#shortputs
$CODX BTC 5/15 10 put at .20. STO 4/14 at 2.85
Recent Updates Page 206
NET Covered Call
#coveredcalls
$NET STO 5/15 call at 2.20
PTON post-earnings
Sold $PTON 6/19 45/50 bear call spread @ 1.42. Post-earnings, looking like it may have hit its high on the gap up. Short leash–if the stock moves back toward the morning high I’ll cut bait.
SPY
#ShortPuts – Wasn’t going to hold over the weekend so now is probably as good a time as any to book these.
Bought to Close SPY MAY 11 2020 270.0 Puts @ .15 (sold for 2.07)
Closing AMZN
Bought to close $AMZN 5/15 2130/2150/2480/2500 iron condor @ 1.96. Sold for 6.00 on 5/1.
AMD
Rolled $AMD May-08-2020 52 #Shortput // May-15-2020 @0.85 credit.
SPCE Earnings
#BearCallSpreads #Earnings – Sold these ITM and got a nice move. I’ll take it here and not be greedy…even though it’s coming out of a nice squeeze.
Bought to Close SPCE MAY 8 2020 19.0/16.0 Bull Put Spreads @ .60 (sold for 1.80)
AAPL
BTO May 22 305/302.5 BePS $1.15
ZM
STC May 15 136/139 Call Spread $2.37 BTO 4-30 $1.45
SQ Earnings
#ShortPuts #Earnings #OneNightStand – See ya next time…
Bought to Close SQ MAY 15 2020 60.0 Puts @ .20 (sold for .85)
OLED earnings analysis
#Earnings $OLED reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 20, 2020 AC -2.46%
Oct. 30, 2019 AC +15.27%
Aug. 1, 2019 AC -1.64%
May 2, 2019 AC +8.76%
Feb. 21, 2019 AC +23.03%
Nov. 1, 2018 AC -20.50% Biggest DOWN
Aug. 9, 2018 AC +13.54%
May 3, 2018 AC +12.43%
Feb. 22, 2018 AC -15.81%
Nov. 2, 2017 AC +9.52%
Aug. 3, 2017 AC -1.30%
May 4, 2017 AC +23.87% Biggest UP
Avg (+ or -) 12.34%
Bias 5.39%, strong positive bias on earnings.
With stock at 150.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 135.19 to 164.81 (+/- 9.9%)
Based on AVERAGE one-day move over last 12 quarters: 131.48 to 168.52
Based on MAXIMUM one-day move over last 12 Q’s (23.9%): 114.20 to 185.81
Based on DOWN max only (-20.5%): 119.25
Open to requests for other symbols.
SPX trades
#SPX7dteLong Bought to open $SPX May 13th 2840/2860-2870/2890 condors for 17.90, with SPX at 2859.
#SPX1dte Expiring: May 6th 2770/2790-2940/2960 condors, sold yesterday for 1.20.
Closing TLT
Bought to close $TLT 6/19 170/175 bear call spread @ .70. Sold for 1.50 on 4/27.
TQQQ
STO May 29, 40 puts at .40
STO May 29, 45 puts at .68
STO June 5, 40 puts at .68
TQQQ
BTCMay 8, 50 puts at .02 and still waiting on the 45 puts and the 40 puts to fill at .01 cent.I don’t mind taking the risk off for a penny or two.
#earnings SQ Sold June 19,…
BYND STO 3 CC May 8 $125 net $118.9 Stock at $123.88
AAPL Earnings swap for SQ Earnings
#ShortPuts #Earnings – Closing AAPL and adding SQ. Out a week for a little more safety…
Bought to Close AAPL MAY 15 2020 265.0 Put @ .35 (sold for 2.25)
Sold SQ MAY 15 2020 60.0 Puts @ .85
Going back into DIS
Slowly. Sold $DIS 6/19 90 puts @ 2.08. Delta 21.
SQ earnings analysis
#Earnings $SQ reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 26, 2020 AC +3.55%
Nov. 6, 2019 AC +5.00%
Aug. 1, 2019 AC -14.05% Biggest DOWN
May 1, 2019 AC -7.98%
Feb. 27, 2019 AC +2.42%
Nov. 7, 2018 AC -9.02%
Aug. 1, 2018 AC +8.65%
May 2, 2018 AC +1.13%
Feb. 27, 2018 AC +0.30%
Nov. 8, 2017 AC +3.40%
Aug. 2, 2017 AC -4.68%
May 3, 2017 AC +8.86% Biggest UP
Avg (+ or -) 5.75%
Bias -0.20%, slight negative bias on earnings.
With stock at 69.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 63.23 to 74.77 (+/- 8.4%)
Based on AVERAGE one-day move over last 12 quarters: 65.03 to 72.97
Based on MAXIMUM one-day move over last 12 Q’s (14.1%): 59.31 to 78.69
Based on UP max only (+8.9%): 75.11
Open to requests for other symbols.
#shortputs #coveredcalls OXY NTGR OXY…
#shortputs #coveredcalls OXY NTGR CPRI
OXY Sold June 19, 12 put for 1.00
NTGR Sold June 19, 25 covered call for .75
CPRI Sold May 15, 15 covered call for .40
CCL Sold May 15, 11.50 put for .45
#earnings #closing DIS Sold 100/105…
Record job losses
I don’t believe the market will keep shrugging this stuff off.
JUST IN: U.S. private payrolls fell by more than 20.2 million in April, the worst loss in the ADP survey’s history. https://t.co/E37a0IjOc5 pic.twitter.com/FRcGtXXVa6
— CNBC (@CNBC) May 6, 2020
DXCM up to $364.28 Expensive Roll Up of CC’s
Significant investment to maintain CC positions. Don’t want stock called away due to tax implications. Share of account value getting too high.
BTC May 15 $310 sold at $35.03 and closed at $62.95
BTC May 15 $320 sold at $27 and closed at $53.32
STO May 15 $350 at $28.24
STO May 15 $360 at $21.32
Leaves CC’s with strikes at $330, $350, $360.
SPY
#CoveredCalls – Come and get it Mr. Market…
Bought to Close SPY MAY 06 2020 292.0 Call @ .16 (sold for 1.70)
Sold SPY MAY 15 2020 290.0 Call @ 3.50
SPX 1-dte
#SPX1dte Sold to Open $SPX May 6th 2770/2790-2940/2960 condors for 1.20, IV 23.15%, SPX 2869, deltas -.06, +.04.
#shortputs X AA Sold May…
#shortputs X AA
Sold May 15, 8 put in X for .28
Sold June 19, 7 put in AA for .45 Both are aligned with assigned shares, of course they’re in the red.
VXX Diagonal Spreads
Bought VXX 01/15/2021 11.00 Puts / Sold 05/08/2020 35.00 Puts @ 0.03 Credit.
Pushed my long side puts a point closer to the stock than my earlier trade.
Today’s stock low was 37.56
#closing #shortputs EWZ Being a…
#closing #shortputs EWZ
Being a little paranoid, bought June 19, 20 put for .77, sold April 17 for 1.00. Story in WSJ about Brazil having Covid troubles.
SPY
#ShortPuts – Taking a little more risk off…
Bought to Close SPY MAY 08 2020 270.0 Puts @ .15 (sold for 1.75)
SPX 7-dte
#SPX7dteLong Sold to close $SPX May 6th 2950/2970 call spreads for 1.50. Sold put side for 19.00 yesterday. Condors bought for 17.55 last Wednesday, so 2.95 profit overall.
TQQQ
STO September 30 puts at 3.10
STO September 35 puts at 2.20
FRPT
BTC, the May 15, 55 puts at .20 cents. Sold at 2.00
DEA
Never heard of this one until today. But it does have options Low open interest and huge spreads, but at least they are there.
Dividend Yield: 3.9%
Easterly Government Properties is a shining example of the kind of stock I’m talking about today.
It’s a real estate investment trust (REIT) that has one of the most reliable tenants in the world — the U.S. government.
It’s based in Washington, D.C. and leases Class A properties to government agencies. DEA operates 72 properties for 32 agencies with nearly 7 million square feet of space.
DEA has been around since 2011, so it’s relatively new in the REIT space. But this is a very unique niche with a serious competitive moat.
Currently it has a solid 3.9% dividend, which shouldn’t be affected by any of the economic issues visited upon the broader economy. The stock is up 50% in the past 12 months, so there’s some significant growth there as well.
#earnings #longputspread #hedge DIS Bought…
#earnings #longputspread #hedge DIS
Bought a 105/100 May 15 put spread for 1.99 against a rolled June 19, 100/110 short put spread, DIS is around 104.
Thanks for the data Jeff.
VXX Diagonal Spreads
Bought VXX 01/15/2021 10.00 Puts / Sold 05/08/2020 35.00 Puts @ 0.03 Credit.
If this works, I will own some zero cost 2021 Puts by Friday.
If it doesn’t that means the market is screaming higher (helping the rest of my portfolio) and I can roll them weekly until they do.
Last week’s low on VXX was 35.55.
DIS earnings analysis
#Earnings $DIS reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 4, 2020 AC -2.32%
Nov. 7, 2019 AC +3.76% Biggest UP
Aug. 6, 2019 AC -4.94% Biggest DOWN
May 8, 2019 AC -1.03%
Feb. 5, 2019 AC -1.10%
Nov. 8, 2018 AC +1.72%
Aug. 7, 2018 AC -2.21%
May 8, 2018 AC -1.78%
Feb. 6, 2018 AC -1.32%
Nov. 9, 2017 AC +2.04%
Aug. 8, 2017 AC -3.87%
May 9, 2017 AC -2.15%
Avg (+ or -) 2.35%
Bias -1.10%, negative bias on earnings.
With stock at 105.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 97.71 to 112.29 (+/- 6.9%)
Based on AVERAGE one-day move over last 12 quarters: 102.53 to 107.47
Based on MAXIMUM one-day move over last 12 Q’s (4.9%): 99.81 to 110.19
Based on UP max only (+3.8%): 108.95
NOTE: Expected move into Friday expiration is much higher than historical moves.
Open to requests for other symbols.
SPY
#ShortPuts – Bought to Close SPY MAY 06 2020 275.0 Puts @ .10 (sold for 2.00)
SPX 7-dte and 1-dte
#SPX7dteLong Bought to open $SPX May 11th 2810/2830-2840/2850 condors for 18.20, with SPX at 2840.
Expiring: May 4th 2880/2860 long put spreads at max profit: 20.00. Condors bought for 17.65 last Monday.
#SPX1dte expiring: May 4th 2690/2710-2930/2950 condors, sold Friday for 1.05.
NCLH Roll
#coveredcalls
$NCLH BTC 5/15 20 call and STO 5/15 16 call at .65 credit.
Going long SBUX
Via short puts. Sold $SBUX 6/19 60 puts @ 1.90 with the stock at 71.61. Delta 19. Cost basis if assigned 58.10.
SPCE Earnings
#BullPutSpreads #Earnings – Jumping back into this one after stock getting called away over the weekend. Earnings not until tomorrow afternoon but with the stock down a little today I’m selling early.
Sold SPCE MAY 8 2020 19.0/16.0 Bull Put Spreads @ 1.80
ADS Roll Up Call
Bought to close 1 Bought ADS 05/08/2020 40.00 Covered Call / Sold 1 ADS 05/29/2020 42.00 Covered Call @ 0.30 Credit plus 2.00 point higher strike
ROKU BUPS Closed
#bups
$ROKU BTC 5/15 75/80 BUPS at .10. STO 4/6 @ 1.55. Thank you @ramie
UVXY June
Sold $UVXY 6/19 60/70 bear call spread @ 1.61
SPX 7-dte
#SPX7dteLong In the pre-market, sold to close $SPX May 6th 2940/2920 put spreads for 19.00. Condors bought for 17.55 last Wednesday. Profit already made, but will try to sell the 2950/2970 call spreads for a bit extra on any push higher.
Looking for the May 4th 2880/2860 put spread to expire today at full profit, 20.00.
REGN earnings analysis
#Earnings $REGN reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 6, 2020 BO +4.75%
Nov. 5, 2019 BO +6.93%
Aug. 6, 2019 BO +0.23%
May 7, 2019 BO -6.34% Biggest DOWN
Feb. 6, 2019 BO -3.43%
Nov. 6, 2018 BO +0.75%
Aug. 2, 2018 BO +6.99% Biggest UP
May 3, 2018 BO -1.25%
Feb. 8, 2018 BO -3.58%
Nov. 8, 2017 BO +2.66%
Aug. 3, 2017 BO -2.03%
May 4, 2017 BO +6.70%
Avg (+ or -) 3.80%
Bias 1.03%, positive bias on earnings.
With stock at 540.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 509.48 to 570.52 (+/- 5.7%)
Based on AVERAGE one-day move over last 12 quarters: 519.46 to 560.54
Based on MAXIMUM one-day move over last 12 Q’s (7.0%): 502.25 to 577.75
Based on DOWN max only (-6.3%): 505.76
NOTE: 5-day max moves are -9.1% and +9.9%.
Open to requests for other symbols.
BTO 5 ILMN CC May 8 $310 Net $304.48 Stock @$309.31
Lost stock to assignment on the weekend
CCL
Sold 1 CCL 05/08/2020 16.00 Covered Call @ 0.20
SLB
Sold SLB 05/08/2020 17.50 Covered Calls @ 0.12
Episode 5 – I Can’t Stand It
Online Offerings Overload, Extraction, The Lighthouse, The Beastie Boys Story, Fiona Apple, New Music Picks, Essential Picks, Listener NitPick // Find more details, links and playlists at http://thepickcast.com
Summary of Positions – IB
CVX Diagonal May 1 $85 to May 8 $90 Debit $2.66
DXCM – no action – May 15 Exp
EW Expired – Did not roll, write if stock strengthens
HAL Calendar May 1 $9 to May 8 $9 $.19 credit
PTON – Diagonal Up May 1 $31 to May 8 $32 $1.95 credit
ILMN Expired – Did not roll, Write if stock strengthens
STE – No action – May 15 Exp
T – Calendar May 1 $29.5 May 8 $29.5 $.32 credit
Eight of nine positions making money. One losing position is on medical supplies company that was granted temporary approval to re-sterilize N95 masks! Overall net profits still positive but dropped about $3,000 from Thursday to Friday. My Schwab account does not have 8 of 9 positive positions!
OptionsExpiration
Expired:
AAL 05/01/2020 15.00 Covered Calls
AGNC 05/01/2020 13.50 Covered Calls
CCL 05/01/2020 15.50 Covered Call
GLW 05/01/2020 23.00 Covered Call
SLB 05/01/2020 17.50 Covered Calls
SLB 05/01/2020 18.00 Covered Calls
SLV 05/01/2020 14.50 Covered Call
WFC 05/01/2020 32.00 Covered Call
AAL 05/01/2020 9.00 Put
VXX 05/01/2020 35.00 Covered Put
VXX 05/01/2020 34.50 Covered Put
No assignments
OXY Roll UP
Bought to close OXY 05/01/2020 17.50 Covered Calls / Sold OXY 05/08/2020 18.00 Covered Calls @ 0.41 Credit plus 0.50 Higher strike.
The stock closed at 15.24 today.
SPX 1dte
#SPX1dte Sold to Open $SPX May 4th 2695/2710-2930/2950 condors for 1.05, IV 22.5%, SPX 2833, deltas: -.04, +.04
GILD
Had a 87/77 BuPS for May1 got a bit dicy so I rolled it to next week for a 0.12 Cr, couple more rolls and I will have $0.0 risk
SPX 7dte Long
#SPX7dteLong Bought to Open $SPX May 8th 2810/2830-2840/2850 condors for 18.40, w/SPX at 2829.
TQQQ
#ShortPuts – Easy to roll and good premium. Adding one to May monthly.
Sold TQQQ MAY 15 2020 55.0 Put @ 2.21
VXX
BTO Jan 15 19 Put $1.46 adding to Position
TQQQ
#ShortPuts – Getting a little bounce so I’ll take it off for risk reduction…
Bought to Close TQQQ MAY 01 2020 65.5 Put @ 2.00 (sold for 5.20)
Cleared to rally now! 🙂 🙂
Quote of the day
Everybody realizes the US economy is in a bad spot. But most people still seem to believe it will bounce right back once we deal with the coronavirus… They’re all high on Federal Reserve fairy dust.
HPE rollout
Bought to close HPE 05/01/2020 9.50 Covered Call / Sold HPE 05/08/2020 9.50 Covered Call @ 0.22 Credit
AA rollout
Bought to close AA 05/01/2020 8.0 Covered Calls / Sold AA 05/08/2020 8.0 Covered Calls @ 0.20 Credit
AAL news
Analyst sets a $1 price target on American Airlines.
WDC news
Western Digital suspended their dividend.
Econ Calendar for week 0f 5/4/20
#Jobs report for April is Friday… it’ll be a doozy!
SPY
STO May 15, 240 put at .76 cents, small trade and my next add would be the 220 put.
TQQQ
STO May 15, 40 puts at .41 cents.
SPX 1-dte stopped
AMZN loss
#Earnings Bought to close $AMZN 2325/2320 put spreads for 4.70. Sold for 1.50 yesterday.
Finally, the market seems to be doing what it should have been doing for weeks… dropping. Of course it was right after I decided to take bullish earnings trades! At least I got out of TSLA, but saving a few pennies by dumping out before expiration on this one. Not sure if I’m going to roll or just accept the loss. Gotta deal with my threatened SPX puts for now.
Slipped out the door just in time
$TSLA trade closed with profit before the drop…. $AMZN not gonna work…
$TSLA drops after CEO Elon Musk says stock price is "too high." https://t.co/wb2mDn0Q4F
— CNBC (@CNBC) May 1, 2020
ASSIGNED ON 53 SDC MAY 1 $6. BTO 50 CC SDC MAY 8 $7.0 NET $6.40 STOCK AT $6.90
AMZN post-earnings
Sold $AMZN 5/15 2130/2150/2480/2500 iron condor @ 6.00 with the stock around 2300. Short strikes are at 18 delta. Credit received 30% of the width of the strikes.
VIAC rollup
Bought to close VIAC 05/01/2020 18.00 Covered Calls @ 0.01.
Sold VIAC 05/08/2020 19.00 Covered Calls @ 0.29 for next week with the strike a point higher.
TSLA closed
#Earnings Things looking a bit murky today, so closed $TSLA May 1st 720/715 put spreads for .30. Sold for 1.25 on Wednesday. Also have $AMZN put spread currently ATM.
Options Bistro 