, SPX 2482, deltas: -.06, +.06. Taking it early since I have to head out.
TQQQ
BTC April 9, 70 call at .01, Sold last week at .37
The bad news is that I will be assigned tomorrow at the 55 strike.
AAPL put spread
Sold $AAPL 4/17 230/220 bull put spread @ 2.33
TQQQ
BTC April 3, 65 calls at .01, sold at .40 cents. They would probably expire at zero but for a penny, I will take the risk off every time and it frees up margin.
TQQQ
BTC April 3, 70 calls at .01, sold at .40 cents last week.
LK
They have accounting problems and the stock is down from 26.20 to 4.15
Another dismal record
6.64 million in weekly jobless claims, doubling last week’s record.
Previous record was set in October 1982 at 695,000.
SPY
#ShortPuts – Sold these planning on a SPX down 100 day. Didn’t see a 115 selloff coming so I’ll roll to Friday to try again…
Rolled SPY APR 01 2020 247.0 Puts to APR 03 2020 237.0 Puts @ .80 credit (1.60 total now)
SPXpire
#SPX1dte Expiring: $SPX April 1st 2380/2400-2735/2755 condors, sold yesterday for 1.05.
#spx coming up on circuit…
#spx
coming up on circuit breaker 4.20% right now @11.39 AM CST
SPY
#CoveredCalls – Finally after about 4 rolls…
Bought to Close SPY APR 01 2020 257.0 Call @ .10 (sold for 5.15)
Sold SPY APR 03 2020 255.0 Call @ 2.15
PTON Short Put
#ShortPuts
STO 15May 20 Put @. 1.35
#shortstrangles BA Sold May 17,…
Sold May 17, 60/220 strangle for 3.52
#tastytradefollow
WBA earnings analysis
#Earnings $WBA reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 8, 2020 BO -5.83%
Oct. 28, 2019 BO +0.68%
June 27, 2019 BO +4.08% Biggest UP
April 2, 2019 BO -12.80% Biggest DOWN
Dec. 20, 2018 BO -5.02%
Oct. 11, 2018 BO -1.94%
June 28, 2018 BO -9.90%
March 28, 2018 BO +2.47%
Jan. 4, 2018 BO -5.17%
Oct. 25, 2017 BO +3.07%
June 29, 2017 BO +1.66%
April 5, 2017 BO -1.61%
Avg (+ or -) 4.52%
Bias -2.53%, negative bias on earnings.
With stock at 44.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 40.21 to 48.79
Based on AVERAGE one-day move over last 12 quarters: 42.49 to 46.51
Based on MAXIMUM one-day move over last 12 Q’s (12.8%): 38.80 to 50.20
Based on UP max only (+4.1%): 46.32
Open to requests for other symbols.
HYG
BTO May 15 76/74 Puts 0.75
SPY
#ShortPuts – Throwing a couple of these out there in a different account…
Sold SPY APR 17 2020 220.0 Puts @ 3.90
Options Bistro 