Sold July 19, 130/210 strangle for 1.65. Thanks for the data Jeff.
Recent Updates Page 264
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
Closing a Boeing position
Bought to close $BA 6/21 330/320 bull put spread @ .28. Sold for 1.49 on 5/20.
Eaely Closings BABA EHTH
#earnings
$BABA BTC 6/21 200/145 strangle at .60 STO at 1.80. Thank you @thomberg1201
#bucs
$EHTH STC 6/21 60/70 BUCS at 8.50 BTO at 4.50 on 5/24
FIVE BUPS / LABU Covered Call
#bups
$FIVE STO 6/21 125/130 BUPS at 1.43
#coveredcalls
$LABU STO 6/14 46 call at .80
BYND Entering the Frying Pan
#shortputs
$BYND STO 6/14 150 put at 10.50
#coveredcallcampaign AVGO
Sold June 14, 297.50 call for 2.35, bringing my assigned cost basis to 295. AVGO working it’s way back up, now at 279.
Test
Test
That worked, sorry Jeff
NFLX TQQQ HIIQ Roll CC
#coveredcalls
$NFLX BTC 6/7 357.50 call and STO 6/14 365 call for even. Stock at 360.87
$TQQQ BTC 9/20 70 call and STO 7/5 60 call for even. ETF at 56.17.
$HIIQ BTC 6/21 28 call and STO 7/19 33 call for .60 debit. Stock at 29.70
Will these ever expire?
Have a wonderful weekend.
Shout out to Fuzzy
Go Blues! Great win in Boston last night, taking back home ice advantage and setting up a possible series-ending-Stanley-Cup winning game 6 at home. Scottrade Center errrr Enterprise Center will be rocking! It’s time to end the drought–Sunday night will be it.
Expiring
#OptionsExpiration #Earnings #IronCondor
$FIVE 117/120-138/141 condors, sold Wednesday for 1.31
Have a good weekend all!
ILMN
STC July 19, 320/330 call spread @ 6.50, BTO yesterday @ 4.45
Trying out HIIQ
Thanks @honkhonk81 for bringing my attention to this one.
Sold $HIIQ 7/19 jade lizard–short 26 puts + 34/37 bear call spread–for 3.20 credit.
SPX 1-dte
#SPX1dte Sold to open $SPX June 10th 2805/2825-2920/2940 condors for 1.00. IV: 10.4%, SPX 2875.
Last Friday I sold the 2820/2800… but they were the CALL side.
HIIQ Hahaha, Jeff, did you…
HIIQ Hahaha, Jeff, did you see HIIQ, started to run as I was reading your replies. ;>) Sorry I didn’t do it now. No regrets though. Have a great weekend.
#closing CMG
May 3, sold a June 21, 685/690 put spread for 1.60. CMG went down down down, it’s recovered, trade turned profitable today, bought for 1.15. I thought I would do better, but CMG touched 636 on Monday, up to 713 now, it’s impacted by certain tweets and an African swine disease.
Econ Calendar for week of 6/10/19
Link to calendar: https://us.econoday.com/byweek.asp?day=10&month=6&year=2019&cust=us&lid=0
Euphoria and fear
#Market The Indices continuing a searingly bullish week, but the $VIX is spiking today as well.
I got filled on this trade as the market was going UP…
Sold $SPX June 14th 2815/2790 put spreads for 2.50. (SPX 2877)
NVDA
#ShortPuts – Booking and re-selling…
Bought to Close NVDA JUN 07 2019 145.0 Put @ .10 (sold for 3.05)
Sold NVDA JUN 14 2019 145.0 Put @ 2.40
Hi Jeff, I had a…
Hi Jeff, I had a thought, but it seems to good to me, so I must be missing something. No rush, weekend ok, and that is if you have time.
Stock is HIIQ, and I have the 6/21/19 24.0 Covered Calls. Stock is at28.0. I want to buy back the Calls @4.75, I got 1.30 when I sold them. I want to STO the 28.0 Calls for 2.25. My loss on the 24.0 Calls is 4.75-1.30, or -3.45. I get 2.25 for selling the 28.0 Calls + 4 strikes for a debit of 1.20, 3.45-2.25. This strikes me as being a profitable trade with expiration in 2 weeks. Is it, or am I really missing something. Thank you, HonkHonk81
#shortstrangles XLNX
TastyTrade idea sold July 19, 95/120 strangle for 2.40
#closing #shortstrangles AAPL SQ
AAPL May 9, sold June 21, 180/220 strangle for 2.65, bought today for 1.42
SQ May 3, sold a June 21, 65 put for 1.88, May 21 added a short 75 call, bought today for 1.22.
BYND
BTC $BYND 55/60 Jun 21 2019 #BuPS @.10. Was STO 5/21 @1.0
SPX stopped
#SPX1dte Closed the call spread I sold yesterday… bullish action not stopping. Still a couple points above the 13.67 VIX level that would cancel the Downside Warning. But given the action, I have to stop selling call spreads. Will look to try some put spreads on any minor pullback.
Stopped $SPX June 10th 2870/2895 call spreads for 5.25. Sold yesterday for 2.50.
Also watching June 14th 2890/2915 calls, which have a current stop point of 2867.
May Jobs Report
#Jobs — big drop from April’s blowout
+75,000 non-farm payroll jobs, vs. 180K expected
Unemployment at 3.6%, unchanged
U6 unemployment at 7.1%, down by 0.2
Wages up 0.2%, 3.1% year over year
Labor force participation 62.8%, unchanged
April revised down from 263K to 224K
March revised down from 189K to 153K
ILMN
BTO 320/330 Bull call spread at 4.45
CVNA
BTO 60/50 bear put spread at 3.75
ADBE
BTC $ADBE 255/265 Jun 7 #BuPS @0.08. Was Opened 5/25 @1.65.
SPX 5-dte roll
#SPX1dte Tempting fate, I know. Sold $SPX June 10th (Monday) 2870/2895 call spreads for 2.50.
Commissions
I’m working on a spreadsheet and I’d like to know the various commission structures that you all have (or have had in the past). Can everyone reading this give me a brief explanation in the comments? I will start with what I get from Interactive Brokers. If someone else has already commented with the same structure you have or have had, please don’t repeat it.
I am not looking for dollar amounts (although it is fine if you include them). I mainly need the structure; i.e., if there is a ticket charge, if per option price goes down with higher quantity, if there are set prices on all options or if index/ETF/ etc have different prices, etc.
Thanks!
A TRADE:
HIIQ BTO STOCK @29.78
ss
Lost my computer Sunday night, just am getting back. Also lost my contacts from outlook, does anyone know how to export a text file of my contacts from my iPhone so I can import them in outlook?
A TRADE:
HIIQ STO 6/21/19 27.0 PUTS @1.85
ANF BTC 6/7/19 18.0 PUTS @2.01 Took a beating. ;>( Will revisit tomorrow…….maybe.
FIVE SFIX Earnings
#Earnings #JadeLizards #IronFlies – No interest in messing with these beyond today…
Was looking a little weak so booked it:
Bought to Close FIVE JUN 7 2019 117.0/126.0/129.0 Jade Lizard @1.67 (sold for 3.10)
Pulled back just enough to get out at even:
Bought to Close SFIX JUN 7 2019 21.5/24/24/26.5 Iron Flies @ 2.05 (sold for 2.10)
#assignment WDC
I was assigned on a June 21, 55 put that I have been nursing along since July of 2018 grrr. I had collected $473, stock is at 37. I now have 200 assigned shares with a cost basis of 57. Currently yielding almost 6% at this lower stock price.
Sold June 21, 40.50 call for .47.
TRADES:
HIIQ STO 6/21/19 33.0 CALLS @2.10 & 1.89
HIIQ
BTC July 19, 30 puts at 3.20, sold on Tuesday for 6.00, almost a 50% profit so I decided to book it.
$SPX DTE
Close but no cigar / Last minute heart break. SPX just popped up over 2826 with less than 10mins in the day.
BTC June 5 2825 / 2840 $SPX #BeCS @2.00 – was the call side of an IC opened yesterday for 1.3. I’ll let the 2725/2740 puts expire.
SPX 9-dte
#SPX1dte Too much bullish action not to sell something.
Sold $SPX June 14th 2890/2915 call spreads for 2.00, IV 14.39%, SPX 2826
SFIX Earnings
#Earnings – Lotsa premium in this one. Selling an iron fly just inside the expected move…
Sold SFIX JUN 7 2019 21.5/24/24/26.5 Iron Flies @ 2.10
Risk 40 to make 210
UVXY
#DiagonalBearCallSpreads – Playing it safe. Had to roll this on Friday last week so bailing now.
Bought To Close UVXY JUN 7 2019 40.0 Call @ .26 (sold for 4.39)
FIVE condor
#Earnings Selling this with a bullish lean based on its history… -3.2% on downside, +11.3% on upside
Sold $FIVE June 7th 117/120-138/141 #IronCondor for 1.31.
TQQQ
STO July 40 puts @ 1.08
STO September 35 puts @ 1.48
Testing the water to see if traders are still bearish. Yesterday I sold some September 70/80 bear call spreads for .48 cents
FIVE Earnings
#Earnings #JadeLizard – Going for extra downside protection again so selling the call side at the money. As usual no upside risk and playing for a move down to the 200ma.
Sold FIVE JUN 7 2019 117.0/126.0/129.0 Jade Lizard @ 3.10
A TRADE: New strategy for me.
Had a handful of stock I didn’t want to lose, which I encumbered with short calls. The stock moved up, and I regretted selling the Calls, soooo, I STC the original trade, and BTO a similar trade, 3 strikes higher, with the same expiration. Credit of 1.00, plus extra 3 strikes. Questions solicited. Rolled up but not out.
HIIQ BTC 6/21/19 26.0 CALLS @3.60 Less original premium = loss of $1.00.
HIIQ STO 6/21/19 29.0 CALLS @2.00
UBER roll
#Earnings #StrangleRoll #ThatDidntTakeLong
Sold this strangle Friday as a roll from losing #LongStraddle. Already breached, so rolling. Fortunately, the ATM options are not much more than the strangle sold for.
BTC $UBER June 14th 37/43 #ShortStrangle for 1.40. Sold for 1.00 on Friday.
STO $UBER June 21st 40/46 #ShortStrangle for 1.05
Closing JNJ
Bought to close $JNJ 7/19 120 puts @ .60. Sold for 1.23 on 5/29.
SFIX earnings analysis
#Earnings $SFIX reports tonight. Below are details on earnings one-day moves over the last 6 quarters, its entire history on the exchange.
March 11, 2019 AC +25.20%
Dec. 10, 2018 AC -20.90%
Oct. 1, 2018 AC -35.15% Biggest DOWN
June 7, 2018 AC +26.48% Biggest UP
March 12, 2018 AC -3.60%
Dec. 19, 2017 AC -9.77%
Avg (+ or -) 20.18%
Bias -2.96%, slightly negative bias on earnings.
With stock at 23.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 19.80 to 27.20
Based on AVERAGE move over last 12 quarters: 18.76 to 28.24
Based on MAXIMUM move over last 12 Q’s (35.2%): 15.24 to 31.76
Based on UP Max only (+26.5%): 29.72
Open to requests for other symbols.
FIVE earnings analysis
#Earnings $FIVE reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
March 27, 2019 AC +8.15%
Dec. 6, 2018 BO -2.66%
Sept. 6, 2018 AC +13.31%
June 6, 2018 AC +21.86% Biggest UP
March 21, 2018 AC +4.20%
Nov. 30, 2017 AC -0.46%
Aug. 30, 2017 AC -3.45% Biggest DOWN
June 1, 2017 AC +0.50%
March 22, 2017 AC +10.80%
Dec. 1, 2016 AC +9.87%
Aug. 31, 2016 AC -1.14%
June 2, 2016 AC +2.07%
Avg (+ or -) 6.54%
Bias 5.25%, Strongly positive bias on earnings.
With stock at 124.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 113.86 to 134.14
Based on AVERAGE move over last 12 quarters: 115.89 to 132.11
Based on MAXIMUM move over last 12 Q’s (21.9%): 96.89 to 151.11
Based on DOWN Max only (-3.4%): 119.72
Open to requests for other symbols.
CRM Earnings
#Earnings #JadeLizard – Taking what I can get. Could hold until Friday and hope for a pullback but gonna go ahead and close it.
Bought to Close CRM JUN 7 2019 142.0/150.0/152.5 Jade Lizard @ 2.05 (sold for 2.90)
#earnings #closing CRM
Yesterday sold a June 21, 130/170 strangle for 1.10, bought today for .57
Calls closed
#LongLEAPs #SyntheticCoveredCalls Both sets sold yesterday breached. Waiting before I roll.
BTC $TQQQ June 14th 52 calls for 1.90. Sold for 1.15 yesterday.
BTC $SQ June 14th 64 calls for 1.92. Sold for .97 yesterday.
SPX stops
#SPX1dte Euphoria has gripped the markets! Buy everything!
Took the morning pullback to close my 1-day trade and another one I should have closed yesterday.
BTC $SPX June 5th 2830 calls for 2.10. Will hold short 2840 long calls for more. Condors sold yesterday for .95.
BTC June 7th 2810/2835 call spreads for 11.40. Sold for 2.55 on Monday. Will take a few rolls to recoup this one.
GOOGL BUPS DOVA Calls Closed / Rolled TQQQ Calls
#bups
$GOOGL BTC 6/21 1145/1160 BUPS at total loss. Stock put to me last night. Nightmare!!!
#coveredcalls
$DOVA BTC 6/21 12.5 calls at .10. STO at .73
$TQQQ BTC 6/14 59 and STO 6/7 50 call for .45 credit. Who knew today would be THAT day.
