Daily Archives: Thursday, July 20, 2023
Risk off
#SPX1dte Bought to close $SPX July 21st 4485/4465 put spreads for .50. Condors sold this morning for 1.05. Will leave calls to expire or maybe close cheaply.
SPY
2 hour scalp
Sold 1 SPY 07/20/2023 452 Diagonal Put at $0.21
SNOW
#ShortPuts – Adding.
Sold SNOW Aug 04 2023 167.5 Put @ 3.05
SPX stopped
#SPX1dte Bought to close $SPX 4525/4505 put spreads for .30. Condors sold this morning for 1.15. Stop was hit at the day’s low, then we bounced right away, so I was able to wait for a cheap price to close.
Schwab Upcoming Economic News
Calendar
July 21: Expected earnings from American Express (AXP), AutoNation (AN), and Regions Financial (RF)
July 24: Expected earnings from Domino’s Pizza (DPZ) and Whirlpool (WHR)
July 25: July Consumer Confidence and expected earnings from Alaska Air (ALK), Archer Daniels (ADM), Biogen (BIIB), Dow (DOW), Alphabet (GOOGL), General Electric (GE), General Motors (GM), Kimberly-Clark (KMB), Verizon (VZ), Microsoft (MSFT), and Visa (V)
July 26: FOMC rate decision, June New Home Sales, and expected earnings from AT&T (T), Boeing (BA), Coca-Cola (KO), Union Pacific (UNP), Chipotle (CMG), and Meta Platforms (META)
July 27: Q2 Gross Domestic Product (GDP) first estimate, June Pending Home Sales, June Durable Orders, and expected earnings from AbbVie (ABBV), Baxter (BAX), Bristol-Myers (BMY), Honeywell (HON), McDonald’s (MCD), Ford (F), and Roku (ROKU)
Earning So Far
Despite the market’s reaction to Tesla and Netflix, earnings season is surpassing analysts’ pre-quarter estimates, though the bar was low and it’s still very early. More than 80% of S&P 500 companies reporting through Wednesday beat Wall Street’s earnings per share (EPS) estimates, compared with the 74% average over the last 10 years.
SPX next day
#SPX1dte Sold to Open $SPX Jul 20th 4465/4485-4600/4620 condors for 1.05, deltas -.06 +.06, IV 14.5%, SPX 4544
JNJ DLR CSCO
Sold my tiny position in JNJ at $167.23. Bought at $154.98.
Sold a very old lot of CSCO at $52.56 (at the 52-week high). Bought in April 2022 at $50.00.
Yesterday, sold part of my tiny position in DLR at $120.01. Bought this lot at $115.78.
#FormerFallingKnife
SPY,
BTC July 21, 420 put at .02, sold at 1.16
SPX same day
#SPX1dte Sold to Open $SPX Jul 20th 4505/4525-4595/4615 condors for 1.15, deltas -.08 +.07, IV 17.9%
Options Bistro 