UBER bad

#Earnings So much for my speculative play of a #LongStraddle. Seem like the stock really likes 40. Nonetheless it did bounce around today but was unable to sell at the best times because other commitments had me running around the house and town too much.

Sold $UBER 40 straddle for .45. Bought yesterday for 3.15
#Rolling: Sold $UBER Jun 14th 37/43 #ShortStrangle for 1.00. See if I can work that three times and get back the losses.

That loss erases my decent win on $ANF straddle, leaving me flat for the week.

Also, Sold to close $DG call calendar for .10. Bought #DoubleCalendar for .39 on Wednesday. Long 118 put as lottery ticket for next week.

DG dub cal

#Earnings Bought to Open $DG May31/Jun07 118 #DoubleCalendar for .38 & .39.

INTU closed

#Earnings Sold to close $INTU 245 #DoubleCalendar for 1.35, small loss. Opened yesterday for 1.525.

There was a chance to close with a profit this morning, but I thought the morning weakness would drag it down. But it keeps going higher, so I’m bailing. Often a tough call closing these trades..

Dub Cal updates

#Earnings Paid .02 to close the 110 put calendar on $LOW. It’s too low. Bought for .50 on Tuesday.

Sold to close half of the $CTRP May24/May31 38 #DoubleCalendar for .40. Bought yesterday for .26. Looking to close the rest when price drifts a bit higher, today or tomorrow.

Filled on more of the $INTU dub cal at 1.55. Still only partial fill, but I’m not going to go any higher.

I want to play $SPLK bullish but the market isn’t cooperating with my confidence.

INTU earnings trade & analysis

#Earnings Bought $INTU May 24/May31 245 #DoubleCalendar for 1.50. Only a partial fill, and then price seems to be running higher. This is not heavy mover normally. Positioned slightly bullish since everything has pulled back today, and it has a bullish bias on earnings..

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

Feb. 21, 2019 AC +6.76% Biggest UP
Nov. 19, 2018 AC -2.03%
Aug. 23, 2018 AC +1.96%
May 22, 2018 AC +2.98%
Feb. 22, 2018 AC -0.18%
Nov. 20, 2017 AC -3.79% Biggest DOWN
Aug. 22, 2017 AC -1.90%
May 23, 2017 AC +6.72%
Feb. 23, 2017 AC +6.05%
Nov. 17, 2016 AC +1.91%
Aug. 23, 2016 AC -3.50%
May 24, 2016 AC -2.13%

Avg (+ or -) 3.33%
Bias 1.07%, positive bias on earnings.

With stock at 242.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 253.87 to 276.61
Based on AVERAGE move over last 12 quarters: 234.43 to 250.57
Based on MAXIMUM move over last 12 Q’s (6.8%): 226.11 to 258.89
Based on maximum DOWN only (-3.8%): 233.31

Open to requests for other symbols.

CTRP earnings trade & analysis

#Earnings Out of the three candidates this morning, this one had the best Dub-Cal return and lowest average post-earnings move (other two were $BBY and $NTAP). However, it did have its biggest moves in last two quarters.

Bought $CTRP May 24/May31 38 #DoubleCalendar for .25 and .27. Double size since cost is so low.

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

March 4, 2019 AC +19.77% Biggest UP
Nov. 7, 2018 AC -19.01% Biggest DOWN
Sept. 5, 2018 AC +5.43%
May 22, 2018 AC +3.98%
March 14, 2018 AC -1.94%
Nov. 1, 2017 AC -2.29%
Aug. 30, 2017 AC -2.40%
May 10, 2017 AC -3.52%
Feb. 22, 2017 AC +1.44%
Nov. 23, 2016 AC +9.80%
Aug. 31, 2016 AC +3.40%
June 15, 2016 AC +1.50%

Avg (+ or -) 6.21%
Bias 1.35%, positive bias on earnings.

With stock at 38.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 34.33 to 41.67
Based on AVERAGE move over last 12 quarters: 35.64 to 40.36
Based on MAXIMUM move over last 12 Q’s (19.8%): 30.49 to 45.51

Open to requests for other symbols.

LOW dub cal

#Earnings Bought to Open $LOW May24/May31 110 #DoubleCalendar for .50.