#closing WYNN
In August I was assigned on a 155/165 put spread. Through all sorts of wrangling and dividends I was able to get the basis down to 136. Closed out today, making a little over $200. The takeover announcement, earnings coming up and being in the black led me to close the position.
Taking another stab at GE #shortputs. STO May24 8.5 puts for .33, right at 30 delta.
Bought to close $TSLA 4/18 250/240 BuPS @ .80. Sold for 1.77 on 4/4.
#ShortPuts – Starting a new position. Hoping to average down a couple times.
Sold 1 SOXL MAY 17 2019 120.0 Put @ 3.13
#ShortPuts #PieTrades Sold $T July 32 puts for 1.50.
#CoveredCalls – Thought I might sneak by on this one but no. Called away early with the ITM calls next week and ex-dividend today. Lost the divvy but a decent gain. Earnings on the 24th so will re-load with any more weakness.
Sold T stock @ 31.00 (basis 29.63)
#Earnings $DAL reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 15, 2019 BO +0.16%
Oct. 11, 2018 BO +3.56%
July 12, 2018 BO +1.78%
April 12, 2018 BO +2.93%
Jan. 11, 2018 BO +4.76% Biggest UP
Oct. 11, 2017 BO +0.70%
July 13, 2017 BO -1.76% Biggest DOWN
April 12, 2017 BO -0.52%
Jan. 12, 2017 BO -1.06%
Oct. 13, 2016 BO +1.88%
July 14, 2016 BO +3.58%
April 14, 2016 BO +0.93%
Avg (+ or -) 1.97%
Bias 1.41%, strong positive bias on earnings.
With stock at 57.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 54.79 to 59.21
Based on AVERAGE move over last 12 quarters: 55.88 to 58.12
Based on MAXIMUM move over last 12 Q’s (13.1%): 54.29 to 59.71
Based on DOWN max only (-1.8%): 56.00
Open to requests for other symbols.
Up 8 days in a row and 15 of the last 18!
HIIQ STO 4/18/19 27.0 PUTS @1.50
HIIQ STO 4/18/19 28.0 CALLS @120 Like the company, not the stock. ;>)
NTNX STO 4/12/19 38.5 CALLS @.40 Took 2 hours to get done.
#earnings First Quarter
I put on 38 earnings trades Jan-April 1, 5 were losers, GS being an $800 loser. A few are still out there being rolled, including KR, EA, LRCX , AVGO, LULU and GLW. Most of the trades were strangles and iron condors out several weeks after the earnings dates, plus a few double calendars.
#SPX1dte Another roll: Sold $SPX Apr 17th (weekly) 2815/2840-2925/2950 condors for 4.95.(IV: 10.38%, SPX: 2893)
Also expiring today: Apr 8th 2835/2855-2915/2925 condors, sold Friday for .70.
Finally got this study and am setting it up.
Thanks all for the help.
#DiagonalBearCallSpreads #TakeOneForTheTeam – Let’s see if we can stir up some volatility…
Sold UVXY MAY 3 2019 42.5 Calls @ 1.50
#ShortPuts #IRA – Back in again…
Sold 1 BA MAY 24 2019 325.0 Put @ 3.70
#ShortPuts #IRA – Selling just below the 200 ma and a week prior to earnings. Besides BA this is the biggest drop on my watchlist today.
Sold 1 REGN APR 26 2019 380.0 Put @ 3.50
SYNA STO 4/12/19 35.5 PUTS @.25 Delta .19
NTNX STO 4/12/19 36.5 PUTS @.45 Delta .35
STO January 300 puts @ 10.30 with stock at 376, BAC downgraded the company.
AMD STO 3/12/19 29.0 CALLS @.52
SYNA STO 31218 38.5 CALLS @.45
#fuzzy
QQQ Jan 2020 175/184.5 4/18 for 16.72 debit. Plan is to roll/adjust/close depending on where it is next week.
#pietrades
LNG STO the 4/12 67.5 put for 0.80. Cost basis 66.7 if assigned.
Morning. Rolled my April 12th 21 short calls out a week and up to 23 for a debit of 0.26. This takes my short call above my exit target of 22.80.
https://www.zerohedge.com/news/2019-04-07/welcome-theater-absurd-most-jawboned-market-history
#OptionsExpiration – Just a couple. Letting some stock go for nice gains. Need a pullback to get back in with dwindling inventory.
TNA called away @ 60.0 (basis 55.95)
TQQQ called away @ 50.0 (basis 44.10)
#pietrades
EOG batch 2 assigned at 89 at a cost basis of 92.63. This is a small account and I plan to take it to spreads to juice returns so just wanted to take the loss so I can redeploy capital on Monday.
EOG batch 1 I rolled up to the 97 cc for next week at 6.75 and after selling the 97 for 1.35 cost basis 96.14. I never figured out why it spiked so much yesterday?
FAS 57 cc assigned at cb of 54.20.
ERX 23 cc rolled 2 weeks for 0.5 credit. Cb 21.81
LNG 4/12 67 put sold for 0.54 yesterday.
#lizardpies
EXPE rolled on 4/3 to 37 DTE 113/130/131 for additional credit. Total credit now 3.84 per contract
EXAS STO the 89 put for 4/12 for 1.01, then converted to #jadelizard yesterday 89/89/90 for another 0.6 credit.
SMH closed 4/3 for 0.45 credit per contract
JPM closed 4/4 for 1.08 credit per contract
SQ rolled out to 4/12 for 1.26 credit at 76/76/76.5 strikes. cb 74.74 if assigned.
TNA 60 rolled to 4/12 62.5/62.5/63 for 1.1 credit.
#fuzzy
GILD 65/65 cb at 6.39
GILD 65/65 rolled out 37 DTE yesterday for 1.07 credit. Cb now 7.34
1 more week of surgical recovery then back to work but trading full time the last few weeks has been more than I would make at work so good to know for retirement. However, I am really looking forward to some solid food!
#optionsexpiration
#spxcampaign
$SPX 4/5 2685/2710/2925/2910 Thank you @jeffcp66
#coveredcalls
$GOOS 49 call
#assignment
$NTNX 37.50 put assigned. Basis 36.85 Price 37.17
Sold April 12th 21 calls @ .24
Have a great WE, Thanks Jeff great job
BTO Apr 12 1210/1207.50 BePS $1.14 #supercharger
going down in an up market
#SPX1dte Sold $SPX Apr 8th 2835/2855-2915/2925 condors for .70 (IV: 6.21%, SPX: 2889)
This is a boring day so I will entertain you with my latest problem. It seems that someone set up a FL corporation using my name and address in January of this year. I found out about it by the letters from other services trying to sell them services that came to my address. Any way, I posted a notarized letter on the corporate site at the Dept. of Corporation stating that this was not me and probably a fraud. I then froze my credit and now will wait to see what happens.
NTNX BTC 4/5/19 37.5 PUTS @.50
NTNX STO 4/12/19 37.5 PUTS @1.10 .60 Credit
HIIQ STO 4/19/19 28.0 NTM CALLS @1.20
YETI STO 4/12/19 29.5 NTM PUTS @1.05
$SPY – Initial Claims Suggest Significant New Highs For S&P 500 https://t.co/QPUL5fNze8
— Seeking Alpha (@SeekingAlpha) April 5, 2019
NTNX STO 4/12/19 NTM 38.0 CALLS @.60
AMD STO 4/12/19 29.5 NTM 29.5 CALLS I’ll see if it works next week, like it did this week.
Jerome Powell gets yappy next week
Link to calendar: https://us.econoday.com/byweek.asp?day=8&month=4&year=2019&cust=us&lid=0
#ShortPuts #PieTrades BTC $T April 18th 31 puts for .15. Sold for 1.60 on Jan 22nd.
Replicated my Oct 24th-Jan 18th successful trade. This time it was Jan 22nd to April 18th.
Assignment would be fine on a high-div tock, becomes a PieTrade with covered calls.
I will look to sell July puts in the coming days.
Morning. Closed my short ERX calls at 0.55. I’m going to sit back and cover up later. I’m a bit too enthusiastic on placing trades.
#Jobs Improvement over February lows
+196,000 non-farm payroll jobs, vs. 175K expected
Unemployment at 3.8%, unchanged
U6 unemployment at 7.3%, unchanged
Wages up 0.1%, 3.2% year over year
Labor force participation 63.0%, down by 0.2
February revised up from 20K to 33K
January revised up from 311K to 312K
#rolling
$BURL BTC 4/5 155 call and STO 4/18 160 call at .03 debit. Stock at 156.50
$TQQQ BTC 4/18/56 call and STO 5/17 58 call at .35 added credit. Sold against 1/2020 66.67 call. Stock at 60.48
#shortcalls
$SFLY STO 4/18 42.50 call at .60 (Covered)
January, February and March set up U.S. stocks to move higher in the rest of 2019, if history is any guide. The S&P 500 Index rose in all three months this year for the 20th time since 1950, according to data compiled by Bloomberg. Gains for April through December followed in each of the earlier years except 1987, when stocks crashed in October. The average advance in the nine-month period was 9.5 percent. April and the second quarter were above average for those years as well, Ryan Detrick, a senior market strategist at LPL Financial, wrote Tuesday in a Twitter post based on the three-month performance.
#bullcallspreads
$CRM BTO 5/17 150/165 BUCS at 8.36
On the $TSLA intraday recovery sold 4/18 250/240 BuPS @ 1.77
Afternoon Finally hit the right sequence of keys and some how managed to get the posting screen. Hopefully I can repeat the secret sauce later. Great calendar seminar Jeff. Caught most of it. Sold MU April 12th 45 C @ .35. Sold ERX April 12th 23.5 C @ .30. Sold NUGT April 12th 20 C @ .25 but closed them at @ .41 with the stock at 19. I will resell later.
#SPX1dte Sold $SPX Apr 5th 2825/2845-2910/2925 condors for .95 (IV: 10.36% SPX: 2877)
#ShortPuts – Cleaning up one more…
Bought to Close SOXL APR 18 2019 110.0 Put @ .25 (sold for 2.70)
#Earnings #DoubleCalendar Sold to close $STZ Apr5/Apr12 180 dbl cals for .51 (avg price). Bought yesterday for .785
As I commented below, today’s action is an indication that earnings released in the AM may tend to have more intraday movement than those that report the night before. This is because the conference call will start or continue into the trading hours. For reports in the afternoon, all of the info has been absorbed over night and that could mean less movement.
So, waiting this morning was not such a good idea, because with the perfect opening we need to grab the profit before the ongoing conference call affects the price.
#ShortPuts – Looking to get back in this one so freeing up more buying power….
Bought to Close LABU APR 18 2019 45.0 Put @ .20 (sold for 2.70)
#ShortPuts – Second time in it since earnings so playing it safe…
Bought to Close NTES APR 26 2019 220.0 Put @ .15 (sold for 3.20)
TSLA
STO TSLA Apr18’19 225 PUT 1.24
STO TSLA Apr26’19 220 PUT 2.38
AMD BTC 4/5/19 30.5 CALLS @.03
#ShortPuts #Earnings – Not waiting around another 2 weeks for 15 cents…
Bought to Close STZ APR 18 2019 170.0 Put @ .15 (sold for 2.20)
STO Apr 26 177.5/175 BuPS .91 2x on down grade
Sold $LYFT 5/17 80/90 BeCS @ 1.45
STO Apr 5 275/277.5 BeCS $.38
A TRADE: Not great it looks like at this time. ;>)
SYNA BTO STOCK @39.32
Very interested in how we manage this Dbl Calendar, looking good.
Do we close early on a nice pop or roll shorts out a week and 5 points away?
#coveredcalls
$GOOS STO 4/5 49 call at .65
$BURL STO 4/5 155 call at 1.00
#shortputs
$OLED BTC 4/15 135/145 BUPS at .50 STO on 3/20 for 1.35
$NTNX STO 4/5 37.50 put at .65. Looking to acquire stock.
#SPX1dte #VIXIndicator No upside warning today so I’m selling both sides:
Sold $SPX April 12th 2800/2825-2910/2935 condors for 6.30 (IV 11.82%, SPX 2875)
#ShortPuts – Just for something to do. Going out to April monthly….
Sold 1 STZ APR 18 2019 170.0 Put @ 2.20
#Webinars #Earnings #DoubleCalendar Please include any questions in the comments below!
#Earnings #DoubleCalendar Bought to Open $STZ Apr05/Apr12 180 dbl cal for .78 & .80.
NTNX DAY TRADE MADE .10 PER CONTRACT ;>)
Bought to close $CAT 4/18 130/120 bull put spread for .43. Sold for 1.62 on 2/26.
Bought to close $DIS 4/18 106/101 bull put spread for .30. Sold for 1.07 on 3/20.
NTNX BTO STOCK @37.50 A day or swing trade.
Link for today’s webinar is below!
Topic: Double Calendars on Earnings
Time: Apr 3, 2019 11:00 AM Pacific Time (US and Canada)
Join Zoom Meeting
https://zoom.us/j/558920979
AMD STO 4/5/19 31.5 NTM CALLS @.46
e
Still trying to buy with a discount so far no luck yet
SYNA STO 4/5/19 40.0 PUTS @.60 To buy stock a little cheaper.
NTNX STO 4/5/19 37.5 PUTS @.65 To buy stock etc.
#shortputspread VXXB
Sold May 17, 21/26 for .98, bought the 21 just cuz
#Webinar I’ll be holding a webinar later today on #DoubleCalendar earnings trades. It will be either live or recorded, depending on how smoothly I can get the software operating. Either way, it WILL be recorded for future viewing, so don’t worry if you miss it. Shooting for 2pm ET, 11am PT.
#Earnings $STZ reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
Jan. 9, 2019 BO -12.41% Biggest DOWN
Oct. 4, 2018 BO +5.38%
June 29, 2018 BO -1.78%
March 29, 2018 BO +5.31%
Jan. 5, 2018 BO -0.21%
Oct. 5, 2017 BO +5.41%
June 29, 2017 BO +9.75%
April 6, 2017 BO +9.60%
Jan. 5, 2017 BO +0.47%
Oct. 5, 2016 BO +0.07%
June 30, 2016 BO +6.37%
April 6, 2016 BO +13.07% Biggest UP
Avg (+ or -) 5.82%
Bias 3.42%, strong positive bias on earnings.
With stock at 177.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 167.70 to 187.30
Based on AVERAGE move over last 12 quarters: 167.17 to 187.83
Based on MAXIMUM move over last 12 Q’s (13.1%): 154.30 to 200.70
Based on DOWN max only (-12.4%): 155.47
Open to requests for other symbols.
#SPX1dte Closed Z$SPX Apr 3rd 2885/2895 all spreads for 1.60. Condors sold yesterday for 1.15, so .45 loss. Too tight with the low IV.
Sold to close $VXXB 4/5 33/28 bear put spread @ 4.09. Bought for 2.50 on 3/22.
Options Bistro 