STO VIX Jan22 13.5 Puts @ .75
#LittleRocketMan and the VIX is at the low end of its range.
Recent Updates Page 226
Closing HD
Bought to close $HD 1/17 205/195 bull put spread @ .34. Sold for 1.89 on 12/3. With a month to go and IV now really low (IVR down to 7), no sense keeping this trade open any longer.
Christmas Surprise??
As long as I’m resurrecting old hashtags how about this one? Lol
https://www.cnn.com/2019/12/04/asia/north-korea-christmas-gift-kim-jong-un-intl-hnk/index.html
** Might not be the exact old hashtag but seems to work now.
AVGO Earnings
#ShortPuts #Earnings – Went out an extra week for the premium. Nice rally so booking it.
Bought to Close AVGO DEC 20 2019 310.0 Put @ .30 (sold for 3.30)
#earnings FDX Sold Jan. 17,…
TNA TQQQ
#TakeOneForTheTeam – A hashtag I haven’t used in a long long time but I think the time is now…
Sold TNA DEC 27 2019 68.5 Put @ 1.02
Sold TQQQ JAN 03 2020 79.0 Put @ 1.23
ADBE
ADBE made a new high on Friday based on earnings. So, I did the following for April and a net credit of 2.55
BTO 325 call at 18.04
STO 345 call at 9.43
STO 310 put at 11.14
FDX earnings analysis
#Earnings $FDX reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Sept. 17, 2019 AC -12.91% Biggest DOWN
June 25, 2019 AC +2.52%
March 19, 2019 AC -3.49%
Dec. 18, 2018 AC -12.16%
Sept. 17, 2018 AC -5.53%
June 19, 2018 AC -2.69%
March 20, 2018 AC -1.17%
Dec. 19, 2017 AC +3.51% Biggest UP
Sept. 19, 2017 AC +2.08%
June 20, 2017 AC +1.60%
March 21, 2017 AC +2.12%
Dec. 20, 2016 AC -3.33%
Avg (+ or -) 4.43%
Bias -2.45%, negative bias on earnings.
With stock at 162.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 150.97 to 174.03
Based on AVERAGE one-day move over last 12 quarters: 155.31 to 169.69
sed on MAXIMUM one-day move over last 12 Q’s (12.9%): 141.52 to 183.48
Based on UP max only (+3.5%): 168.20
Open to requests for other symbols.
BA
STO December 2020, 250 put at 13.00
REGI
Yesterday I bought the January 17, $20 call option based on the chart at 2.35 and got lucky and sold them at 6.90 this morning. I still don’t know the news that made it go up.
SPX 6-dte
#SPX1dte In honor of likely Upside Warning: Sold $SPX Dec 23rd 3160/3135 put spreads for 2.00.
BA
It looks like the stock will be down again tomorrow so since there are only 2 companies that make airplanes, I will take a chance that BA will be in business, even though they may have to give up on the Max.
So I am looking at the December 2020 puts which is a year away. Fidelity will only require a margin of $3,520 per contract and as of tonight you could sell the 250 puts for 11.95 or better tomorrow. I calculate that as a 36.5% return on margin for the year.
I saw Santa kissing 3200
#VIXIndicator An Upside Warning will go into effect Tuesday with a VIX close at 12.82 or lower.
#closing #shortputspread HD Dec. 4…
Dec. 4 sold a post earnings, Jan. 17, 195/205 put spread for 1.44, bought today for .55.
SPX closed
#SPX1dte BTC $SPX Dec 16th 3200 calls for .20. Condors sold for .80 on Friday.
TSLA
STC $TSLA 365 Dec 27 #longcalls. Trailing stop triggered @20.05. Overall gain 1.25. Not as good as I could have done, but better than what I was going to do from the original Call spread which went deep ITM and started the day as a loser.
(Whew!)
REGN
#CoveredCalls #ShortPuts – Not finding much to do this week. I’ll probably let my REGN stock get called away next week slightly under my basis. Switching over to a few put sales for repair. Similar to TNA, LABU, and WYNN positions recently repaired.
Sold REGN JAN 10 2020 355.0 Put @ 2.75
NEWT Put Closed
#shortputs
$NEWT BTC 12/20 22.5 put at .15. STO at .91 on 11/11.
AMZN Close BUPS
#bups
$AMZN BTC 12/20 1700/1750 BUPS at $6.00. STO 11/4 at 10.70. Stock now at $1766 but I am removing risk.
Try not to be a piggy. Believe me it hurts when slaughtered.
LULU
BTC $LULU 12/20 200/215 #BuPS @0.1. Started Dec 11 as a 205/215 @1.75, widened Dec 11 to 200/215 +0.26.
This was my last Lulu position for now.
PTON
A small trade.
BTO January 17, 30/20 bear put spread at 2.46 and STO the 35 calls at 1.39,I think this is a bad IPO.
Going back into ROKU
Nice bounce in $ROKU today. Sold 1/17 120/110 bull put spread @ 1.85. IVR 35. Short puts at 21 delta.
#earnings #closing ANET Oct. 31…
Oct. 31 sold a Dec. 20, 190/200/290/300 #ironcondor for 1.88. ANET went way down to 173.
Today it finally broke 200 as I was getting ready to roll. I closed the put spread for 2.07, the call spread will expire on Friday (it will). I’ll take the small loss as a victory.
COST BUPS Closed
#bups
$COST BTC 12/20/275/285 BUPS at .10. STO 10/28 at 2.10
This good trade will be more than offset by 12/20 290/300 BUPS and 12/20 295/305 BUCS. That’s what I get for believing in Santa Claus.
#earnings #rolling STT October 17,…
LK
BTC January 17, 29 puts at 1.50, STO at 2.60
#shortputs #closing BOOT Nov. 26…
TSLA
BTC $TSLA Dec 27 355 Calls @20. Holding Dec 27 365 Calls long.
This started as a 352.5/362.5 Dec 13 @.7. Rolled to 355/365 Dec 27 @.5.
AVGO
BTC $AVGO Dec 20 290/300 #BuPS @0.10. Was STO Friday @1.05.
Expiration
#optionsexpiration
$OKTA 121 calls
$ZM 65 calls
LABU PANW UVXY WYNN and Options Expiration
#ShortPuts #OptionsExpiration – Some late action…
Bought to Close LABU DEC 20 2019 47.5 Puts @ .15 (sold for 2.20)
Bought to Close PANW DEC 20 2019 220.0 Put @ .50 (sold for 3.50)
Expired:
UVXY 17 Calls (sold for .67)
WYNN 122 Puts (sold for 4.05 as a trade repair)
EXAS
STC the 85/97.5 calls spread and BTC the 75 puts for a total of 3.60 credit, the original combo was at 1.70 so a decent profit on the trade. The stock looks like it is up against resistance on the chart.
LULU AVGO NVDA
ROKU
BTC $ROKU 130/140 Dec 20 #BuPS @5.55. Was STO @1.70 11/22 when ROKU was at 159.09. ROKU is 133.49 today. $3.850 loss.
TLRD
This is an idea that I got from the forum on SMM. I bought 10 contracts of the $4.00 puts for .25 cents. The chart looks like it wants to go to zero.
SPY
Earlier today, I STO December 20, 317 put at 2.13
AXSM
#ShortPuts Followed @optioniceman with the high vol stock that @330nick found
Sold $AXSM Dec 20th 25 puts for 1.70
Sold $AXSM Dec 20th 22.5 puts for 1.35
Don’t do these wild ones much anymore, but the low stock price limits the risk.
PLMR
STO January 17, 45 puts at .60
RPD
STO January 17, 55 puts at 1.75, stock breaking out on good volume.
SPX 1-dte
#SPX1dte Sold to Open $SPX Dec 16th 3090/3110-3200/3220 condors for .80. IV 9.21%, SPX 3168.
Expiring: Dec 13th 3090/3110-3205/3225 condors, sold yesterday for .80.
Econ Calendar for week of 12/16/19
Link to calendar: https://research.investors.com/economic-calendar/
AXSM
This biotech has a shockingly high IV of 290 and a 92 IVR. 😀 STO 1 Dec20 25 put (8 delta) for 1.30. The bid/ask is stupid wide.
#earnings #closing BIDU Nov. 6,…
EWW to EWZ swap
#CoveredCalls #ShortPuts – A slight adjustment and trade repair. With some EWW covered calls DITM and terrible rollability I’ll let the stock get called away next week for a .42 per share loss. Replacing that position with EWZ which has better premium and easier to roll. Selling the EWZ puts down at the 50 and 200 moving averages…
Sold EWZ Jan 10 2020 43.0 Puts @ .46
AMZN BUPS Closed
#bups
$AMZN BTC 12/20 1600/1650 BUPS at .30. STO on 10/25 at 8.49
AMD
AMD
BTO Jan 21 41/43 Calls $0.95 in/out spread with earnings end of Jan
UDOW
#ShortPuts – Bought to Close UDOW DEC 20 2019 105.0 Put @ .20 (sold for 2.90)
UVXY
#BearCallSpreads – I’ve got enough in Jan so heading out to Feb for a starter position…
Sold UVXY FEB 21 2020 20.0/30.0 Bear Call Spreads @ .80
ROKU Rolling
#coveredcalls
$ROKU BTC 12/20 152.50 call and STO 12/20 150 call at added .26 credit.
Closing SHOP
Bought to close $SHOP 12/20 345/335 bull put spread @ .35. Sold for 1.92 on 12/4.
COST
BTC January 255/325 strangle at .45, sold yesterday at 1.18
AMD
STO January 17, 40 puts at 1.15, earnings on January 27
TNA
#ShortPuts – Peeling a few more of these off just for risk reduction…
Bought to Close TNA DEC 20 2019 57.5 Puts @ .14 (sold for 1.55)
UVXY
#ShortCalls – Replacing this week’s expiration with a starter size position…
Sold UVXY DEC 27 2019 16.5 Calls @ .61
AVGO
#ShortPuts – Sold AVGO DEC 27 2019 307.5 Put @ 3.10
STNE Puts Rolled / MOMO Puts Closed
#shortputs
$STNE BTC 12/13 40 put and STO 12/20 40 put at .40 credit.
$MOMO BTC 12/20 35 put at .45. STO 11/5 at 1.55.
Triskaidekaphobia
Are you afraid of Friday the 13th?
LK Put Rolled / NUGT Call Closed / LULU MCD LRCX Spreads Closed
#shortputs
$LK BTC 12/13 31.50 put and STO 12/20 31 put at additional .15.
#coveredcalls
$NUGT BTC 31 call at .10. STO at 1.26
#bups #becs #bucs
$LULU BTC 12/20 185/195 BUPS at .30. STO on 11/11 for 2.60. Symmetry$ STO 11/11 BTC 12/12
$LULU BTC 12/20 235/240 BECS at .30. STO on 11/16 for 1.20.
$MCD BTC 12/20 185/190 BUPS at .20. STO on 11/1 for 1.25.
$LRCX STC 12/20 285/295 BUCS at 2.50. BTO on 10/30 for 3.40.
COST
STO 255/325 strangle for January 17, at 1.18
COST earnings analysis
#Earnings $COST reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Oct. 3, 2019 AC +0.92%
May 30, 2019 AC -0.81%
March 7, 2019 AC +5.08% Biggest UP
Dec. 13, 2018 AC -8.58% Biggest DOWN
Oct. 4, 2018 AC -5.55%
May 31, 2018 AC -0.55%
March 7, 2018 AC -0.89%
Dec. 14, 2017 AC +3.32%
Oct. 5, 2017 AC -5.97%
May 25, 2017 AC +1.79%
March 2, 2017 AC -4.33%
Dec. 7, 2016 AC +2.43%
Avg (+ or -) 3.35%
Bias -1.10%, negative bias on earnings.
With stock at 297.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 287.83 to 307.17
Based on AVERAGE one-day move over last 12 quarters: 287.53 to 307.47
sed on MAXIMUM one-day move over last 12 Q’s (-8.6%): 271.97 to 323.03
Based on UP max only (+5.1%): 312.61
Open to requests for other symbols.
SPX 1-dte
#SPX1dte Sold to Open $SPX Dec 13th 3090/3110-3205/3225 condors for .80. IV: 12.95%, SPX 3167
CMG
TRADES:
LK BTC 12/13/19 28.5 PUTS @.05
STNE STO 12/20/19 PUTS @1.80
LULU
#earnings #closing AEO Tuesday sold…
SPX calls stopped
#SPX1dte BTC $SPX Dec 16th 3200/3225 call spreads for 1.80. Condors sold for 1.75 on Monday. I’ll look to close the puts before the weekend.
ADBE earnings analysis
#Earnings $ADBE reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Sept. 17, 2019 AC -1.74%
June 18, 2019 AC +5.21% Biggest UP
March 14, 2019 AC -3.95%
Dec. 13, 2018 AC -7.28% Biggest DOWN
Sept. 13, 2018 AC +2.29%
June 14, 2018 AC -2.43%
March 15, 2018 AC +3.05%
Dec. 14, 2017 AC +1.43%
Sept. 19, 2017 AC -4.24%
June 20, 2017 AC +2.36%
March 16, 2017 AC +3.80%
Dec. 15, 2016 AC -1.47%
Avg (+ or -) 3.27%
Bias -0.25%, negative bias on earnings.
With stock at 304.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 293.08 to 314.92
Based on AVERAGE one-day move over last 12 quarters: 295.02 to 314.98
sed on MAXIMUM one-day move over last 12 Q’s (7.3%): 282.80 to 327.20
Based on UP max only (+5.2%): 320.89
Open to requests for other symbols.
LULU Earnings
#ShortPuts – Bought to Close LULU DEC 13 2019 217.5 Put @ .95 (sold for 3.10)
Green?
Wow is that background green.
TRADES:
BTO CLVS STOCK @12.08 &12.40 A little.
STO STNE 12/20/19 NTM 40.0 CALLS @.85
STO CLVS 12/20/19 NTM 13.0 CALLS @.60
STO CLVS 12/20/19 13.5 CALLS @75
AVGO Earnings
#ShortPuts – I may throw a call spread out there eventually to turn it into a Jade Lizard…haven’t decided yet. For now selling at the expected move and just above the 50ma. Going to next week for a little more premium. Not a big fan of a put sale on this rally but having trouble finding anything to do.
Sold AVGO DEC 20 2019 310.0 Put @ 3.30
SPX 1-dte
SPX 12/13/2019 BuPS, sell 3115 put, buy 3110 put for 0.25
AVGO earnings analysis
#Earnings $AVGO reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Sept. 12, 2019 AC -3.41%
June 13, 2019 AC -5.56% Biggest DOWN
March 14, 2019 AC +8.23%
Dec. 6, 2018 AC +0.58%
Sept. 6, 2018 AC +7.69%
June 7, 2018 AC -2.53%
March 15, 2018 AC -4.81%
Dec. 6, 2017 AC 0.00%
Aug. 24, 2017 AC -3.70%
June 1, 2017 AC +8.49% Biggest UP
March 1, 2017 AC +0.99%
Dec. 8, 2016 AC +4.90%
Avg (+ or -) 4.24%
Bias 0.91%, positive bias on earnings.
With stock at 327.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 312.80 TOO 342.20
Based on AVERAGE one-day move over last 12 quarters: 313.61 TO 341.39
sed on MAXIMUM one-day move over last 12 Q’s (8.5%): 299.70 TO 355.30
Based on DOWN max only (-5.6%): 309.29
Open to requests for other symbols.
#assignment ZM Sept. 5 sold…
#assignment ZM
Sept. 5 sold an iron condor/ jade lizard for earnings, the short put was at 85, had an 80 put for some downside protection. I closed that too early. Through rolling etc and selling a Dec. 20, 65.50 call, I have a cost basis of 72.25. ZM stock is at 62.28.
AEO closed
#Earnings BTC $AEO Dec 13th 15 put for .50. #LongStraddle sold for 1.35 on Tuesday. Closed for a total of .55.
Options Bistro 