All of my current positions in TSLA are Bearish Call spreads, including some deep ITM short calls.
I’m going to balance out a portion of those.
New TSLA Diagonal Put Spreads:
Sold TSLA 10/25/2019 215.00 Puts / Bought TSLA 12/20/2019 130.00 Puts @ 0.43 Credit
Sold TSLA 10/25/2019 217.50 Puts / Bought TSLA 12/20/2019 135.00 Puts @ 0.36 Credit
Sold TSLA 10/25/2019 220.00 Puts / BoughtTSLA 12/20/2019 140.00 Puts @ 0.52 Credit.
The stock is hovering around 255 so far today with a tight range from roughly 252 to 256.
New FB Diagonal Call Spread
Sold FB 10/25/2019 190.00 Calls / Bought FB 12/20/2019 250.00 Calls @ 0.36 Credit with the stock at 184.80.
FB has confirmed that earnings will be announced 10/30/2019. With 36 analysts covering FB, the consensus EPS estimate is $1.91, and the high and low estimates are $2.15 and $1.69, respectively.
Expected Timing: After close
IRobot Corp. shares plunged more than 16% in the extended session Tuesday after it beat earnings and revenue expectations but lowered its holiday quarter guidance, citing U.S. tariffs on robotic vacuum cleaners, among other issues. The robot vacuum maker reported fourth-quarter net income of $35.5 million, or $1.24 a share, compared with $31.9 million, or $1.12 a share, in the year-ago period. Revenue rose to $289.4 million from $264.5 million in the year-ago period. Analysts surveyed by FactSet had estimated earnings of 52 cents a share on revenue of $259.4 million. For the fourth quarter, analysts model earnings of $1.03 a share on sales of $444 million. IRobot lowered its full-year guidance to earnings of $2.60 to $2.80 a share on sales of $1.2 billion to $1.21 billion. Previously iRobot had expected full-year earnings of $2.40 to $3.15 a share on sales of $1.2 billion to $1.25 billion. In a statement, iRobot Chief Executive Colin Angle said it lowered guidance because of marketing conditions and the company’s plans, which include several strategies to moderate the impact of U.S. tariffs on robotic vacuum cleaners. IRobot stock has fallen 36% this year,
New SLB Diagonal Call Spreads to go along with my covered call position.
Sold SLB 10/25/2019 34.50 Calls / Bought SLB 11/29/2019 39.00 Calls @ 0.22 Credit
Sold SLB 10/25/2019 34.50 Calls / Bought SLB 12/20/2019 42.50 Calls @ 0.27 Credit.
New CMG Diagonal Put Spread
Sold 1 CMG 10/25/2019 750.00 Put / Bought 1 CMG 12/20/2019 600.00 Put @ 1.64 Credit.
I expect to cover the short put tomorrow morning for a nickel leaving me a no cost lottery ticket long until December.
New CMG Diagonal Call Spread
Sold CMG 10/25/2019 925.00 Call / Bought CMG 11/15/2019 970.00 Call @ 1.70 Credit.
More premium and a 5 point higher short position than the one I did this morning.
The stock is 849 so the short is 76 Points OTM.
Doing these one at a time