SPY

Sold another share of SPY @ 296.59, missing the high by just a few pennies.
Bought this on 03/12/2020 @ 260.00.
The average cost on my remaining shares drops down to $244.14/share

KSS – new diagonal into earnings

Bought to open KSS 07/17/2020 25.0 Calls / Sold KSS 05/22/2020 20.0 Calls @ 0.15 Credit with the stock at 18.82.

I’m already long some stock with covered calls for this week, so this is just an added kicker.

QQQ Iron Condor

Sold $QQQ 6/19 205/210/240/245 iron condor @ 1.60 with QQQ at 227.43. Almost 1/3 of the width of the strikes. Just about delta neutral with put and call short strikes at 21 and 20. IV rank 31.

Closing CINF

I didn’t expect to have an opportunity to close this so soon but I’ll take it. Bought to close $CINF 6/19 40 puts @ .51. Sold for 1.45 on 5/13. Captured 65% of the potential profit in 5 days.

#earnings #shortstrangles KSS Sold June…

#earnings #shortstrangles KSS

Sold June 19, 19 straddle for 4.22.
Thanks for the data Jeff

SPX 7-dte

#SPX7dteLong Bought to Open $SPX May 26th 2940/2960-2970/2990 condors for 17.15, with SPX at 2964

KSS earnings analysis

#Earnings $KSS reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.

March 3, 2020 BO -2.62%
Nov. 19, 2019 BO -19.48% Biggest DOWN
Aug. 20, 2019 BO -6.88%
May 21, 2019 BO -12.33%
March 5, 2019 BO +7.31% Biggest UP
Nov. 20, 2018 BO -9.22%
Aug. 21, 2018 BO +1.71%
May 22, 2018 BO -7.42%
March 1, 2018 BO -5.05%
Nov. 9, 2017 BO +0.93%
Aug. 10, 2017 BO -5.79%
May 11, 2017 BO -7.83%

Avg (+ or -) 7.21%
Bias -5.56%, strongly negative bias on earnings.

With stock at 19.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 16.45 to 21.55 (+/- 13.4%)
Based on AVERAGE one-day move over last 12 quarters: 17.63 to 20.37
Based on MAXIMUM one-day move over last 12 Q’s (19.5%): 15.30 to 22.70
Based on UP max only (+7.3%): 20.39

NOTE: 5-day historical maximums are +2.5 and -19.5%. So positive move is LESS and negative move is the same.

Open to requests for other symbols.