Scared money may not make money today, but at least it lives to fight another day…
Daily Archives: Tuesday, August 4, 2020
SPX 1-dte
#SPX1dte Sold to Open $SPX Aug 5th 3220/3240-3345/3365 condors for .85, IV 13.91%, SPX 3299, deltas -.06,+.06
AMD
Not timely, sorry. Is from this morning. Small position. Likely risky.
BTO $AMD Sept-18-2020 85 #Calls @4.75.
ATVI Earnings
#ShortPuts #Earnings – Just a straight put sale going out to the monthlies. Selling at the expected move and 50ma.
Sold ATVI AUG 21 2020 76.0 Puts @ .98
#shortputs #longstock XOM CC Followed…
#shortputs #longstock XOM CC
Followed honkhonk81 into CC, 100 shares
XOM, sold Aug. 21, 41 put for .72, stock in the 43s
AMZN
STO September 18, Iron condor 2650/2700-3700/3750 for 9.35 premium. I intend to cover this around 21 days to expiration. I am using the TT strategy.
NFLX
BTC August 21, iron condor, 430/440-580,590 at .80 cents, sold at 3.20
ROKU NVAX Calls Rolled
#coveredcalls
$SQ BTC 8/7 131 call and STO 8/14 138 call at 1.65 debit. Earnings tomorrow so I have an earnings play. Stock at 135.86.
$NVAX BTC 8/7 145 calls and STO 8/7 155 calls at debit of 4.60. Stock at 154.95.
TQQQ
Good morning, I have been without power this morning but I did
STODecember 75 puts at 7.40
TRADES:
CC BTO STOCK @19.45
THC BTO STOCK @24.75, 24.93, 24.97, 25.35 Reported earnings last night.
DIS earnings analysis
#Earnings $DIS reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
May 5, 2020 AC -0.17%
Feb. 4, 2020 AC -2.32%
Nov. 7, 2019 AC +3.76% Biggest UP
Aug. 6, 2019 AC -4.94% Biggest DOWN
May 8, 2019 AC -1.03%
Feb. 5, 2019 AC -1.10%
Nov. 8, 2018 AC +1.72%
Aug. 7, 2018 AC -2.21%
May 8, 2018 AC -1.78%
Feb. 6, 2018 AC -1.32%
Nov. 9, 2017 AC +2.04%
Aug. 8, 2017 AC -3.87%
Avg (+ or -) 2.19%
Bias -0.94%, negative bias on earnings.
With stock at 117.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 111.05 to 123.95 (+/- 5.5%)
Based on AVERAGE one-day move over last 12 quarters: 114.93 to 120.07
Based on MAXIMUM one-day move over last 12 Q’s (4.9%): 111.70 to 123.30
Based on UP max only (+3.8%): 121.92
Open to requests for other symbols.
VXX
Another #Boredtodeath trade 🙂
Bought VXX Jun 21 2021 8.0 Puts / Sold VXX Aug 07 2020 27.0 Puts @ 0.12 Credit with the stock at 27.85.
Normal #Contango drift in VXX will help the long Puts between now and next June
Options Bistro 