#SPX7dteLong Bought to open $SPX June 22nd 3030/3050-3060/3080- condors for 18.30, with SPX at 3054.
Author Archives: Jeff
SPX 7-dte
#SPX7dteLong Bought to Open $SPX June 19th 3000/3020-3030/3050 condors for 18.40, with SPX at 3017.
Econ Calendar for week of 6/15/20
#FOMC Jerome Powell opens his yapper again on Wednesday
Link to calendar: https://research.investors.com/economic-calendar/
SPX (no) trades
#SPX7dteLong Missed my chance for small profit yesterday and instead sold to close $SPX June 12th 3200/3220 call spreads this morning for 1.20. Bought for 9.30 last Friday. As I commented then, throwing in the towel on the relentless bull run probably would mark the top.
I am skipping the #SPX1dte for tomorrow. Premium is not high enough for the risk.
LULU earnings analysis
#Earnings $LULU reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
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%
June 1, 2017 AC +11.54%
Avg (+ or -) 9.24%
Bias 5.40%, strong positive bias on earnings.
With stock at 311.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 288.00 to 334.00 (+/- 7.4%)
Based on AVERAGE one-day move over last 12 quarters: 282.27 to 339.73
Based on MAXIMUM one-day move over last 12 Q’s (16.3%): 260.28 to 361.72
Based on DOWN max only (-13.4%): 269.45
Open to requests for other symbols.
ADBE earnings analysis
#Earnings $ADBE reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
March 12, 2020 AC +17.71% Biggest UP
Dec. 12, 2019 AC +3.91%
Sept. 17, 2019 AC -1.74%
June 18, 2019 AC +5.21%
March 14, 2019 AC -3.95%
Dec. 13, 2018 AC -7.28% Buggest DOWN
Sept. 13, 2018 AC +2.29%
June 14, 2018 AC -2.43%
March 15, 2018 AC +3.05%
Dec. 14, 2017 AC +1.43%
Sept. 19, 2017 AC -4.24%
June 20, 2017 AC +2.36%
Avg (+ or -) 4.63%
Bias 1.36%, positive bias on earnings.
With stock at 400.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 382.20 to 417.80 (+/- 4.5%)
Based on AVERAGE one-day move over last 12 quarters: 381.47 to 418.53
Based on MAXIMUM one-day move over last 12 Q’s (17.7%): 329.16 to 470.84
Based on DOWN max only (-7.3%): 370.88
Open to requests for other symbols.
SPX trades
#SPX7dteLong Bought to Open $SPX June 17th 3180/3200-3210/3230 condors for 17.35, with SPX at 3207.
Expiring: June 10th 3100/3120-3130/3150 condors, max profit of 20.00 on call side. Bought for 17.10 last Wednesday.
#SPX1dte Expiring: June 10th 3100/3120-3285/3305 condors, sold yesterday for 1.10.
SPX 1-dte
#SPX1dte Sold to Open $SPX June 10th 3100/3120-3285/3305 condors for 1.10, IV: 22.25%, SPX 3209, deltas -.06, +.05.
SPX 7-dte
#SPX7dteLong Bought to Open $SPX June 15th 3195/3215-3225/3245 condors for 17.00, with SPX at 3219.
Episode 7 – Fifty Albums (plus the Moon)
Our 50 States Project — Completing Sufjan Stevens’ broken promise to release an album for each state… our guest has done it. All in three months. Plus: Snowpiercer, big screen to small screen. And more. // Find more details, links, and playlists at https://thepickcast.com
SPX 7dte
#SPX7dteLong. Bought to Open $SPX June 12th 3200/3220 call spreads for 9.25, with SPX at 3192. Only going with call side this time. Which probably means I just called the market top!
SPX 1dte
#SPX1dte Playing for more upside on Monday with #RiskReversal. Placed as one trade:
Sold to Open $SPX June 8th 3130/3110 put spreads for .81
Bought to Open $SPX June 8th 3260/3280 call spreads for .51.
Net credit .30
Econ Calendar for week of 6/8/20
#FOMC Announcement and Press Conference Wednesday afternoon
Link to Calendar: https://research.investors.com/economic-calendar/
May Jobs Report
#Jobs — Here is full data from today’s report. March and April both revised down, but not enough to overtake the huge gain in May.
Gain of +2,510,000 non-farm payroll jobs, vs. expected 8.3M loss
Unemployment at 13.3%, down by 1.4%, vs. expected 19.5%
U6 unemployment at 21.2%, down by 1.6%
Avg Hourly Earnings down by 0.965%
Labor force participation 60.8%, up by 0.6
April revised down from -20.5M to -20.7M
March revised down from -870K to -1.4M
SPX trades
#SPX7dteLong GTC order filled in pre-market: Sold to close $SPX June 8th 3060/3080 call spreads for 19.20. Will try to get a few cents for put side today. Condors bought for 17.50 on Monday.
#SPX1dte STOPPED: BTC $SPX June 5th 3160/3180 call spreads for 6.75. Condors sold for 1.05 yesterday. Even with expected job losses, I didn’t expect market to drop today. But certainly did not expect this explosion. I will not be selling call spreads as often in this environment.
May Jobs Report
#Jobs — Actually GAINED rather than expected loss.
Gain of +2,510,000 non-farm payroll jobs, vs. expected 8.3M loss
Unemployment at 13.3%, down by 1.4%, vs. expected 19.5%
SPX 1-dte
#SPX1dte Sold to Open $SPX June 5th 3010/3030-3160/3180 condors for 1.05, IV 18.25%, SPX 3104, deltas -.05, +.06
SPX 7-dte
#SPX7dteLong Sold to close $SPX June 5th 3040/3020 put spreads for .80. Looking to close the call side before today’s close. Want to avoid the possible volatility after tomorrow morning’s #Jobs report.
Bought the condors for 17.35 last Friday.
SPX 7-dte
#SPX7dteLong Bought to Open $SPX June 10th 3100/3120-3130/3150 condors for 17.10, with SPX at 3126.
UVXY longs
#VXXGame Bought to Open $UVXY July 17th 90 calls for .47. I’d prefer to go further out in time but there are no August options yet and September’s are still pretty expensive. I’m looking to add some Sept soon.
SPX calls stopped
#SPX1dte BTC $SPX June 3rd 3120/3140 call spreads for 2.00. Condors sold yesterday for 1.10.
VXX long calls
#VXXGame Loading up some longs for next volatility spike. In March, some of these I bought for .30 were sold for over 50.00. Be surprised if that happens again, but at least they can hedge any shorts I sell. Also trying some $UVXY but wasn’t filled yet.
Bought to open $VXX August 85 calls for .50.
SPX 1-dte
#SPX1dte Sold to Open $SPX June 3rd 2970/2990-3120/3140 condors for 1.10, IV: 18.86%, SPX 3063, deltas: -.06, +.06
SPX trades
#SPX7dteLong Bought to Open $SPX June 8th 3030/3050-3060/3080 condors for 17.50, w/SPX at 3058.
Expiring: June 1st 3010/3030 call spreads for 20.00. Condors bought for 16.65 last Tuesday.
#SPX1dte Expiring: June 1st 2910/2930-3110/3130 condors, sold Friday for 1.10.
SPX 1-dte
#SPX1dte Sold to Open $SPX June 1st 2910/2930-3110/3130 condors for 1.10. IV: 17.3%, SPX 3040, deltas: -.05, +.05.
Expiring: May 29th 2920/2940-3090/3110 condors, sold yesterday for 1.10.
SPX 7-dte
#SPX7dteLong Bought to Open $SPX June 5th 3030/3040-3050/3070 condors for 17.35, with SPX at 3043.
I realized today that I mistakenly SOLD my June 3rd 2990/3010-3020/3040 7dteLong condor instead of buying it (sold for 17.25 on Wednesday). So today I BTC the call spread for 11.00, and am now looking to close the put spread for 4.40 before the close.
Regarding today’s expiration, the sale of the 2940/2920 put side of my 1-dte condors yesterday effectively closed my long put spread of the same strikes I sold last Friday. So at the open today, I sold the May 29th 2960/2940 put spread for .85. That should expire with full profit.
Econ Calendar for week of 6/1/20
#JOBS report for May is Friday morning
Link to calendar: https://research.investors.com/economic-calendar/
SPX 1-dte
#SPX1dte Sold to Open $SPX May 29th 2920/2940-3090/3110 condors for 1.10. IV 22%, SPX 3026, deltas -.06, +.06.
Selling that actually closed the put side of my long condor. I want to sell it again to officially take the profit on my long and leave me short as intended.
SPX 7-dte
#SPX7dte In pre-market, GTC order filled: Sold to close $SPX May 29th 2950/2970 call spreads for 19.00.
Condors bought for 17.35 on Friday. Will look to sell the put side for around 1.00.
SPX 7-dte
#SPX7dteLong Bought to Open $SPX June 3rd 2990/3010-3020/3040 condors for 17.25, with SPX at 3019.
I did not close the put side of today’s condor. It went as high as 7.00 but I decided to hold it to see if I could get more. I had made 1.60 on the trade so it was a conscious decision.
#SPX1dte expiring: May 27th 2905/2925-30503070 condors, sold yesterday for 1.00.
NTAP earnings analysis
#Earnings $NTAP reports tonight. Options trades need to be placed today to capture any earnings move. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 12, 2020 AC -9.27%
Nov. 13, 2019 AC +3.17%
Aug. 14, 2019 AC +3.93%
May 22, 2019 AC -8.10%
Feb. 13, 2019 AC -5.47%
Nov. 14, 2018 AC -11.72% Biggest DOWN
Aug. 15, 2018 AC -3.58%
May 23, 2018 AC +1.93%
Feb. 14, 2018 AC -4.89%
Nov. 15, 2017 AC +15.91% Biggest UP
Aug. 16, 2017 AC -6.72%
May 24, 2017 AC +3.53%
Avg (+ or -) 6.52%
Bias -1.77%, negative bias on earnings.
With stock at 45.40 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 42.28 to 48.52 (+/- 6.9%)
Based on AVERAGE one-day move over last 12 quarters: 42.44 to 48.36
Based on MAXIMUM one-day move over last 12 Q’s (15.9%): 38.18 to 52.62
Based on DOWN max only (-11.7%): 40.08
Open to requests for other symbols.
SPX 7-dte
#SPX7dteLong In pre-market, GTC order filled: Bought to close $SPX May 27th 2980/3000 call spreads for 18.60. Condors sold last Wednesday for 17.00. Will sell put side early in the day.
SPX 1-dte
#SPX1dte Sold to Open $SPX May 27th 2905/2925-3050/3070 condors for 1.00, IV: 17.97%, SPX 2992, deltas: -.06, +.04
SPX 7-dte
#SPX7dteLong Bought to open $SPX June 1st 2980/3000-3010/3030 condors for 16.65, with SPX at 2995.
Call spread today now being threatened so watching closely and trying to exit for 19.90 or so.
SPX call side stopped
#SPX1dte Bought to close $SPX May 26th 3025/3045 cll spreads for 3.75. Condors sold Friday for 1.10.
#SPX7dteLong May 26th 2970/2990 call spreads set to expire for 20.00. Condors bought last Monday for 17.15. Have to keep a watch for too deep a pullback, however.
Episode 6 – These Six Yutes
Millennial/Gen Z Takeover — we pass the mics to six youth from the world over to give us their Picks for music, TV, and more. // Find more details, links, and playlists at https://thepickcast.com
SPX 1-dte
#SPX1dte Sold to Open $SPX May 26th 2840/2860-3025/3045 condors for 1.10. IV: 14.5%, SPX 2953, deltas: -.06, +.04
Expiring: May 22nd 2855/2875-3010/3030 condors, sold for 1.35 yesterday.
Econ calendar for week of 5/25/20
Link to calendar: https://research.investors.com/economic-calendar/
SPX 7-dte
#SPX7dteLong Bought to open $SPX May 29th 2920/2940-2950/2970 condors for 17.35, with SPX at 2945.
AZO earnings analysis
#Earnings $AZO reports Tuesday morning before the bell. Options trades need to be placed today to capture any earnings move. Below are details on earnings one-day moves over the last 12 quarters.
March 3, 2020 BO -2.11%
Dec. 10, 2019 BO +6.92% Biggest UP
Sept. 24, 2019 BO -4.41%
May 21, 2019 BO +5.56%
Feb. 26, 2019 BO +5.10%
Dec. 4, 2018 BO +6.74%
Sept. 18, 2018 BO -1.97%
May 22, 2018 BO -9.48%
Feb. 27, 2018 BO -11.06%
Dec. 5, 2017 BO +0.42%
Sept. 19, 2017 BO -5.00%
May 23, 2017 BO -11.84% Biggest DOWN
Avg (+ or -) 5.88%
Bias -1.76%, negative bias on earnings.
With stock at 1100.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 1025.76 to 1174.24 (+/- 6.7%)
Based on AVERAGE one-day move over last 12 quarters: 1035.27 to 1164.73
Based on MAXIMUM one-day move over last 12 Q’s (11.8%): 969.76 to 1230.24
Based on UP max only (+6.9%): 1176.12
NOTE: 5-day historical maximums are +5.7 and -9.9%. So LESS than the one day moves on both sides, meaning the big one day moves were somewhat retraced 5 days after earnings.
Open to requests for other symbols.
EXPE closed
#Earnings Bought to close $EXPE May 22nd 79 calls for .10. 79/81 call spreads sold Wednesday for .90.
SPX 1dte
#SPX1dte Sold to Open $SPX May 22nd 2855/2875-3010/3030 condors for 1.35. IV: 21.0%, SPX 2951, deltas -.06, +.07
NVDA earnings analysis
#Earnings $NVDA reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 13, 2020 AC +7.02%
Nov. 14, 2019 AC -2.66%
Aug. 15, 2019 AC +7.25%
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%
Aug. 10, 2017 AC -5.32%
May 9, 2017 AC +17.82% Biggest UP
Avg (+ or -) 6.83%
Bias 0.82%, positive bias on earnings.
With stock at 356.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 330.23 to 381.77 (+/- 7.2%)
Based on AVERAGE one-day move over last 12 quarters: 331.70 to 380.30
Based on MAXIMUM one-day move over last 12 Q’s (18.8%): 289.25 to 422.75
Based on UP max only (+17.8%): 419.44
Open to requests for other symbols.
EXPE bear call spread
Sold to Open $EXPE May 22nd 79/81 call spreads for .90. Risking 1.10.
SPX 7-dte
#SPX7dteLong Bought to Open $SPX May 27th 2950/2970-2980/3000 condors for 17.00, with SPX at 2972.
SPX 1-dte
#SPX1dte Sold to Open $SPX May 20th 2820/2840-2995/3015 condors for 1.00. IV: 22.1%, SPX 2930, deltas -.04, +.06.
SPX 7-dte
#SPX7dteLong About 15 minutes ago, on the way up, Sold to Close $SPX May 22nd 2860/2880 call spreads for 18.00. Then, on the huge spike down, sold 2850/2830 put spread for 1.75. Could have gotten more but how was I to know there’d be a party goin’ on? Condors bought for 18.10 on Friday, sold for 19.75 today.
KSS closed breakeven
#Earnings Sold to close $KSS May 22nd 19 puts for 1.45. Bought yesterday for 1.40. Didn’t get the big drop I was betting on so happy to pretend it never happened.
SPX 7-dte
#SPX7dteLong Bought to Open $SPX May 26th 2940/2960-2970/2990 condors for 17.15, with SPX at 2964
KSS earnings analysis
#Earnings $KSS reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
March 3, 2020 BO -2.62%
Nov. 19, 2019 BO -19.48% Biggest DOWN
Aug. 20, 2019 BO -6.88%
May 21, 2019 BO -12.33%
March 5, 2019 BO +7.31% Biggest UP
Nov. 20, 2018 BO -9.22%
Aug. 21, 2018 BO +1.71%
May 22, 2018 BO -7.42%
March 1, 2018 BO -5.05%
Nov. 9, 2017 BO +0.93%
Aug. 10, 2017 BO -5.79%
May 11, 2017 BO -7.83%
Avg (+ or -) 7.21%
Bias -5.56%, strongly negative bias on earnings.
With stock at 19.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 16.45 to 21.55 (+/- 13.4%)
Based on AVERAGE one-day move over last 12 quarters: 17.63 to 20.37
Based on MAXIMUM one-day move over last 12 Q’s (19.5%): 15.30 to 22.70
Based on UP max only (+7.3%): 20.39
NOTE: 5-day historical maximums are +2.5 and -19.5%. So positive move is LESS and negative move is the same.
Open to requests for other symbols.
SPX 7-dte
#SPX7dteLong Sold to Close $SPX May 18th 2920/2940-2950/2970 condors for 10.50. Bought for 16.80. This was the cheapest one I have purchased, and it’s simply hilarious that when I posted the trade last Monday I said that “probability of profit has dropped.” Sho’nuff!
Earnings Update KSS
KSS is confirmed for tomorrow morning earnings report.
HD earnings analysis
#Earnings $HD reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 25, 2020 BO -0.96%
Nov. 19, 2019 BO -5.43% Biggest DOWN
Aug. 20, 2019 BO +4.39% Biggest UP
May 21, 2019 BO +0.26%
Feb. 26, 2019 BO -0.88%
Nov. 13, 2018 BO -0.23%
Aug. 14, 2018 BO -0.53%
May 15, 2018 BO -1.62%
Feb. 20, 2018 BO -0.13%
Nov. 14, 2017 BO +1.63%
Aug. 15, 2017 BO -2.65%
May 16, 2017 BO +0.59%
Avg (+ or -) 1.61%
Bias -0.46%, negative bias on earnings.
With stock at 247.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 232.83 to 261.17 (+/- 5.7%)
Based on AVERAGE one-day move over last 12 quarters: 243.03 to 250.97
Based on MAXIMUM one-day move over last 12 Q’s (5.4%): 233.59 to 260.41
Based on UP max only (+4.4%): 257.84
NOTE: 5-day historical maximums are +4.6 and -9.2%. So positive move is the same but it has moved to the downside further in 5 days versus one day.
Open to requests for other symbols.
SPX 1-dte stopped
#SPX1dte Bought to close $SPX May 18th 2930/2950 call spreads for 14.75. Condors sold for 1.25 on Friday.
Pretty sure this spread will end the day at 20.00, so I’m cutting losose now to avoid full loss. Looking to do the same with the 7dteLong because that one may end the day at 0.00.
SPX 7-dte
#SPX7dteLong One hour before open, sold to close $SPX May 20th 2810/2830 call spreads for 18.50. Will try to close put side today on any small push down. Condors sold for 18.30 last Wednesday.
My expirations today, both 7dte and 1dte, are in trouble at the moment. My best hope will be a close below 2920. Otherwise I will be mitigating losses.
SPX 1dte
#SPX1dte Sold to Open $SPX May 18th 2730/2750-2930/2950 condors for 1.25, IV 18.8%, SPX 2859, deltas -.04, +.06.
Expiring: May 15th 2730/2750-2930/2940 condors, sold yesterday for 1.00.
SPX 7-dte
#SPX7dteLong Bought to Open $SPX May 22nd 2830/2850-2860/2880 condors for 18.10, with SPX at 2854.
Expiring at max profit: May 15th 2920/2900 put spreads for 20.00. Condors bought last Friday for 17.05.
Econ Calendar for week of 5/18/20
#FOMC Jerome Powell speaks Thursday
Link to calendar: https://research.investors.com/economic-calendar/
Triple header
#VIXIndicator Since 1999, what happened this week has happened once previously: a Downside Warning going into effect after it had been canceled, with no Upside Warning in between… and then that happening AGAIN. It’s a “triple-header” of Downside Warnings (DW).
The Downside Warning was reinstated on Wednesday after being canceled Monday. The DW that preceded the big drop was on February 24th, and that was a double-header already, after the first DW on January 27.
Double-headers usually result in the SECOND drop being deeper than the first. That certainly happened this time, with the second drop being exceeded only by the 2008 financial crisis. The only triple header before now was in 2007, when the second warning didn’t go as low as the first, but the third went lowest of all.
So we don’t have enough data to build a historical model of what we are in now. But it’s interesting to see the history of these market double/triple dips.
Below is a chart of all occurrences of doubles/triples since 1999:
SPX 1-dte
#SPX1dte Sold to Open $SPX 2730/2750-2920/2940 condors for 1.00, IV 25.6%, SPX 2846, deltas -.05, +.05
AMAT earnings analysis
#Earnings $AMAT reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 12, 2020 AC +3.05%
Nov. 14, 2019 AC +8.95% Biggest UP
Aug. 15, 2019 AC -1.12%
May 16, 2019 AC +2.49%
Feb. 14, 2019 AC -3.95%
Nov. 15, 2018 AC +1.08%
Aug. 16, 2018 AC -7.71%
May 17, 2018 AC -8.24% Biggest DOWN
Feb. 14, 2018 AC +3.89%
Nov. 16, 2017 AC -2.33%
Aug. 17, 2017 AC +2.73%
May 18, 2017 AC +0.38%
Avg (+ or -) 3.83%
Bias -0.07%, no significant bias on earnings.
With stock at 52.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 49.22 to 54.78 (+/- 5.3%)
Based on AVERAGE one-day move over last 12 quarters: 50.01 to 53.99
Based on MAXIMUM one-day move over last 12 Q’s (9.0%): 47.35 to 56.65
Based on DOWN max only (-8.2%): 47.72
Open to requests for other symbols.
So much for that.
#VIXIndicator The Downside Warning was reinstated at the close Wednesday, as VIX closed over 25% higher than Monday’s close.
SPX 7-dte
#SPX7dteLong Bought to Open $SPX May 20th 2780/2800-2810/2830 condors for 18.30, with SPX at 2814.
SVXY
#VXXGame Sold to close $SVXY Jan 2021 35 calls for 4.40. Bought for 4.114 (avg price) on March 26 & 27. What a bust… this thing hardly moved. TQQQ much better choice to get long at lows.
SPX skip
#SPX1dte Pretty sharp move at day’s end, but IV on tomorrow’s expiry is only 22%. I’m skipping this as tomorrow could be a sharp bounce or a sharp drop.
#VIXIndicator would have fired an upside warning today if the close was calm. This is why it takes 3 consecutive days of VIX closes before it fires… too many head-fakes with only 1 or 2 days.
SPX closure
#SPX7dteLong In premarket, GTC order filled: Sold to close $SPX May 13th 2870/2890 call spreads for 18.60. Condors sold last Wednesday for 17.90. Will sell put side today.
SPX trades
#SPX7dteLong Bought to Open $SPX May 18th 2920/2940-2950/2970 condors for 16.80, with SPX at 2942. These are getting cheaper, which also means probability of profit has dropped.
#SPX1dte Expiring: May 11th 2825/2845-2990/3010 condors, sold Friday for .95
Downside Warning canceled
#VIXIndicator The VIX closed below the 78.6% retracement, so that cancels the DW. Crazy stuff on a day with jobs numbers like that. If we can close well Monday and Tuesday it will set up nicely for a further rally higher.
SPX 1-dte
#SPX1dte Sold to Open $SPX May 11th 2825/2845-2990/3010 condors for .95, IV 14.75%, SPX 2929, deltas -.06, +.05
Expiring: May 8th 2760/2780-2950/2970 condors, sold yesterday for 1.15.
SPX 7-dte
#SPX7dteLong Bought to Open $SPX May 15th 2900/2920-2930/2950 condors for 17.05, with SPX at 2922.
Expiring: May 8th 2840/2860 call spreads for maximum credit, 20.00. Condors bought last Friday for 18.40.
Econ calendar for week of 5/11/20
Link to calendar: https://research.investors.com/economic-calendar/
SPX 7-dte
#SPX7dteLong
In the pre-market, filled on GTC order, Sold $SPX May 11th 2840/2860 call spreads for 18.00. Condors bought for 18.20 on Monday. Will sell the put side today. Right now I’m asking 1.80, which I can get with a minor pullback.
April Jobs Report
#Jobs — biggest losses since WW2
Loss of 20,500,000 non-farm payroll jobs, vs. expected 21.5M loss
Unemployment at 14.7%, up by 10.3%, vs. expected 16%
U6 unemployment at 22.8%, up by 14.1%
Avg Hourly Earnings up 4.3%
Labor force participation 60.2%, down by 2.5, lowest in over a decade
March revised down from -701K to -870K
February revised up from +214K to +230K
SPX 1-dte
#SPX1dte Sold to Open $SPX May 8th 2760/2780-2950/2970 condors for 1.15, IV: 25.5%, SPX 2877, deltas -.05, +.05.
