Somebody thinks the VIX is going to drop tomorrow. All these filled near the end of the day and went even higher.
Sold VXX Oct 02 2020 23.5 Puts at $0.10
Sold VXX Oct 02 2020 24.0 Puts at $0.21
Sold VXX Oct 02 2020 24.5 Put at $0.48
Daily Archives: Tuesday, September 29, 2020
SPX trades
#SPX7dteLong Bought to Open $SPX Oct 5th 3315/3335-3345/3365 condors for 17.50, with SPX at 3339.
#SPX1dte Sold to Open $SPX Sep 30th 3235/3255-3415/3435 condors for 1.20, IV 20.07%, SPX 3341, deltas -.05,+.06
Another NVDA condor
Sold $NVDA 10/16 470/480/590/600 iron condor @ 2.65 with the stock around 530. Short strikes around 16 delta. IV rank 35.
OSTK
#ShortPuts – Starter position in a different account…
Sold OSTK OCT 9 2020 65.0 Put @ 1.60
TSLA
#ShortPuts – Jumping back in…
Sold TSLA OCT 02 2020 385.0 Put @ 2.05
NVTA Puts
#shortputs
$NVTA STO 10/16 40 puts at 1.30
VIX
What if the VIX doesn’t go up?
https://www.zerohedge.com/markets/crash-risk-what-if-election-not-doomsday-event-vix-expects-it-be
Quote of the day
If you intend to watch, remove all sharp objects and fragile home furnishings from your TV room. Start drinking at least one hour in advance. Consider a small dose of horse tranquilizer.
TDOC
#ShortPuts – Nice run the last few days so I’ll take it 10 days early…
Bought to Close TDOC OCT 09 2020 180.0 Put @ .35 (sold for 2.75)
TSLA
ShortPuts – Taking the quick profit…
Bought to Close TSLA OCT 02 2020 390.0 Put @ 2.50 (sold for 4.75)
ADBE adjust
$ADBE Adjusted my 10/16 420/430/510/520 iron condor. Rolled the 430/420 bull put spread up to 460/450 for 1.18 credit. Stock at 490.77 and looking pretty strong. Total premium now 4.29.
WFC Put spread
Put buyers are really concerned about Well Fargo’s October 14th #Earnings report
Bought to Open WFC Dec 18 2020 17.5 Puts / Sold to open WFC Oct 16 2020 21.5 Puts @ 0.04 Net Credit.
The short strike is a half point below the 52Week low.
And I have another spread-based short put at 22.0 that probably expires the week before.
That will give me an extra set of protective long puts.
#closing CHWY DKNG #jadelizard #shortputs…
#closing CHWY DKNG #jadelizard #shortputs
CHWY Sept. 10, sold a jade lizard with a long put, making it an iron condor. CHWY went down quite a bit, selling the long put and a couple rolls, closed the position today for a gain
DKNG Sept. 21, sold an Oct. 9, 41 put for .80, bought today for .08
SPY
#ShortPuts – Hitting resistance so taking it early…
Bought to Close SPY OCT 16 2020 295.0 Put @ .51 (sold for 2.30)
TSLA
#ShortPuts – Pretty aggressive but a couple rolls available leading into earnings…
Sold TSLA OCT 02 2020 390.0 Put @ 4.75
DOCU
#ShortPuts – Booking it on the early bounce…
Bought to Close DOCU OCT 09 2020 180.0 Put @ .30 (sold for 2.90)
MU earnings analysis
#Earnings $MU reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
June 29, 2020 AC +4.82%
March 25, 2020 AC +5.38%
Dec. 18, 2019 AC +2.80%
Sept. 26, 2019 AC -11.09% Biggest DOWN
June 25, 2019 AC +13.34% Biggest UP
March 20, 2019 AC +9.61%
Dec. 18, 2018 AC -7.91%
Sept. 20, 2018 AC -2.86%
June 20, 2018 AC +0.83%
March 22, 2018 AC -7.99%
Dec. 19, 2017 AC +4.02%
Sept. 26, 2017 AC +8.51%
Avg (+ or -) 6.60%
Bias 1.62%%, positive bias on earnings.
With stock at 51.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 47.23 to 54.77 (+/- 7.4%)
Based on AVERAGE one-day move over last 12 quarters: 47.64 to 54.36
Based on MAXIMUM one-day move over last 12 Q’s (13.3%): 44.20 to 57.80
Based on DOWN max only (-11.1%): 45.34
Open to requests for other symbols.
WDC
Sold to open WDC Oct 02 2020 41 Calls at $0.31
SLB Covered Calls
Covered up part of my long stock yesterday
Sold SLB 10/02/2020 17.0 Calls @ 0.25
Sold SLB 10/02/2020 17.5 Calls @ 0.13
Options Bistro 