SLB

#CoveredCalls – After quite a few credit rolls finally out of this one. Still some work to do in it though…

Bought to Close SLB JUL 31 2020 19.5 Calls @ .01 (sold for 1.65)

TQQQ

#ShortPuts – Out on the road when this filled. Tried adding an AAPL strangle that didn’t fill. Playing the big boys pin action with an aggressive TQQQ.

Sold TQQQ AUG 21 2020 90.0 Puts @ 2.50

SPX 1-dte

#SPX1dte Sold to Open $SPX July 31st 3140/3160-3300/3320 condors for 1.25, IV 20.24%, SPX 3243, ∆ -.07,+.06

KODK

#putratiospread
#brokenwingbutterfly
#bearcallspreads

Sep 18 Sold 30/25 put ratio spread for 5.65 (5×10)
Bot BWB 15/10/7.5 for 1.25 qty 5
Trying to execute a ratio bear call spread at 60/65 for .70 qty 4
No upside risk, breakeven w/ the call spread is $10.00

kodk

TRADES:

THC STO 7/31/20 26.5 PUTS @.30
THC STO 7/31/20 27.5 CALLS @.37

TQQQ

#ShortPuts – Never got a chance to add. Taking it off 3 weeks early…

Bought to Close TQQQ AUG 21 2020 50.0 Put @ .14 (sold for 1.72)

AMZN target practice

#Earnings Sold to Open $AMZN July 31st 3050/3080/3110 #IronButterfly for 28.45. Risking 1.55 to make up to 28.00 if AMZN ends tomorrow near 3080, or if it swings wildly and passes through the 3080 area. I’ve done this trade many times and paid for the losses by winning two or three times. Doesn’t always sell for this much; 28+ is a good price. But to be clear, probability is highest that it will expire with one side deep ITM , which means a 30.00 debit (thus the 1.55 loss).

A TRADE:

HZO BTO STOCK @29.85

AMZN BUPS Closed

#earnings #bups

$AMZN BTC 7/31 2870/2890 BUPS at 3.50. STO at 8.83 on 7/24
Still have the $AMZN 8/21 2870/2890 bought on 7/28 for 7.20. Might hold through earnings.

CHWY

I think it has reached a level of support so:

BTO August 21, 48 calls at 2.36

STO August 7, 53 calls at .20 for a net debit of 2.16

#fuzzyhotair #putratioladder AAPL put ratio…

#fuzzyhotair
#putratioladder

AAPL put ratio ladder, week 4
(1×2 credit ratios, 30 delta/25 delta, with a BWB hedge to extend downside)

Week 1: CLOSED
Aug 21 345/340 sold 6.70, bought 2.32
Wish I hadn’t closed this, the breakeven was super far away…should have let more juice drain off until 20 DTE (right after these words were published AAPL dropped from $400+ to the 360’s on anti-competitive news reports, so closing was a good move in hindsight)

Week 2: Still open
Aug 28 372.5/365 sold 7.12, put fly hedge 350/340/335 .90
Breakeven $340

Week 3: Still open
Sep 4 360/355 sold 6.05, put fly hedge bought 345/335/330 for .93
Breakeven: $335

Week 4: opened using earnings volatility (earnings are tonight)
Sep 11 360/355 put ratio sold 6.10, put fly hedge bought 345/335/330 for .99
Breakeven $335

I make a practice of always having cash available for assignment on these, so about 3 rungs is the most I can have on this ladder right now. The week 2 position is down to 29 DTE….it is profitable now. Barring any disaster tonight I might be able to close it tomorrow. Though the positions are all staggered by date, they ARE clustered around breakeven. It would be better I think for more breakeven diversification….but the markets have been in some consolidation.

RAD SQ Calls Rolled

#coveredcalls

$RAD BTC 7/31 15.50 call and STO 8/7 16.50 call at even
$SQ BTC 7/31 129 call and STO 8/7 131 call at $3.00 added credit

INTC

Intel is getting interesting to me as it begins to approach the March lows.
Just putting this out there for ideas.

TRADES:

APT STO 7/31/20 23.0 CALLS @.40
WFC STO 8/7/20 24.5 PUTS @.51
MS STO 8/7/20 47.5 PUTS @.53

#earnings #ironcondor AAPL Sold Aug….

#earnings #ironcondor AAPL

Sold Aug. 21, 335/340/410/415 for 1.15.

Thanks for the data Jeff.

#earnings #closing FFIV July 27,…

#earnings #closing FFIV

July 27, sold an Aug. 21, 135/165 strangle for 3.10, yesterday bought it for 2.65.

Thanks for the earnings info Jeff

SPY

#ShortPuts – Easing back into this one…

Sold SPY Sep 18 2020 285.0 Put @ 3.55

VXX New Diagonal Call

Bought to open 1 VXX 10/16/2020 70.0 Call / Sold 1 VXX 08/07/2020 33.50 Call @ 0.21 Credit with the stock at 30.95.
Hoping to acquire another free October long position for the coming Election chaos

VXX

Balancing out my large short put position for tomorrow by selling 2 day calls against my long Sep and Oct call positions.
Sold VXX 07/31/2002 32.0 Call @ 0.61 (adding to my position right at my average cost)
Sold VXX 07/31/2002 33.0 Calls @ 0.36

LABU

#ShortPuts – I’ll take it now. You just never know…

Bought to Close LABU JUL 31 2020 47.5 Puts @ .10 (sold for 1.60)

AMZN earnings analysis

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

April 30, 2020 AC -7.59%
Jan. 30, 2020 AC +7.37%
Oct. 24, 2019 AC -1.09%
July 25, 2019 AC -1.55%
April 25, 2019 AC +2.54%
Jan. 31, 2019 AC -5.38%
Oct. 25, 2018 AC -7.81% Biggest DOWN
July 26, 2018 AC +0.51%
April 26, 2018 AC +3.60%
Feb. 1, 2018 AC +2.87%
Oct. 26, 2017 AC +13.21% Biggest UP
July 27, 2017 AC -2.48%

Avg (+ or -) 4.67%
Bias 0.35%, tiny positive bias on earnings.

With stock at 3020.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 3197.00 to 3551.00 (+/- 6.5%)
Based on AVERAGE one-day move over last 12 quarters: 2879.07 to 3160.93
Based on MAXIMUM one-day move over last 12 Q’s (13.2%): 2621.06 to 3418.94
Based on DOWN max only (-7.8%): 2784.14

Open to requests for other symbols.

TQQQ

STO August 21, 65 put at .52

AAPL earnings analysis

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

April 30, 2020 AC -1.60%
Jan. 28, 2020 AC +2.09%
Oct. 30, 2019 AC +2.26%
July 30, 2019 AC +2.04%
April 30, 2019 AC +4.90%
Jan. 29, 2019 AC +6.83% Biggest UP
Nov. 1, 2018 AC -6.63% Biggest DOWN
July 31, 2018 AC +5.89%
May 1, 2018 AC +4.41%
Feb. 1, 2018 AC -4.33%
Nov. 2, 2017 AC +2.61%
Aug. 1, 2017 AC +4.72%

Avg (+ or -) 4.03%
Bias 1.93%, positive bias on earnings.

With stock at 376.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 351.44 to 400.56 (+/- 6.5%)
Based on AVERAGE one-day move over last 12 quarters: 360.86 to 391.14
Based on MAXIMUM one-day move over last 12 Q’s (6.8%): 350.32 to 401.68
Based on DOWN max only (-6.6%): 351.07

Open to requests for other symbols.

FB earnings analysis

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

April 29, 2020 AC +5.41%
Jan. 29, 2020 AC -6.13%
Oct. 30, 2019 AC +1.80%
July 24, 2019 AC -1.93%
April 24, 2019 AC +5.84%
Jan. 30, 2019 AC +10.81% Biggest UP
Oct. 30, 2018 AC +3.80%
July 25, 2018 AC -18.96% Biggest DOWN
April 25, 2018 AC +9.06%
Jan. 31, 2018 AC +3.31%
Nov. 1, 2017 AC -2.04%
July 26, 2017 AC +2.91%

Avg (+ or -) 6.00%
Bias 1.16%, positive bias on earnings.

With stock at 230.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 216.31 to 243.69 (+/- 6.0%)
Based on AVERAGE one-day move over last 12 quarters: 216.20 to 243.80
Based on MAXIMUM one-day move over last 12 Q’s (19.0%): 186.39 to 273.61
Based on UP max only (+10.8%): 254.86

Open to requests for other symbols.

LRCX Earnings

#JadeLizards #Earnings – Stock went up. (big surprise 🙂 ). Getting what I can from the call spread and letting the put side expire. Made .35!!

Bought to Close LRCX JUL 31 2020 350.0/355.0 side of the Jade Condor @ 4.75 (sold for 5.10)

5010038444245_T1

AAPL Earnings

#ShortPuts #Earnings – Going out to the monthlies for a little more safety and premium. Selling the expected move but below the 50ma. I’ll still put it in the #TakeOneForTheTeam category. 🙂 🙂

Sold AAPL AUG 21 2020 350.0 Put @ 3.75

TQQQ

STO September 18, 65 put at 1.94

STO September 18, 70 put at 2.51