#Earnings – One earnings trade and one not an earnings trade but needed a pullback. Completely out of this stock now.
Breakeven on regular earnings since I don’t want any chance of being stuck in this thing…
Bought to Close BYND AUG 2 2019 140/170/225/227.5 Jade Lizard (skewed iron condor?) @ 3.17 (sold for 3.16)
Nice profit on the call spreads sold ITM…
Bought to Close BYND NOV 15 2019 200.0/205.0 Bear Call Spreads @ 1.30 (sold for 2.50)
#Earnings #JadeLizards – I feel like I’ve gotta play this just for the excitement aspect…LOL. I like @matt0311 ‘s idea which is similar to how I’ve played most of these earnings lizards. Selling call spread at the money and giving the put side room outside the expected move. In this case I’m also adding the junk long put in case this thing absolutely implodes. I’m also short some ITM call spreads so I wouldn’t hate a test of my put here.
Sold BYND AUG 2 2019 140/170/225/227.5 Jade Lizard (skewed iron condor?) @ 3.16
#CoveredCalls – Every time it looks like a breakout it sells off again. Building a nice long base that’s gonna go up or down eventually. 🙂 🙂
Bought to Close REGN JUL 26 2019 315.0 Call @ .10 (sold for 5.90)
Sold REGN AUG 02 2019 312.5 Call @ 2.30
Earnings Aug 6th…
#ShortPuts – Taking this off a couple weeks early…
Bought to Close AVGO AUG 09 2019 265.0 Put @ .35 (sold for 3.40)
#BearCallSpreads – I’ve gotta take a shot at this thing. Going defined risk out to Nov and slightly in the money. Possibly leg into an iron condor on a pullback.
Sold 2 BYND NOV 15 2019 200.0/205.0 Bear Call Spreads @ 2.50
#ShortPuts – Not my smartest trade with this thing so extended and sitting near a quadruple top. Maybe this’ll stir things up a little. Selling just above the 50ma…
Sold SOXL AUG 16 2019 150.0 Put @ 2.30
#ShortPuts – Starter position out to September. Hoping to build on it from here…
Sold XBI SEP 20 2019 80.0 Put @ 1.55
#CoveredCalls – Rolling up and out but keeping a little downside protection…
Rolled TNA JUL 26 2019 58.0 Calls to AUG 16 2019 59.0 Calls @ .11 credit
#ShortPuts – Drug prices back in the news today so taking profits on this one and looking to re-load in XBI. Premium not as good there but no drag to worry about either. Only 100 shares of LABU left so looking to get out of those in the next few weeks too.
Bought to Close LABU JUL 26 2019 45.0 Put @ .55 (sold for 2.20)
Not exactly sure how much this will impact the industry. We can hope for some selling! 🙂 🙂
https://www.reuters.com/article/us-usa-drugpricing-exclusive/exclusive-white-house-preparing-order-that-would-cut-drug-prices-for-medicare-sources-idUSKCN1UJ354
#ShortPuts -Earnings in a couple weeks so with the stock breaking support I’m getting out for a tiny profit and waiting.
Bought to Close NTES JUL 26 2019 237.5 Put @ 2.70 (sold for 3.03)
#Earnings #JadeLizard – Big bounce right out of the gate so booking it in case the call spread gets in trouble.
Bought to Close XLNX JUL 26 2019 121/129/132 Jade Lizards @ 1.39 (sold for 3.03)
#Earnings #JadeLizards – Everything seems so overbought I’m having trouble finding anything for tomorrow. XLNX is one of the cheaper ones though with pretty good premium. Playing it like all the others…to the downside with no upside risk.
Sold XLNX JUL 26 2019 121/129/132 Jade Lizards @ 3.03
This would get the stock below the 100ma and just above the 50ma and require a move down of 30 percent more than expected.
EDIT…not very much but still a 1.25% divvy yield at 118. Could probably easily triple that with covered call sales.
#ShortPuts – It’s only been below this level once in the last 10 years (a spike low during the big selloff last fall). Otherwise this has been a good entry. Usually one of the E’s is at a decent entry point. (EEM,EWW,EWZ)
Sold EWW AUG 23 2019 41.5 Puts @ .67 (really wanted one more down day on it)
#ShortPuts – Out a week early and commission free. Ready for earnings now.
Bought to Close NVDA AUG 02 2019 152.5 Put @ .10 (sold for 2.40)
#Earnings – I wanted the stock but I’ll take the winner…
Bought to Close T JUL 26 2019 31.5 Puts @ .02 (sold for .59)
#JadeLizards #Earnings – Gave it a shot. Made a few bucks. See ya next quarter. I will not be spending the 10 dollars on burritos!
Bought to Close CMG JUL 26 2019 600/660/720/725 modified Jade Lizard @ 4.81 (sold for 4.91)
Live cam from Oshkosh. Basically the Sturgis for airplane guys. Sturgis the following week. Retirement goal is a 3 week trip hitting both places…LOL Here’s a live stream….daily airshow begins at 2:30 central.
#JadeLizards #Earnings – Playing this the same way I played ULTA using the modified #JadeLizard (unbalanced skewed iron condor?) with some downside protection and little to no upside risk.
Sold 1 CMG JUL 26 2019 600/660/720/725 @ 4.91
Playing this to the downside with only 9 cents of upside risk. What do I need? Needing a decent down move below 720 while staying above 660. Spent a little extra for a 600 strike disaster put since you just never know. The expected move (45 points) to the downside would be perfect!
#ShortPuts #Earnings – Finally a little selloff and earnings tomorrow so jumping back in…
Sold T JUL 26 2019 31.5 Puts @ .59
#ShortPuts – Just a small one I was playing with prior to earnings…
Bought to Close WYNN JUL 26 2019 126.0 Put @ .10 (sold for 2.10)
#ShortPuts – Fidelity is commission free at .10 or less so if I can get out a week or two early I’ll take it.
Bought to Close XBI AUG 02 2019 77.5 Puts @ .10 (sold for .84)
#CoveredCalls – Not sure where this Iran thing is headed so selling ITM for a little extra downside help.
Bought to Close TNA JUL 19 2019 61.5 Call @ .01 (sold for 2.10)
Sold TNA AUG 02 2019 60.0 Call @ 2.52
#JadeLizards – I’m really liking these Lizards. Safer than playing the typical tastytrade strangles. Seems like I always used to get in trouble to the upside so this eliminates that risk while still bringing in nice premium. Just have to make sure you can take the stock or roll the short put if needed.
Trying another one that’s not an #Earnings play. Put is below nice support below the 200, 100, and 50 day moving averages and outside the expected move.
Sold ISRG AUG 16 2019 500.0/535.0/540.0 Jade Lizard @ 5.93
#ShortPuts – Looking weak so taking profits. I’ll keep it on the list for an earnings play later….
Bought to Close ILMN JUL 26 2019 280.0 Put @ .90 (sold for 2.60)
#Earnings #JadeLizards – Nothing goes down anymore but still worked out ok. A small gain on SKX and decent gain on ISRG thanks to legging in even though I had to chase it to get out.
Bought to Close SKX JUL 19 2019 31.0/35.0/36.0 Jade Lizards @ .98 (sold for 1.20)
Bought to Close ISRG JUL 19 2019 505.0/530.0/540.0 Jade Lizard @ 6.14 (sold for 10.25)
#BearCallSpreads – Joining the NUGT fun on the bigly rally. Using spreads out to 2020. Starter position with room to add.
Sold NUGT JAN 17 2020 45.0/50.0 Bear Call Spreads @ .98
#Earnings – Wow. Should’ve just skipped the call side of the lizard and closed the short put prior to earnings. Got some downside room now…LOL Somebody leak some info already?
#Earnings #JadeLizards – Playing this slightly to the downside with breakeven below the 50ma and just above the 200ma and slightly outside the expected move. No upside risk if it does breakout higher…
Sold SKX JUL 19 2019 31.0/35.0/36.0 Jade Lizards @ 1.20
#BullPutSpreads – @fibwizard – Do you use stops on those 100 point wide spreads? Following along (paper trade) with you on the Aug 2915/2815…
#Earnings – Careful with this one. I show earnings confirmed for Aug 7th. Not tonight…
#ShortPuts – Down after earnings so selling at recent lows. Starter position giving it room out to Sep.
Sold URI SEP 20 2019 110.0 Put @ 2.55
#Earnings #JadeLizards – Legging into the Lizard on the bounce…
Sold ISRG JUL 19 2019 530.0/540.0 Bear Call Spread @ 3.55
Position is now Friday’s 505.0/530.0/540.0 Jade Lizard @ 10.25
No upside risk and downside breakeven is 10 dollars below the 50ma and 5 dollars outside the expected move…but…could go anywhere. Earnings after the close tomorrow.
#Earnings – Normally don’t enter these until the day of earnings but taking a shot with today’s pullback. Might leg into a #JadeLizard on a bounce. Selling the put side down at the 50ma. Hasn’t been a whole lot to do last week or so. Just letting some earlier sales wind down.
Sold ISRG JUL 19 2019 505.0 Put @ 6.70
#ShortPuts – Booking one and selling one in this slow week. Looking forward to some earnings volatility over the coming weeks.
Selling near the 52 week lows and the week prior to earnings.
Sold ILMN JUL 26 2019 280.0 Put @ 2.60
Booking one I had to roll last month. Need some weakness to get back in now.
Bought to Close SOXL JUL 19 2019 135.0 Put @ .50 (sold for 12.10)
#ShortPuts – Replacing stock getting called away. Selling prior to earnings…
Sold WYNN JUL 26 2019 126.0 Put @ 2.10
Anybody still members over there? Prices go up tonight. Took a 30 day free trial just to see what’s been going on. Doubt if I re-join but wanted to lock in the lower price just in case…
#CoveredCalls – Still squeezing. Against my better judgement I’m selling one more round prior to earnings and hopefully before a big breakout.
Bought to Close REGN JUL 05 2019 320.0 Call @.05 (sold for 2.33)
Sold REGN JUL 26 2019 325.0 Call @ 3.20
#CoveredCalls – Using the weakness to get a couple rolls in…
TNA: Finally back in the green on this one after selling covered calls in the hole and getting caught in the Dec/May mega rally
Rolled TNA JUL 05 2019 60.o Call to JUL 19 2019 61.5 Call @ .35 credit
WYNN: Rolling one and probably letting the rest get called away this week. Took stock at 135 a few months ago and worked back to a small profit. Looking for a re-entry sale for week prior to earnings.
Rolled WYNN JUL 12 2019 118.0 Call to AUG 09 2019 121.0 Call @ .19 debit
#ShortPuts – Selling at the expected move and at the 200ma. Also well before next earnings…
Sold AVGO AUG 09 2019 265.0 Put @ 3.40
EDIT: 4.1% divvy yield down there also
#ShortPuts – Just to stay involved in this one. Selling a couple weeks prior to next earnings.
Sold NVDA AUG 02 2019 152.5 Put @ 2.40
#CoveredCalls – Just can’t quite get these to expire. Continuing to trickle them up…
Rolled TNA JUN 28 2019 59.0 Call to JUL 05 2019 60.0 Call @ .10 credit
Rolled WYNN JUN 28 2019 123.0 Call to JUL 05 2019 126.0 Call @ 1.05 credit
#CoveredCalls – Getting what I can. Building a nice base and squeezing but could still go either way.
Bought to Close REGN JUN 28 2019 317.5 Call @ .10 (sold for 3.13)
Sold REGN JUL 05 2019 320.0 Call @ 2.33
#ShortPuts – Starter position but never got a chance to add. Running low on inventory so wouldn’t mind seeing a Trump/Xi throwdown at the G20 🙂 🙂
Bought to Close CSX JUL 05 2019 72.5 Put @ .10 (sold for 1.30)
#ReverseSplit – https://www.nasdaq.com/markets/upcoming-splits.aspx
#JadeLizard – Better than nothing…
Bought to Close STZ JUN 28 2019 177.5/190.0/192.5 Jade Lizard @ 2.25 (put side expiring) (sold for 3.00)
#JadeLizard – No upside risk and selling the put at the expected move. Stock basis would be down around the May spike low if it implodes…
Sold STZ JUN 28 2019 177.5/190.0/192.5 Jade Lizard @ 3.00
#Shortputs – Booking a couple…
Bought to Close ABBV JUL 19 2019 65.0 Put @ .55 (sold for 2.01) thanks @geewhiz112 !
Bought to Close T JUL 05 2019 31.5 Puts @ .05 (sold for .53)
#ShortPuts – Thanks @geewhiz112 for the idea. Earnings should be the following week. 6.8% divvy at the basis I would receive the stock.
Sold ABBV JUL 19 2019 65.0 Put @ 2.01
#ShortPuts – Thanks @Ramie for the idea…
Sold XBI AUG 02 2019 77.5 Puts @ .84
#ShortPuts – Hoping for at least a little pullback in this thing to get back in next week…
Bought to Close NVDA JUN 28 2019 140.0 Put @ .26 (sold for 2.52)
#CoveredCalls #ShortPuts – Doing some rolling today…
Rolled SOXL JUN 21 2019 140.0 Put to JUL 19 2019 135.0 Put @ 6.70 credit (12.10 credit total now)
Rolled TNA JUN 21 2019 56.0 Calls to JUL 26 2019 58.0 Calls @ .20 credit
Rolled WYNN JUN 21 2019 115.0 Call to JUL 12 2019 118.0 Call @ .35 credit
Rolled WYNN JUN 21 2019 120.0 Call to JUN 28 2019 123.0 Call @ .05 credit
#ShortPuts – Booking and selling new at the breakout level just below the 50ma. Trying to roll an itm covered call also so wouldn’t mind a pullback.
Bought to Close LABU JUN 21 2019 45.0 Put @ .05 (sold for 2.65)
Sold LABU JUL 26 2019 45.0 Put @ 2.20
#ShortPuts – For the 8th time this year. Selling just below the 200ma and 2 weeks before earnings. G20 will probably move this thing around a little…
Sold NTES JUL 26 2019 237.5 Put @ 3.03
#ShortCalls – I’ve been real good this year about avoiding these kinds of stocks that make no sense…(see Iceman’s post below)…but couldn’t help myself. Giving back a couple of my earnings trades winners here and walking away. Could be at 90 or 290 by Friday so see ya! Lesson learned.
Bought to Close BYND JUN 21 2019 190.0 Call @ 9.60 (sold for 1.60)
#DiagonalBearCallSpreads #ShortPuts – A couple today…
Bought to Close UVXY JUN 21 2019 42.5 Call @ .15 (sold for 2.30)
Bought to Close XBI JUN 21 2019 78.0 Put @ .10 (sold for 2.00)
#OptionsExpiration – Just one. A nice chunk of EWZ stock called away for a small gain…
EWZ stock called away @ 40.0 (basis 39.41)
#ShortPuts – Stock looking weaker and no sense waiting two weeks for a few pennies. Watching for a re-entry…
Bought to Close EWW JUN 28 2019 41.5 Puts @ .13 (sold for .87)
#ShortPuts – Another good week for this one. Still trading near the bottom of it’s range…
Bought to Close NVDA JUN 14 2019 145.0 Put @ .30 (sold last Friday @ 2.40)
Sold NVDA JUN 28 2019 140.0 Put @ 2.52
Square Stock May Get a Boost From Its Cash Card, Analyst Says — Barrons.com
DOW JONES & COMPANY, INC. 1:17 PM ET 6/14/2019
The loyalty features that come with Cash Card from payments company Square can help grow revenue, rather than be a drag on the company’s margins, KeyBanc’s Josh Beck said in a note to clients Friday.
Square stock was down about 1% in Friday trading.
The back story. The company’s stock is up more than 27% in 2019, which is something of a lull for shares that have almost tripled over the past two years.
That longer-term surge has been driven by fast revenue growth due in part to the rising use of credit and debit cards. Square’s Cash app, which competes with PayPal’s Venmo, has also increased in popularity. The Cash Card is a debit card that is linked to customers’ Cash app accounts. That let’s them spend the money in the Cash app for purchases anywhere Visa is accepted.
The Cash Card’s loyalty program is called “Boost” and it lets cardholders choose to receive discounts of 10% or more at various restaurants or coffee shops.
What’s new. The question, Beck noted, is does “the popularity of the loyalty feature crimp Square economics or is it a catalyst to drive ‘everyday’ type of spend and ultimately improve engagement?”
Beck’s analysis left him “more positive on the revenue potential for Cash Card,” he wrote. Overall, the financial cost of the loyalty program will be “more than offset by higher engagement,” from Cash cardholders, he concluded.
Looking ahead. Beck thinks that Square will compound annual revenue growth of about 35% over the next three years and will hit have a 26% margin by 2021. His target price is $100 a share, which represents about 40% upside.
#ShortCalls – My first trade in this thing. May add a put on any weakness. Expected move of about 23 points next week.
Sold BYND JUN 21 2019 190.0 Call @ 1.60
#CoveredCalls – Re-load…
Bought to Close TNA JUN 14 2019 58.5 Call @ .10 (sold for 1.55)
Sold TNA JUN 28 2019 59.0 Call @ 1.80
#Earnings #JadeLizards – A little bounce is letting me out for a decent profit.
Bought to Close AVGO JUN 14 2019 265/280/285 Jade Lizard @ 2.80 (sold for 5.10)
Closed the put side and letting call side expire…
#Earnings #JadeLizards – Playing this one with max downside protection again and no upside risk. Breakeven just outside the expected move and at the 200ma…
Sold AVGO JUN 14 2019 265/280/285 Jade Lizard @ 5.10
#ShortPuts #CoveredCalls #DiagonalBearCallSpreads – A little bit of everything today…
Bought to Close NTES JUN 14 2019 247.5 Put @ .10 (sold for 3.40)
Bought to Close REGN JUN 14 2019 320.0 Call @ .10 (sold for 4.10)
Sold REGN JUN 28 2019 317.5 Call @ 3.13
Bought to Close UVXY JUN 14 2019 40.0 Calls @ .05 (sold for 2.20 and 2.50)
#Earnings – No harm no foul and made a little…
Bought to Close LULU JUN 14 2019 152.5/170.0/172.5 Jade Lizard @ 2.14 (sold for 3.10)
Bought to Close RH JUN 14 2019 80.0/100.0/103.0 Jade Lizard @ 3.01 (sold for 3.15)
Looking at a similar play on AVGO now…
#ShortPuts – Completely out of this now…
Bought to Close SQ JUN 21 2019 60.0 Puts @ .10 (sold for 1.06)
#Earnings #JadeLizard – Never had much luck with this one but IV is high enough to give it a shot…
Sold RH JUN 14 2019 80.0/100.0/103.0 Jade Lizard @ 3.15
#Earnings #JadeLizards – My usual. Playing max downside protection with no upside risk. Would get the stock at a basis right at the 200ma.
Sold LULU JUN 14 2019 152.5/170.0/172.5 Jade Lizard @ 3.10
#DiagonalBearCallSpreads – Let’s give Mr. Market something to shoot at…
Sold UVXY JUL 5 2019 40.0 Call @ 2.00
#ShortPuts – Slow week so far…taking these off early.
Bought to Close EEM JUN 21 2019 39.0 Puts @ .04 (sold for .52)
#ShortPuts – Booking and re-selling…
Bought to Close NVDA JUN 07 2019 145.0 Put @ .10 (sold for 3.05)
Sold NVDA JUN 14 2019 145.0 Put @ 2.40
#Earnings #JadeLizards #IronFlies – No interest in messing with these beyond today…
Was looking a little weak so booked it:
Bought to Close FIVE JUN 7 2019 117.0/126.0/129.0 Jade Lizard @1.67 (sold for 3.10)
Pulled back just enough to get out at even:
Bought to Close SFIX JUN 7 2019 21.5/24/24/26.5 Iron Flies @ 2.05 (sold for 2.10)
#Earnings – Lotsa premium in this one. Selling an iron fly just inside the expected move…
Sold SFIX JUN 7 2019 21.5/24/24/26.5 Iron Flies @ 2.10
Risk 40 to make 210
#DiagonalBearCallSpreads – Playing it safe. Had to roll this on Friday last week so bailing now.
Bought To Close UVXY JUN 7 2019 40.0 Call @ .26 (sold for 4.39)
