Options Expiration for 6/21

Most of my positions were rolled but this is what was left to expire:
$BA 6/21 345/340 bull put spread
$DE 6/21 130/125 bull put spread
$MMM 6/21 170/160 bull put spread
$NFLX 6/21 325/315 bull put spread
$TLT 6/21 132/137 bear call spread
$UVXY 6/21 40/50 bear call spread
$X 6/21 14 puts
$BKNG iron butterfly 1670/1700/1730 expiring for full loss. Position had been adjusted/rolled a couple of times–total premium 20.60 so 9.40 loss.

Have a great first official weekend of summer everyone.

SPX 1-dte

#SPX1dte. Sold $SPX June 24th 2890/2910-2985/3000 condors for .65, IV 7.63%, SPX 2965. Another day of low premium as IV has plummeted.

Expiring, June 21st 2890/2910-2990/3010 condors, sold yesterday for .65

Email

Jeff, I used to get an email when someone posted or made a comment but I no longer get any mail from the site. Is there a way to get them again?

GLD call spread

Borrowing an idea from TT (from yesterday).
Sold 8/16 136/143 bear call spread @ 1.05.

NVDA

#ShortPuts – Hoping for at least a little pullback in this thing to get back in next week…

Bought to Close NVDA JUN 28 2019 140.0 Put @ .26 (sold for 2.52)

SOXL TNA WYNN

#CoveredCalls #ShortPuts – Doing some rolling today…

Rolled SOXL JUN 21 2019 140.0 Put to JUL 19 2019 135.0 Put @ 6.70 credit (12.10 credit total now)

Rolled TNA JUN 21 2019 56.0 Calls to JUL 26 2019 58.0 Calls @ .20 credit

Rolled WYNN JUN 21 2019 115.0 Call to JUL 12 2019 118.0 Call @ .35 credit
Rolled WYNN JUN 21 2019 120.0 Call to JUN 28 2019 123.0 Call @ .05 credit

SPX roll

#SPX1dte Sold $SPX June 26th 2875/2900-3000/3025 condors for 2.45.

A TRADE:

GOOS BTO STOCK @37.24 A day trade. Trading around a full position.

BTC $STZ 170/180 6/21/2019 #BuPS…

BTC $STZ 170/180 6/21/2019 #BuPS @.30. Was STO 5/30 @1.37. Lower % profit than I was aiming for, but better a smaller win than a loss.

KMX closed

#Earnings. Sold to close $KMX Jun21/Jun28 83 #DoubleCalendar for 1.00. Bought yesterday for .43. Only got filled on 3, was going for 17. 😦

SPX 1-dte

#SPX1dte Sold $SPX June 21st 2890/2910-2990/3010 condors for .65, IV 13%, SPX 2954.

SHOP call spread

$SHOP printing an inverted hammer today and coming back inside the upper bollinger band on the daily chart. This may have topped out for now. Sold 7/19 340/350 bear call spread @ 3.33. Short strike above today’s high.

Keeping it on a short leash and will close out quickly if the stock reverses back up and tests 340 again.

A TRADE: I STO the…

A TRADE: I STO the contracts this morning, and BTO the stock too. So I’m rolling it out now for .16 credit, and 2.5 strikes higher.

TLRY BTC 6/21/19 47.0 CALLS @2.25
TLRY STO 6/28/19 49.5 CALLS @2.41

OK, I’m in, after being…

OK, I’m in, after being shut out all day. Comments are not timely.

BTO TLRY STOCK @45.68
STO TLRY 6/21/19 47.0 CALLS @1.00 Covered
STO TLRY 6/28/19 47.5 CALLS @1.70 Covered

Blow off top?

SPX plunging, Gold rising, VIX spiking.

RHT long shot

#Earnings #Takeover Bought $RHT June 21st 190 calls for .06, .09, .10.

I doubt this will go anywhere but it’s costing me almost nothing. Was filled for .09 on IB, then TOS would only allow .05 increments, so bought there for .10, then went back to IB, bidding .09 for more and was filled for .06. I was charged zero commission for the .09 bunch, but 1.44 per option on the .06 bunch.

Brokers can be nutty.

SPX 9-dte stopped

#SPX1dte Stopped $SPX Jun 26th 2960/2985 calls spreads for 5.60. Condors sold for 3.00 on Monday.

#earnings KMX

Sold a fuzzballish Big Lizard, July 19, 72.70/80/82.50/85 #ironcondor for 2.82. Thanks for the data Jeff.

KMX dub cal

#Earnings Bought to Open $KMX Jun21/Jun28 83 #DoubleCalendar for .43. Filling slowly, 1 lot every minute or so.

KMX earnings analysis

#Earnings $KMX reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.

March 29, 2019 BO +9.61%
Dec. 21, 2018 BO +3.94%
Sept. 26, 2018 BO -1.60%
June 22, 2018 BO +12.86% Biggest UP
April 4, 2018 BO +4.61%
Dec. 21, 2017 BO -3.60%
Sept. 22, 2017 BO +7.77%
June 21, 2017 BO +0.80%
April 6, 2017 BO +2.36%
Dec. 20, 2016 BO +6.09%
Sept. 21, 2016 BO -2.04%
June 21, 2016 BO -4.91% Biggest DOWN

Avg (+ or -) 5.02%
Bias 2.99%, positive bias on earnings.

With stock at 82.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 77.07 to 87.93
Based on AVERAGE move over last 12 quarters: 78.36 to 86.64
Based on MAXIMUM move over last 12 Q’s (12.9%): 71.89 to 93.11
Based on UP Max only (-4.9%): 78.45

Open to requests for other symbols.

#doublecalendar

RHT earnings ???

#Earnings $RHT reports tonight, but there is no volatility or premium in options expiring tomorrow. I don’t know what’s going on, because all sources say it reports tonight. Time to buy a buttload of long straddles? Anyone know what’s up?

Below are details on earnings one-day moves over the last 12 quarters.

March 25, 2019 AC +0.29%
Dec. 17, 2018 AC 0.00%
Sept. 19, 2018 AC -6.53%
June 21, 2018 AC -14.23%
March 26, 2018 AC +0.86%
Dec. 19, 2017 AC -5.32%
Sept. 25, 2017 AC +4.07%
June 20, 2017 AC +9.58%
March 27, 2017 AC +5.20%
Dec. 21, 2016 AC -13.88%
Sept. 21, 2016 AC +3.86%
June 22, 2016 AC -1.70%

Avg (+ or -) 5.46%
Bias -1.48%, negative bias on earnings.

With stock at 188.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 187.23 to 189.77 (???)
Based on AVERAGE move over last 12 quarters: 178.21 to 198.79
Based on MAXIMUM move over last 12 Q’s (14.2%): 161.88 yo 215.32
Based on UP Max only (+9.6%): 206.56

Open to requests for other symbols.

NUGT at 1-year highs

#ContangoETFs Sold $NUGT Dec 35 calls for 2.85
Also followed @Ramie77, sold Sept 35 calls for 1.40

UBER rolling continues

#Earnings BTC $UBER June 21st 40/46 strangles for .15. Sold for 1.05 on June 5th, as a roll from busted earnings trade.

#Rolling again: Sold $UBER July 12th 42/48 strangles for 1.25. Only partial fill, may have to lower to 1.20.

More NUGT

Sold $NUGT 9/20 35 calls @ 1.40. Highest strike in Sep.

LABU

#ShortPuts – Booking and selling new at the breakout level just below the 50ma. Trying to roll an itm covered call also so wouldn’t mind a pullback.

Bought to Close LABU JUN 21 2019 45.0 Put @ .05 (sold for 2.65)
Sold LABU JUL 26 2019 45.0 Put @ 2.20

#coveredcalls

SPX 1-dte stopped

#SPX1dte Closed $SPX June 20th (monthlys) 2970/2990 call spreads for 1.75. Condors sold yesterday for 1.00. Cannot allow this to sit overnight as settlement on monthlys is Friday morning’s open. I’ll let the put side expire then.

Good morning

All things hinge on the Fed… finally getting the VIX drop that just would not come.

SPX 1 DTE Expired / TWLO Closed Early / Rolled HIIQ Puts

#spxcampaign #spx1dte
$SPX 6/19 2865/2845/2965/2985 IC. Thank you @jeffcp66

#bups
Closed Early
$TWLO BTC 6/21 130/135 BUPS at .20. STO at 1.70.

#shortputs
$HIIQ BTC 6/19 26 puts and STO 7/19 27 puts at added 2.80 credit.

FB

STO $FB 7/19/2019 165/175 #BuPS @1.20. The 175 Put is 20 delta. Earnings 7/24 (after expire).

ADBE

BTC $ADBE 6/28/2019 255/265 #BuPS @.12.

SPX 1-dte

#SPX1dte Sold $SPX June 20th (monthly) 2845/2865-2970/2990 condors for 1.00, IV: 16.31%, SPX 2922.

NTES

#ShortPuts – For the 8th time this year. Selling just below the 200ma and 2 weeks before earnings. G20 will probably move this thing around a little…

Sold NTES JUL 26 2019 237.5 Put @ 3.03

Continuing to add to NUGT

Sold $NUGT 9/20 31 calls @ 1.15, adding at a higher strike. I had an order in from this morning and got filled but I probably should have waited–you can get quite a bit more now (or maybe a higher strike).
My position is now short:
9/20 26 calls
9/20 30 calls
9/20 31 calls

Get out the way

#SPX1dte Closing call side on a couple condors before the FOMC report. I see the possibility of a strong rally if rates cut, but not a huge dive if they are not. Even so, I have a lot of room to downside in the put sides; call sides were tighter.

BTC $SPX june 19th 2965/2985 call spreads for .20. Condors sold yesterday for 1.00.
BTC June 20th (monthlys) 2960/2980 call spreads for 1.90. Condors sold for 2.50 on June 12th.

#ironcondor LYFT

#tastytradefollow Sold July 19, 52.50/60/70/77.50 iron condor for 2.50.

#closing CMG

June 12, sold July 19, 800/810 call spread for 1.75, bought today for .65, still have a butterfly, going to Q’doba for lunch.

ORCL earnings analysis

#Earnings $ORCL reports tonight. Below are details on earnings one-day moves over the last 12 quarters.

March 14, 2019 AC -0.20%
Dec. 17, 2018 AC +0.26%
Sept. 17, 2018 AC -0.30%
June 19, 2018 AC -7.45%
March 19, 2018 AC -9.43% Biggest DOWN
Dec. 14, 2017 AC -3.76%
Sept. 14, 2017 AC -7.67%
June 21, 2017 AC +8.56% Biggest UP
March 15, 2017 AC +6.22%
Dec. 15, 2016 AC -4.30%
Sept. 15, 2016 AC -4.74%
June 16, 2016 AC +2.69%

Avg (+ or -) 4.63%
Bias -1.68%, negative bias on earnings.

With stock at 52.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 49.84 to 55.16
Based on AVERAGE move over last 12 quarters: 50.07 to 54.93
Based on MAXIMUM move over last 12 Q’s (9.4%): 47.55 to 57.45
Based on UP Max only (+8.6%): 56.99

Open to requests for other symbols.

BYND

BTC $BYND 6/21/2019 110/120 #BuPS @0.10 – STO in 2 lots – average price 1.155.

Have an order in to close yesterday’s ADBE #BuPS, but no fills @.20.

TQQQ Combo

BTO July 19, combo for a debit of 1.72

BTO 61 calls @ 3.83

STO 74 calls @ .26

STO 55 puts @ 1.85

#coveredcallcampaign AVGO

Sold July 5, 300 call for .66, cost basis of assigned shares is down to 295, stock is at 276 with a 2.65 ex-div date coming Friday.

EHTH BUCS

#bullcallspreads
$EHTH BTO 7/19 75/80 BUCS at 2.19. Stock at 75.06.

ADBE Limping Lizard??

#earnings
$ADBE BTO 6/21 272.50/277.50 BUCS at 3.04 and STO 6/21 ADBE 267.50 put at 1.99. If stock stays inside expected moves this will work. @jeffcp66 thank you for the stats. Terrific resource.

SPX 1-dte

#SPX1dte Sold $SPX June 19th 2845/2865-2965/2985 condors for 1.00. IV: 15.24%, SPX 2920.

IV has spiked due to Fed announcement tomorrow. Manage risk and watch your positions for the 2pm ET release.

#calendarspreads LULU DIS XLE

Following at TastyTrade
LULU bought, July 12, short 175 put/Aug. 2 long 175 put spread for 1.50
DIS bought, short July 19, 145 call/long Aug. 16 145 call spread for 1.75
XLE bought, short July 19, 61 put/long Aug. 16 61 put spread for .48

ADBE

STO $ADBE 255/265 6/28/2019 #BuPS @1.4. Stock at 277.80. 265 put at 22 delta. Current IV at 28.05.

Thanks for Earnings Analysis @jeffcp66

BA

BTO January 2021, 370/390 bull call spread at 9.00

I am short the 300 and 250 puts for 2020 which will pay for 55% of the trade if they expire at zero.

TSLA Bear Call

#bearcallspreads
$TSLA STO 7/19 230/240 BECS at 1.91. I have nothing against “clean” energy. Just saying. ;-]

BYND

BTC 180/190 6/21/2019 #BeCS @1.5 for a loss of .45. Was STO 6/14. Too much crazy.

Still holding 110/120 6/21/2019 #BuPS

FB Close Bear Call

#bearcallspreads
$FB BTC 185/190 BECS at 2.75 STO at 1.60 on 6/11

NFLX Rolling Covered Calls

#coveredcalls
$NFLX BTC 6/21 352.50 and STO 6/28 357.50 for even. Stock at 357.14

ADBE earnings analysis

#Earnings $ADBE reports tonight. Below are details on earnings one-day moves over the last 12 quarters.

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%
Sept. 20, 2016 AC +7.11% Biggest UP
June 21, 2016 AC -5.72%

Avg (+ or -) 3.76%
Bias -0.42%, slight negative bias on earnings.

With stock at 278.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 266.34 to 290.66
Based on AVERAGE move over last 12 quarters: 268.03 to 288.97
Based on MAXIMUM move over last 12 Q’s (7.3%): 258.23 to 298.77
Based on UP Max only (+7.1%): 298.30

Open to requests for other symbols.

Closed AVGO

#Earnings #Rolling BTC $AVGO June 21st 267.5/262.5 put spreads for .40. Sold Friday for 2.40 as a roll from busted earnings trade. Ending profit from original condor sale: .85.

TNDM Rolling Puts

#shortputs
$TNDM BTC 6/21 68.50 puts and STO 7/19 70 puts for 3.30 credit. Stock at 65.98

Closing AVGO

Bought to close $AVGO 7/19 250/240 bull put spread @ .85. Sold for 2.40 on 6/14.

BYND

#ShortCalls – I’ve been real good this year about avoiding these kinds of stocks that make no sense…(see Iceman’s post below)…but couldn’t help myself. Giving back a couple of my earnings trades winners here and walking away. Could be at 90 or 290 by Friday so see ya! Lesson learned.

Bought to Close BYND JUN 21 2019 190.0 Call @ 9.60 (sold for 1.60)

FOMC decision on rate cut is tomorrow

2pm ET

NFLX TSLA NVDA AVGO

BTC $NFLX 315/325 6/21/2019 #BuPS @0.08. Was STO 6/14 @1.25.
STO $NFLX 330/340 6/28/2019 #BuPS @1.15
BTC $NVDA 125/135 6/21/2019 #BuPS @0.08 Was STO 5/24 @1.55.
STO $NVDA 130/140 7/19/19 #BuPS @1.5
BTC $TSLA 185/195 6/21/2019 #BuPS @0.08 Was STO 6/13 @1.05.

BTC $AVGO 240/250 6/21/2019 #BuPS @0.10 ( no fills at 0.08) Was STO 6/7 @1.35

Looking at unwinding a $BYND IC. Started with a 110/120 #BuPS and (foolishly?) added a 180/190 BeCS leg late last week.

Good morning

We have a new web page for options bistro. I had hard time finding this page on this site but, I have found it.

UVXY XBI

#DiagonalBearCallSpreads #ShortPuts – A couple today…

Bought to Close UVXY JUN 21 2019 42.5 Call @ .15 (sold for 2.30)
Bought to Close XBI JUN 21 2019 78.0 Put @ .10 (sold for 2.00)

FB AMZN ISRG FB Spreads Closed / SPX Campaign / LABU Covered Call

#bups
$AMZN BTC 6/21 1750/1740 at .15. STO at 2.15.
$AMZN BTC 6/21 1815/1765 at 1.80. STO at 11.50 Thank you @ramie77
$FB BTC 6/21 180/190 BUPS at 4.50. STO at 2.60
#bucs
$ISRG STC 6/21 480/500 at 17.20. BTO at 10.00

#spxcampaign
$SPX STO 6/26 2795/2770/2960/2985 IC at 2.80

#coveredcalls
$LABU STO 6/28 48 call at 1.70

TQQQ

BTO July 19, 58 calls at 4.15 for a small trade.

Adding NUGT

I’m already short the Sep (9/20) 26 calls. Just added (sold) 9/20 30 calls @ 1.05.

Closing VXX put spread

Sold to close 6/21 31/26 bear put spread @ 3.82. Bought for 2.51 on 5/29. 52% profit.

TQQQ covered call

Sold against stock from assignment. STO 7/19 64 call @ 1.52. I was assigned at 64 so if called away in July, position will be closed for an overall profit.

Taking profits on FB

Bought to close $FB 7/19 165/155 bull put spread @ .59. Sold for 1.72 on 6/12.

Jeff

Same to you and everyone

SPX 9-dte

#SPX1dte Happy Summer Solstice Week, everyone!

Building back some of the hits I took on the screaming run higher:

Sold $SPX June 26th 2770/2795-2960/2985 condors for 3.00.
Smaller account i sold the 5-wide with same shorts for .75

#closing #earnings AVGO

Sold a July 5 big lizard/iron condor for 5.15 bought today for 4.65, too high priced of a stock to mess around, alread assigned 100 shares from last earnings.

Options Expiration

#spxcampaign #spx1dte
$SPX 2840/2820/2915/2930 IC. Sold for .90. Thank you @jeffcp66

#shortcalls
$CLX 160 call. Covered. Sold stock at same time. Gathering shekels while I may.
$LABU 46 call

Happy Father’s Day and a wonderful weekend for all.

Options Expiration

#OptionsExpiration – Just one. A nice chunk of EWZ stock called away for a small gain…

EWZ stock called away @ 40.0 (basis 39.41)

EWW

#ShortPuts – Stock looking weaker and no sense waiting two weeks for a few pennies. Watching for a re-entry…

Bought to Close EWW JUN 28 2019 41.5 Puts @ .13 (sold for .87)

NVDA

#ShortPuts – Another good week for this one. Still trading near the bottom of it’s range…

Bought to Close NVDA JUN 14 2019 145.0 Put @ .30 (sold last Friday @ 2.40)

Sold NVDA JUN 28 2019 140.0 Put @ 2.52

AVGO roll

#Earnings #Rolling Sold $AVGO June 21st 267.5/262.5 put spreads for 2.40.

I have the 270/267.5 put spread expiring today, so at the moment it will be max loss of 2.50. So I rolled to next week, going down ne stark and also widening to 5.

But it is rallying now so loss may be less than 2.50. I wanted to sell the roll before its price dropped much more.

Closing AVGO

Bought to close $AVGO 7/19 230/320 strangle @ 1.75. Sold for 2.92 yesterday.

VXX put spread

Bought $VXX 7/19 28/24 bear put spread @ 1.94 debit. About 1:1 risk/reward. Breakeven 26.06 in 36 days with VXX currently at 27.38.