Sold VXX 08/14/2020 26.0 Puts @ 0.70 against 2021/2022 long puts already paid for by earlier diagonal spreads.
#DoubleDip
Daily Archives: Thursday, August 6, 2020
SPX 1-dte
#SPX1dte Since we have another #Jobs report tomorrow I’m going with a #RiskReversal for the upside.
Sold to Open $SPX Aug 7th 3290/3270 put spreads
Bought to Open Aug 7th 3390/3405 call spreads
Total credit: .20
IV: 16.27%, short put ∆ -.10, long call ∆ +.05
TSLA
STO September 18, 1330/1350-1880/1900 iron condor at 9.00
AAPL
STO September 18, 300/350-600/650 iron condor at 1.30,
UVXY
#CoveredCalls – I’ve got a few shares of stock I’ve been covering to keep my basis somewhat near the stock drop. Instead of selling more aggressive strikes I’ve been going out further and overlapping the sales. Once I can safely get a stop on a batch I sell the next ones. This week looks safe so…
Earlier this week:
Sold UVXY AUG 14 2020 25.0 Calls @ 1.50
And today:
Sold UVXY AUG 21 2020 25.0 Calls @ 1.42
SPX 7dte
#SPX7dteLong Bought to Open $SPX Aug 12th 3320/3340-3350/3370 condors for 15.80 with SPX at 3347. I didn’t buy the ATM spread yesterday because it was going for over 19.00. Wait one day and now it is the cheapest I’ve ever gotten on this strategy. Does this mean I should always wait for 6 days out rather than 7?
Also, BTC $SPX Aug 7th 3155/3135 put spreads for .05. This is for the lottery ticket chance of a major down day tomorrow, allowing me to close the call side for a profit without worrying about the put side. Condors SOLD last Friday for 18.95.
LULU
Early early on this, but with the run up yesterday, no sense in letting things sit.
Rolled $LULU Aug-14-2020 285/295 #BuPS // Sep-04-2020 290/300 @1.55 Credit.
WDC STO WDC Oct16’20 30…
WDC
STO WDC Oct16’20 30 PUT @ 0.72
STO WDC Jan15’21 30 PUT @ 2.01
EWZ TSLA
#ShortPuts – A few more…
Bought to Close EWZ AUG 14 2020 28.0 Puts @ .07 (sold for .71)
Bought to Close TSLA AUG 21 2020 600.0 Put @ .20 (sold for 2.27)
TRADES: Reported this morning, earnings.
VIAC STO 8/7/20 27.0 CALLS @.34
VIAC STO 8/7/20 27.0 PUTS @.43
VIAC BROKE A DOUBLE TOP ON THE POINT & FIGURE CHART, GIVING A BUY SIGNAL TODAY.
A TRADE:
WDC STO 8/7/20 37.0 PUT @.38 @fuzzball’s idea, I ran with it. Thank you fuzz.
LABU TNA
#ShortPuts – Taking a few chips off the table…
Bought to Close LABU AUG 14 2020 40.0 Puts @ .15 (sold for 1.15)
Bought to Close TNA AUG 21 2020 20.0 Puts @ .06 (sold for .61)
STMP Earnings
#JadeLizards #Earnings – This thing has proven that it can go anywhere on earnings. I guess that’s why it’s got the highest IV Rank on my list today by a wide margin. It’s down on the day and I’m playing it further to the downside. Going with the Jade Lizard with the put side close to 1.5x the expected move….2x the expected move including today’s down move. No upside risk but will need the stock down 20 more for a shot at max profit.
Sold STMP AUG 7 2020 215.0/245.0/250.0 Jade Lizard @ 5.90
LABU Roll
BTC $LABU Aug-07-2020 $56 #ShortPuts @0.50
STO $LABU Aug-14-2020 $55 #ShortPuts @2.01
YELP earnings analysis
#Earnings $YELP reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
May 7, 2020 AC +2.35%
Feb. 13, 2020 AC -3.47%
Nov. 7, 2019 AC +15.43%
Aug. 8, 2019 AC +5.20%
May 9, 2019 AC -14.37%
Feb. 13, 2019 AC -0.70%
Nov. 8, 2018 AC -26.59% Biggest DOWN
Aug. 8, 2018 AC +26.65%
May 10, 2018 AC -7.81%
Feb. 7, 2018 AC -14.04%
Nov. 1, 2017 AC -0.10%
Aug. 3, 2017 AC +27.66% Biggest UP
Avg (+ or -) 12.03%
Bias 0.85%, slightly positive bias on earnings.
With stock at 27.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 24.15 to 29.85 (+/- 10.6%)
Based on AVERAGE one-day move over last 12 quarters: 23.75 to 30.25
Based on MAXIMUM one-day move over last 12 Q’s (27.7%): 19.53 to 34.47
Based on DOWN max only (-26.6%): 19.82
Open to requests for other symbols.
Gold
Not a stock but …..
I couldn’t let the price get above 2050 go without some action on my part.
Sold a portion of my coins bought in 2014 @ 1205/oz.
I’m sure gold goes to $2500 now
VXX
Bought 1 VXX Sep 18 2020 40.00 Call & 1 VXX Oct 16 2020 51.00 Call , both @ 0.98.
I’ll write against these on any VIX explosion.
I can’t believe we won’t have some market moving news before the fall.
A TRADE: Ride ’em cowboy.
KODK BTO STOCK @15.92
TRADES:
THC STO 8/14/20 40.0 NTM CALLS @1.10
KODK STO 9/7/20 17.0 CALL @.97 Expires tomorrow.
IV Rank (percentile) in Think or Swim
Not sure why I didn’t do this a long time ago. Very easy to add the column to watchlists and do custom scans for IV rank. It’s an old video but still works perfectly.
#shortputs LUV Sold Sept. 18,…
#shortputs LUV
Sold Sept. 18, 27.50 put for .65
#tastytradefollow
ROKU
#ShortPuts – Down a little after earnings…
Sold ROKU SEP 18 2020 125.0 Put @ 2.80
WDC Earnings
#ShortPuts – Adding to my original position…
Sold WDC AUG 21 2020 40.5 Puts @ 2.75
TSLA
BTC August 21, 1800/1820-1350/1330 iron condor at 4.70, sold at 9.45, following TT, I.C. plan.
Options Bistro 