#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)
Daily Archives: Monday, July 27, 2020
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
#shortstrangles COF Sold Sept. 18,…
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.
