#coveredcalls SDC
Bought a Sept. 4, 8.5 covered call for 7.73.
Thanks for the idea Jefflsmith
Recent Updates Page 203
FSLY
#ShortPuts – First time in this one. One contract starter just to watch it.
Sold FSLY SEP 4 2020 65.0 Put @ 1.25
SPX 7-dte
#SPX7dteLong Sold to close $SPX Aug 19th 3370/3350 put spreads for 1.00. Banking on the call side for my expiration profit. Condors bought last Thursday for 15.80.
NVDA IC
#Earnings Sold to Open $NVDA Aug 21st 455/460-525/530 iron condors for 1.70, with stock at 487.30.
I’m ignoring the -18% outlier and going just outside the remaining max moves.
BABA earnings analysis
#Earnings $BABA reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
May 22, 2020 BO -5.87%
Feb. 13, 2020 BO -1.76%
Nov. 1, 2019 BO -0.11%
Aug. 15, 2019 BO +3.02%
May 15, 2019 BO +1.57%
Jan. 30, 2019 BO +6.33% Biggest UP
Nov. 2, 2018 BO -2.41%
Aug. 23, 2018 BO -3.15%
May 4, 2018 BO +3.52%
Feb. 1, 2018 BO -5.90% Biggest DOWN
Nov. 2, 2017 BO -0.68%
Aug. 17, 2017 BO +2.77%
Avg (+ or -) 3.09%
Bias -0.22%, no significant bias on earnings.
With stock at 258.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 244.69 to 271.31 (+/- 5.2%)
Based on AVERAGE one-day move over last 12 quarters: 250.03 to 265.97
Based on MAXIMUM one-day move over last 12 Q’s (6.3%): 241.67 to 274.33
Based on DOWN max only (-5.9%): 242.78
Open to requests for other symbols.
NVDA earnings analysis
#Earnings $NVDA reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
May 21, 2020 AC +2.86%
Feb. 13, 2020 AC +7.02%
Nov. 14, 2019 AC -2.66%
Aug. 15, 2019 AC +7.25% Biggest UP
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%
Avg (+ or -) 5.58%
Bias -0.43%, small negative bias on earnings.
With stock at 488.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 454.74 to 521.26 (+/- 6.8%)
Based on AVERAGE one-day move over last 12 quarters: 460.77 to 515.23
Based on MAXIMUM one-day move over last 12 Q’s (-18.8%): 396.50 to 579.50
Based on UP max only (+7.3%): 523.38
Open to requests for other symbols.
#earningsT.O.S. still not working As…
#earningsT.O.S. still not working
As of this morning, 19 Aug, TOS is still screwed up. Not getting filled on trades that normally would fill. And, the one trade that did fill, did not and does not display as a filled order on the Activity and Positions page.
Is anyone using another trading platform?
If this keeps up I may switch.
New Covered Call Position in SDC
SDC stock dropped following the recent earnings call. SDC covered calls have generated significant profits in my Schwab accounts. The drop in price created an opportunity to establish new covered calls in IB account. SDC has an interesting business model (changing the paradigm in the orthodontics). Two members of our family have had positive experiences with using the system.
The covered call positions were established with the purchase of 1,000 shares on the 8/17 and another 1,000 shares on 8/18. On 8/17 we sold 10 Aug 21 $7.50 calls followed by selling 10 Aug 21 $8 calls.
TQQQ Put Closed
#shortputs
$TQQQ BTC 9/18 45 put at .15. STO at 3.60. Thank you @jsd501
TQQQ
BTC December 50 puts at 2.00, sold at 3.50, still short 35, 40, and 45 strikes.
SPX 1-dte
#SPX1dte Sold to Open $SPX Aug 19th 3315/3335-3425/3445 condors for .90, IV 12.12%, SPX 3390, deltas: -.06,+.07
#closing #shortputs DKNG Bought Sept….
#closing #shortputs DKNG
Bought Sept. 18, 30 put for .75, sold Aug. 14 for 1.75.
SPX 7 dte
#SPX7dte Bought to Open $SPX Aug 24th 3365/3385-3395/3415 condors for 15.05, with SPX at 3391. These are getting riskier with lowering VIX and consolidation, but they are also getting cheaper.
NVDA Earnings
#ShortPuts #Earnings – Selling a day early and fairly aggressively. Solidly in the #TakeOneForTheTeam category. LOL
Sold NVDA AUG 21 2020 455.0 Put @ 4.10
TSLA
#ShortStrangles – Following @jsd501 here. My second roll up of the put side so far. Massive call skew so the overall position is still short a few deltas…
Rolled TSLA SEP 18 2020 1000.0 Put to SEP 18 2020 1300.0 Put @ 7.40 credit (19.45 total now)
LABU
#ShortPuts – Closed some earlier now adding some new starters…
Sold LABU SEP 11 2020 45.0 Puts @ 1.80
Sold LABU SEP 18 2020 45.0 Put @ 2.30
Sold LABU SEP 18 2020 40.0 Put @ 1.30
PLUG
#BullPutSpreads – Just messing around with this one…
Bought to Close PLUG SEP 18 2020 12.0/10.0 Bull Put Spreads @ .70 (sold for 1.30)
TRADES:
BTO WKHS STOCK @16.51
STO WKHS 8/21/20 17.0 CALLS @.55
STO OSTK 8/21/20 120.0 CALL @5.20
AMZN Iron Condor
IV increasing a bit here (current IV rank around 41). Sold $AMZN Sep 18 2980/3000//3600/3620 iron condor @ 6.79. About 1/3 the width of the strikes. Stock almost centered between the short strikes trading 3295-3300 which are +/- 300 points, puts and calls at 18 and 23 delta. Will look to close for 50% of the profit.
TQQQ
Reducing risk, BTC December 60 puts at 3.20, sold at 5.60
TQQQ
BTC December 75 puts at 5.75, sold at 7.40
I want to reduce my exposure and reduce my risk.
WDC #Shortputs trying to mitigate…
WDC
#Shortputs trying to mitigate my bad earnings trade when I sold 40 puts by first rolling them out to September and at the same time selling some calls for a straddle in the struggle. I flatly overlooked my loss limit per trade, terrible.
MRNA
#ShortPuts – Looking a little weak so booking these now.
Bought to Close MRNA AUG 21 2020 60.0 Puts @ .20 (sold for .96)
GOOGL
In my IRA, STO 1250/1300-1700/1750 iron condor at 6.20 for October 2, expiration.
Closing TDOC
Bought to close 8/28 175 put @ .62. Sold for 3.30 on 8/5. Thanks @fuzzballl.
NFLX
In my IRA, BTC September 18,350/400-600/650 Iron condor at 1.50, sold at 3.35, following the TT method.
TQQQ
#ShortPuts – Taking it a little early…
Bought to Close TQQQ AUG 28 2020 100.0 Put @ .45 (sold for 2.90)
KSS
Bought to close KSS Aug 21 2020 24.50 Diagonal Calls @ $0.01.
They won’t trade any lower.
Interestingly the Aug 25 calls have not traded there yet
LABU MSFT NVDA
#ShortPuts – Book ’em. NVDA was supposed to be for earnings but have to take the winner with a two day move like this.
Bought to Close LABU AUG 21 2020 45.0 Puts @ .08 (sold for 1.80)
Bought to Close MSFT AUG 21 2020 195.0 Put @ .10 (sold for 2.60)
Bought to Close NVDA SEP 18 2020 380.0 Put @ 1.70 (sold for 4.10)
#closing KSS Bought 20/27.50 strangle…
#closing KSS
Bought 20/27.50 strangle for 1.57, sold yesterday for 1.73
WMT & KSS closed
#Earnings Sold to close $WMT 21Aug/28Aug 135 #DoubeCalendars for 1.612. Bought yesterday for .942.
Sold to close $KSS Aug 21`st 124 puts for 3.50. Bought yesterday for 1.70.
Excellent open for both trades.
AMZN
#IronCondors – TOS was pretty much useless all day yesterday but did get one fill. With the stock price sitting perfectly centered I went ahead and sold the long sides to keep some extra premium. Still holding short sides.
Sold AMZN AUG 21 2020 2650.0 Put @ .47
Sold AMZN AUG 21 2020 3750.0 Call @ .45
SPX trades
TSLA
ON my September 18, 700/2900 strangle, I rolled the 700 put up to 1500 for a credit of 36.00
WMT earnings analysis & trade
#Earnings $WMT reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
May 19, 2020 BO -2.12%
Feb. 18, 2020 BO +1.47%
Nov. 14, 2019 BO -0.27%
Aug. 15, 2019 BO +6.11%
May 16, 2019 BO +1.43%
Feb. 19, 2019 BO +2.21%
Nov. 15, 2018 BO -1.96%
Aug. 16, 2018 BO +9.33%
May 17, 2018 BO -1.90%
Feb. 20, 2018 BO -10.17% Biggest DOWN
Nov. 16, 2017 BO +10.89% Biggest UP
Aug. 17, 2017 BO -1.58%
Avg (+ or -) 4.12%
Bias 1.12%, positive bias on earnings.
With stock at 135.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): CANNOT ACCESS
Based on AVERAGE one-day move over last 12 quarters: 129.44 to 140.56
Based on MAXIMUM one-day move over last 12 Q’s (+10.9%): 120.30 to 149.70
Based on DOWN max only (-10.2%): 121.27
Open to requests for other symbols.
KSS puts
#Earnings Order in to Buy to Open $KSS Aug 21st 24 puts for 1.50, with stock at 23.80. Breakeven at 22.50, which is -5.5% OTM. Strongly negative history, and also Covid. It’s possible negative already baked in and we could see a pop higher, but I’ll also have until Friday for that to fade.
Not filled yet… will raise my bid if necessary before the close.
#earnings KSS Sold Sept. 18,…
SQ NUGT Rolls / TQQQ Puts Closed
#coveredcalls
$SQ BTC 8/21 142 calls and STO 8/28 145 calls at .75 debit. Basis now 88.40
$NUGT BTC 8/21 94 calls and STO 8/28 101 calls at 2.30 debit. Basis now 116.10
#shortputs
$TQQQ BTC 8/21 90 put at .10. Thank you @fuzzballl
VXX new diagonals
I have not yet replaced the dozen or so strike 25 short Puts I had that expired Friday, leaving a bunch of 2021 fully paid for long positions.
Tiptoeing back in with new diagonals:
Bought to open VXX Jun 18 2021 9.0 Puts / Sold VXX Aug 21 2020 24.5 Puts @ 0.12 Credit.
It would be nice if we got just a tiny market pullback this week.
KSS earnings analysis
#Earnings $KSS reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
May 19, 2020 BO -7.65%
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%
Avg (+ or -) 7.20%
Bias -5.54%, strong negative bias on earnings.
With stock at 23.20 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): CANNOT ACCESS
Based on AVERAGE one-day move over last 12 quarters: 21.53 to 24.87
Based on MAXIMUM one-day move over last 12 Q’s (-19.5%): 18.68 to 27.72
Based on UP max only (+7.3%): 24.90
NOTE: 5-day maximum DOWN is the same, while max UP is less, meaning 5-day performance is even more negative for KSS.
Open to requests for other symbols.
WBA
Ex-div tomorrow for 0.4675 for those wanting a dividend capture trade.
Stock is close to the low for the last week.
Dividend Yield 4.46%
#coveredcalls CNQ Bought a Sept….
#coveredcalls CNQ
Bought a Sept. 18, 21 covered call for 19.53, .32 dividend on Sept. 17, current price of 20.33
TOS still updating…
AMZN
BTC September 18, 2650/2700-3700/3750 iron condor at 4.60, sold at 9.35, Using the TT Style of trading.
TQQQ
In my IRA, BTC August 21, 45 puts at .01, sold at .57
Also, BTC the 65 puts at .01, sold at .52
GOOGL
STO 1250/1300-1700/1750 iron condor at 6.25 for October 2 expiration.
SPX 7-dte
#SPX7dteLong Bought to Open $SPX Aug 21st 3360/3380-3390/3410 condors for 15.20, with SPX at 3382. Lowest price I have paid in this strategy. But if we are going to consolidate near the 3400 level the exits will get tricky.
ThinkorSwim slow?
Anyone else having issues with TOS being slow or nonfunctional this morning?
AAL
Sold AAL 08/21/2020 14.0 Covered Call @ 0.28.
This replaces the 13.50 Call that expired Friday
VXX
Bought to open 1 VXX Nov 20 2020 60.00 Call @ 0.98.
Adding this to my stable of longs in November.
I don’t average down old positions. I lower the strike of new positions instead.
Next target is the Nov 55 Call at the same price.
Election chaos is coming …
MDLZ
BTC MDLZ Aug 14 $55.0 short straddle @ $1.20 (originally sold for $1.21)
STO MDLZ Aug 21 $56.0 short straddle @ $1.03
I’ve noticed that the bid/ask spread on the calls is outrageous and very difficult to get filled without giving up too much. If this continues I will shut down this particular set.
Cover is the Jan 2022 long $40 put / $65 call strangle.
EWZ
BTC EWZ Aug 14 $31.5 straddle @ $0.58 (sold for $1.46)
STO EWZ Aug 21 $31.5 straddle @ $1.48
Cover is EWZ Jan 2022 long strangle $27 call / $37 put
BIDU NTAP NVDA
#ShortPuts #JadeLizards #OptionsExpiration – Out all day but got a few fills…
BIDU: Wish I could’ve watched it closer…would have been a full winner but I’ll take it.
Bought to Close BIDU AUG 14 2020 116.0/120.0/122.0 Jade Lizards @ 1.26 (sold for 2.05)
NVDA: Replacing an expiring position. Earnings next week.
Sold NVDA SEP 18 2020 380.0 Put @ 4.10
Expired: NVDA 420.0 Put (sold for 2.90)
NTAP: Still chugging along. Earnings still two weeks out. Rolling covered calls.
Rolled NTAP AUG 14 2020 41.5 Calls to AUG 21 2020 42.0 Calls @ .35 credit
Earnings expirations
#Earnings
$BIDU and $AMAT iron condors sold yesterday both expired worthless.
SPX trades
#SPX1dte Sold to Open $SPX Aug 17th 3290/3310-3410/3430 condors for 1.00, IV 9.35%, SPX close: 3372, deltas: -.07,+.07. Exact same strikes and premium as today’s expiration. Filled 11 minutes after the bell.
Expiring: Aug 14th 3290/3310-3410/3430 condors, sold yesterday for 1.00
#SPX7dte Waiting until Monday morning to buy the Aug 21st spread
Expiration
#optionsexpiration
$BIDU Earnings trades Thank you @fuzzballl and @jeffcp66
$AMAT Earnings trade Thank you @jeffcp66
$MRNA 75 call
$MRVL 37.5 call
#closing VIAC On February 26,…
#closing VIAC
On February 26, I sold a 24/25 put ratio spread in VIAC, expiring in April. In March, some strange world events caused VIAC do go down down down. Strangest thing, sports were cancelled.
One short 24 put was rolled to 25, then rolled 4 more times, closed today for .11 for an overall gain of $368.
TRADES:
STO THC 8/21/20 30.0 CALLS @.55
STO VIAC 8/21/20 28.0 NTM CALLS @.56 Will probably have to cover. Have the 26.0 & 27.0 puts open.
Rolls
My timing sucked today 😦
Econ Calendar for week of 8/17/20
VXX roll Down
Bought to close VXX 08/14/2020 26.0 Puts @ 0.59.
Sold VXX 08/21/2020 25.0 Puts @ 0.71.
VXX is at 25.48
Sold the 26 puts all during the last week at 0.92, 0.60, 0.67, 0.70 and 0.69
Sep TQQQ
Sold $TQQQ 9/18 80 puts @ 1.45
KSS roll
Another one I was hoping would expire after it dropped to 22.56 this morning. I hate Friday explosions
Bought to close KSS 08/14/2020 23.0 Diagonal Calls / Sold VIAC 08/21/2020 25.0 Diagonal Calls @ 0.12 Credit.
KSS is at 23.87
VIAC roll dangit
I spent all of the last few days hoping this would expire. I hate Friday explosions
Bought to close VIAC 08/14/2020 28.0 Diagonal Calls / Sold VIAC 08/21/2020 30.0 Diagonal Calls @ 0.07 Credit.
VIAC is at 28.21
NFLX
BTC August 21, 400/600 strangle at .40 cents, sold at 10.50
BTC august 2, TQQQ 45 puts at .01, sold at .57
TRADES:
CC BTO STOCK @21.04
CSIQ BTO STOCK @26.14
THC STO 8/21/20 28.0 PUTS @.55
#shortputs XOM #closing BIDU XOM…
#shortputs XOM DKNG #closing BIDU
XOM Sold Sept. 18, 40 put for .75
DKNG Sold Sept. 18, 30 put for 1.75
BIDU closed earnings trade for $25 loss
TSLA
BTC August 21, 600 put at .05, sold at 2.30
TQQQ
BTC August 14, 75 puts at .01, sold at .75
BTC August 14, 80 puts at .01, sold at 1.20
SPX 1dte
#SPX1dte Sold to Open $SPX Aug 14th 3290/3310-3410/3430 condors for 1.00, IV 14.1%, SPX 3373, deltas, -.06, +.07
SPX 7-dte
#SPX7dteLong Sold to close $SPX Aug 14th 3335/3315 put spreads for 1.35. Planning to close the call side today as well, but looking for a higher close.
Condors bought last Friday for 16.30. If we get a down open tomorrow this one will be flirting with the danger zone, so getting out today.
#earnings #ironcondor BIDU Sold Aug….
VXX
Sold VXX 08/21/2020 32.50 Calls @ 0.23 with the stock at 25.60
Will replace similar calls expiring tomorrow.
Written against Sept, Oct and Nov long calls.
AMAT IC
#Earnings Same story here, looking for an average or less move, low risk. This one leans bullish because I set it when the stock was closer to 66.00. Only partial fill so far:
Sold to Open $AMAT Aug 14th 62/63-69/70 iron condors for .42
BIDU Earnings
#Earnings #JadeLizards – Playing it to the downside with breakeven at 1.5x the expected move. Small window here to get max profit. A move to the downside at the expected move would be perfect. As usual no upside risk.
Sold BIDU AUG 14 2020 116.0/120.0/122.0 Jade Lizards @ 2.05
BIDU IC
#Earnings. Sold to Open $BIDU Aug 14th 114/116-134/136 iron condors for .60. Looking for a move at the average or less.
