Rolled profitable short puts out to July:
6/19 100 puts to 7/17 100 puts @ 1.08 credit
6/19 101 puts to 7/17 105 puts @ 1.73 credit
Stock at 125.55
Recent Updates Page 203
TRADES:
#Covered strangle/STRADDLE
DKNG BTO STOCK @31.97
DKNG STO 5/29/20 32.0 PUTS @1.30
DKNG STO 5/29/20 32.0 CALLS @1.10
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.
TRADES:
SDGR BTO STOCK 69.88
ACB STO 6/5/20 19.0 CALLS @.73
AAL STO 5/29/20 11.0 PUTS @.44 Turned this into a straddle, with 11.0 calls I sold last week.
AAL STO 6/5/20 10.5 PUTS @53
AAL STO 6/5/20 11.0 PUTS @.75
NFLX PTON OXY
Rolled $NFLX May 29 320/330 #BuPS Jun 05 @1.00 Debit
Rolled $PTON May 29 42 #ShortPut // Jun 05 @.72 Credit.
STO $OXY 14.5 #CoveredCall @0.36.
SPY
#ShortPuts – Almost three weeks early…
Bought to Close SPY JUN 12 2020 250.0 Put @ .27 (sold for 3.50)
SPY
#ShortPuts – No sense holding for two more weeks…
Bought to Close SPY JUN 05 2020 260.0 Put @ .17 (sold for 3.40)
LK
Bought 100 shares of LK at 2.08 to go along with my assigned 100 shares assigned May 18 from a 30 put. My cost basis is around 14-and I don’t drink coffee.
#DiagonalButterfly #Option Iceman $BIDU @…
#DiagonalButterfly #Option Iceman
$BIDU @ $107.75
Sold to open 1 BIDU May 29 108 short straddle @ $3.78
Bought to open 1 BIDU Jul 02 100 put / 115 call strangle @ $5.29
Net debit trade of $1.51
Should get a number of tries until July to sell very short term straddles.
I may look at another underlying to also pay down the debit.
SPY
BTO Jun 1 303/305 Calls 298/296 Puts $1.30 Debit IC
NVDA
#ShortPuts – Still trying to talk this one down…
Sold NVDA JUN 19 2020 315.0 Put @ 4.40
VXX
Sold VXX 05/29/2020 30.0 Puts @ 0.30 to replace similar options that expired Friday and re-establish diagonal spreads on part of my long put positions,
#DoubleDip
TQQQ
BTC May 29, 45 puts at .01 in Both my IRA and trading account. I am still short the 50puts, 55 puts and 60 puts and I think I will cover those at .01 as well.
VXX
Sold my long VXX 01/15/2021 21.00 Put @ 3.20 this morning. My cost was 1.99 plus I wrote weekly puts several times against it.
I also added a new diagonal position with the long Put side out 13 months.
Bought to open 06/18/2021 10.00 Puts / Sold 05/29/2020 32.00 Puts @ 0.17 Credit.
I should have a fully paid for long position by week’s end if I don’t have to roll the short.
TQQQ
BTC May 29, 40 puts at .01 in my trading and IRA accounts.
#closing #shortputs DKNG Bought May…
#closing #shortputs DKNG
Bought May 29, 28 put for .35, sold Friday for 1.10, thanks geewhiz112!
CINF new diagonal
Bought to open 1 CINF 09/18/2020 70.00 Call / Sold 1 CINF 06/19/2020 60.0 Call @ 0.25 Credit.
This is an additional kicker for my 60.0 Covered Calls in case we have another major pull back before the June expiration.
CINF long term put roll
Bought to close 1 CINF 06/19/2020 65.0 Put / Sold 1 CINF 09/18/2020 60.0 Put @ 0.65 Credit.
I expect to lose $500 less than I previously thought but I’ll have to wait until fall to reap the benefit
SPY STC may 26 297/299 $1.85
Bal of trade should expire for 0
Bought 5-21 as a debit IC $1.27.
Thx to Jeff
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.
Options Expiration
HTZ 4 covered call
WFC 26.5 covered call
CCL 12.5 put
CCL 14 put
M 5 put
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
OLLI Put / DDOG BUPS / DKNG Put Rolled
#shortputs
$OLLI STO 6/19 80 put at 3.70
$DKNG BTC 5/22 29 put and STO 5/29 28 put at .65 added credit
#bups
$DDOG STO 6/19 70/75 BUPS at 2.50
NVDA SPY TNA
#CoveredCalls #BullPutSpreads #Earnings
NVDA: Earnings down to the wire but went out worthless
MAY 22 2020 360.0/355.0 Bull Put Spread @ 2.65 (expired)
SPY: Down to the wire but had to roll (covered)
Rolled SPY MAY 22 2020 295.0 Call to MAY 27 2020 295.0 Call @ 2.20 credit (4.65 total now)
TNA: Rolled out a week and up a little (covered)
Rolled TNA MAY 22 2020 20.0 Calls to MAY 29 2020 20.5 Calls @ .12 credit
Expirations
OX $OSTK May-22-2020 21 #CoveredCalls – STO 5/11 @.45.
OX $OXY May-22-2020 16 #CoveredCalls – STO 5/8 @0.44.
OX $PTON May-22-2020 43 #ShortPuts – STO 5/18 @0.70.
OX $LULU May 22-2020 215/225 #BuPS – STO as part of a roll last week, total 1.86 premium.
Expiration
#optionsexpiration
$SDC 8.5 call
$ROKU 121 call
$NVAX 32 put
EXPIRATION FRIDAY:
AAL 9.0 & 9.5 PUTS STO @.53 & .44
AAL 10.5 CALLS STO @.60
AAL 10.0 PUTS STO @.1.16 ROLLING OUT TO 5/29, SAME STRIKE for .58 BTC the 5/22s for .25
DKNG 26.0 & 29.0 PUTS
DKNG 35.0 CALL STO @.69
ACB 13.0 CALL STO @1.00 did this Wednesday as a covered call atm
OSTK 18.0 &19.0 & 20.0 CALLS STO @1.75, 1.60, .65
Remember
#Memorial Day
Thanks to all who serve and have served.
Three day weekend. Spend some of it relaxing.
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.
Trades
TLRY sold May 29, 9.50 put for .61 #shortputs
TSLA Sold May 29, 760/765 put spread for .68 #shortputspread
LUV rolled June 19 40 put to August for .50 #rolling #shortputs
HTZ sold my 200 shares, risk off, for traditional Chicago Bears first play from scrimmage-no gain
FB Sold June 19, 242.50/245 #shortcallspreads for .83
TWTR sold July 17, 27/38 #shortstrangles strangle for 1.24
BABA Sold July 17, 170/175/230/235 #ironcondor for 1.39
EWY strangle
Sold to open $EWY 7/17 45/56 strangle @ 1.27 with the ETF at 51.23. Just about delta neutral (puts 18 and calls 19).
TRADES:
OSTK 5/29/20 STO 19.0 CALLS @.75
TLRY BTO STOCK @10.0
ACB STO 5/29/2018.0 CALLS @1.18
LULU
BTO Jun 19 275/272.5 Put spread $1.15
A TRADE:
DKNG STO 5/29/20 28.0 PUT @1.10
#ironcondor BABA Sold June 19,…
#ironcondor BABA
Sold June 19, 170/175/230/235 for 1.39. BABA is down 10 today to around 201 after earnings
LULU
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.
PTON
STO $PTON May-29-2020 43 #ShortPuts @0.70.
Holding May-22-2020 43 #ShortPuts, planning to let them go to expire.
BOUGHT 3 CC’s May 29 $205 TWLO net $198.49, Stock at $204.50
NVDA BUPS and BUCS
NVDA
BOUGHT 5 May 29 CC’s on WORK @ $30.392, Stock at $31.50
#shortputs CAR Sold June 19,…
#shortputs CAR
Sold June 19, 13 put for 1.11, CAR is just under 16
WORK CC Rollout
Rolled $WORK May-22-2020 31.50 #CoveredCalls // May 29 2020 33.00 @0.20 Credit +better strike.
Second roll on this one, originally purchased 5/13 when the stock was $30.25. My basis is now $29.02.
Takin’ what they’re giving, $WORK’n for a livin’ (Not Slack’n)
Hey good morning everyone. Hope…
Hey good morning everyone. Hope you all have been safe and trading well.
Kelly
SPY
BTO May 26 IC 297/299 293/291 $1.27
My version of Jeff’s SPX BTO trades
#shortputs BOOT Sold July 17,…
#shortputs BOOT
Sold July 17, 20 put for 1.70
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
TSLA iron condor
Sold $TSLA 6/19 630/650/950/970 iron condor @ 4.70 with the stock around 819. Leaning short with the short calls at 24 delta, short puts at 11 delta. Will look to roll the put spread side up it starts to run again.
BBY short puts
Post-earnings, sold to open $BBY 7/17 65 puts @ 1.82. Delta 18. IV rank 42.
GILD put spread
Sold to open $GILD 6/19 70/65 bull put spread @ 1.31 with the stock at 73.63.
NVDA Earnings
STO $NVDA May-29-2020 320/325 #BuPS @1.05
NVDA Earnings
#BullPutSpreads – Wouldn’t mind owning this but would like to see it implode a little. Selling ITM bull put spread for upside gain but a decent ownership basis if it does tank.
Sold NVDA MAY 22 2020 360.0/355.0 Bull Put Spread @ 2.65
Not much else going on…just letting things work.
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.
NFLX – Rollout
Rolled $NFLX 320/330 May-22-2020 #BuPS // May-29-2020 @1.47 credit.
NFLX trading around 434, down ~$13.50 or so today.
TQQQ
In my IRA:
BTC May 22, 50 puts at .01, sold at 1.25 and I want a pull back before I sell any more puts.
NVDA BUPS Closed
#closing #earnings LOW May 19…
May 19 sold #jadelizard for 2.59, bought today for 2.07
June 19, 105/119/121
TQQQ
BTC May 22, 50 puts at .01
BTC May 22, 55 puts at .01
I have covered about half of the position and will cover the rest probably tomorrow at .01. With no brokerage, I don’t mind taking the risk off for a penny.
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.
TSLA
BTC $TSLA 5-22-2020 720/730 #BuPS @0.09 debit. Was STO 5/8 @1.82.
Trade was earlier today when underlying was at about 812.
Rolling AMZN put spread up
From my iron condor, rolled $AMZN 6/19 2150/2130 bull put spread up to 2300/2280 for 2.10 credit. New short puts at 16 delta. Paired with 6/19 2600/2620 bear call spread. Total premium taken in now 8.10 against 20 point wide wings.
TQQQ Put Rolled
#shortputs
$TQQQ BTC 5/22 50 put and STO 6/19 60 put at 1.77 added credit. The BTC was for.01. Thank you @jsd501 for the original impetus. I enjoy being impetized.
#closing #shortstrangles BA Bought June…
#closing #shortstrangles BA Reset #shortstrangles
Bought June 19, 95/145 strangle for 5.57, sold May 15 for 6.20 when BA was around 120, now around 132.
Sold June 19, 105/160 strangle for 3.59
TDOC CC May 22 $167.50 net $164.99 w stock at $171.07
REGN synthetic strangle
Putting on a short synthetic strangle in $REGN (short options with 50 point wide wings to reduce buying power requirement). Sold $REGN 6/19 470/520/650/700 iron condor @ 8.05 with the stock around 479. Short puts and calls at 18 and 15 delta. IV rank 43.
CORRECTION: Stock is at 579 not 479.
Closing TQQQ
Bought to close:
$TQQQ 6/12 55 put @ .78 (sold for 2.20 on 5/13)
$TQQQ 6/19 55 put @ 1.12 (sold for 2.85 on 5/13)
Thanks @jsd501 for the trade idea
GLD iron condor
Sold $GLD 6/19 153/158/170/175 iron condor @ 1.49, leaning a bit short with short puts at 22 delta, short calls at 29 delta. IV rank 44.
#coveredcalls #assignment WBA #earnings #closing…
#coveredcalls #assignment WBA #earnings #closing TGT
WBA May 15, bought 100 shares at 37.96 and sold a May 29 38 call for 1.01. I was assigned yesterday, thought I was safe but no harm.
TGT Yesterday sold June 15 110/140 strangle for 2.16, bought today for 1.61
Options Bistro 