TRADES:

SDGR STO 8/21/20 95.0 CALL @9.70
SDGR STO 8/21/20 100 CALL @8.00

SPX trades

#SPX7dteLong Bought to Open $SPX July 15th 3140/3160-3170/3190 condors for 17.20, with SPX at 3167.
Wasn’t filled on trying to sell my put side on the lows…. I called the pullback but thought it would go a bit deeper.

#SPX1dte Expiring: July 8th 3045/3065-3205/3225 condors, sold yesterday for 1.10.

#spx1-dte

SQ NVTA Puts

#shortputs
$SQ STO 7/10/124 put at .63
$SQ STO 7/17/125 put at 2.80
$NVTA STO 8/21 30 put at 2.10

VXX

#ShortPuts – Can’t use UVXY in this account so going with VXX. Planning on being more active on the put side of these at least out through the election. Half size to start…

Sold VXX JUL 17 2020 31.5 Puts @ .85

Closing IWM

Bought to close $IWM 150/155 bear call spread @ .25. Sold for 1.29 on 6/19.

SPY Rolls

Bought to close 1 SPY 07/08/2020 306.0 Call / Sold 1 SPY 07/15/2020 308.0 Call @ 0.13 Credit plus 2 more points on the strike.
Bought to close 1 SPY 07/08/2020 307.0 Call / Sold 1 SPY 07/15/2020 310.0 Call @ 0.22 Credit plus 3 more points on the strike.
#SPYLadder

WBA Earnings

Diagonal Credit Spread
Sold to open WBA Jul 10 2020 40.00 Puts @ $0.43 / Bought WBA Jul 17 2020 30.00 Puts @ $0.02 for a 0.41 net credit.
#Earnings tomorrow.

WBA is 42.60 and has a nice divvy and is not all that far from the yearly low.

If the short put goes bad, I can roll it at least once because the throw-away long position is a week longer.

LABU

#ShortPuts – Still decent premium in this at much lower levels. Jumping back in on the little selloff. Selling outside the expected move and below the 50ma down near the 200ma.

Sold LABU JUL 31 2020 47.5 Puts @ 1.60

MDLZ DiagBFly

#DiagonalButterfly

BTC MDLZ July 10: 51 short straddle @ $0.83 (originally sold for $1.32)
STO MDLZ July 17: 51 short straddle @ $1.50

Learnt not to wait until OpEx Friday to manage these weekly options. Getting lucky so something is about to happen.

Cover is the Jan 2022 long 40 put / 65 call strangle.

#closing TSLA TDA raised maintenance…

#closing TSLA

TDA raised maintenance requirements on TSLA significantly. I was forced to buy back my short, August 335 call, couldn’t buy anything long, ouch, pretty big loss.

SPX 7-dte

#SPX7dteLong Sold to close $SPX June 8th 3130/3150 call spreads for 16.85. Condors bought last Wednesday for 17.10. I’m taking a small loss now on the possibility of a roll over and going negative. If we do that in the next hour or two I should be able to get some decent premium for selling the 3120/3100 put side.

LABU STMP

#ShortPuts – Book ’em!

Bought to Close LABU JUL 10 2020 47.5 Puts @ .05 (sold for 1.90)
Bought to Close STMP JUL 17 2020 150.0 Put @ .30 (sold for 3.53)

WBA earnings analysis

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

April 2, 2020 BO -6.29%
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%

Avg (+ or -) 4.91%
Bias -2.92% significant negative bias on earnings.

With stock at 42.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 39.70 to 45.30 (+/- 6.6%)
Based on AVERAGE one-day move over last 12 quarters: 40.41 to 44.59
Based on MAXIMUM one-day move over last 12 Q’s (12.8%): 37.06 to 47.94
Based on UP max only (+4.1%): 44.23

Open to requests for other symbols.

BBBY earnings analysis

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

April 15, 2020 AC +18.01% Biggest UP
Jan. 8, 2020 AC -19.21%
Oct. 2, 2019 AC +2.69%
July 10, 2019 AC -3.03%
April 10, 2019 AC -8.75%
Jan. 9, 2019 AC +16.55%
Sept. 26, 2018 AC -20.99% Biggest DOWN
June 27, 2018 AC -3.81%
April 11, 2018 AC -19.95%
Dec. 20, 2017 AC -12.49%
Sept. 19, 2017 AC -15.87%
June 22, 2017 AC -12.12%

Avg (+ or -) 12.79%
Bias -6.58%, strongly negative bias on earnings.

With stock at 10.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 8.26 to 11.74 (+/- 17.4%)
Based on AVERAGE one-day move over last 12 quarters: 8.72 to 11.28
Based on MAXIMUM one-day move over last 12 Q’s (21.0%): 7.90 to 12.10
Based on UP max only (+18.0%): 11.80

Open to requests for other symbols.