SPY

#CoveredCalls – Come and get it Mr. Market…

Bought to Close SPY MAY 06 2020 292.0 Call @ .16 (sold for 1.70)
Sold SPY MAY 15 2020 290.0 Call @ 3.50

SPX 1-dte

#SPX1dte Sold to Open $SPX May 6th 2770/2790-2940/2960 condors for 1.20, IV 23.15%, SPX 2869, deltas -.06, +.04.

#shortputs X AA Sold May…

#shortputs X AA
Sold May 15, 8 put in X for .28
Sold June 19, 7 put in AA for .45 Both are aligned with assigned shares, of course they’re in the red.

VXX Diagonal Spreads

Bought VXX 01/15/2021 11.00 Puts / Sold 05/08/2020 35.00 Puts @ 0.03 Credit.
Pushed my long side puts a point closer to the stock than my earlier trade.
Today’s stock low was 37.56

#closing #shortputs EWZ Being a…

#closing #shortputs EWZ

Being a little paranoid, bought June 19, 20 put for .77, sold April 17 for 1.00. Story in WSJ about Brazil having Covid troubles.

SPY

#ShortPuts – Taking a little more risk off…

Bought to Close SPY MAY 08 2020 270.0 Puts @ .15 (sold for 1.75)

SPX 7-dte

#SPX7dteLong Sold to close $SPX May 6th 2950/2970 call spreads for 1.50. Sold put side for 19.00 yesterday. Condors bought for 17.55 last Wednesday, so 2.95 profit overall.

TQQQ

STO September 30 puts at 3.10

STO September 35 puts at 2.20

FRPT

BTC, the May 15, 55 puts at .20 cents. Sold at 2.00

DEA

Never heard of this one until today. But it does have options Low open interest and huge spreads, but at least they are there.

Dividend Yield: 3.9%
Easterly Government Properties is a shining example of the kind of stock I’m talking about today.
It’s a real estate investment trust (REIT) that has one of the most reliable tenants in the world — the U.S. government.
It’s based in Washington, D.C. and leases Class A properties to government agencies. DEA operates 72 properties for 32 agencies with nearly 7 million square feet of space.
DEA has been around since 2011, so it’s relatively new in the REIT space. But this is a very unique niche with a serious competitive moat.
Currently it has a solid 3.9% dividend, which shouldn’t be affected by any of the economic issues visited upon the broader economy. The stock is up 50% in the past 12 months, so there’s some significant growth there as well.

#earnings #longputspread #hedge DIS Bought…

#earnings #longputspread #hedge DIS

Bought a 105/100 May 15 put spread for 1.99 against a rolled June 19, 100/110 short put spread, DIS is around 104.
Thanks for the data Jeff.

VXX Diagonal Spreads

Bought VXX 01/15/2021 10.00 Puts / Sold 05/08/2020 35.00 Puts @ 0.03 Credit.
If this works, I will own some zero cost 2021 Puts by Friday.
If it doesn’t that means the market is screaming higher (helping the rest of my portfolio) and I can roll them weekly until they do.
Last week’s low on VXX was 35.55.

DIS earnings analysis

#Earnings $DIS reports tonight. Below are details on earnings one-day moves over the last 12 quarters.

Feb. 4, 2020 AC -2.32%
Nov. 7, 2019 AC +3.76% Biggest UP
Aug. 6, 2019 AC -4.94% Biggest DOWN
May 8, 2019 AC -1.03%
Feb. 5, 2019 AC -1.10%
Nov. 8, 2018 AC +1.72%
Aug. 7, 2018 AC -2.21%
May 8, 2018 AC -1.78%
Feb. 6, 2018 AC -1.32%
Nov. 9, 2017 AC +2.04%
Aug. 8, 2017 AC -3.87%
May 9, 2017 AC -2.15%

Avg (+ or -) 2.35%
Bias -1.10%, negative bias on earnings.

With stock at 105.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 97.71 to 112.29 (+/- 6.9%)
Based on AVERAGE one-day move over last 12 quarters: 102.53 to 107.47
Based on MAXIMUM one-day move over last 12 Q’s (4.9%): 99.81 to 110.19
Based on UP max only (+3.8%): 108.95

NOTE: Expected move into Friday expiration is much higher than historical moves.

Open to requests for other symbols.

SPY

#ShortPuts – Bought to Close SPY MAY 06 2020 275.0 Puts @ .10 (sold for 2.00)