XLE at the close
STO XLE Oct16’20 30 PUT @ 0.43
STO XLE Dec18’20 30 PUT @ 1.10
Daily Archives: Thursday, August 20, 2020
TSLA
MAking a new all time high so, rolled the 750 put up to the 1200 put for a credit of 6.02
SPX trades
#SPX1dte Sold to Open $SPX Aug 21st (PM) 3315/3335-3425/3445 condors for 1.00, IV 12.74%, SPX 3390, deltas -.07, +.07.
WDC to STX swap
#CoveredCalls – Thanks to @OptionIceman for reminding me WDC had suspended it’s divvy. I was not aware of this. STX is a similar company with a similar chart and a similar divvy. Liquidated my WDC and bought an equal number of shares in STX. WDC was underwater so I’ll roll all that into the new position and go from there with an STX basis.
Thanks again Iceman!
TSLA
I’ve been away from this one since January.
Taking a flyer here with 1 DTE
Sold 1 TSLA 08/21/2020 2300 Call / Bought 1 TSLA 2500 Call @ 1.52 Credit.
This stock topped out at 2021.99 so far, up 140 ish
AMZN NVDA SPCE WDC
#IronCondors #ShortStrangles #CoveredCalls #Earnings – A little bit of everything today…
AMZN: Book it. Remnants of an iron condor after closing the longs recently.
Bought to Close AMZN AUG 21 2020 2700.0/3700.0 Strangle @ .25 (sold for 4.05)
NVDA: Earnings plus new position.
Bought to Close NVDA AUG 21 2020 455.0 Put @ .23 (sold for 4.10)
Bought to Close NVDA SEP 04 2020 425.0 Put @ 1.55 (sold for 3.80)
Sold NVDA SEP 18 2020 425.0 Put @ 3.95
SPCE: Covered. New sales playing to the downside.
Bought to Close SPCE AUG 21 2020 18.0 Calls @ .05 (sold for 1.65)
Sold SPCE AUG 28 2020 15.0 Calls @ 2.05
WDC: Stock assigned early so beginning covered call campaign. Great divvy down here.
Sold WDC SEP 11 2020 36.0 Calls @ .56
A TRADE:
KODK STO 8/28/20 8.0 CALLS @.68
KODK 100 SHARES @7.29 #Covered call.
CLDR PUT Rolled
#shortputs
$CLDR BTC 8/21 12.5 put and STO 8/26 12.5 put at .10 added credit
FL earnings analysis & trade
#Earnings $FL reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
May 22, 2020 BO -8.49%
Feb. 28, 2020 BO +8.01%
Nov. 22, 2019 BO -2.91%
Aug. 23, 2019 BO -18.91%
May 24, 2019 BO -15.95%
March 1, 2019 BO +5.96%
Nov. 20, 2018 AC +14.90%
Aug. 24, 2018 BO -9.17%
May 25, 2018 BO +20.15%
March 2, 2018 BO -12.72%
Nov. 17, 2017 BO +28.16% Biggest UP
Aug. 18, 2017 BO -27.92% Biggest DOWN
Avg (+ or -) 14.44%
Bias -1.57%, negative bias on earnings.
With stock at 27.15 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 25.04 to 29.26 (+/- 7.8%)
Based on AVERAGE one-day move over last 12 quarters: 23.23 to 31.07
Based on MAXIMUM one-day move over last 12 Q’s (28.2%): 19.50 to 34.80
Based on DOWN max only (-27.9%): 19.57
Open to requests for other symbols.
NVDA closed
#Earnings BTC $NVDA 455/460-525/530 iron condors for $0.15. Sold yesterday for 1.75.
This was my first Jeff follow. Now I’m a Believer.
DE earnings analysis
#Earnings $DE reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
May 22, 2020 BO -1.47%
Feb. 21, 2020 BO +6.99% Biggest UP
Nov. 27, 2019 BO -4.29%
Aug. 16, 2019 BO +3.84%
May 17, 2019 BO -7.65% Biggest DOWN
Feb. 15, 2019 BO -2.11%
Nov. 21, 2018 BO +2.42%
Aug. 17, 2018 BO +2.35%
May 18, 2018 BO +5.74%
Feb. 16, 2018 BO +1.57%
Nov. 22, 2017 BO +4.32%
Aug. 18, 2017 BO -5.37%
Avg (+ or -) 4.01%
Bias 0.53%, positive bias on earnings.
With stock at 191.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 183.41 to 198.59 (+/- 4.0%)
Based on AVERAGE one-day move over last 12 quarters: 183.34 to 198.66
Based on MAXIMUM one-day move over last 12 Q’s (-7.7%): 176.39 to 205.61
Based on UP max only (+7.0%): 204.35
Open to requests for other symbols.
#shortputs VIAC Sold Sept. 18,…
#shortputs VIAC
Sold Sept. 18, 25 put for .88.
TSLA hits 2003.16
Just WOW
NVDA closed
#Earnings BTC $NVDA 455/460-525/530 iron condors for .20. Sold yesterday for 1.70.
WFC GILD WBA HII
S&P500 Dividend payers within 10% of their yearly lows.
On my watch list for now
BABA Iron Condor
Sold $BABA 9/18 225/235//280/290 iron condor @ 2.95. Earnings were reported this morning.
TSLA
STO September 18, 750/3500 strangle at 6.80, Going to try one more time to make money on TSLA.
KSS covered calls
Bought to Close KSS Aug 21 2020 22.5 Covered Calls 0.01. Sold before earnings @ 1.88.
So it didn’t quite protect me from the drop in the stock, but it did help.
Some diagonal bear spreads helped a bit too.
#closing PLUG Aug. 12, sold…
#closing PLUG
Aug. 12, sold a Sept. 18, 10/12 put spread for 1.15, bought today for .59
Thanks to everyone who was plugging PLUG
SPX 7-dte
#SPX7dteLong Bought to Oen $SPX Aug 26th 3340/3360-3370/3390 condors for 16.00, with SPX at 3363.
TQQQ
BTC August 21, 70 puts at .01, sold at .85 cents. That is it for this week.
VXX
Completing some Short Calendar Iron Condor Spreads.
Bought to Open VXX Oct 16 2020 70 Calls / Sold VXX Aug 21 2020 26.0 Calls @ 0.05 Credit.
Bought to Open VXX Sep 18 2020 60 Calls / Sold VXX Aug 21 2020 27.0 Calls @ 0.08 Credit.
Still trying to keep my 25.0 Puts out of the money by the close tomorrow.
As a kicker I also sold some VXX Aug 21 2020 28.0 Calls @ 0.25 against already long calls that expire tomorrow but are fully paid for from earlier spreads.
#DoubleDip
Options Bistro 