STC Mar 13 137/135 Puts BePS $1.50 bought 2-12-20 for .90
Recent Updates Page 216
HD
BTO Mar 20 237.5/240.00 Calls $1.22
SPX 1-dte
#SPX1dte Sold $SPX Feb 26th 2970/2990-3220/3240 condors for 1.30. IV: 33.19%, SPX 3140, deltas -.06, +.07.
SPY
STC SPY Feb 28 326/320 Beps $5.00 bought 2-4-20 $1.28 as a hedge profit 368.00 per
DRIP
#ShortCalls #BearCallSpreads – Only have one contract but it’s really annoying so rolling to ITM with defined risk.
Rolled 1 DRIP JUN 19 2020 160.0 Call to 2 DRIP SEP 18 2020 100.0/150.0 Bear Call Spreads @ 3.75 credit
UVXY
#BearCallSpreads – A little nearer term. Staying small in case a roll is needed…
Sold UVXY APR 15 2020 20.0/30.0 Bear Call Spreads @ 1.80
SPY
#ShortPuts – Going out and down for the next sale…
Sold SPY JUN 19 2020 290.0 Put @ 7.05
#shortcallspreads DRIP Joining the DRIPster…
#shortcallspreads DRIP
Joining the DRIPster HIPsters, sold a June 175/185 call spread for 2.08.
Thanks guys
#earnings #closing DE Feb. 20…
Feb. 20 sold a 150/155/175/180 #ironcondor for 1.76. DE went as high as 182 before coming back down the last 2 days. I bought the IC today for 1.67.
ROKU
Rolled $ROKU Mar-6-2020 110/120 #BuPS // Mar-13 @0.00.
TC2000 indicator update
For those of you that follow these:
T2108 (% stocks above their 40 day moving average): 26.56
T2122 (4 wk new high/new low ratio): 1.85
UVXY adding
#VXXGame Sold $UVXY April 17th 19 calls for 2.75. Keeping more longs than shorts, but they are in an earlier expiration.
DRIP adding
Sold $DRIP 3/20 186 call @ 7.00. Highest strike in March.
DRIPping upward
#ContangoETFs Sold $DRIP March 20th 186 calls for 6.35
#earnings #putratiospread SPCE Sold March…
#earnings #putratiospread SPCE
Sold March 20, -26/-26/+30 ratio spread for .88
TQQQ
STO April 60 puts at 1.95
TQQQ
#ShortPuts – Sold TQQQ APR 17 2020 65.0 Put @ 2.40
TQQQ Put
STO 28 Feb 90P for 2.12
NUGT Put Rolled
#shortputs
BTC 2/28 31 put and STO 3/20 3 put at added 1.22 credit
ROKU
STO March 20, 150 calls at .66
GILD
#ShortPuts – Taking the rest of this off since it looks like it’s running out of steam…
Bought to Close GILD MAR 13 2020 65.0 Puts @ .44 (sold for 1.34)
#earnings CRM Sold March 20,…
#earnings CRM
Sold March 20, 165/210 strangle for 2.30
SPCE Earnings
#BullPutSpreads #Earnings – Selling slightly in the money. If I get lucky and the stock goes up it’ll be a nice winner. On the other hand, no matter how far it drops I’ll own stock about 1.70 below my basis which can be more than made up in one week of call selling with the extreme premium on this thing.
Sold SPCE FEB 28 2020 41.0/36.0 Bull Put Spreads @ 3.30
New highest strikes for DRIP
Sold $DRIP 3/20 186 call @ 3.50
PANW post-earnings
Sold $PANW 3/20 190/180 bull put spread @ 1.65 with the stock around 201. IV still high (IV rank 55).
UVXY
#BearCallSpreads – First time in this expiration…
Sold UVXY SEP 20 2020 20.0/30.0 Bear Call Spreads @ 1.40
Largest gap open since 2014
#VIXindicator As I said below, this is the first time I’ve had an open gap breach a short strike on the #SPX1dte strategy, which I started in December 2018. Today’s SPX open price was 2.40% below Friday’s close price.
It got me thinking, how often has that happened?
Well, it used to happen fairly frequently, when the SPX price was below 2000. It happened on a fairly steady basis up into 2014.
But the last time it happened was April 10, 2014, when it opened at 1,830.65 (-2.22%). Since then, today was the ONLY day that SPX gapped 2% or more.
Needless to say a Downside Warning fired today as well.
SPX 1-dte
#SPX1dte Bad day. Full loss on 3265/3245 put side. Wipes out about 7 weeks of gains on this strategy. As I said earlier, this was the first time in my 15 months of using this strategy that the open gapped past a short strike. There were some chances to get out for $9 or $10 but I gambled that the situation from there would improve. It didn’t.
LABU
STO March 13, 45 put at 2.00
GILD
#ShortPuts – Looking to load up again on some weakness…
Bought to Close GILD MAR 06 2020 65.0 Puts @ .15 (sold for .92 and 1.30)
UVXY
#BearCallSpreads – New sales at higher strikes…
Sold UVXY JAN 19 2021 25.0/35.0 Bear Call Spreads @ 1.11
NVDA
Rolled $NVDA Feb 28 2020 285/295 #BuPS // Mar-20-2020 @Net Debit of 1.35. Was STO 2/20 @1.4 credit, so this will be barely breakeven if things recover by then.
#DRIP Probably a bad idea,…
Probably a bad idea, but…
STO DRIP Sep18’20 160 CALL@$27.80
I appreciate your suggestions with…
I appreciate your suggestions with this down market I have 3280/3300 BuPS expiring today, now it down in under water, it is currently at $20, what is the best action avoiding losing the $20/contract? I appreciate your input.
VXX gaming
#VXXGame Sold $UVXY March 20th 16 calls for 2.25 (against long 25’s and 30’s)
Sold $VXX March 20th 18 calls for 1.64 (against long 25’s and 27’s)
TSLA closed
BTC $TSLA Feb 28th 1100 #ShortCalls for 1.00. Sold for 5.00 on 2/13. Wish I would have sold for $11.00 plus that they hit last week!
STNE
BTC March 13, 39.5 put at 2.00, sold at 2.05
SHAK earnings analysis
#Earnings $SHAK reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Nov. 4, 2019 AC -20.63% Biggest DOWN
Aug. 5, 2019 AC +18.24% Biggest UP
May 2, 2019 AC -4.30%
Feb. 25, 2019 AC +0.42%
Nov. 1, 2018 AC -13.88%
Aug. 2, 2018 AC -11.88%
May 3, 2018 AC +18.01%
Feb. 15, 2018 AC -7.71%
Nov. 1, 2017 AC -3.36%
Aug. 3, 2017 AC -5.45%
May 4, 2017 AC +9.20%
March 1, 2017 AC -2.63%
Avg (+ or -) 9.64%
Bias -2.00%, negative bias on earnings.
With stock at 74.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 63.23 to 84.77
Based on AVERAGE one-day move over last 12 quarters: 66.86 to 81.14
Based on MAXIMUM one-day move over last 12 Q’s (20.6%): 58.73 to 89.27
Based on UP max only (+18.2%): 87.50
Note: FIVE-day max moves are -26.30% and +25.21%. In most cases, SHAK continued in the same direction in the days following earnings.
Open to requests for other symbols.
SOXL TQQQ
First day of trading for April. Guess the big move caught them by surprise. Stocks are both well below the lowest put strikes. Hopefully more tomorrow.
PANW earnings analysis
#Earnings $PANW reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Nov. 25, 2019 AC -11.95%
Sept. 4, 2019 AC +5.76%
May 29, 2019 AC -5.11%
Feb. 26, 2019 AC +8.20%
Nov. 29, 2018 AC -1.76%
Sept. 6, 2018 AC +3.28%
June 4, 2018 BO -0.52%
Feb. 26, 2018 AC +2.31%
Nov. 20, 2017 AC +4.82%
Aug. 31, 2017 AC +10.53%
May 31, 2017 AC +17.20% Biggest UP
Feb. 28, 2017 AC -24.15% Biggest DOWN
Avg (+ or -) 7.97%
Bias 0.72%, small positive bias on earnings.
With stock at 237.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 219.01 to 254.99
Based on AVERAGE one-day move over last 12 quarters: 218.12 to 255.88
Based on MAXIMUM one-day move over last 12 Q’s (24.2%): 179.76 to 294.24
Based on UP max only (+17.2%): 277.76
Note: FIVE-day max moves are -23.93% and +18.49%, so not much difference.
Open to requests for other symbols.
SPY
#ShortPuts – Starting out with selling around the 200ma. It looks a long way down to it but nothing would surprise me…
Sold SPY APR 17 2020 310.0 Put @ 5.20
Sold SPY MAY 15 2020 300.0 Put @ 4.65
NTAP
#CoveredCalls – Only stock I ended up with during this earnings season…
Bought to Close NTAP FEB 28 2020 54.0 Calls @ .05 (sold for 1.35)
Sold NTAP MAR 20 2020 51.0 Calls @ 1.39
UVXY
#BearCallSpreads – New position in a different account…
Sold UVXY JUN 19 2020 20.0/30.0 Bear Call Spreads @ 1.16
ROKU
#ShortStrangles – Rolling call side down to the expected move and at a lot of resistance.
Rolled ROKU MAR 20 2020 145.0 Call to MAR 20 2020 130.0 Call @ 2.05 credit (7.25 total now)
ULTA
#ShortPuts – No big hurry on this one. Stopped out and looking for a re-entry at some point.
Bought to Close ULTA MAR 6 2020 277.5 Put @ 2.65 (sold for 2.85)
UVXY
#BearCallSpreads – Adding a little and closed the rest of another one.
Sold UVXY JUN 19 2020 15.0/25.0 Bear Call Spreads @ 1.80
Sold UVXY JUN 19 2020 20.0/30.0 Bear Call Spreads @ 1.12
Taking a little more of the nearer term off…
Bought to Close UVXY MAR 20 2020 20.0/30.0 Bear Call Spreads @ .75 (sold for 1.17)
Expirations / Rolls / Assignments Oh My!
#optionsexpiration
$HLF 37 put (earnings) Thank you @jeffcp66
$OLED 165/170 BUPS Thank you @jeffcp66
$MRVL 30 call
$TSLA 690/700 BECS Total Loss Don’t ask
$QCOM 85/95 BUCS BTO at 4.72 STC 1.80
#coveredcalls
$NUGT BTC 2/28 33 call and STO /20 36 at .58 debit.
#assignment
$SAVE 45 put
$CVS 75 put
Take care everyone.
#optionsexpiration OX $ENPH Feb 21…
OX $ENPH Feb 21 27.5 #shortputs STO for 1.02 on 1/6/2020
OX $TSLA Feb 21 1000 Calls – STO Yesterday @2.00
OX $OSTK Feb 21 9.5 #CoveredCalls STO for 0.25 on 2/6/2020
OX $T Feb 21 40 #CoveredCalls. STO 1/02/2020 @0.5.
MSFT
STO April 17, 150 put at 1.04
SPX 1-dte
#SPX1dte Sold to Open $SPX Feb 24th 3245/3265-3375/3395 condors for 1.40. IV: 11.58%, SPX 3331, deltas -.07, +.07
Expiring: Feb 21st 3295/3315-33405/3425 condors, sold yesterday for .80
DRIP
#BearCallSpreads #ShortCalls – Changing up my strateegery in this one to be more of a scalping play similar to others here on the forum. Swapping more call spreads for less (and higher) naked calls.
Bought to Close DRIP MAR 20 2020 140.0/160.0 Bear Call Spreads @ 2.48 (sold for 2.25)
Rolling that small loss into this one:
Sold DRIP JUN 19 2020 160.0 Call @ 10.40
UVXY
#BearCallSpreads – Adding to previous sales at slightly higher premiums…
Sold UVXY JUN 19 2020 15.0/25.0 Bear Call Spreads @ 1.40
OLED closed
#Earnings Bought to close $OLED Feb 21st 170/165 put spreads for .55. Sold yesterday fr 1.75.
LABU TNA TQQQ
#ShortPuts – Adding and starting….
LABU: Adding here.
Sold LABU MAR 20 2020 45.0 Put @ 1.23
TNA: Starter position.
Sold TNA MAR 27 2020 60.0 Put @ 1.30
TQQQ: Starter position.
Sold TQQQ MAR 27 2020 80.0 Put @ 1.50
LABU, NUGT
LABU, STO March 13, 47.5 put at 1.30
NUGT, STO June 19, 52 call at 3.20, following Ramie
Bad TICK
Today we hit the lowest NTSE $TICK reading since last August. Maybe correction time?
Econ Calendar for week of 2/24/20
Link to calendar: https://research.investors.com/economic-calendar/
Going back into NUGT calls
My first position shorting calls in quite a while. Sold $NUGT 6/19 52 call @ 3.00. Highest strike in June. Starting slowly.
Sep DRIP
Sold $DRIP 9/18 160 call @ 17.00. Highest strike.
UVXY
#BearCallSpreads – Setting up my call spreads to finance the next put roll. Puts are at 19 and 21 so selling 15/25 spreads around them to go with the existing 20/30s.
Sold UVXY JUN 19 2020 15.0/25.0 Bear Call Spreads @ 1.25
UVXY
#ShortPuts #BearCallSpreads – Still have some annoying ITM short puts so using the little spike to get a slightly better roll price. Financed with call spreads I had them bracketed with. As long as UVXY hangs between 10-15 I’ll be able to continue rolling. When the next reverse split is announced I’ll roll them as far out and down as I can and then continue selling against them.
Rolled UVXY MAR 20 2020 21.0 Puts to JUN 19 2020 19.0 Puts @ .47 debit
Rolled UVXY MAR 20 2020 23.0 Puts to JUN 19 2020 21.0 Puts @ .65 debit
Completely paid for by closing half this position. I’ll hold the other half for my time and trouble…LOL
Bought to Close UVXY MAR 20 2020 20.0/30.0 Bear Call Spreads @ .26 (sold for 1.17)
NVDA 3/20
Sold $NVDA 3/20 270 put @ 4.20
OLED Earnings
#JadeLizards #Earnings – You never know what the next headline will be so taking this off now. Actually closed put side and will let calls expire…
Bought to Close OLED FEB 21 2020 157.5/185.0/187.5 Jade Lizard @ .35 (sold for 2.75)
ROKU
#ShortStrangles – Just messing around with this one contract 120/190 strangle. Rolling call side down to reduce deltas by half.
Rolled ROKU MAR 20 2020 190.0 Call to MAR 20 2020 145.0 Call @ 1.70 credit (5.20 total now)
TSLA
BTC February 28, 550/1300 strangle at 1.85, sold at 3.65, Trying to move more into cash because I think the Corona virus is worse than what is being reported.
NUGT rising
#ContangoETFs Sold to Open $NUGT Sept 52 calls for 4.80.
SEDG NVDA TSLA
SPX 1-dte
#SPX1dte Sold to open $SPX Feb 21st 3295/3315-3405/3425 condors for .80, IV: 11.99%, SPX 3371, deltas -.06, +.05
KOLD
#BearCallSpreads – Got aggressive to get out of this one this morning. Glad I did….it’s been underwater from almost the minute I sold it.
Bought to Close KOLD FEB 21 2020 45.0 Call @ 1.70 (sold 45/53 @ 1.77)
NVDA
#ShortPuts – Missed the bigger down move this morning but take what I can get…
Sold NVDA Mar 13 2020 280.0 Put @ 2.74
OLED Earnings
#JadeLizards #Earnings – Selling the put with breakeven outside the expected move.
Sold OLED FEB 21 2020 157.5/185.0/187.5 Jade Lizard @ 2.75
OLED put spread
#Earnings A bullish position for a stock that has bullish tendency on earnings.
Sold to Open $OLED Feb 21st 170/165 put spreads for 1.70.
#earnings DE Sold March 20,…
#earnings DE
Sold March 20, 150/155/175/180 #ironcondor for 1.76. Thanks for the data Jeff.
NVDA
STO April 3, 270 put at 4.35
Trimming DRIP
Bought to close 3/20 140 call @ 1.95. Sold for 4.30 on 1/24.
Options Bistro 