A TRADE: HIIQ is a weekly for next week. ;>)
HIIQ STO 6/21/19 30.0 CALLS @.65 Semi covered.
Have a great and safe weekend everybody.
Recent Updates Page 249
SPX 1-dte
#SPX1dte Sold $SPX June 17th 2830/2850-2915/2935 condors for .90. (IV 7.28%, SPX 2887)
Expiring today: June 14th 2825/2845-2915/2935 condors, sold yesterday for 1.00
SQ News…
Square Stock May Get a Boost From Its Cash Card, Analyst Says — Barrons.com
DOW JONES & COMPANY, INC. 1:17 PM ET 6/14/2019
The loyalty features that come with Cash Card from payments company Square can help grow revenue, rather than be a drag on the company’s margins, KeyBanc’s Josh Beck said in a note to clients Friday.
Square stock was down about 1% in Friday trading.
The back story. The company’s stock is up more than 27% in 2019, which is something of a lull for shares that have almost tripled over the past two years.
That longer-term surge has been driven by fast revenue growth due in part to the rising use of credit and debit cards. Square’s Cash app, which competes with PayPal’s Venmo, has also increased in popularity. The Cash Card is a debit card that is linked to customers’ Cash app accounts. That let’s them spend the money in the Cash app for purchases anywhere Visa is accepted.
The Cash Card’s loyalty program is called “Boost” and it lets cardholders choose to receive discounts of 10% or more at various restaurants or coffee shops.
What’s new. The question, Beck noted, is does “the popularity of the loyalty feature crimp Square economics or is it a catalyst to drive ‘everyday’ type of spend and ultimately improve engagement?”
Beck’s analysis left him “more positive on the revenue potential for Cash Card,” he wrote. Overall, the financial cost of the loyalty program will be “more than offset by higher engagement,” from Cash cardholders, he concluded.
Looking ahead. Beck thinks that Square will compound annual revenue growth of about 35% over the next three years and will hit have a 26% margin by 2021. His target price is $100 a share, which represents about 40% upside.
BYND
#ShortCalls – My first trade in this thing. May add a put on any weakness. Expected move of about 23 points next week.
Sold BYND JUN 21 2019 190.0 Call @ 1.60
Econ Calendar for week of 6/24/19
Link to calendar: https://us.econoday.com/byweek.asp?day=24&month=6&year=2019&cust=us&lid=0
TNA
#CoveredCalls – Re-load…
Bought to Close TNA JUN 14 2019 58.5 Call @ .10 (sold for 1.55)
Sold TNA JUN 28 2019 59.0 Call @ 1.80
Closing BYND
Bought to close $BYND 7/19 90/80 bull put spread @ 1.00. Sold for 2.25 on 6/11.
Unrelated–I have a strange hankering for a cheeseburger.
STO $NFLX 315/325 6/19 #bups…
STO $NFLX 315/325 6/21/19 #bups @1.25. 325 puts are ~21 delta.
TRADES: After I did the…
TRADES: After I did the trades, I realized it was a rollup.
GOOS BTC 6/21/19 35.0 PUTS @.35
GOOS STO 6/21/19 37.0 PUTS @1.15 In The Money (ITM)
AVGO Earnings For an IRA,…
AVGO Earnings
For an IRA, closed Jun14 260 #shortputs for about 70% max profit and rolled to Jun21 257.50 for net credit of 2.35. This gets my basis, if assigned next week, near its recent low. IVR was still above 60 earlier in the session when I made the roll.
BYND Quick Puts
#longputs
$BYND BTO 6/14 150 puts at 1.85 and STC 15 minutes later at 3.98. Stock often jumps in morning and has down periods approaching lunch and closing. Luck is important too! 😉
AVGO post-earnings
Sold $AVGO 7/19 250/240 bull put spread @ 2.40.
AVGO Earnings
#Earnings #JadeLizards – A little bounce is letting me out for a decent profit.
Bought to Close AVGO JUN 14 2019 265/280/285 Jade Lizard @ 2.80 (sold for 5.10)
Closed the put side and letting call side expire…
NFLX Roll CC
#coveredcalls
$NFLX BTC 6/14 365 calls and STO 6/21 352.50 calls at 2.01 credit. Stock at 339.49.
TSLA AVGO
BTC $TSLA 6/14 195/205 #BuPS @0.12 Was STO 6/11 @1.35 to offset the loss from a 215/225 #BeCS that started as a 6/19 and got rolled to 7/19 @ -1.09.
BTC $AVGO 305/315 6/19 #BeCS @0.06. Added this to my previously noted 240/250 6/19 #BuPS late yesterday pm @.68. Considered, and now wish I’d done the 300/310 #BeCS instead. #BuPS side is bouncing about break even, at the moment, but is still 7 DTE.
AVGO Jade Lizard
#jadelizard
$AVGO BTC 6/14 265 put at 4.50. STO at 2.45. When BECS 280/285 expires tonight, trade will lose .60.
Markets
AVGO strangle
Borrowing another TT idea.
Sold $AVGO 7/19 230/320 strangle @ 2.92.
Earnings play but expiration in July.
SPX 1-dte
#SPX1dte Sold to Open $SPX June 14th 2825/2845-2915/2935 condors for 1.00. (IV: 11.41%, SPX 2882)
AVGO condor
#Earnings Sold $AVGO 267.5/270/290/292.5 #IronCondor for 1.35. Better than 1:1, with a bullish lean.
#earnings #closing RH
bought July 19 60/140 strangle for .75, sold yesterday for 1.25.
AAL up 6.5% on JPM…
AAL up 6.5% on JPM note
IVR is only 20 though.
#earnings AVGO
Followed fuzzball but added some time and protection.
Sold July 5, 250/262.50/280/285 big lizard as they call it, I think, for 5.15 Thanks Fuzzball and Jeff.
SPX 1-dte GOOGL and AMZN For tomorrow:
Bull Put SPX sell 2850 / buy 2845 0.20 – 0.25
Bull Put AMZN sell 1835/ buy 1830 0.20-0.25
Bull Put GOOGLE sell 1075/ buy 1070 0.20-0.25
DIS covered calls
Sold $DIS 7/19 145 calls @ 1.33 (covered). This is a partial hedge against my stock position.
AVGO Earnings
#Earnings #JadeLizards – Playing this one with max downside protection again and no upside risk. Breakeven just outside the expected move and at the 200ma…
Sold AVGO JUN 14 2019 265/280/285 Jade Lizard @ 5.10
Closing LULU
Bought to close $LULU 150/155/185/190 iron condor @ .45 for 80% of the max profit.
Out of the Frying Pan Closing BYND Puts
Too hot in the kitchen.
#shortputs
$BYND BTC 6/14 150 puts at 10.7. STO Monday at 10.50. If only I had an asbestos suit on. Price now at 8.60.
#closing IRBT
May 3, sold 85/125 strangle for 1.80 after an earnings drop (wasn’t quite done going down), bought today for .55.
NTES REGN UVXY
#ShortPuts #CoveredCalls #DiagonalBearCallSpreads – A little bit of everything today…
Bought to Close NTES JUN 14 2019 247.5 Put @ .10 (sold for 3.40)
Bought to Close REGN JUN 14 2019 320.0 Call @ .10 (sold for 4.10)
Sold REGN JUN 28 2019 317.5 Call @ 3.13
Bought to Close UVXY JUN 14 2019 40.0 Calls @ .05 (sold for 2.20 and 2.50)
LULU RH Earnings
#Earnings – No harm no foul and made a little…
Bought to Close LULU JUN 14 2019 152.5/170.0/172.5 Jade Lizard @ 2.14 (sold for 3.10)
Bought to Close RH JUN 14 2019 80.0/100.0/103.0 Jade Lizard @ 3.01 (sold for 3.15)
Looking at a similar play on AVGO now…
#earnings #closing LULU
bought July strangle for .45, sold yesterday for 1.65.
Closing RH
Bought to close $RH 8/16 75 puts @ .80. Sold for 3.10 on 4/2.
LULU Jade Lizard
#earnings
$LULU BTC 170/172.5 BUCS at 2.20 STO at 1.15. Will let the put expire and net on trade .85. Thank you @fuzzballl.
And very happy for you and the Blues.
Closing CTL
Bought to close $CTL 6/21 10 puts @ .04. Sold for .33 on 5/9.
AVGO earnings analysis
#Earnings $AVGO reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
March 14, 2019 AC +8.23% Biggest UP
Dec. 6, 2018 AC +0.58%
Sept. 6, 2018 AC +7.69%
June 7, 2018 AC -2.53%
March 15, 2018 AC -4.81% Biggest DOWN
Dec. 6, 2017 AC 0.00%
Aug. 24, 2017 AC -3.70%
June 1, 2017 AC +8.49%
March 1, 2017 AC +0.99%
Dec. 8, 2016 AC +4.90%
Sept. 1, 2016 AC -2.24%
June 2, 2016 AC +4.93%
Avg (+ or -) 4.09%
Bias 1.88%, positive bias on earnings.
With stock at 282.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 265.11 to 299.89
Based on AVERAGE move over last 12 quarters: 270.94 to 294.06
Based on MAXIMUM move over last 12 Q’s (8.5%): 258.52 to 306.48
Based on DOWN Max only (-4.8%): 268.91
Open to requests for other symbols.
IRBT closing adjusted trade
Getting out for near breakeven/small profit.
Bought to close $IRBT 7/19 90/95 strangle @ 7.05.
Original trade was short May 95 puts. Rolled down and out to June 92.50 puts, then added Jun 95 calls. Subsequently rolled the position out to July 90/95 strangle. Overall profit after adjustments is .28. Lots of work to get back to even but I’ll take it.
LULU
BTC the July 19, 130/210 strangle at .42 cents. Sold yesterday at 1.66
Hat tip to Fuzzy for the idea.
LULU
YESSSS!!!!!
Congratulations to the St. Louis Blues
Happy for you Fuzzy, and all long-suffering Blues fans!
Game 7
I feel like I might have jinxed game 6, so I’m not gonna say anything about who’s gonna win tonight, Fuzzy. All I’ll say is enjoy the game. It’s looking to be a great one!
SPX 1-dte
#SPX1dte BTC $SPX June 14th 2815/2790 put spreads for .25. Sold for 2.50 on Friday.
Expired: June 12th 2825/2845/2920/2940, sold yesterday for .95.
SPX Campaign Close Early and Expire
#spxcampaign
$SPX BTC 6/14 2815/2790 BUPS at .50. STO for 2.45 on 6/7
#optionsexpiration
$SPX 6/12 2850/2825/2920/2940
Thanks @jeffcp66
LULU earnings
Sold 6/21 150/155/185/190 iron condor @ 2.25 credit.
Stock around 170.30. Short strikes right at expected move (+/- 15 points).
Play Puts
#shortputs
$PLAY STO 7/19 40 put at 2.30.
#fallingknife PLAY is down 22%
#fallingknife
PLAY is down 22%
SQ
#ShortPuts – Completely out of this now…
Bought to Close SQ JUN 21 2019 60.0 Puts @ .10 (sold for 1.06)
Adding to DRIP
Added a bit to this position (at the highest strike in Sep). Sold 9/20 21 calls @ 2.20 with DRIP at 16.07. My previous sales were at 1.55. Still pretty far out of the money but making a strong move up on the continued hammering of oil.
RH Earnings
#Earnings #JadeLizard – Never had much luck with this one but IV is high enough to give it a shot…
Sold RH JUN 14 2019 80.0/100.0/103.0 Jade Lizard @ 3.15
LULU Earnings
#Earnings #JadeLizards – My usual. Playing max downside protection with no upside risk. Would get the stock at a basis right at the 200ma.
Sold LULU JUN 14 2019 152.5/170.0/172.5 Jade Lizard @ 3.10
#brokenwingbutterfly #shortcallspreads CMG
Combination TastyTrade/ @ramie77 concepts
Sold July 19, 785/795/795//815 butterfly for 1.00. This is profitable below 806.
Sold July 19, 800/810 call spread for 1.75.
CMG is up 7 days in a row (thought I heard of some 3 day rule), some 100 points or so.
#earnings LULU
Sold July 19, 130/210 strangle for 1.65. Thanks for the data Jeff.
FB put spread
Sold $FB 7/19 165/155 bull put spread @ 1.72.
#closing LRCX
January 23 I sold a 120/160 earnings strangle. It quickly tore threw 160 and up to 209 after April earnings.
I adjusted this trade 7 times, went inverted and assigned short shares while having a short 185 put. LRCX is down about 8 to around 180 today. I closed the position and made about $3, yes $3.00, not $300.00. It wasn’t the best use of capital as TDA was requiring over 8K in margin for awhile. However I’m unscathed and looking at LULU and RH.
RH earnings analysis
#Earnings $RH reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
March 28, 2019 AC -21.96%
Dec. 3, 2018 AC +10.90%
Sept. 4, 2018 AC -13.06%
June 11, 2018 AC +30.54%
March 27, 2018 AC +22.48%
Dec. 5, 2017 AC +0.79%
Sept. 6, 2017 AC +44.75% Biggest UP
June 1, 2017 AC -25.69% Biggest DOWN
March 28, 2017 AC +14.94%
Dec. 8, 2016 AC -18.13%
Sept. 8, 2016 AC +3.08%
June 8, 2016 AC -21.23%
Avg (+ or -) 18.96%
Bias 2.28%, positive bias on earnings.
With stock at 93.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 78.98 to 108.02
Based on AVERAGE move over last 12 quarters: 75.77 to 111.23
Based on MAXIMUM move over last 12 Q’s (44.8%): 51.66 to 135.34
Based on DOWN Max only (-25.7%): 69.48
Open to requests for other symbols.
LULU earnings analysis
#Earnings $LULU reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
March 27, 2019 AC +14.12%
Dec. 6, 2018 AC -13.36%
Aug. 30, 2018 AC +13.08%
May 31, 2018 AC +16.31% Biggest UP
March 27, 2018 AC +9.21%
Dec. 6, 2017 AC +6.42%
Aug. 31, 2017 AC +7.19%
June 1, 2017 AC +11.54%
March 29, 2017 AC -23.43% Biggest DOWN
Dec. 7, 2016 AC +15.04%
Sept. 1, 2016 AC -10.55%
June 8, 2016 BO +4.90%
Avg (+ or -) 12.10%
Bias 4.21%, positive bias on earnings.
With stock at 171.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 154.13 to 187.87
Based on AVERAGE move over last 12 quarters: 150.32 to 191.68
Based on MAXIMUM move over last 12 Q’s (23.4%): 130.93 to 211.07
Based on UP Max only (+16.3%): 198.89
Open to requests for other symbols.
UVXY
#DiagonalBearCallSpreads – Let’s give Mr. Market something to shoot at…
Sold UVXY JUL 5 2019 40.0 Call @ 2.00
SPX roll
CMG call spread
Borrowing an idea from Tom at TastyTrade. Sold $CMG 7/19 750/760 bear call spread @ 3.60. Stock at 729.40 up almost 15% over the last week. Daily chart shows resistance around the current price.
#assignment LRCX
I was assigned last night on LRCX, short 100 shares, at 165 from a January earnings trade gone bad that has been rolled and rolled and rolled. LRCX is at 189. I have a June 21, 185 short put and have collected $2275 in premium. This may workout ok.
Closing a VXX put spread
Hit my 50% profit target, so sold to close 6/21 32/27 bear put spread @ 3.75. Bought for 2.44 on 6/3.
SPX 1-dte
#SPX1dte Sold $SPX June 12th 2825/2845-2920/2940 condors for .95. (IV 11.85%, SPX 2881)
A TRADE: Thanks to Ramie…
A TRADE: Thanks to Ramie with a different expiration.
A Jade Lizard
HIIQ STO 6/21 34.0 CALL @.51
HIIQ BTO 6/21/19 CALL @.23
HIIQ STO 6/21/19 PUT @.92 =118.42 NET
BYND put spread
Sold $BYND 7/19 90/80 bull put spread @ 2.25. Going far out of the money with the short strike at 14 delta and more than 40 points out of the money.
There’s some meat on the bone with out of the money option premium. See what I did there?
Rolling BYND #ShortPuts – Jun14…
Rolling BYND #ShortPuts – Jun14 125 to Jun28 110 (bottom of the breakout level) for 1.45 credit.
EEM
#ShortPuts – Slow week so far…taking these off early.
Bought to Close EEM JUN 21 2019 39.0 Puts @ .04 (sold for .52)
A TRADE:
GOOS STO 6/14/19 35.0 PUTS @ 1.00 Near the money
TNDM Rolling Puts
#shortputs
$TNDM BTC 6/14 68.50 put and STO 6/21 68.50 put at .95 credit
AMZN Partial Close BUPS
BA Close BECS / CRM BUPS
#bearcallspreads
$BA BTC 6/21 370/380 BECS at .70. STO at 1.88 on 5/23. Thank you @ramie77
#bups
$CRM STO 7/19 145/155 BUPS at 4.00
SPXpire
#SPX1dte No trades today… but this expired:
$SPX June 10th 2805/2825-2920/2940 condors, sold Friday for 1.00.
SPX 1-dte expiring
TQQQ
STO June 21, 55 puts @ 1.15
#rolling TSLA again
May 15, sold a June 21, 180/275 strangle for 2.97, I was worried about the downside.
May 31, rolled the call down to June 21, 190 at the exact wrong time. Today I rolled it all to a July 5, inverted 185 call/200 put strangle. I have collected $2724 in premium. arrggghh
Options Bistro 