$TSLA BTC 11/20 490 call and STO 11/27 510 call for added 1.04 credit and extra $20 if called away. Sold against 12/18 450 calls.
$PLUG STO 11/20 23 put at .50.
Daily Archives: Wednesday, November 18, 2020
Calculating risk associated with a collar trade
A friend asked me a question about risk and collar trades. I provided an answer, but then started doubting if the answer was correct.
Example:
BTO 100 shares of XYZ stock
BTO 1 Jan 2020 $100 PUT
STO 1 Jan 2020 $100 CALL
The entire transaction was done for $100 debit.
I said that if the position is held until expiry, there would be not risk (not counting fees).
Is that correct or did I miss something?
TGT,
STO December 18, 160 puts at 2.05
TQQQ,
STO January 15, 85 puts at 2.40
SPX trades
#SPX7dteLong Sold to close $SPX Nov 18th 3545/3565 call spreads for 19.75. Condors bought for 17.75 on Tuesday the 10th. The drop made me nervous enough to sacrifice $25 to avoid an ITM expiration.
#SPX1dte Expiring: 3520/3540-3660/3680 condors, sold yesterday for 1.30.
VXX Puts – early roll
Bought to close VXX Nov 20 2020 21.5 Puts / Sold to Open VXX Nov 27 2020 21.5 Puts at $0.30 Credit.
Taking in $Cash. Buying more time.
SPY Diagonal
Sold 1 SPY NOV 25 2020 $357 CALL / Bought 1 SPY DEC 11 2020 $380 CALL @ 4.75 Credit
PTON
Rolled $PTON Nov-20-2020 $125 #CoveredCalls // Nov-27-2020 110 @1.50 Credit.
Was earlier today and I could have probably gotten a bit more if I’d have waited.
SPX 7-dte
#SPX7dteLong Bought to Open $SPX Nov 25th 3615/3635 call spreads for 9.50, with SPX at 3610. Taking only call side for expiry one week from today, based on Upside Warning and usual lazy bullishness around a holiday week.
TQQQ
STO January 15, 90 put at 2.75, could have done better.
TQQQ
#ShortPuts – IV is jacked up nicely out around Inauguration day. Throwing this out as a starter hoping to add some lower…
Sold TQQQ JAN 15 2021 80.0 Put @ 2.00
Bring out your dead AAL WFC
Not dead yet
VXX Contango Special
Bought to open VXX Jan 21 2022 6 Puts / Sold to Open VXX Nov 27 2020 17.5 Puts @ 0.12 Credit.
Short DTE = 9
Long DTE = 429
https://www.zerohedge.com/markets/vix-has-new-event-nemesis
Closing TGT
BTC 12/4 155/177.50 strangle (earnings trade) @ 1.87. Sold for 4.11 yesterday.
SNOW
#ShortPuts – Bought to Close SNOW NOV 20 2020 230.0 Put @ .14 (sold for 2.80)
WKHS FTCH Put Closed
$WKHS BTC 11/20 20 put at .20. STO at $4.00 on 9/25
$FTCH BTC 11/20 41 put at .10. STO at $2.05 on 11/12
NVDA earnings analysis
#Earnings $NVDA reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Aug. 19, 2020 AC +0.02%
May 21, 2020 AC +2.86%
Feb. 13, 2020 AC +7.02%
Nov. 14, 2019 AC -2.66%
Aug. 15, 2019 AC +7.25% Biggest UP
May 16, 2019 AC -2.28%
Feb. 14, 2019 AC +1.81%
Nov. 15, 2018 AC -18.75% Biggest DOWN
Aug. 16, 2018 AC -4.90%
May 10, 2018 AC -2.15%
Feb. 8, 2018 AC +6.69%
Nov. 9, 2017 AC +5.26%
Avg (+ or -) 5.14%
Bias 0.01%, no bias on earnings.
With stock at 537.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 501.81 to 572.19 (+/- 6.6%)
Based on AVERAGE one-day move over last 12 quarters: 509.41 to 564.59
Based on MAXIMUM one-day move over last 12 Q’s (18.8%): 436.31 to 637.69
Based on UP max only (+7.3%): 575.93
Open to requests for other symbols.
NVTA Put Closed
$NVTA BTC 11/20 45 put at .60. STO at 3.61. Another batch hopefully will expire Friday.
TQQQ
BTC November 20, 85 puts at .01
#assignment WBA August 17, bought…
#assignment WBA
August 17, bought 100 shares at 41.11 and sold a 41.50 call with the purpose of picking up the dividend. I received the dividend and WBA started going down. I sold calls and puts 6 times, called away on a 38c call missing the dividend. I would have rolled except for the Amazon effect. Total profit of $91.75.
Options Bistro 