#SPX1dte Sold to Open $SPX Jul 3rd 2910/2930-2990/3010 condors for .45. I meant to go for 10-wide, double size, but mistakenly went my normal 20-size, double size. So double the risk than usual, but looking for a quiet holiday anyway.
Recent Updates Page 247
Closing HQY
And taking a loss. Should have paid better attention to the downward trending moving averages (you were right @jsd501 !)
Sold 8/16 65/70 bull call spread @ 1.25. Bought for 2.18 on 6/28.
#butterfly #shortstrangles TSLA GDXJ
TSLA From a TastyTrade discussion, sold Aug. 2, +160/-170/-170/+175 put butterfly for .27
GDXJ sold Aug. 16, 31/38 strangle for 1.00
Closing some VXX
Taking profits on long put spreads.
Sold $VXX 7/12 28/24 bear put spread @ 3.05. Bought for 2.00 on 6/25.
Sold $VXX 7/19 28/24 bear put spread @ 3.06. Bought for 1.94 on 6/14.
NFLX ADBE
NVDA
#ShortPuts – Just to stay involved in this one. Selling a couple weeks prior to next earnings.
Sold NVDA AUG 02 2019 152.5 Put @ 2.40
Closing CMG
Bought to close $CMG 7/19 770/780 bear call spread @ .35. Sold for 1.86 on 6/25.
#bups
$GOOGL BTC 7/19 980/1010 BUPS at .60. STO at 6.72 on 6/6
#coveredcalls
$LABU STO 7/5 53 call at 1.10
#spxcampaign
$SPX 7/1 2845/2825/300/3025 IC Expired Thank you @jeffcp66
#shortputs
$T BTC 7/19 32 put and STO 8/16 33 put at .66 credit. Forgot to wait for down day. Thank you @jeffcp66
#longcalls
$PLAY BTO 7/19 40 calls at 1.45. Didn’t I say not to buy calls. Back to the chalkboard wearing the dunce cap and writing 100 times……
SPX 9-dte closed
#SPX1dte BTC $SPX July 5th 3000/3025 call spreads for .90. Sold condor for 3.90 last Wednesday. I’ll let the puts expire.
Also, expiring today: July 1st 2825/2845-3000/3025 condors, sold Friday for 1.35.
DIS
I spent a few days at Disneyworld last week, the guest of a conventioneer.The happiest place on earth has turned into the most expensive place on earth. Customer service, organization and convenience, all are amazing. They may have the most expensive beer in the country too.
T closed
#PieTrades Bought to close $T July 19th 32 puts for .10. Sold for 1.48 on April 9th. Will sell again on next move down.
A TRADE: Still in love,…
A TRADE: Still in love, just trading around it.
GOOS STC STOCK 39.41
#earnings #closing AVGO
March 14, sold an April 18, 240/300 strangle, AVGO went way up, I went inverted and was assigned at 320, then AVGO went way down. There was good premium in selling calls and I had the cost basis down to 295. I closed the position today as AVGO was up 16 points. I was fortunate to make almost $400 on this, have some cash back in the account, plus receiving a nice dividend tomorrow. Phew.
WORK
STO $WORK 7/19/2019 40 Calls @.8 against stock bought at 40.31. $WORK currently @37.00 #diggingout
NVDA
BTC $NVDA 7/19/2019 130/140 #BuPS @.10. Was STO 6/18 @1.55.
Low VIX
Good morning… looks like we’ll get the lowest VIX open since early May, when the Downside Warning hit. If it holds below 13.67 into the close we could be en route to an Upside Warning.
WDC……Need some advice I have…
WDC……Need some advice
I have been assigned WDC short calls and was wondering what’s the best way to handle the short stock, especially now it’s running away. Hoping its not to late!
TNA WYNN
#CoveredCalls – Just can’t quite get these to expire. Continuing to trickle them up…
Rolled TNA JUN 28 2019 59.0 Call to JUL 05 2019 60.0 Call @ .10 credit
Rolled WYNN JUN 28 2019 123.0 Call to JUL 05 2019 126.0 Call @ 1.05 credit
HQY call spread
Bullish on this stock that’s near the bottom of its range for the last couple of months. IVR is low (20) so I decided to buy calls. Bought $HQY 65/70 bull call spread @ 2.18. Bearish moving average configuration so I’m not looking for a huge breakout here.
REGN
#CoveredCalls – Getting what I can. Building a nice base and squeezing but could still go either way.
Bought to Close REGN JUN 28 2019 317.5 Call @ .10 (sold for 3.13)
Sold REGN JUL 05 2019 320.0 Call @ 2.33
LABU Rollout
Not going to let @optioniceman get all the dizzy activity.
#coveredcalls
$LABU BTC 6/28 $48 call and STO 7/5 $50 call at extra .59 plus $2 if assigned.
SRPT Bear Call Spread
#bearcallspreads
$SRPT STO 7/19 165/175 at 1.45
Econ Calendar for week of 7/1/19
#Jobs report on Friday
Link to calendar: https://us.econoday.com/byweek.asp?day=1&month=7&year=2019&cust=us&lid=0
CSX
#ShortPuts – Starter position but never got a chance to add. Running low on inventory so wouldn’t mind seeing a Trump/Xi throwdown at the G20 🙂 🙂
Bought to Close CSX JUL 05 2019 72.5 Put @ .10 (sold for 1.30)
DRIP FAZ TZA Reverse Splits
#ReverseSplit – https://www.nasdaq.com/markets/upcoming-splits.aspx
STZ Earnings
#JadeLizard – Better than nothing…
Bought to Close STZ JUN 28 2019 177.5/190.0/192.5 Jade Lizard @ 2.25 (put side expiring) (sold for 3.00)
Sold SPX early
#SPX1dte Taking exception to my normal rules and selling Monday’s 1-dte in the morning…. I don’t expect much movement today, and using the morning volatility and additional theta value to get good premium and a wide condor for Monday, which could see a strong move with news from China talks.
Sold $SPX July 1st 2825/2845-3000/3025 condors for 1.35, IV 16.2%, SPX 2934.
ABBV Put Closed
#shortputs
$ABBV BTC 7/19 65 put at .38. STO at 1.80.
STZ Fuzzy Earnings
#earnings #jadelizard
$STZ BTC 6/28 190/192.50 BECS at 2.20. STO at 1.04. I will let the 6/28 177.50 put expire. STO at 1.91. Thank you @fuzzball for the trade.
SPX 1-dte
#SPX1dte Sold Thursday: $SPX Jun 28th 2870/2890-2955/2975 condors for 1.00. IV: 10.66%, SPX 2928
STZ Earnings
#JadeLizard – No upside risk and selling the put at the expected move. Stock basis would be down around the May spike low if it implodes…
Sold STZ JUN 28 2019 177.5/190.0/192.5 Jade Lizard @ 3.00
ABBV T
#Shortputs – Booking a couple…
Bought to Close ABBV JUL 19 2019 65.0 Put @ .55 (sold for 2.01) thanks @geewhiz112 !
Bought to Close T JUL 05 2019 31.5 Puts @ .05 (sold for .53)
BYND BUPS
#bups
$BYND STO 7/19 120/130 BUPS at 2.15
WAB Put Closed
#shortputs
$WAB BTC 7/19/26 put at .80. STO on 5/30 at 3.50. Thank you @ramie77
A TRADE:
PLAY STO 7/5/19 38.0 PUTS @.35
A TRADE: An experiment.
PLAY STO 6/28/19 39.5 CALLS .35 Expires tomorrow. Will cover if necessary.
SPX 1-dte
BuPS 2885/2880 expiring 6/28/2019 for 0.25
STZ earnings analysis
#Earnings $STZ reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
April 4, 2019 BO +6.54%
Jan. 9, 2019 BO -12.41% Biggest DOWN
Oct. 4, 2018 BO +5.38%
June 29, 2018 BO -1.78%
March 29, 2018 BO +5.31%
Jan. 5, 2018 BO -0.21%
Oct. 5, 2017 BO +5.41%
June 29, 2017 BO +9.75% Biggest UP
April 6, 2017 BO +9.60%
Jan. 5, 2017 BO +0.47%
Oct. 5, 2016 BO +0.07%
June 30, 2016 BO +6.37%
Avg (+ or -) 5.28%
Bias 2.88%, positive bias on earnings.
With stock at 185.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 174.86 too 195.14
Based on AVERAGE move over last 12 quarters: 175.24 to 194.76
Based on MAXIMUM move over last 12 Q’s (12.4%): 162.04 to 207.96
Based on UP Max only (+9.8%): 203.04
Open to requests for other symbols.
NKE earnings analysis
#Earnings $NKE reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
March 21, 2019 AC -6.61%
Dec. 20, 2018 AC +7.16%
Sept. 25, 2018 AC -1.28%
June 28, 2018 AC +11.12% Biggest UP
March 22, 2018 AC +0.32%
Dec. 21, 2017 AC -2.28%
Sept. 26, 2017 AC -1.91%
June 29, 2017 AC +10.96%
March 21, 2017 AC -7.05% Biggest DOWN
Dec. 20, 2016 AC +0.98%
Sept. 27, 2016 AC -3.77%
June 28, 2016 AC +3.84%
Avg (+ or -) 4.77%
Bias 0.96%, positive bias on earnings.
With stock at 83.40 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 79.27 to 87.53
Based on AVERAGE move over last 12 quarters: 79.42 to 87.38
Based on MAXIMUM move over last 12 Q’s (11.1%): 74.13 to 92.67
Based on DOWN Max only (-7.1%): 77.52
Open to requests for other symbols.
Expired / BYND Puts
#spxcampaign
$SPX 2795/2770 BUPs STO at 1.30
$SPX 2795/2770 BUPs (Sold in two accounts by fortuitous happening, i.e. not paying attention) STO at 1.45
$SPX 2900/2875 BUPs STO at .85
$SPX 2795/2770 BECS STO at 1.15
Thank you @jeffcp66
#longputs
$BYND BTO 6/28 157.50 put at 5.95 Stock a little like my ekg. We will see.
Closing ABBV
A quick 1 day profit, taking off for >50% of the max profit. Bought to close 7/19 65 puts @ .90. Sold for 1.94 yesterday. Thanks for the idea @geewhiz112 !
ATVI ITM rollout
Been rolling this losing trade out since November. Or maybe I should adopt a more optimistic attitude and call it a “soon to be ex-losing trade”. Rolled 7/19 50 puts out to 8/16 50 puts @ .85 credit with the stock at 46.76.
Total credit so far (this will be the 8th rollout): 2.17. Stock is let’s say around 1.00 below the August breakeven. Technically the stock is in an uptrend the last month and is now above the major moving averages with the 20 close to crossing above the 50. Of course there are earnings to deal with before August expiration. If the stock makes a run into earnings then I won’t have to worry about it.
#syntheticcoveredcalls
$TQQQ BTC 7/5 60 call and STO 7/19 62 call at even.
WBA earnings analysis
#Earnings $WBA reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
April 2, 2019 BO -12.80% Biggest DOWN
Dec. 20, 2018 BO -5.02%
Oct. 11, 2018 BO -1.94%
June 28, 2018 BO -9.90%
March 28, 2018 BO +2.47%
Jan. 4, 2018 BO -5.17%
Oct. 25, 2017 BO +3.07%
June 29, 2017 BO +1.66%
April 5, 2017 BO -1.61%
Jan. 5, 2017 BO +0.06%
Oct. 20, 2016 BO +4.97% Biggest UP
July 6, 2016 BO -2.35%
Avg (+ or -) 4.25%
Bias -2.21%, negative bias on earnings.
With stock at 52.70 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 49.93 to 55.47
Based on AVERAGE move over last 12 quarters: 50.46 to 54.94
Based on MAXIMUM move over last 12 Q’s (12.8%): 45.95 to 59.45
Based on UP Max only (+5.0%): 55.32
Open to requests for other symbols.
SPX 9-dte
#SPX1dte Sold $SPX July 5th 2800/2825-3000/3025 condors for 3.90. IV: 16.22%, SPX 2923
TRADES:
TLRY BTO STOCK MINIMUM to cover a call @47.51
TLRY STO 6/28/19 45.0 PUTS @.60
TLRY STO 6/28/19 48.0 CALLS @.91
TLRY STO 6/28/19 48.5 CALLS @.83
SPX safety
#SPX1dte I closed my short June 26th 2875 puts for .05. When I woke up I was worried about the call side. Now I’m just being safe because I don’t trust this market to the downside.
SPX 1-dte
#SPX1dte Sold $SPX Jun 26th 2865/2875-2945/2955 condors for .55. Due to lower premium I am trying a different approach: wings that are only 10-wide and double the position size. Risk is theoretically the same… and it should be the same in practice too, as the spreads will be cheaper to exit when stops are hit since the closer-in long options will have more value.
IV: 10.79%, SPX 2916
ABBV
#ShortPuts – Thanks @geewhiz112 for the idea. Earnings should be the following week. 6.8% divvy at the basis I would receive the stock.
Sold ABBV JUL 19 2019 65.0 Put @ 2.01
#earnings MU
Sold July 19, 29/37 strangle for 1.06, profitable just outside the 1 day max moves. Thanks again Jeff.
AAPL put spread
Sold $AAPL 7/19 190/180 bull put spread @ 1.70 credit with the short strike at 30 delta, right around support,
ABBV Short Puts
#shortputs
$ABBV STO 7/19 65 put at 1.80. Stock dropped today on acquisition of Allergan.
VXX put spread
Bought $VXX 7/12 28/24 bear put spread @ 2.00. 1:1 risk/reward. Will look to take off for around 3.00.
AMZN Put Spread
#bullputspreads
$AMZN STO 7/19 1830/1880 BUPS at 6.35. Stock at 1895.73
CMG call spread
$CMG at resistance, now close to the low of the day. Sold 7/19 770/780 bear call spread @ 1.86 with the stock at 733.29.
ROKU July
Sold $ROKU 7/19 90/85 bull put spread @ 1.22.
A TRADE: A short strangle….
A TRADE: A short strangle. Keeps margin costs down.
TLRY STO 6/28/19 48.0 CALLS @1.06
TLRY STO 6/28/19 45.5 PUTS @1.10
PYX Covered Call
#coveredcalls
$PYX STO 7/19 22.5 call at .75. Stock initiated at Imperial Capital at outperform with target of $71. Price currently at 17.98, up $4.52 today. Going to look at selling some puts or way out calls.
FB Spread Closed
#bullputspreads
$FB BTC 7/19 165/155 BUPS at .17. STO on 6/12 for 1.70. Thank you @ramie77
TRADES:
TLRY BTO STOCK @47.38
GOOS BTC 7/5/19 38.0 CALLS @.75 Fat finger trade from yesterday. Lost commission expense.
MU earnings analysis
#Earnings $MU reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
March 20, 2019 AC +9.61%
Dec. 18, 2018 AC -7.91%
Sept. 20, 2018 AC -2.86%
June 20, 2018 AC +0.83%
March 22, 2018 AC -7.99%
Dec. 19, 2017 AC +4.02%
Sept. 26, 2017 AC +8.51%
June 29, 2017 AC -5.11%
March 23, 2017 AC +7.40%
Dec. 21, 2016 AC +12.68% Biggest UP
Oct. 4, 2016 AC -0.56%
June 30, 2016 AC -9.15% Biggest DOWN
Avg (+ or -) 6.39%
Bias 0.79%, slight positive bias on earnings.
With stock at 33.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 30.71 to 36.29
Based on AVERAGE move over last 12 quarters: 31.36 to 36.54
Based on MAXIMUM move over last 12 Q’s (12.7%): 29.25 to 37.75
Based on DOWN Max only (-9.2%): 30.43
Open to requests for other symbols.
SPX closed
#SPX1dte BTC $SPX June 26th 2900/2875 put spreads for .30. Condors sold Friday for 2.45; will let the 3000/3025 call side expire.
Also, expired yesterday: June 24th 2890/2910-2985/3000 condors, sold Friday for .65
FDX earnings analysis
#Earnings $FDX reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
March 19, 2019 AC -3.49%
Dec. 18, 2018 AC -12.16% Biggest DOWN
Sept. 17, 2018 AC -5.53%
June 19, 2018 AC -2.69%
March 20, 2018 AC -1.17%
Dec. 19, 2017 AC +3.51%
Sept. 19, 2017 AC +2.08%
June 20, 2017 AC +1.60%
March 21, 2017 AC +2.12%
Dec. 20, 2016 AC -3.33%
Sept. 20, 2016 AC +6.89% Biggest UP
June 21, 2016 AC -4.53%
Avg (+ or -) 4.09%
Bias -1.39%, negative bias on earnings.
With stock at 158.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 148.85 to 167.15
Based on AVERAGE move over last 12 quarters: 151.54 to 164.46
Based on MAXIMUM move over last 12 Q’s (12.2%): 138.79 to 177.21
Based on UP Max only (+6.9%): 168.89
Open to requests for other symbols.
ISRG Bull Call / SPX CAmpaign / NFLX Roll
#bucs
$ISRG BTO 7/19 525/535 BUCS at 4.92
#spxcampaign
$SPX 6/24 2890/2910-2985/3000 condors expired. Sold for.70 Thank you @jeffcp66
$SPX BTC 6/262985/3010 call side closed at 1.20. STO at .40. Leaving the put to expire.
#coveredcalls
$NFLX BTC 7/5 365 call and STO 7/19 375 call at added $4.10 credit. Earnings 7/17 so watching closely. Stock closed at 371.04
Downside Warning canceled
#VIXIndicator It’s been awhile since we started this Warning, so I missed the fact that it was canceled on Thursday with the new SPX high. So now we set up for either a new Downside Warning or an Upside Warning. See the sidebar for those levels.
XBI
#ShortPuts – Thanks @Ramie for the idea…
Sold XBI AUG 02 2019 77.5 Puts @ .84
A TRADE:
GOOSE STO 6/28/19 37.5 PUTS @1.10
NLSN–a little early perhaps
Sold $NLSN 7/19 22 puts @ .75. Stock hasn’t bounced yet today so I’m likely early here. But an assignment at 22 will give me a basis of 21.25 and a 6% dividend.
XBI August
Sold $XBI 8/16 78 puts @ 1.21. Strike below the May lows. Delta 20.
Would it make sense to…
Would it make sense to sell DUST puts at this time?
LATE POSTS:
GOOS BTO STOCK @37.08
TLRY STC STOCK @48.98 Have short calls, so will cover if it goes up.
TLRY STO 6/28/19 54.5 CALLS @1.10
Adding NUGT
Sold $NUGT 9/20 39 calls @ 1.46. New highest strike.
AMD
STO July 30.5 calls @1.05 against existing stock
NUGT rising
Higher strikes added.
Expirations / Closed Earlies
#optionsexpiration
$FIVE 125/130 BUPS
$NVDA 140/145/175/190 IC STO at $1.57 Thank you @ramie77
$SPX 2845/2865/2970/2990 1DTE STO at 1.10 Thank you @jeffcp66
$BA 320/330 BUPS Thanks again @ramie77
$ISRG 480/500 BUCS Remaining position. BTO at $10.
$ADBE 272.50/277.50 BUCS / STO 267.50 put (Limping Lizard earnings trade) Thanks for all the education from the reptilians out there, especially @fuzzballl
$KNX 30 put
$SQ 65 put Thank you @thomberg1201
$CTL 10 put Thank you @ramie77
$ARWR 18 put
$DHI 44 put
$CLX 145 put
$WK 60 call Covered
$ARWR 19 call Stock called away
$EVTC 30 call Stock called away
$PYX 22.5 call covered – wish it wasn’t
$AMZN 1980 $GOOGL 1190 $NFLX 370 All long calls. All capital gone. When will I ever learn. Do not BUY calls
$FL 50/55 BUPS Total Loss STO at $2.20
#spxcampaign
Closed Early $SPX 6/26 2960/2985 BECS at 7.50. STO at 1.50
Everyone have a delightful weekend. Thanks for all the help you share. May we all have a sumptuous summer.
(A little alliteration) @jeffcp66 Thank you for founding this site for a foundling like me. I love beer on Friday’s. 😉
Options Bistro 