#SPX1dte Sold to Open $SPX July 15th 3080/3100-3255/3275 condors for 1.00, IV 21.25%, SPX 3198 (close), deltas -.05, +.06. Filled three minutes after the closing bell.
Daily Archives: Tuesday, July 14, 2020
VXX
VXX is down almost 3 points from the peak of 36.01
Selling calls in the morning, and Puts in the afternoon
Sold VXX 07/17/2020 31.50 Puts @ 0.39 adding to my position.
The puts don’t scare me as much as the calls.
I still have Long Puts with nothing written against them for this week, but fully paid for with previous writes.
Long Put +3 Jun 18 2021 9.00
Long Put +2 Jan 21 2022 8.00
Long Put +2 Jan 21 2022 7.00
Long Put +2 Jan 21 2022 6.00
Long Put +2 Jan 21 2022 5.00
Long Put +2 Jun 17 2022 8.00
GS earnings analysis
#Earnings $GS reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
April 15, 2020 BO +0.16%
Jan. 15, 2020 BO -0.18%
Oct. 15, 2019 BO +0.31%
July 16, 2019 BO +1.86%
April 15, 2019 BO -3.81% Biggest DOWN
Jan. 16, 2019 BO +9.54% Biggest UP
Oct. 16, 2018 BO +3.01%
July 17, 2018 BO -0.18%
April 17, 2018 BO -1.64%
Jan. 17, 2018 BO -1.86%
Oct. 17, 2017 BO -2.60%
July 18, 2017 BO -2.59%
Avg (+ or -) 2.31%
Bias 0.17%, no significant bias on earnings.
With stock at 211.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 201.02 to 221.98 (+/- 5.0%)
Based on AVERAGE one-day move over last 12 quarters: 206.61 to 216.39
Based on MAXIMUM one-day move over last 12 Q’s (9.5%): 191.32 to 231.68
Based on DOWN max only (-3.8%): 203.44
Open to requests for other symbols.
#shortputs CHNG Sold Aug. 21,…
#shortputs CHNG
Sold Aug. 21, 11 put for 1.14. Stock is just under 11, earnings Aug. 17.
TQQQ
Just testing the market.
STO August 21, 45 puts at .57 cents.
VXX
Sold to Open VXX Jul 17 2020 41.0 Call @ $0.66 adding to my position.
Sold against long August and September Calls left over from older diagonals.
#DoubleDip
Options Bistro 