Closed AMZN 2940/2990-3950/4000 Iron condor…

Closed AMZN 2940/2990-3950/4000 Iron condor at 7.00, sold at 8.01
I am back.

VXX

Sold 1 VXX Sep 11 2020 25.50 Put at $0.27.
Sold against old long Puts as always
#DoubleDip

#closing AMZN Aug. 21, sold…

#closing AMZN #shortputspread NKLA

AMZN Aug. 21, sold an Oct. 16, 3030/3050/3660/3680 #ironcondor for 6.30, bought today for 3.48
NKLA sold Oct. 16, 20/30 for 1.47

ABBV – Oven Baked Election Proof

#sleepatnight

BTO ABBV stock @ $92.19 
STO ABBV Nov: 90 call @ $5.25

BTO ABBV Jun 2022: 120 put : @ $38.42

ABBV pays a $4.72 per share dividend (5.1% yield).

For the $120 protective put you are paying (92.19 + 38.42) – 120 = $10.51 premium. The first call sale ($5.25) pays off 50% of that premium.

NFLX

#ShortStrangle – Adding another short call to the strangle for additional premium.

Sold NFLX SEP 18 2020 550.0 Call @ 1.75

Position is now 475/550/600 @ 8.40

$SPX for Friday

Let’s try this again. Sold $SPX 9/11 3300/3325/3500/3525 iron condor @ 3.95. Short deltas 14 (puts) 10 (calls).

VXX Diagonal Calendar Put

I’m adding to my long in a new expiration month with this spread.
Bought to open VXX 03/19/2021 14.0 Puts / Sold VXX 09/11/2020 26.50 Puts @ 0.07 Credit.
VXX is 26.65

SPY Roll

Bought to close 1 SPY 09/09/2020 337.0 Call / Sold 1 SPY 09/11/2020 339.0 Call @ 0.14 Credit
Got a 2 point better strike on the short for just 2 more days.
Did the switch with SPY @ 341.28

RH condor

#Earnings Got filled on what is almost a 1/1 risk/reward, on the chance this will have a smaller than usual move.

Sold $RH Sept 11th 285/287.5-352.5/355 condors for 1.202. Strikes are 10.2% OTM, while average move has been 16.2%. But that average is skewed higher by some huge moves that haven’t happened in more recent quarters.

SPX trades

#SPX1dte Call side stop was touches, so BTC $SPX Sept 9th 3440/3460 call spreads for .45. Condors sold for 1.15… total closing costs .60, so profit of .55.

#SPX7dteLong Set to expire: $SPX Sept 9th 3480/3460 put spreads for max credit of 20.00. Condors bought for 17.20 last Thursday, so profit of 2.80.

#ironcondor TSLA Sold Oct. 16,…

#ironcondor TSLA #shortputs WBA
TSLA Sold Oct. 16, 250/260/450/460 for 3.56
#tastytradefollow
WBA sold Oct. 16, 32.50 put for .53

SPY

First new position in a while as I add to my spreads
Bought 1 SPY 10/23/2020 360.0 Call / Sold 1 SPY 09/16/2020 345.0 Call @ 0.22 Credit.
The real money is not made on the first write, but on the follow on writes if the first short expires.
SPY at 341.50 when this was put on.

NUGT Calls Rolled / VXX Puts

#coveredcalls
$NUGT BTC 9/18 100 calls and STO 9/26 105 calls at .15 debit. Been rolling this longer then the miller’s daughter in Rumpelstiltskin has been spinning gold from hair.

#shortputs
$VXX STO 9/11 26 put at .25. Thank you @optioniceman for reminding to sell against the long $VXX pyt.

RH earnings analysis

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

June 4, 2020 AC -0.88%
March 30, 2020 AC -14.85%
Dec. 4, 2019 AC +13.39%
Sept. 10, 2019 AC +5.07%
June 12, 2019 AC +15.82%
March 28, 2019 AC -21.96% Biggest DOWN
Dec. 3, 2018 AC +10.90%
Sept. 4, 2018 AC -13.06%
June 11, 2018 AC +30.54%
March 27, 2018 AC +22.48%
Dec. 5, 2017 AC +0.79%
Sept. 6, 2017 AC +44.75% Biggest UP

Avg (+ or -) 16.21%
Bias 7.75%, positive bias on earnings.

With stock at 320.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 279.63 to 360.37 (+/- 12.6%)
Based on AVERAGE one-day move over last 12 quarters: 268.14 to 371.86
Based on MAXIMUM one-day move over last 12 Q’s (44.8%): 176.80 to 463.20
Based on DOWN max only (-22.0%): 249.73

Open to requests for other symbols.

TRADES: When I trade high…

TRADES: When I trade high priced stocks over $100.00, I trade in increments of 25 shares.

VMW BTO STOCK @136.89
WKHS STO 9/11/20 25.0 CALLS @1.07
AAPL BTO STOCK @116.96, 116.60, 116.40, 117.32,117.72 Method not for everybody,works4me.
WKHS STO 9/18/20 30.0 CALLS @.90

TQQQ

#ShortPuts – Not quite half but I’ll take it for one day.

Bought to Close TQQQ OCT 2 2020 85.0 Put @ 1.95 (sold yesterday for 3.45)

WBA Diagonal Calendar

Adding one more:
Bought to open WBA 10/23/2020 30.0 Puts / Sold WBA 09/11/2020 35.50 Puts @ 0.17 Credit

DOCU

#ShortPuts – Jumping back in for a quickie…

Sold DOCU SEP 25 2020 177.5 Put @ 2.50

SPX 1-dte

#SPX1dte BTC $SPX Sept 9th 3200 puts for .15. Condors sold yesterday for 1.15.

VXX Puts

Sold 1 VXX 09/11/2020 26.0 Put @ 0.37

plus:
VXX Diagonal Calendar Put
I’m adding a new long in a new expiration month with this spread
Bought to open VXX 03/19/2021 14.0 Puts / Sold VXX 09/11/2020 27.0 Puts @ 0.12 Credit.

LULU

#ShortStrangles – After earnings short term strangle…

Sold LULU SEP 18 2020 300.0/380.0 Strangle @ 4.60