ULTA

#ShortPuts – Following @Ramie’s lead and taking this off a few weeks early. Can add some earnings trades now.

Bought to Close ULTA AUG 21 2020 155.0 Put @ .90 (sold for 2.90)

SPX trades

#SPX7dteLong Bought to Open $SPX Aug 3rd 3215/3235-3245/3265 condors for 17.05, with SPX at 3238.

#SPX1dte Expiring: 3115/3135-3270/3290 condors, sold Friday for 1.25.

#earnings #shortstrangles FFIV Sold Aug….

#earnings #shortstrangles FFIV

Sold Aug. 21, 135/165 strangle for 3.10, stock around 150.

thanks for the data Jeff

WYNN

#CoveredCalls – Staying bearish and rolling down. Cutting long deltas about in half. Earnings next week (maybe)

Rolled WYNN JUL 31 2020 70.0 Call to JUL 31 2020 65.0 Call @ 3.55 credit (7.35 total now)

LULU

BTC Jul-31-2020 275/285 #BuPS @0.05 Debit – was sold @1.25 on 7/16
STO Aug-21-2020 285/295 #BuPS @1.20 Credit. Short side is 16 delta.
Holding Aug 07 and Aug-14 290/300 #BuPS

#shortstrangles COF Sold Sept. 18,…

#shortstrangles COF

Sold Sept. 18, 55/75 strangle for 3.05, stock around 65.

#tastytradefollow

SPX 7-dte

#SPX7dteLong Sold to close $SPX July 27th 3245/3225 put spreads for 13.10. Condors bought last Monday for 16.75. Too much risk of this closing near or in the dead zone, so locking in a 3.65 loss now rather than possibly more later.

Taking profits on ULTA

Bought to close $ULTA 8/21 155 puts @ 1.10. Sold for 2.90 on 7/9. Thanks @fuzzballl!

FFIV earnings analysis & trade

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

April 27, 2020 AC +7.59% Biggest UP
Jan. 27, 2020 AC -5.04%
Oct. 23, 2019 AC +5.50%
July 24, 2019 AC -0.65%
April 24, 2019 AC -1.08%
Jan. 23, 2019 AC -2.22%
Oct. 24, 2018 AC +6.10%
July 25, 2018 AC +1.07%
April 25, 2018 AC +0.89%
Jan. 24, 2018 AC -5.05%
Oct. 25, 2017 AC +3.97%
July 26, 2017 AC -7.16% Biggest DOWN

Avg (+ or -) 3.86%
Bias 0.33%, small positive bias on earnings.

With stock at 153.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 143.53 to 162.47 (+/- 6.2%)
Based on AVERAGE one-day move over last 12 quarters: 147.09 to 158.91
Based on MAXIMUM one-day move over last 12 Q’s (7.6%): 141.39 to 164.61
Based on DOWN max only (-7.2%): 142.05

NOTE: 5-day max moves are roughly the same as 1-day

Open to requests for other symbols.

TQQQ

On Friday I did sell the December 35 puts at 2.05, It went into the wrong account and I did not see it.