SPX 7-dte

#SPX7dteLong Sold to Close $SPX 3470/3450 put spreads for 19.30. Call side sold for 3.70 this morning, so total credit of 23.00 against purchase of condor last Thursday for 17.05. Nice expiration day!

TSLA earnings analysis

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

July 22, 2020 AC -4.97%
April 29, 2020 AC -2.32%
Jan. 29, 2020 AC +10.29%
Oct. 23, 2019 AC +17.66% Biggest UP
July 24, 2019 AC -13.61% Biggest DOWN
April 24, 2019 AC -4.26%
Jan. 30, 2019 AC -0.56%
Oct. 24, 2018 AC +9.13%
Aug. 1, 2018 AC +16.18%
May 2, 2018 AC -5.54%
Feb. 7, 2018 AC -8.62%
Nov. 1, 2017 AC -6.79%

Avg (+ or -) 8.33%
Bias 0.55%, small positive bias on earnings.

With stock at 430.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 394.07 to 465.93 (+/- 8.4%)
Based on AVERAGE one-day move over last 12 quarters: 394.19 to 465.81
Based on MAXIMUM one-day move over last 12 Q’s (17.7%): 354.06 to 505.94
Based on DOWN max only (-13.6%): 371.48

Open to requests for other symbols.

TSCO earnings analysis

#Earnings $TSCO reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.

July 23, 2020 BO +0.03%
April 23, 2020 BO -0.36%
Jan. 30, 2020 BO -1.25%
Oct. 24, 2019 BO +3.02%
July 25, 2019 BO -0.90%
April 25, 2019 BO +0.96%
Jan. 31, 2019 BO -4.70%
Oct. 25, 2018 BO +5.80%
July 26, 2018 BO +2.81%
April 26, 2018 BO +7.18% Biggest UP
Jan. 31, 2018 AC -6.30% Biggest DOWN
Oct. 25, 2017 AC -0.98%

Avg (+ or -) 2.86%
Bias 0.44%, small positive bias on earnings.

With stock at 150.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 142.77 to 157.23 (+/- 4.8%)
Based on AVERAGE one-day move over last 12 quarters: 145.71 to 154.29
Based on MAXIMUM one-day move over last 12 Q’s (7.2%): 139.23 to 160.77
Based on DOWN max only (-6.3%): 140.55

Open to requests for other symbols.

#shortputs

SPX 7-dte

#SPX7dte Sold to close $SPX Oct 21st 3480/3500 call spreads for 3.70. Need to now bank on the 3470/3450 put side for bulk of profit today. Condors bought for 17.05 last Thursday.

SPX 1-dte

#SPX1dte Five minutes after closing bell: Sold to Open $SPX Oct 21st 3340/3360-3510/3530 iron condors for 1.60, with SPX close at 3443, IV 21%, delats: -.07,+.07

SPX 7-dte

#SPX7dteLong Bought to open $SPX Oct 26th 3450/3470-3480/3500 iron condors for 17.20, with SPX at 3463. Placed order when we were at 3474, but filled on the drop.

NFLX earnings analysis

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

July 16, 2020 AC -6.52%
April 21, 2020 AC -2.86%
Jan. 21, 2020 AC -3.58%
Oct. 16, 2019 AC +2.46%
July 17, 2019 AC -10.27% Biggest DOWN
April 16, 2019 AC -1.31%
Jan. 17, 2019 AC -3.98%
Oct. 16, 2018 AC +5.28%
July 16, 2018 AC -5.24%
April 16, 2018 AC +9.18%
Jan. 22, 2018 AC +9.97% Biggest UP
Oct. 16, 2017 AC -1.57%

Avg (+ or -) 5.19%
Bias -0.70%, negative bias on earnings.

With stock at 530.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 484.26 to 575.74 (+/- 8.6%)
Based on AVERAGE one-day move over last 12 quarters: 502.52 to 557.48
Based on MAXIMUM one-day move over last 12 Q’s (10.3%): 475.57 to 584.43
Based on UP max only (+10.0%): 582.84

NOTE: 3-day data: Max UP +18.5%, Max DOWN -13.1%. Avg Move +/- 6.5%, Bias: -1.24%

Open to requests for other symbols.

SPX 1-dte

#SPX1dte Expired: $SPX Oct 19th 3395/3415-3555/3575 condors, sold Friday for 1.40. Been watching to close it for the last hour but ended up hanging on for the win.

SPX 7dte

#SPX7teLong Bought to Open $SPX Oct 23rd 3440/3460-3470/3490 iron condors for 17.05, with SPX at 3467.

Sold to close Oct 19th 3520/3500 put spreads for 19.70. Condors bought last Wednesday for 16.25. Since we did go ITM briefly this morning I’m exiting for safety in case of a stimulus announcement or something.

SPX trades

#SPX7dte Sold to close $SPX Oct 16th 3530/3510 put spreads for 18.50. Condors bought for 16.20 on Monday. Too much risk of a surge higher into the close so taking more than half of the max profit now.

I plumb forgot to sell a #SPX1dte condor yesterday, but I will today for Monday and will post it in a comment under this.

SPX 7-dte

#SPX7dteLong Bought to Open $SPX Oct 21st 3450/3470-3480/3500 iron condors for 17.05, with SPX at 3473.

SPX 7dte

#SPX7dteLong Bought to Open $SPX Oct 19th 3500/3520-3530/3550 iron condors for 16.25, with SPX at 3523.

Forgot to put this on yesterday.

SPX trades

#SPX1dte Sold to Open right before closing bell: $SPX Oct 14th 3430/3450-3570/3590 iron condors for 1.10, SPX at 3514, deltas -.07, +.05, IV 15.45%

#SPX7dteLong Filled yesterday, 14 minutes after closing bell (I hadn’t noticed then): Sold to close $SPX Oct 14th 3445/3465 call spreads for 19.00. Condors bought for 16.50 last Thursday. Holding put side as hedge for tomorrow.

SPX trades

#SPX1dte BTC $SPX Oct 12th 3530 calls for 4.40 (at 2 minutes before close). Condors sold Friday for 1.40. Fortunate to get a pullback at the close.

#SPX7dteLong Oct 12th 3420/3440 call spreads expire for max credit of 20.00. Condors bought last Tuesday for 16.85.

Just after closing bell: Bought to Open $SPX Oct 16th 3510/3530-3540/3560 iron condors for 16.20, SPX at 3534.

SPX rises…

…and so does VIX. The day opened at 3505 with expected move for today’s expiration at 18.00. So with my short strike at 3530, it seemed safe for me to head out on some errands this morning. Now, expected move was MORE than doubled.

Looking for any pullback to get out at a smaller loss than I’m seeing now. #SPX1dte

Econ calendar for week of 10/12/20

Screen Shot 2020-10-09 at 11.53.16 AM
Screen Shot 2020-10-09 at 11.53.16 AM

Link to calendar: https://research.investors.com/economic-calendar/

SPX trades

#SPX1dte Sold to Open $SPX Oct 12th 3380/3400-3530/3550 iron condors for 1.35, SPX 3474, IV 12%, deltas -.07,+.07

Expiring: Oct 9th 3355/3375-3495/3515 condors, sold yesterday for 1.00.

#SPX7dteLong Expiring: Oct 9th 3400/3420 calls spreads for max credit of 20.00. Condors bought for 17.05 on Monday.

SPX 1-dte

#SPX1dte Sold to Open $SPX Oct 9th 3355/3375-3495/3515 iron condors for 1.00, SPX 3445, IV 15.13%, deltas -.06,+.06

SPX 7-dte

#SPX7dteLong Bought to Open $SPX Oct 14th 3415/3435-3445/3465 iron condors for 16.50, with SPX 3440.

SPXpire

#SPX1dte Expiring: Oct 7th 3255/3275-3445/3465 iron condors, sold yesterday for 1.40.

#SPX7dteLong Expiring: Oct 7th 3385/3405 call spreads for max credit of 20.00. Condors bought last Thursday for 17.55.

SPX 1-dte

#SPX1dte Sold to Open $SPX Oct 7th 3255/3275-3445/3465 iron condors for 1.40, IV 22.87%, SPX 3366, deltas: -.07,+.04.

SPX 7-dte

#SPX7dteLong Bought to Open $SPX Oct 3390/3410-3420/3440 condors for 16.85, with SPX at 3412.

SPX trades

#SPX7dteLong Bought to Open $SPX Oct 9th 3370/3390-3400/3420 iron condors for 17.00, with SPX at 3395.

Expected to expire: Oct 5th 3345/3365 call spreads for max credit of 20.00. Condors bought last Tuesday for 17.50.

#SPX1dte expiring: Oct 5th 3240/3260-3440/3460 condors, sold Friday for 1.45.

SPX 1-dte

#SPX1dte Sold to Open $SPX Oct 5th 3240/3260-3440/3460 iron condors for 1.45, IV 17%, SPX 3363, deltas -.06,+.06.

Expiring: Oct 2nd 3255/3275-3450/3470 condors, sold yesterday for 1.40.

SPX 7-dte

#SPX7dteLong Sold to close $SPX Oct 2nd 3350/3370 call spreads for 10.55. Have been waiting for a pop even higher but losing steam. This is such a precarious exercise when the spread is expiring ATM with elevated volatility. You can have $2,000 swings all day for each spread.

Condors bought for 17.30 on Monday, sold today for a total of 17.05.

Econ Calendar for week of 10/5/20

Screen Shot 2020-10-02 at 10.27.41 AM
Screen Shot 2020-10-02 at 10.27.41 AM

Link to calendar: https://research.investors.com/economic-calendar/

SPX 7dte

#SPX7dteLong The trade is currently in the dead zone so trying to leg out for profit. Looking for a drift higher into the day, but no idea whether we’ll get it.

Sold to close $SPX Oct 2nd 3340/3320 put spreads for 6.50. Waiting to sell 3350/3370 call spreads.
Condors bought for 17.30 on Monday.

September Jobs Report

#Jobs — below expectations

Gain of +661,000 non-farm payroll jobs, vs. expected 800K gain
Unemployment at 7.9%, down by 0.5%, vs. expected 8.2%
U6 unemployment at 12.8%, down by 1.4%
Labor force participation 61.4%, down by 0.3
Average hourly earnings up 0.1%, less than .04 increase in August

August jobs revised up by +118K to +1.49M
July jobs revised up by +27K to +1.76M

SPX 1-dte

#SPX1dte Sold to Open $SPX Oct 2nd 3255/3275-3450/3470 iron condors for 1.40, IV 23.8%, SPX 3373, deltas -.06,+.06.

Pretty wide condor given higher volatility and premium with Jobs report in the morning.

SPX 7-dte

#SPX7dtelong Bought to open $SPX Oct 7th 3355/3375-3385/3405 iron condors for 17.55, with SPX at 3380.

SPXpire

#SPX1dte Expiring: $SPX Sept 30th 3235/3255-3415/3435 iron condors, sold yesterday for 1.20.

SPX 7-dte

#SPX7dteLong In pre-market, sold to close $SPX Sept 30th 3250/3270 call spreads for 19.55. Condors bought for 17.90 last Wednesday.

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

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.

SPXpire

Expiring:
#SPX1dte Sept 28th 3190/3210-3365/3385 condors, sold Friday for 1.40
#SPX7dteLong Sept 28th 3305/3325 call spreads for max credit of 20.00. Condors bought last Tuesday for 17.70.

SPX 7-dte

#SPX7dteLong Bought to open $SPX Oct 2nd 3320/3340-3350/3370 iron condors for 17.30, with SPX at 3345.

Econ calendar for week of 9/28/20

#JOBS report is Friday morning

Screen Shot 2020-09-25 at 1.03.10 PM
Screen Shot 2020-09-25 at 1.03.10 PM

Link to calendar: https://research.investors.com/economic-calendar/

SPX 1-dte

#SPX1dte Sold to Open $SPX 3190/3210-3365/3385 iron condors for 1.40, IV 14.95%, SPX 3296, deltas -.07,+.06

SPX trades

#SPX1dte STOPPED $SPX Sept 23rd 3240/3220 put spreads for 1.55. Condors sold yesterday for 1.20

#SPX7dteLong Expiring: $SPX Sept 23rd 3335/3315 put spreads for max credit of 20.00. Condors bought last Thursday for 17.55

Vacay

In our first attempt to “getaway” since this whole mess started, I will be away with the wife for two nights in a forest cabin. No internet or cell signal. We leave today after the market and will return Friday, so I will be logging in before Friday’s close to place a Monday trade. Please watch over Bistro while I’m gone!

SPX 1-dte

#SPX1dte Sold to Open $SPX Sept 23rd 3220/3240-3375/3395 iron condors for 1.20, IV 18.5%, SPX 3315, deltas -.07,+.05

SPX 7-dte

#SPX7dteLong Bought to Open $SPX Sept 28th 3275/3295-3305/3325 condors for 17.70, with SPX at 3298.

#spx1dte

SPX-7 dte

#SPX7dteLong Expiring today: $SPX Sept 21st 3410/3390 put spreads for max credit of 20.00. Condors bought last Tuesday for 17.35.

NOTE: I’m not buying one for this Friday’s expiration as I will be on a getaway Wednesday afternoon until Friday noon without internet.

SPX stopped

#SPX1dte Bought to close $SPX Sept 21st 3225/3205 put spreads for 2.40. Condors sold for 1.05 on Friday.
Expected-move stop point was 3260, so I got out on the bounce after this morning’s low.

Final trade/expirations

#SPX1dte Sold to Open $SPX Sept 21st 3205/3225-3390/3410 condors for 1.05

Expiring:
#SPX1dte Condor expired worthless, sold Thursday for .95
#SPX7dteLong Put side expired at full credit of 20.00, calls side sold this morning for .85, so 20.85 credit against 17.60 purchase; 3.15 profit
#Earnings $CHWY 57.5/56.5 put spreads, expire ITM for .30 loss. This was a roll but it can’t get off its ass. Walking away. Total loss on two trades: .70

Econ Calendar for week of 9/21/20

#FOMC Jerome Powell scheduled to speak both Wednesday and Thursday at 10am ET

Screen Shot 2020-09-18 at 10.52.18 AM
Screen Shot 2020-09-18 at 10.52.18 AM

Link to calendar: https://research.investors.com/economic-calendar/

SPX 7-dte

#SPX7dteLong Sold to close $SPX Sept 18th 3400/3420 call spreads for .85. Relying on the 3390/3370 put side for the big profit today. Condors bought Monday for 17.60.

SPX 1-dte

#SPX1dte Sold to Open $SPX Sept 18th 3225/3245-3435/3455 condors for .95, IV 25.8%, SPX 3353, deltas -.06,+.06

SPX 7-dte

#SPX7dteLong Bought to Open $SPX Sept 23rd 3315/3335-3345/3365 condors for 17.55, with SPX at 3338.

SPX 7-dte

#SPX7dteLong A little stuck on today’s expiration, so going to try a leg out…
Sold to close $SPX Sep 16th 3425/3445 call spreads for 5.20.
Will look to sell puts on a swing down. I usually suck at legging out, so no high hopes.
Condors bought for 17.75 last Thursday.

SPX 1-dte

#SPX1dte Sold to Open $SPX Sept 16th 3295/3315-3455/3475 condors for 1.25, IV 18.9%, SPX 3398, deltas: -.05,+.07.

SPX 7-dte

#SPX7dteLong Earlier, BTO $SPX Sept 21st 3390/3410-3420/3440 condors for 17.35, with SPX at 3413.

SPX stopped

#SPX1dte BTC $SPX Sept 14th 3415/3435 call spreads for .80. Was away with the order put in, would have ridden it lower if I could have managed it. Sold for 1.20 on Friday.

#spx7dte

SPX 7-dte

#SPX7dteLong Sold to close $SPX Sept 14 3360/3340 put spreads for 1.05. Banking on the 3370/3390 call side for close. Condors bought for 18.25 last Tuesday.

Bought to Open $SPX Sept 18th 3370/3390-3400/3420 condors for 17.60, with SPX at 3395.

#SPX1dte – watching call side for today’s short condor closely as stop level has been breached.

SPX trades

#SPX1dte Sold to Open $SPX Sept 14th 3205/3225-3415/3435 condors for 1.20, IV 17.07%, SPX 3341, deltas: -.06,+.06

#SPX7dteLong Sept 11th 3435/3415 put spreads expiring ITM for max credit of 20.00. Condors sold last Friday for 17.90.

(not so) Bonus trade: Sept 11th 3200/3220 call spreads expire ITM for max debit of 20.00. Sold for 17.25 last week, so loss of 2.75.

CHWY roll

#Earnings Sold to Open $CHWY Sept 18th 57.5/56.5 put spreads for .702.
This is #Rolling from Sept 11th 56.5/57.5-66/67 condor, sold yesterday for .55.

.45 isn’t a big loss, but the trade is such low risk I might as well roll.

Econ Calendar for week of 9/14/20

#FOMC Wednesday afternoon
Screen Shot 2020-09-11 at 10.34.16 AM
Screen Shot 2020-09-11 at 10.34.16 AM

Link to calendar: https://research.investors.com/economic-calendar/

SPX 1-dte

Skipping the trade for tomorrow’s expiry.

CHWY earnings analysis

#Earnings $CHWY reports tonight. Below are details on earnings one-day moves over its entire history.

A rare case where the expected move is nearly twice its historical maximum move.

June 9, 2020 AC -3.64% -3.64%
April 2, 2020 AC -4.82% -4.82%
Dec. 9, 2019 AC +5.45% 5.45%
Sept. 17, 2019 AC -6.14% -6.14%
July 18, 2019 AC -6.57% -6.57%

Avg (+ or -) 5.32%
Bias -3.14% , negative bias on earnings.

With stock at 62.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 54.66 to 69.34 (+/- 11.8%)
Based on AVERAGE one-day move over last 5 quarters: 58.70 to 65.30
Based on MAXIMUM one-day move over last 5 Q’s (6.6%): 57.93 to 66.07
Based on UP max only (+5.5%): 65.38

Open to requests for other symbols.

SPX 7 dte

#SPX7dte Bought to Open $SPX Sept 16th 3395/3415-3425/3445 condors for 17.75, with SPX at 3419.

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.

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.

SPX 1-dte

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

SPX 1-dte

#SPX1dte Sold to Open $SPX Sept 9th 3180/3200-3440/3460 condors for 1.15, IV 31.32%, SPX 3343, deltas -.05,+.06.

Today’s condor: closed put side for .10, remainder expires.

#spx7dtelong

SPX 1-dte

#SPX1dte BTC $SPX Sept 8th 3260 puts for .10. Condors sold for 1.25 on Friday.

I will be selling a new one for tomorrow’s expiration.

LULU earnings analysis

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

June 11, 2020 AC -3.81%
March 26, 2020 AC -5.95%
Dec. 11, 2019 AC -3.73%
Sept. 5, 2019 AC +7.81%
June 12, 2019 AC +2.12%
March 27, 2019 AC +14.12%
Dec. 6, 2018 AC -13.36% Biggest DOWN
Aug. 30, 2018 AC +13.08%
May 31, 2018 AC +16.31% Biggest UP
March 27, 2018 AC +9.21%
Dec. 6, 2017 AC +6.42%
Aug. 31, 2017 AC +7.19%

Avg (+ or -) 8.59%
Bias 4.12%, strongly positive bias on earnings.

With stock at 360.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 320.79 to 399.21 (+/- 10.9%)
Based on AVERAGE one-day move over last 12 quarters: 329.07 to 390.93
Based on MAXIMUM one-day move over last 12 Q’s (16.3%): 301.28 to 418.72
Based on DOWN max only (-13.4%): 311.90

NOTE: Max 5-day moves are -11.1% and +18.1%, so slightly more bullish than 1-day.

Open to requests for other symbols.

SPX 7-dte

#SPX7dteLong Bought to Open $SPX Sept 14th 3340/3360-3370/3390 condors for 18.25, with SPX at 3367.

My Podcast

I’m no longer going to use Options Bistro to post my podcast, “The Pick,” but that won’t stop me from shameless self promotion. I’ve added a section for my podcast at the bottom of the right hand column. It will display the three latest posts, and clicking on any of them will connect to the website where you can link to the episodes, videos, and other information about the show.

This podcast s NOT about trading, but rather music and entertainment. I hope you listen and enjoy!

SPX 1-dte

#SPX1dte Sold to Open $SPX Sept 8th 3240/3260-3545/3565 condors for 1.25, IV 22.38%, SPX 3431, deltas -.07,+.06. Bit nervous with the three day weekend, but strikes are decently OTM.

#spx7dtelong

SPX 7-dte

#SPX7dteLong Sold to close $SPX Sept 4th 3500/3480 put spreads for 19.25. Condors bought on Monday for 15.90. There looks to be a small chance of a rally to 3480, so not risking it. Now I’m rooting for it so I can make some money on my call side.

Also, super proud for shorting the market near the low today. But I still actually think that will be a winner next week.

Econ Calendar for week of 9/7/20

Screen Shot 2020-09-04 at 11.01.38 AM
Screen Shot 2020-09-04 at 11.01.38 AM

Link to Calendar: https://research.investors.com/economic-calendar/

SPXtra

#SPX1dte Sold to Open $SPX Sept 11th 3200/3220 call spreads for 17.25, when SPX was at 3370. Betting on more downside. Risking 2.75.

August Jobs Report

#Jobs — increase meets expectation, while UE rate falls more than expected

Gain of +1,371,000 non-farm payroll jobs, vs. expected 1.32M gain
Unemployment at 8.4%, down by 1.8%, vs. expected 9.8%
U6 unemployment at 14.3%, down by 2.3%
Labor force participation 61.7%, up by 0.3
Average hourly earnings up 0.4%, up by 0.2

July jobs revised down by -29K to +1.734M
June jobs revised down by -10K to +4.781M

Downside Warning in effect!

#VIXIndicator A double warning today as $VIX closed up over 25% from yesterday’s close and is also up over 50% from the August 11th VIX low. Expect lower markets in the coming days or weeks.