Put on a zero cost collar to protect my long stock in $AAPL from any more potential big shocks:
Bought $AAPL 3/20 250 puts @ 2.03
Sold $AAPL 3/20 317.50 calls @ 2.03
Stock around 291.
The puts are above the 200 day moving average, the calls up at resistance.
I did these a little while ago when DRIP was still under 150. What a crazy move in oil.
Rolled in the money 3/20 125 call up and out to 6/19 155 call (which was out of the money at the time but not anymore) for 1.95 credit.
Sold the new highest strike 3/20 220 call @ 5.00. Obviously you can do quite a bit better now. I have an offer in for another contract above where it’s trading now.
#ShortPuts – Selling the week prior to earnings and down near 2 year lows and just outside the expected move.
Sold UNH APR 03 2020 230.0 Put @ 3.60
SPCE STO 2/28/20 31.0 PUTS @1.02 Will take the stock if put to.
STO April 3, 55/105 strangle at 3.70
#earnings SQ
Sold March 20, 65/95 strangle for 1.62.
Thanks for the data Jeff
SPCE BTO STOCK @32.45 & 33.25 50 SHARES EACH
SPCE STO 2/28/20 35.5 CALL @1.10
STO 6 Mar 1950/1945P for 1.24
BTO Mar 20 237.5/240 Calls $1.22 #supercharger
#fallingknife #putratiospread VIAC #shortputs MRO
Working off of Iceman’s list, VIAC sold April 17, -24/-24/+25 ratio spread for .50
MRO sold March 6, 8.50 put for .18
#Earnings $SQ reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
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%
Feb. 22, 2017 AC +14.02% Biggest UP
Avg (+ or -) 6.63%
Bias 0.67%, positive bias on earnings.
With stock at 78.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 71.10 to 84.90
Based on AVERAGE one-day move over last 12 quarters: 72.83 to 83.17
Based on MAXIMUM one-day move over last 12 Q’s (14.1%): 67.04 to 88.96
Based on UP max only (+14.0%): 88.94
Open to requests for other symbols.
#earnings
SPCE
BTC SPCE BuPS for 1.65
Was STO yesterday for 1.35
#earningsTGT BuPS
3 Mar 110/105 for 1.66
TGT reports Mar 3
First time since November 2008 that SPX dropped more than 3% two days in a row.
Following up to my Post yesterday, here is a chart of all SPX gap opens that were plus or minus 2% or greater since 1/1/2000. Click the chart for a larger view.
On the left is 1/3/2000, and on the right is yesterday, 2/24/20. The cluster near the middle is the 2008 crash. As you can see, a very long gap between 2014 and now.
STC Mar 13 137/135 Puts BePS $1.50 bought 2-12-20 for .90
BTO Mar 20 237.5/240.00 Calls $1.22
#SPX1dte Sold $SPX Feb 26th 2970/2990-3220/3240 condors for 1.30. IV: 33.19%, SPX 3140, deltas -.06, +.07.
STC SPY Feb 28 326/320 Beps $5.00 bought 2-4-20 $1.28 as a hedge profit 368.00 per
#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
#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
#ShortPuts – Going out and down for the next sale…
Sold SPY JUN 19 2020 290.0 Put @ 7.05
#shortcallspreads DRIP
Joining the DRIPster HIPsters, sold a June 175/185 call spread for 2.08.
Thanks guys
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.
Rolled $ROKU Mar-6-2020 110/120 #BuPS // Mar-13 @0.00.
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
#VXXGame Sold $UVXY April 17th 19 calls for 2.75. Keeping more longs than shorts, but they are in an earlier expiration.
Sold $DRIP 3/20 186 call @ 7.00. Highest strike in March.
#ContangoETFs Sold $DRIP March 20th 186 calls for 6.35
#earnings #putratiospread SPCE
Sold March 20, -26/-26/+30 ratio spread for .88
STO April 60 puts at 1.95
#ShortPuts – Sold TQQQ APR 17 2020 65.0 Put @ 2.40
STO 28 Feb 90P for 2.12
#shortputs
BTC 2/28 31 put and STO 3/20 3 put at added 1.22 credit
STO March 20, 150 calls at .66
#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, 165/210 strangle for 2.30
#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
Sold $DRIP 3/20 186 call @ 3.50
Sold $PANW 3/20 190/180 bull put spread @ 1.65 with the stock around 201. IV still high (IV rank 55).
#BearCallSpreads – First time in this expiration…
Sold UVXY SEP 20 2020 20.0/30.0 Bear Call Spreads @ 1.40
#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.
#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.
STO March 13, 45 put at 2.00
#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)
#BearCallSpreads – New sales at higher strikes…
Sold UVXY JAN 19 2021 25.0/35.0 Bear Call Spreads @ 1.11
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.
Probably a bad idea, but…
STO DRIP Sep18’20 160 CALL@$27.80
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.
#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)
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!
BTC March 13, 39.5 put at 2.00, sold at 2.05
#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.
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.
#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.
#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
#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
#BearCallSpreads – New position in a different account…
Sold UVXY JUN 19 2020 20.0/30.0 Bear Call Spreads @ 1.16
#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)
#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)
#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)
#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.
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.
STO April 17, 150 put at 1.04
#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
#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
#BearCallSpreads – Adding to previous sales at slightly higher premiums…
Sold UVXY JUN 19 2020 15.0/25.0 Bear Call Spreads @ 1.40
#Earnings Bought to close $OLED Feb 21st 170/165 put spreads for .55. Sold yesterday fr 1.75.
#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, STO March 13, 47.5 put at 1.30
NUGT, STO June 19, 52 call at 3.20, following Ramie
Today we hit the lowest NTSE $TICK reading since last August. Maybe correction time?
Link to calendar: https://research.investors.com/economic-calendar/
My first position shorting calls in quite a while. Sold $NUGT 6/19 52 call @ 3.00. Highest strike in June. Starting slowly.
Sold $DRIP 9/18 160 call @ 17.00. Highest strike.
