Bought 1 VXX Jan 15 2021 21.00 Put @ 1.99.
Bought 1 VXX Jan 15 2021 16.00 Put @ 0.75
The strike is a point closer to the stock than my first buy for the same money.
I re-invested the proceeds of my ADS covered calls into these.
Recent Updates Page 223
ADS covered call ladder
Sold 1 ADS 05/01/2020 45.00 Covered Call @ 0.75.
Sold 1 ADS 05/15/2020 50.00 Covered Call @ 0.75.
Sold 1 ADS 05/22/2020 48.00 Covered Call @ 1.05.
The stock is at 40 after it’s earnings report.
“Alliance Data Systems (ADS) said Thursday that it booked Q1 core earnings of $0.75 per share, which is significantly down from $3.79 in the same period last year. Analysts surveyed by Capital IQ were looking for EPS of $3.84.
Revenue increased to $1.38 billion from $1.33 billion in the prior-year quarter. The CapIQ-compiled consensus view was for revenue of $1.31 billion.
The data-driven marketing and customer loyalty solutions provider said that it increased its provision for loan losses by $404 million, attributing over $300 million of the increase to the economic impact of the COVID-19 crisis.
Alliance said that it expects cost reduction measures to result in $150 million in savings, which will be recognized in FY2020. The company also suspended share buybacks and reduced the quarterly dividend to $0.21 per share, down from the prior distribution of $0.63, payable on June 1 to stockholders of record on May 14.”
GUSH
I was able to dump the GUSH that was put to me on the exercise of the March 1.00 short puts at a gain.
Sold GUSH @ 29.20 yesterday.
BX Puts Closed / TWTR Calls Rolled / AMD Puts
#shortputs
$BX BTC 4/24 45 puts at .15 STO 4/8 at 2.02
$AMD STO 4/24 55 puts at .50
#coveredcalls
$TWTR BTC 4/24 28 calls and STO 5/1 31.50 calls at credit of .23 Stock at 28.54
AAL Neutralized my entire stock/option…
AAL Neutralized my entire stock/option positions, just in case earnings are tomorrow.
AAL Earning tomorrow morning. Since…
AAL Earning tomorrow morning. Since we already know that earnings will be down, because of CV, I feel that, it already has been baked into the price, but still conflicted over weather to hold over earnings, something I never do. Anybody????
SKX earnings analysis
#Earnings $SKX reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 6, 2020 AC +4.05%
Oct. 22, 2019 AC -3.36%
July 18, 2019 AC +11.96%
April 18, 2019 BO -10.43%
Feb. 7, 2019 AC +15.19%
Oct. 18, 2018 AC +13.78%
July 19, 2018 AC -20.99%
April 19, 2018 AC -27.04% Biggest DOWN
Feb. 8, 2018 AC +7.54%
Oct. 19, 2017 AC +41.44% Biggest UP
July 20, 2017 AC +0.67%
April 20, 2017 AC -2.56%
Avg (+ or -) 13.25%
Bias 2.52%, positive bias on earnings.
With stock at 25.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 21.80 to 28.20 (+/- 12.8%)
Based on AVERAGE one-day move over last 12 quarters: 21.69 to 28.31
Based on MAXIMUM one-day move over last 12 Q’s (41.4%): 14.64 to 35.36
Based on DOWN max only (-27.0%): 18.24
Open to requests for other symbols.
#coveredcallsDUST Was long 10,700 shares…
#coveredcallsDUST
Was long 10,700 shares DUST.
This morning DUST did a 1 for 25 reverse split.
What happens to my 8 May 20 2.00 call which I sold a few days ago? T.O.S. has is as a 2.oo call not a 50.00 call (2 x 25)
I’ve never held options when an underlying split.
Do I need to be concerned?
Thanks
SPXpire and new trade strategy
#SPX1dte Expired: $SPX Apr 22nd 2595/2615-2840/2860 condors, sold yesterday for 1.25.
Something I’ve been trying for a couple weeks but haven’t yet shared because it was in “test phase”… since volatility is here to stay for awhile, I have been buying one-week-out ATM condors with only 10-points between the shorts. The idea is that the market moves, and we most likely will be higher or lower a week from now.
So far it worked five times in a row… then the 6th one today was the first loss! But I’m going to stick with it as long as it continues to work and volatility is with us.
Today’s closing trade:
Last Wednesday, bought to Open $SPX Apr 22nd 2760/2780-2790/2810 condors for 18.35. (opening price has consistently been 18.25-18.40)
Today, sold to close the put side for 3.50 at 9:49am PT. Call side expired at 8.02. Total credit 11.52, so 6.80 loss.
All of the other ones I have done have either expired for 20.00, or closed a day or more early for 19.00+.
It is difficult to have much control over these trades unless you wish to go for pure speculation and leg out on ups and downs during the week. Otherwise you are at the mercy of the market on expiration day. Today was a bit nerve-wracking because SPX hovered in my dead zone for most of the morning. When it started trending upward, I took the profit on put side (first time I have legged out). Call side looked to be a 100% winner until the last 5 minutes, when it quickly turned from a 5.15 winner to a 6.80 loser. If I had exited before the drop i probably could have gotten 17.00 or so maximum, since the short 2810 call kept a lot of value until the last couple minutes of the day.
Bought to Open $SPX Apr 29th 2780/2800-2810/2830 condors for 18.40.
Also currently holding
Apr 24th 2820/2840-2850/2870
Apr 27th 2810/2830-2840/2860
#shortputs HTZ Bottom feeding sold…
#shortputs HTZ
Bottom feeding sold May 1, 4 put for .42
NVTA Call
#coveredcalls
$NVTA STO 5/15 20 call at .45
PTON CC Apr 24 $31 Net $30.14
#shortputs #closing EWZ XOM EWZ…
#shortputs #closing EWZ XOM
EWZ bought May 1, 22 put for .24, sold for .57 on April 15, still have June 19, 20 put.
XOM bought May 1, 35 put for .34, sold for .67 on April 15.
SPY
#ShortPuts – Keeping the rolling 7 day ladder going…
Bought to Close SPY APR 22 2020 272.0 Puts @ .03 (sold for 1.45)
Sold SPY APR 29 2020 267.0 Puts @ 2.04
#shortputs CCL Sold April 24,…
#shortputs CCL
Sold April 24, 11.50 put for .40
#closing USO Bought May 15,…
#closing USO
Bought May 15, 2 put for .35, sold yesterday for .54
LRCX earnings analysis
#Earnings $LRCX reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 29, 2020 AC +4.26%
Oct. 23, 2019 AC +13.90%
July 31, 2019 AC -1.36%
April 24, 2019 AC +4.93%
Jan. 23, 2019 AC +15.69% Biggest UP
Oct. 16, 2018 AC +1.31%
July 26, 2018 AC +7.19%
April 17, 2018 AC -4.03%
Jan. 24, 2018 AC -4.99% Biggest DOWN
Oct. 17, 2017 AC +3.05%
July 26, 2017 AC -2.12%
April 18, 2017 AC +6.85%
Avg (+ or -) 5.81%
Bias 3.72%, strongly positive bias on earnings.
With stock at 260.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 234.20 to 285.80 (+/- 9.9%)
Based on AVERAGE one-day move over last 12 quarters: 244.90 to 275.10
Based on MAXIMUM one-day move over last 12 Q’s (15.7%): 219.21 to 300.79
Based on DOWN max only (-5.0%): 247.03
Open to requests for other symbols.
CC’s into back of Week
CVX 24APR2020 85 C
EW 24APR2020 220 C
HAL 24APR2020 7.5 C
ILMN 24APR2020 315 C
SDC 24APR2020 4.5 C
T 24APR2020 31 C
Had DXCM CC’s pulled away on Tuesday.
NFLX earnings analysis
#Earnings $NFLX reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 21, 2020 AC -3.58%
Oct. 16, 2019 AC +2.46%
July 17, 2019 AC -10.27% Biggest DOWN
April 16, 2019 AC -1.31%
Jan. 17, 2019 AC -3.98%
Oct. 16, 2018 AC +5.28%
July 16, 2018 AC -5.24%
April 16, 2018 AC +9.18%
Jan. 22, 2018 AC +9.97%
Oct. 16, 2017 AC -1.57%
July 17, 2017 AC +13.54% Biggest UP
April 17, 2017 AC -2.64%
Avg (+ or -) 5.75%
Bias 0.99%, positive bias on earnings.
With stock at 435.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 385.03 to 484.97 (+/- 11.5%)
Based on AVERAGE one-day move over last 12 quarters: 409.98 to 460.02
Based on MAXIMUM one-day move over last 12 Q’s (13.5%): 376.10 to 493.90
Based on DOWN max only (-10.3%): 390.33
Open to requests for other symbols.
SPX 1-dte
#SPX1dte Sold to Open $SPX Apr 22nd 2596/2615-2840/2860 condors for 1.25, IV 36%, SPX 2736, delats -.05, +.05
LATE IN THE DAY TRADES:
CCL STO 4/24/20 13.0 CALL@.30 To complete a #covered call strangle, 12.0 Put, 12.37 Stock.
AAL STO 5/1/20 10.0 PUTS @.63
AAL STO 5/1/20 10.5 PUTS @.78 Sorry I did these AAL trades, earnings this Friday. We will see.
NFLX Jeff can you please…
NFLX
Jeff can you please post the earnings evaluation? Thanks
HPE
Bought 100 HPE / Sold 1 HPE 04/24/2020 9.50 Covered Call @ 8.97 Net debit..
Earnings and the next dividend(5%) are not for a while. I’ll add more on further weakness.
RAD DDOG Calls
#coveredcalls
$RAD STO 4/24 14 calls at .40
$DDOG STO 5/15 42 calls at 1.90
TQQQ longs closed
STC $TQQQ Jan 2021 90 calls for 6.50. Bought for 2.50 on March 16th
STC $TQQQ Jan 2021 85 calls for 7.80. Bought for 1.90 on March 27th
I will enter these again when market drops further.
#shortputs #coveredcalls USO HAL VIAC…
#shortputs #coveredcalls USO HAL VIAC BOOT
USO bought 100 shares and sold April 24, 3 call for 2.78 Thanks Fuzzball
USO sold May 15, 2 put for .54 #tastytradefollow
HAL sold 2 April 24, 7.5 covered calls for .47 each
VIAC sold April 24, 15 covered call for .57
BOOT sold May 15, 12.50 put for .97
ADS
Sold 1 ADS 05/08/2020 40.00 Covered Call @ 1.80
USO
#CoveredCalls – Off it’s lows but it was halted for a little while this morning so still a lot of uncertainty. I’m rolling down the calls into next week for max downside protection while maintaining a profit if called away. There might be a possibility of rolling these but it would be tough at these prices especially if the stock rallies much.
Rolled USO APR 24 2020 3.5 Calls to MAY 1 2020 2.5 Calls @ .90 credit
Now:
Make .13 if called away or own stock at 2.37
SLB
Sold SLB APR 24 2020 $17 Covered Calls @ 0.17 replacing similar options that expired Friday
SPXpire
#SPX1dte The bullish slant didn’t come through but got to keep the credit.
$SPX April 20th long call spread and short put spread expired, put on Friday for .55 credit.
XLE Jade Lizard
And another idea borrowed from TastyTrade.
Sold $XLE 6/19 jade lizard (sold 28 puts + 36.21/37.21 bear call spread) for 2.10 credit. No upside risk (1.10 capped profit above 37.21) and downside breakeven of 25.90.
USO
#CoveredCalls – Low risk lottery ticket. Iceman style…buying covered stock with call ITM. Either make a little in a week or own stock considerably lower.
Bought USO stock and sold APR 24 2020 3.5 Calls @ 3.27 debit.
Make .23 or own stock @ 3.27
SPY
#CoveredCalls – Adding one…
Sold SPY APR 24 2020 292.5 Call @ 1.51
JPM strangle
Borrowing an idea from TastyTrade.
Sold $JPM 5/15 75/110 strangle @ 1.75. Put and call deltas at 10 and 13.
TRADES:
RCL STO 4/24/20 40.0 PUT @4.40 An experiment, -1 Put.
CCL BTO STOCK @12.26
CCL STO 4/24/20 12.0 PUTS @.58
PTON CC Apr 24 $32 Net $30.75 #coveredcall
SPY
#ShortPuts – Using a Mon Wed Fri ladder now for a little more safety…
Bought to Close SPY APR 20 2020 277.0 Puts @ .03 (sold for 1.25)
Sold SPY APR 27 2020 273.0 Puts @ 2.10
NVTA TWTR Calls / BX DDOG Puts
#coveredcalls
$NVTA STO 5/15 17.5 calls at .60
$TWTR STO 4/24 28 calls at .40
#shortputs
$BX STO 5/1 46 puts at 1.90
$DDOG STO 5/15 38 puts at 1.90
SLV
Sold 1 SLV Apr 24 2020 14.5 Covered Call at $0.16 replacing a similar option that expired Friday
Assigned on CCL Apr 17 $12.50 14.4% Return 11 Days
Thank you to Option Iceman for the trade. #coveredcalls #returnoninvestment
Stock was hovering right around $12.50 strike price as market was closing. Couldn’t get a fair price to roll out so didn’t do anything and it got assigned. Happy with the trade.
Expiration
AA 6 coveredcall
AAL 10 covered call called away
AAL 11 covered call called away
APA 10 covered call
BOOT 10 short put
BOOT 15 covered call
BOOT 15 put assigned
CAR 8 short put
CCL 7.5 short put
CCL 10 covered call called away
CCL 11.50 covered call called away
CPRI 12 covered call called away
FEYE 11.50 covered call
GPRO 2.50 short put
GPS 5.50 short put
GPS 8 short put
GUSH 1 put ns
HAL 8 covered call
HBI 8 covered call called away
HTZ 4 short put
LB short 13 put
LUV short 25 put
MRO 3.5 covered call called away
MRO 4 short put
NBL 7.5 covered call called away
NKTR 17 short put
NKTR 25 covered call
NTGR 21 short put
NUGT 11.50 covered call
OXY 16 covered call
SPY 230/250 long put spread full loss!
T 29.50 covered call called away
UBER 29 covered call
USO 7 covered call
VFC 60 covered call
Expiration
$SPXL $32 Covered Call – ITM Shares called away.
$TLRY $7 Covered Call – OTM
Expiration
#bups
$AAPL 210/220
$AMZN 1900/1920
#shortcalls
$TWTR 37
$NVTA 20
$T 28
#shortputs
$PZZA 57.5 Thank you @jsd50101
$TWTR 35 Assigned
$DDOG 42 Assigned
$UBER 21
$MSFT 155
$PLAN 35
$XOP 35.50 Thanks @ramie77
$ENB 27.5
$UVXY 20 Thank you @jeffcp66
$PFE 35
$CODX 10 Thank you @honkhonk81
#LongPuts
$PTON BTO at 3.79. Ill be pedaling for a while to make this back.
OptionsExpiration
- Getting closer to $CASH after a long rally.
Expired:
ADS 04/17/2020 45.00 Covered Calls
AGNC 04/17/2020 13.50 Covered Calls
AAL 04/17/2020 15.00 Covered Call
IVZ 04/17/2020 12.00 Covered Call
GLW 04/17/2020 22.00 Covered Call
MRO 04/17/2020 4.50 Covered Calls
OXY 04/17/2020 19.00 Covered Call
SLB 04/17/2020 17.50 Covered Call
SLB 04/17/2020 18.00 Covered Calls
SLB 04/17/2020 19.00 Covered Calls
SLB 04/17/2020 20.00 Covered Calls
SLV 04/17/2020 14.50 Covered Call
WFC 04/17/2020 31.00 Covered Call #Earnings
FANG 04/17/2020 22.50 Put
Assignments:
BA 04/17/2020 85.00 Covered Calls (This is my largest gain of the year)
GPS 04/17/2020 7.50 Covered Call
HBAN 04/17/2020 8.00 Covered Call
HBI 04/17/2020 8.00 Covered Call
HFC 04/17/2020 26.00 Covered Call
JPM 04/17/2020 91.00 Covered Call #Earnings
NUGT 04/17/2020 9.00 Covered Call
SPX 1-dte Risk Reversal
#SPX1dte. Given the clearly bullish fervor that has gripped Wall Street, however irrational, I’m selling a more aggressive put spread and buying a call spread, all for a net credit.
Sold $SPX Apr 20th 2775/2755 put spreads
Bought $SPX Apr 20th 2790/2900 call spreads
Total credit: 0.55
IV 24%, SPX 2872, deltas: -.10, +.05
Expiring today: Apr 20th 2655/2675-2895/2915 condors, sold yesterday for 1.20
HFC Rollout
Bought to close HFC 04/17/2020 27.0 Covered Call / Sold 1 HFC 04/24/2020 27.0 Covered Call @ 0.95 Credit
TQQQ
#ShortPuts – Keep trying to get more stock but no luck once again. 🙂 🙂
Bought to Close TQQQ APR 17 2020 65.0 Put @ .05 (sold for 2.40)
Sold TQQQ APR 24 2020 66.5 Put @ 4.00
HAL Rollout
Bought to close 1 HAL 04/17/2020 8.50 Covered Call / Sold 1 HAL 04/24/2020 8.50 Covered Call @ 0.16 Credit with the stock at 7.42
XOM Rollup
Bought to close XOM 04/17/2020 41.0 Covered Call / Sold XOM 04/24/2020 42.0 Covered Call @ 0.39 Credit + 1.00 better strike.
Econ calendar for week of 4/20/20
Link to calendar: https://research.investors.com/economic-calendar/
SLB Put Roll
Bought to close 1 SLB 04/17/2020 17.50 Put / Sold 1 SLB 05/15/2020 17.50 Put @ 0.52 Credit.
SLB cut the quarterly dividend by 75% to $0.125 per share as part of the move to conserve cash and protect its balance sheet. The payout is set for July 9 to shareholders of record on June 3, according to Schlumberger.
AA
Bought to close AA 04/17/2020 8.0 Covered Calls / Sold AA 05/15/2020 8.0 Covered Calls @ 0.25 Credit
AAL Rollout
Bought to close AAL 04/17/2020 15.00 Calls @ 0.01. Sold these on 04/09 @ 0.29.
Sold AAL 04/24/2020 15.0 Covered Calls @ 0.18 with the stock at 11.70.
#shortputs EWZ Added June 19,…
#shortputs EWZ
Added June 19, 20 put for 1.00.
VIAC Rollout
Bought to close VIAC 04/17/2020 18.00 Calls @ 0.01. Sold these on 04/07 @ 0.18.
Sold VIAC 04/24/2020 17.0 Covered Calls @ 0.32 with the stock at 15.50.
BEN – I wasn’t going…
BEN – I wasn’t going to keep this but…
Between the great entry yesterday, the 7% dividend yield, and the good additional premium I rolled the call.
Bought to close BEN 04/17/2020 15.0 Covered Call / Sold BEN 05/15/2020 15.0 Covered Call @ 0.70 Credit.
The additional premium drops my net cost to 14.09 which is below the YTD low
SOXL
STO June 50 put at 2.25 with the stock trading at 125, This is a small position and I will scale in some more at better strike prices.
SPY
#ShortPuts – This completes the ladder for next week…
Sold SPY APR 24 2020 270.0 Puts @ 2.25
TNA Rollup
Bought to close 1 TNA 04/17/2020 16.00 Call / Sold 1 TNA 04/24/2020 17.00 Call @ 0.18 Credit + 1.00 better strike
UDOW
#ShortPuts – Playing it safe…
Bought to Close UDOW APR 17 2020 50.0 Put @ .19 (sold for 2.85)
RCL Covered Call – holding on for another week
Bought to close RCL 04/17/2020 33.0 Call / Sold RCL 04/24/2020 34.0 Call @ 1.18 Credit + 1.00 better strike.
This stock is so volatile, it could be 20 or 50 by next Friday
SPY
#ShortPuts – Starters for next week. C’mon down here Mr. Market…
Sold SPY APR 20 2020 277.0 Puts @ 1.25
Sold SPY APR 22 2020 272.0 Puts @ 1.45
SPY
#ShortPuts – Closing these a little early and look to re-load if we sell off a little this afternoon…
Bought to Close SPY APR 17 2020 273.0 Puts @.05 (sold for 1.75)
Bought to Close SPY APR 20 2020 260.0 Puts @ .10 (sold for 1.95)
CCL
Sold CCL 04/24/2020 15.50 Call @ 0.15 with the stock @ 12.36
#coveredcalls #DXCM
~ JEFFLSMITH ~ EDIT “DEXCOM COVERED CALLS – STOCK RISES $100+ IN A MONTH”
In the past month Dexcom (DXCM) has risen from $190 to over $300. Great news for the stock…..not so good for the APR 17 $260 call. It is discouraging when a stock goes on a huge run and you sold an “at the money” stock option before the rise. The example below is real. $50,505 gain from buying 500 stock on Mar 3 at $206.99. I sold Apr 17 $200 Calls when I bought the stock. The calls have been “rolled up” twice from $200 to $230 and then to $260. Rolling up required an additional $20,728 investment. Instead of a $50,505 gain on the stock the net gain is now $19,180, 40% of what it could have been.
But here is the good news. In 29 days the CC strategy is returning 19.1%. Annualized 241%. Rather than be remorse about the money I missed…..very happy with the potential return so far.
Today is decision day as the Apr 17 $260 calls expire.
Alternatives are:
- Do nothing. Let the options expire and take profit of $19,810.
2. Roll the options out (buy back Apr 17 $260 Call and sell May 15 $260 Call). Rolling the call out generates a credit of $8 per share or $4,000 (Buy back Apr 17 $260 Call for $49 ($24,500) and sell May 15 $260 for $57 ($28,500).
3. Roll the options out and up (buy back Apr 17 $260 Call for $49/share and sell May 15 $305 Call for $29/share. Rolling the call out and up requires an investment of $9,500 (500 shares x $49 = ($24,500) – 500 shares X $29 ($14,500). Rolling up and out increases the strike price from $260 to $300 ($40 a share upside).
On the surface alternative #3 looks like the best idea. The “wild card” is an earnings announcement in early May. Historically Dexcom has shown high volatility around earnings. Stock can go up or down by 10%. Many medical device companies are announcing Q1 earnings and pulling their financial projections for the rest of 2020 until they understand how Covid-19 will impact them.
The downside of adding more Dexcom investment is further portfolio concentration. Dexcom now represents $156K of $236K (66%) of the portfolio. Not a good situation if things were to go wrong.
Likely action…..allow at least 1 Apr $260 Call to be “assigned” and sell 100 shares of stock. Roll the remaining 4 Apr $260 Calls up and out….but not all the way to $305. Probably sell $280 or $290 to offer some protection over the earnings call. This takes some of the profit off the table and helps with the portfolio %. Income tax implications are important….but this is long enough.
SPY jumps 2% after hours
S&P 500 ETF jumps 2% after hours on report Gilead drug showing effectiveness treating coronavirus
https://www.cnbc.com/2020/04/16/sp-500-etf-jumps-2percent-after-hours-on-report-gilead-drug-showing-effectiveness-treating-coronavirus.html?__source=twitter%7Cmain
SPX 1-dte
#SPX1dte Sold to Open $SPX April 17th 2655/2675-2895/2915 condors for 1.20. IV: 33%, SPX 2795, deltas -.04, +.06
Earnings calendar update:
$PG announces tomorrow morning
BEN
Bought BEN / Sold 04/17/2020 15.00 Covered Call @ 14.79 Net Debit with the stock @ 15.17.
A new 5-year low was set today @ 14.91 and the Div yield is about 7%
Assignment will pay for this weekend’s beer run
OXY Ladder Rollouts
Bought to close OXY 04/17/2020 17.50 Covered Call @ 0.01. Sold on Monday @ 0.60.
Sold OXY 04/24/2020 17.00 Covered Call @ 0.15.
Bought to close OXY 04/17/2020 18.00 Covered Call @ 0.01. Sold on Monday @ 0.47.
Sold OXY 04/24/2020 18.00 Covered Call @ 0.14
Plus on 4/15 I got the $79 dividend on my 1st buy of OXY. Future quarterly dividend rates are down to 0.11.
VIAC Rollup
Bought to close VIAC 04/17/2020 16.00 Covered Calls / Sold VIAC 04/24/2020 17.00 Covered Calls @ 0.12 Credit + 1.00 better strike
UVXY call spread
Sold $UVXY 5/15 60/70 bear call spread @ 1.55
ISRG earnings analysis
#Earnings $ISRG reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 23, 2020 AC -4.19%
Oct. 17, 2019 AC +6.96%
July 18, 2019 AC -1.45%
April 18, 2019 AC -7.00% Biggest DOWN
Jan. 24, 2019 AC -3.93%
Oct. 18, 2018 AC -3.45%
July 19, 2018 AC -0.86%
April 17, 2018 AC +8.17% Biggest UP
Jan. 25, 2018 AC -2.12%
Oct. 19, 2017 AC +3.39%
July 20, 2017 AC -4.55%
April 18, 2017 AC +6.36%
Avg (+ or -) 4.37%
Bias -0.22%, small negative bias on earnings.
With stock at 510.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 484.03 to 535.97 (+/- 5.1%)
Based on AVERAGE one-day move over last 12 quarters: 487.28 to 532.28
Based on MAXIMUM one-day move over last 12 Q’s (8.2%): 468.33 to 551.67
Based on DOWN max only (-7.0%): 474.30
Open to requests for other symbols.
ROKU PLAN Roll
#coveredcalls
$ROKU BTC 5/1 110 calls and STO 5/15 120 calls at $2 debit. Stock at 126.52
$PLAN BTC 4/17 30 calls and STO 6/19 40 calls at $3.70 debit. Stock at 35.60
PNC Rollup
Bought to close PNC 04/17/2020 96.00 Covered Call / Sold PNC 05/15/2020 97.00 Covered Call @ 0.87 Credit + 1.00 better strike.
I also will get the 1.15 quarterly dividend at the end of the month.
