#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! 🙂 🙂
Recent Updates Page 221
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.
#butterfly BA Sold June 19,…
#butterfly BA
Sold June 19, 115/125/125/130 put butterfly for 1.30 credit
#tastytradefollow
WFC
Bought 100 WFC / Sold 1 WFC 05/08/2020 28.50 Covered Call @ 27.47 Net debit.
Looking for my weekly $100
( the next ex-dividend date is on 05/07/2020 for 0.51 too )
#closing AAPL Bought May 15,…
#closing AAPL
Bought May 15, 260 put for 1.24, sold yesterday for 1.73.
Bought May 15 #ironcondor for .95, sold yesterday for 1.19
AAPL post-earnings
Sold $AAPL 6/19 275/265 bull put spread @ 2.61
AMD
Rolled $AMD May-01-2020 52 #ShortPuts // May-08-2020 @1.10 Credit.
Debated seeing how the day went and maybe taking assignment, kicked it to next week.
SPY
#ShortPuts – Selling outside the expected move and below the 50ma.
Sold SPY MAY 11 2020 270.0 Puts @ 2.07
Markets – prepare for the end of the Bear market rally
Stocks Scream To “Most Expensive Ever” In Greatest Month Since ’87
#bullputspreads TSLA Playing a bounce…
#bullcallspreads TSLA
Playing a bounce back bought a May 15, 775/780 call spread for 2.45 as I hope it continues down
#earnings #ironcondor AAPL Sold May…
#earnings #ironcondor AAPL
Sold May 15, 260/265/315/320 for 1.19
#earnings #closing TSLA Closed May…
AAPL Earnings
#ShortPuts #Earnings – Going out to the monthlies just above the 200ma.
Sold AAPL MAY 15 2020 265.0 Put @ 2.25
VXX – Covered put rolldown
Bought to close VXX 05/01/2020 35.50 Puts @ 0.09.
Sold them on 04/27 @ 0.12 and 0.31
Replaced them with short VXX 05/08/2020 34.00 Puts @ 0.45.
My long VXX Puts are out in Jan 2021 and are 25% fully paid for after about 10 days.
SPX 1-dte
#SPX1dte Sold to Open $SPX May 1st 2800/2820-2990/3010 condors for 1.30. IV 25.6%, SPX 2906, deltas -.07, +.04
Expiring: Apr 30th 2830/2850-3015/3035 condors, sold yesterday for 1.00.
AMZN put spread
#Earnings
Sold to Open $AMZN May 1st 2325/2320 put spreads for 1.50. With stock at 2430, that’s 4.3% OTM.
New CC on BCRX May 15 $4.00 net $3.26, stock @$3.84
TQQQ
#ShortPuts – Sold TQQQ MAY 15 2020 60.0 Put @ 2.47
WFC
for what it’s worth, 4 directors of WFC bought stock on 4/28.
I guess they wanted to get in at prices not seen since 2012.
Div yield is 6.8% and it goes X-div on 5/7
#earnings UAL Sold May 15,…
#earnings UAL
Sold May 15, 23.50/37 strangle for 1.00
#earnings #closing TSLA Sold May…
Sold May 15, 750/800 #bullcallspreads for 29.94, bought Tuesday for 23. Woulda coulda shoulda, decided to take the profit, 2 trades left.
ZM
BTO May 15 136/139 Calls $1.45
ZOOM #In-Out
CC on ET, Roll from $7.5 to $8 to $8.5 to $9 in 4 days! $.305 Div payable 05/05
CINF
Sold 1 May 15 2020 65.00 Put @ 1.70 with the stock at 67.10.
52-week low: 65.69
52-week high: 118.19
PNC Rollup
Bought to close 1 PNC 05/01/2020 98.0 Covered Call / Sold 1 PNC 05/08/2020 99.0 Covered Call @ 0.05 Credit.
With the stock at 106 I’ll risk holding on one more week for an extra $100.
Fitch Affirms PNC Financial at ‘A+/F1’; Outlook Stable Despite Coronavirus Impact
#shortputs FEYE Sold May 15,…
#shortputs FEYE VFC
FEYE Sold May 15, 11 put for .39
VFC Sold May 15, 50 put for .80. Earnings May 15
#closing #bullcallspreads TSLA Sold May…
#closing #bullcallspreads TSLA
Sold May 1, 720/730 call spread for 9.92, bought April 14 for 4.47
ZM
Rolled $ZM 130/140 May-1-2020 #BuPS // May-08-2020 @0.70 Credit.
I probably should have closed it out yesterday with a small loss.
TQQQ
#CoveredCalls – Another roll…
Rolled TQQQ MAY 08 2020 52.0 Call to JUN 19 2020 56.0 Call @ .10 debit (1.40 premium received now)
TSLA
#CoveredCalls – Using call premium received to finance the roll. I can do it about 7 more times assuming no pullback in the stock. Picking up 7.00 of upside…
Rolled TSLA MAY 01 2020 500.0 Call to JUN 19 2020 510.0 Call @ 3.00 debit (total premium now 22.00)
New 100 CC SDC May 8 $7 for net $6.50, Stock was at $7.04
TQQQ
STO May 22, 50 puts at 1.25, This is a small position and will add at lower strike prices if we get another down move. The volatility and premiums are high.
CINF Covered Call
Bought 100 Shares of CINF / Sold 1 CINF 05/15/2020 65.0 Covered Call @ Net Debit of $63.80
Filled at $67.68 on the stock.
ADS
Got a strange assignment overnight. Sold 100 of my 300 ADS shares when my 05/01/2020 45.0 Covered call was assigned. Interestingly I was not assigned on the strike 41.0 call expiring tomorrow.
AAPL earnings analysis
#Earnings $AAPL reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 28, 2020 AC +2.09%
Oct. 30, 2019 AC +2.26%
July 30, 2019 AC +2.04%
April 30, 2019 AC +4.90%
Jan. 29, 2019 AC +6.83% Biggest UP
Nov. 1, 2018 AC -6.63% Biggest DOWN
July 31, 2018 AC +5.89%
May 1, 2018 AC +4.41%
Feb. 1, 2018 AC -4.33%
Nov. 2, 2017 AC +2.61%
Aug. 1, 2017 AC +4.72%
May 2, 2017 AC -0.30%
Avg (+ or -) 3.92%
Bias 2.04%, strongly positive bias on earnings.
With stock at 292.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 279.77 to 305.23 (+/- 4.4%)
Based on AVERAGE one-day move over last 12 quarters: 281.04 to 303.96
Based on MAXIMUM one-day move over last 12 Q’s (6.8%): 272.52 to 312.48
Based on DOWN max only (-6.6%): 273.11
Open to requests for other symbols.
AMZN earnings analysis
#Earnings $AMZN reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 30, 2020 AC +7.37%
Oct. 24, 2019 AC -1.09%
July 25, 2019 AC -1.55%
April 25, 2019 AC +2.54%
Jan. 31, 2019 AC -5.38%
Oct. 25, 2018 AC -7.81% Biggest DOWN
July 26, 2018 AC +0.51%
April 26, 2018 AC +3.60%
Feb. 1, 2018 AC +2.87%
Oct. 26, 2017 AC +13.21% Biggest UP
July 27, 2017 AC -2.48%
April 27, 2017 AC +0.71%
Avg (+ or -) 4.09%
Bias 1.04%, positive bias on earnings.
With stock at 2430.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 2276.91 to 2583.09 (+/- 6.3%)
Based on AVERAGE one-day move over last 12 quarters: 2330.53 to 2529.47
Based on MAXIMUM one-day move over last 12 Q’s (13.2%): 2109.00 to 2751.00
Based on DOWN max only (-7.8%): 2240.22
Open to requests for other symbols.
GUSH
On 3/10 I bought 200 GUSH just under 1.00 and sold 2 March GUSH Covered Calls for $60 in total premium for a 30% reduction in breakeven.
After the reverse split I’ve now dumped my (5) GUSH shares @ $42.20 and added a bit more to the profit.
Glad to be out 🙂
TSLA Earnings
#ShortPuts #Earnings – Bought to Close TSLA MAY 15 2020 525.0 Put @ .90 (sold for 3.40)
FB Earnings
#Earnings #JadeLizards – Beer money…
Bought to Close FB MAY 1 2020 185.0/200.0/202.5 Jade Lizard @ 2.02 (sold for 3.05)
SPX 7-dte closed
#SPX7dteLong Yesterday an hour before market close,
Sold to close $SPX May 1st 2840/2860 call spreads for 18.40.
This morning, half hour before the open,
Sold to close May 1st 2830/2810 put spreads for 1.20.
Condors bought last Friday for 18.05, sold this week for 19.60.
Assigned on 87 of 100 SDC $5.50 Calls. 15% in 35 days.
Would have preferred to roll out and up later in the week…but happy with the profitability of the trade. Probably replace the shares today and sell May 8 $6.50.
The #coveredcalls #SDC
TSLA Earnings
#ShortPuts #Earnings – Hesitated posting this because it could be crazy. I’ve got a DITM covered call in this thing that’s going to need a pullback to help with the roll. What’s a great way to get a pullback? Add a (sort of) long position… 🙂 Closed a bunch of SPY this week so have some spare buying power but this does get me overweight in this ticker.
Going out to May monthly selling twice the expected move and down where my covered call got run over…
Sold TSLA MAY 15 2020 525.0 Put @ 3.40
GUSH
sold 2 for $40.00 still holding 2
What a move
SPX 7-dte long
#SPX7dteLong Bought to Open $SPX May 6th 2920/2940-2950/2960 condors for 17.60. (SPX at 2945)
SPX 1dte
#SPX1dte Sold to Open $SPX Apr 30th 2830/2850-3015/3035 condors for 1.00, IV 23.5%, SPX 2842, deltas -.05, +.05.
CCL Put / SPY Close Put
#shortputs
$CCL STO 5/1 15.50 put at .40
$CCL STO 5/15 16 put at 1.35
$SPY BTC 5/1 267.50 put at .04. STO 4/24 at 1.90 @fuzzballl rocks
ZM – News
Know a couple people had some ZM holdings.
Headline pretty much says it all:
https://www.thestreet.com/investing/zoom-shares-fall-6-percent-as-google-makes-videoconferencing-free-for-up-to-100-people
Am sitting on a May-01-2020 130/140 #BuPS, which is down 40c from where I sold it. Debating closing or rolling. Have a feeling its going to be a nail-biter for this week.
FB Earnings
#Earnings #JadeLizards – Throwing a lizard out there for fun.
Sold FB MAY 1 2020 185.0/200.0/202.5 Jade Lizard @ 3.05
SPX calls stopped
#SPX1dte Bought to close $SPX Apr 29th 2960/2980 call spreads for 2.00. Condors sold yesterday for 1.10.
JPM
#ShortPuts – Booking a couple weeks early…
Bought to Close JPM MAY 8 2020 85.0 Puts @ .15 (sold for 1.20)
Closing TQQQ for an overall profit
Bought to close $TQQQ 5/15 65 puts @ 3.60
Original sale: 4/17 65 puts for 2.40 on 2/25
Rolled out to 5/15 65 puts for 1.70 credit on 3/31
Overall profit per contract: .50
Feeling lucky to get out for a profit considering how deep in the money these were in March.
SPY
Sold my highest cost lots of SPY @ 291.59 on the open and @ 294.09 just now.
The average cost for my remaining position is 246.13.
DXCM Covered Call Roll Up
Rolled 30 May 15 $290 Calls, 10 to $310, 10 to $320, 10 to $330
Stock fell $20 yesterday going into earnings. Positive call, great numbers in Q1. Stock up $28 to $341. Still conservative on the calls but more upside than sitting at $290.
HTZ
HTZ
Hertz Bankruptcy Imminent After Massive Layoffs, Missed Lease Payment.
If a sufficient amount of creditors don’t agree to waive any default by the end of the grace period, “Hertz could be materially and negatively impacted” the company said.
TSLA put spread
#Earnings Sold to Open $TSLA May 1st 720/715 put spreads for 1.25, when stock is at 787.00. -8.5% OTM. Frankly, I’m too nervous to sell the call side. In October, it was up 17.7% after one day, but 28.8% after 3 days.
AMD
am sitting on my Dbl Cal @56 watching have a good chance for a nice profit!!
GUSH – WOW
Bought it before the down turn was deep in the hole now it is profitable?????????????
TSLA earnings analysis
#Earnings $TSLA reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 29, 2020 AC +10.29%
Oct. 23, 2019 AC +17.66% Biggest UP
July 24, 2019 AC -13.61% Biggest DOWN
April 24, 2019 AC -4.26%
Jan. 30, 2019 AC -0.56%
Oct. 24, 2018 AC +9.13%
Aug. 1, 2018 AC +16.18%
May 2, 2018 AC -5.54%
Feb. 7, 2018 AC -8.62%
Nov. 1, 2017 AC -6.79%
Aug. 2, 2017 AC +6.50%
May 3, 2017 AC -5.00%
Avg (+ or -) 8.68%
Bias 1.28%, positive bias on earnings.
With stock at 792.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 705.26 to 878.74 (+/- 11.0%)
Based on AVERAGE one-day move over last 12 quarters: 723.27 to 860.73
Based on MAXIMUM one-day move over last 12 Q’s (17.7%): 652.13 to 931.87
Based on DOWN max only (-13.6%): 684.21
Open to requests for other symbols.
FB earnings analysis
#Earnings $FB reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 29, 2020 AC -6.13%
Oct. 30, 2019 AC +1.80%
July 24, 2019 AC -1.93%
April 24, 2019 AC +5.84%
Jan. 30, 2019 AC +10.81% Biggest UP
Oct. 30, 2018 AC +3.80%
July 25, 2018 AC -18.96% Biggest DOWN
April 25, 2018 AC +9.06%
Jan. 31, 2018 AC +3.31%
Nov. 1, 2017 AC -2.04%
July 26, 2017 AC +2.91%
May 3, 2017 AC -0.62%
Avg (+ or -) 5.60%
Bias 0.65%, positive bias on earnings.
With stock at 194.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 181.69 to 206.31 (+/- 6.3%)
Based on AVERAGE one-day move over last 12 quarters: 183.13 to 204.87
Based on MAXIMUM one-day move over last 12 Q’s (19.0%): 157.22 to 230.78
Based on UP max only (+10.8%): 214.97
Open to requests for other symbols.
Final tiny trades
Sold OXY 05/01/2020 17.50 Covered Calls @ 0.08
Sold AAL 05/01/2020 15.00 Covered Calls @ 0.06.
Sometimes you just have to take what the market will give you.
I would likely accept assignment and these strikes.
SPX 1-dte
#SPX1dte Sold to Open $SPX Apr 29th 2765/2785-2960/2980 condors for 1.10, IV 25%, SPX 2882, deltas -.05, +.05.
Extra expiration on Thursday (end-of-month) so this starts four straight days of 1-dte.
