OLLI Put / DDOG BUPS / DKNG Put Rolled

#shortputs
$OLLI STO 6/19 80 put at 3.70
$DKNG BTC 5/22 29 put and STO 5/29 28 put at .65 added credit

#bups
$DDOG STO 6/19 70/75 BUPS at 2.50

NVDA SPY TNA

#CoveredCalls #BullPutSpreads #Earnings

NVDA: Earnings down to the wire but went out worthless
MAY 22 2020 360.0/355.0 Bull Put Spread @ 2.65 (expired)

SPY: Down to the wire but had to roll (covered)
Rolled SPY MAY 22 2020 295.0 Call to MAY 27 2020 295.0 Call @ 2.20 credit (4.65 total now)

TNA: Rolled out a week and up a little (covered)
Rolled TNA MAY 22 2020 20.0 Calls to MAY 29 2020 20.5 Calls @ .12 credit

Expirations

OX $OSTK May-22-2020 21 #CoveredCalls – STO 5/11 @.45.
OX $OXY May-22-2020 16 #CoveredCalls – STO 5/8 @0.44.
OX $PTON May-22-2020 43 #ShortPuts – STO 5/18 @0.70.
OX $LULU May 22-2020 215/225 #BuPS – STO as part of a roll last week, total 1.86 premium.

Expiration

#optionsexpiration
$SDC 8.5 call
$ROKU 121 call
$NVAX 32 put

EXPIRATION FRIDAY:

AAL 9.0 & 9.5 PUTS STO @.53 & .44
AAL 10.5 CALLS STO @.60
AAL 10.0 PUTS STO @.1.16 ROLLING OUT TO 5/29, SAME STRIKE for .58 BTC the 5/22s for .25
DKNG 26.0 & 29.0 PUTS
DKNG 35.0 CALL STO @.69
ACB 13.0 CALL STO @1.00 did this Wednesday as a covered call atm
OSTK 18.0 &19.0 & 20.0 CALLS STO @1.75, 1.60, .65

Remember

#Memorial Day
Thanks to all who serve and have served.

Three day weekend. Spend some of it relaxing.

SPX 1-dte

#SPX1dte Sold to Open $SPX May 26th 2840/2860-3025/3045 condors for 1.10. IV: 14.5%, SPX 2953, deltas: -.06, +.04

Expiring: May 22nd 2855/2875-3010/3030 condors, sold for 1.35 yesterday.

Econ calendar for week of 5/25/20

Screen Shot 2020-05-22 at 12.36.21 PM
Screen Shot 2020-05-22 at 12.36.21 PM

Link to calendar: https://research.investors.com/economic-calendar/

SPX 7-dte

#SPX7dteLong Bought to open $SPX May 29th 2920/2940-2950/2970 condors for 17.35, with SPX at 2945.

Trades

TLRY sold May 29, 9.50 put for .61 #shortputs
TSLA Sold May 29, 760/765 put spread for .68 #shortputspread
LUV rolled June 19 40 put to August for .50 #rolling #shortputs
HTZ sold my 200 shares, risk off, for traditional Chicago Bears first play from scrimmage-no gain
FB Sold June 19, 242.50/245 #shortcallspreads for .83
TWTR sold July 17, 27/38 #shortstrangles strangle for 1.24
BABA Sold July 17, 170/175/230/235 #ironcondor for 1.39

EWY strangle

Sold to open $EWY 7/17 45/56 strangle @ 1.27 with the ETF at 51.23. Just about delta neutral (puts 18 and calls 19).

TRADES:

OSTK 5/29/20 STO 19.0 CALLS @.75
TLRY BTO STOCK @10.0
ACB STO 5/29/2018.0 CALLS @1.18

LULU

BTO Jun 19 275/272.5 Put spread $1.15

A TRADE:

DKNG STO 5/29/20 28.0 PUT @1.10

#ironcondor BABA Sold June 19,…

#ironcondor BABA

Sold June 19, 170/175/230/235 for 1.39. BABA is down 10 today to around 201 after earnings

LULU

STO $LULU May-29-2020 250/260 #BuPS @1.00. Stock at 274.96. Short put at 17 delta.

Holding a May 22 215/225 #BuPS from last week’s roll with $1.86 total premium on it, planning to let it expire.

AZO earnings analysis

#Earnings $AZO reports Tuesday morning before the bell. Options trades need to be placed today to capture any earnings move. Below are details on earnings one-day moves over the last 12 quarters.

March 3, 2020 BO -2.11%
Dec. 10, 2019 BO +6.92% Biggest UP
Sept. 24, 2019 BO -4.41%
May 21, 2019 BO +5.56%
Feb. 26, 2019 BO +5.10%
Dec. 4, 2018 BO +6.74%
Sept. 18, 2018 BO -1.97%
May 22, 2018 BO -9.48%
Feb. 27, 2018 BO -11.06%
Dec. 5, 2017 BO +0.42%
Sept. 19, 2017 BO -5.00%
May 23, 2017 BO -11.84% Biggest DOWN

Avg (+ or -) 5.88%
Bias -1.76%, negative bias on earnings.

With stock at 1100.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 1025.76 to 1174.24 (+/- 6.7%)
Based on AVERAGE one-day move over last 12 quarters: 1035.27 to 1164.73
Based on MAXIMUM one-day move over last 12 Q’s (11.8%): 969.76 to 1230.24
Based on UP max only (+6.9%): 1176.12

NOTE: 5-day historical maximums are +5.7 and -9.9%. So LESS than the one day moves on both sides, meaning the big one day moves were somewhat retraced 5 days after earnings.

Open to requests for other symbols.

EXPE closed

#Earnings Bought to close $EXPE May 22nd 79 calls for .10. 79/81 call spreads sold Wednesday for .90.

PTON

STO $PTON May-29-2020 43 #ShortPuts @0.70.
Holding May-22-2020 43 #ShortPuts, planning to let them go to expire.

BOUGHT 3 CC’s May 29 $205 TWLO net $198.49, Stock at $204.50

NVDA BUPS and BUCS

#bups #bucs
$NVDA STO 6/19 340/350 BUPS at 3.65
$NVDA BTO 6/19 355/365 BUPS at 5.10

NVDA

BTC $NVDA 320/325 May-29-2020 #BuPS @0.30. Was STO yesterday @1.05. #InOut

BOUGHT 5 May 29 CC’s on WORK @ $30.392, Stock at $31.50

#shortputs CAR Sold June 19,…

#shortputs CAR

Sold June 19, 13 put for 1.11, CAR is just under 16

WORK CC Rollout

Rolled $WORK May-22-2020 31.50 #CoveredCalls // May 29 2020 33.00 @0.20 Credit +better strike.

Second roll on this one, originally purchased 5/13 when the stock was $30.25. My basis is now $29.02.

Takin’ what they’re giving, $WORK’n for a livin’ (Not Slack’n)

Hey good morning everyone. Hope…

Hey good morning everyone. Hope you all have been safe and trading well.

Kelly