#earnings #closing #shortputspread NFLX
July 12, sold Sept. 21, 350/360 put spread for 2.20, glad I went out in time as NFLX went from about 400 to about 310 in the month after earnings. Finally turned profitable today, bought for 1.94. Beats losing.
#Earnings BTC $PVTL Sep 21st 34 calls for .05. Condor sold yesterday for 1.70.
The 22.5 puts are recovering from overnight lows. Order in to close for .05 as well. Leaving the long legs as lottery tickets.
#Earnings Taking a shot on this one since premium is high, but defining max risk since this is its first earnings report, and the options expire next Friday.
Short Strikes are about 20% OTM.
Sold $PVTL Sep 21st 17.5/22.5/34/39 condors for 1.70.
#CoveredCallCampaign
Yesterday:
Sold $BABA Sep 28th 170 call for 1.55
Sold $AAPL Sep 28th 227.5 calls for 3.60
#PieTrades
Closed $MU Sep 14th 47.5 covered call for .08. Sold last week for .75. Leaving the deck clear for earnings next week.
Today:
BTC $AMAT Sep 14th 125 covered call for 2.50. Sold last week for 2.00. Ex-div tomorrow, so I’ll wait until after to sell new calls. #PieTrades
#Earnings repair
Sold $TSLA Sep 21st 300 call for 4.25
Sold $RH Sep 28th 135 call for 2.30
#earnings #shortstrangles #closing LULU
August 30, sold a seemingly safe 115/155 strangle for 2.12, stock about 138. LULU touched 160 a couple times, has backed off some, finally became slightly profitable this morning, just under 153, bought the strangle for 1.93, playing it safe and freeing up 3K in margin.
#Earnings Still working my way back from some earnings trades on these two.
Sold $RH Sept 28th 120 puts for 3.25. Will sell calls on a spike up.
Sold $TSLA Sept 21st 260 puts on Friday for 11.95.
Sold $TSLA Slot 21st 300 call yesterday for 2.40.
Just a couple….
$FIVE 104 puts, #Earnings trade sold yesterday for 1.20
$RH 180 calls, sold a couple weeks ago for 3.68
#shortputspread #closing #earnings AVGO
July 15, sold an August 17, 210/215, put spread for 1.00. August 15, rolled it to Sept. 21, 200/210 for 1.34, closed today for .40 after the earnings pop. My initial timing was right, could have closed profitable after about 10 days and avoided the earnings risk, but no, had to try for more which resulted in a de facto risky earnings trade-I feel lucky.
#Earnings Sold $FIVE Sept 28th 100 puts for 1.20. Biggest UP move: 21.9%, Biggest DOWN move: -9.3%, Average move: 6.3%. This trade is -9.7% OTM.
#Rolling #Earnings #CoveredCallCampaign
Had to stop two rolls I made yesterday. I have not re-rolled them, as I’m going to wait for things to settle down and choose my positions carefully.
BTC $FB Oct 5th 165 puts for 6.17.
BTC $RH Sep 28th 129 puts for 7.25.
My IB software has been funky on trade history so I don’t have sale prices handy.
Had to make a few rolls today:
Rolled $FB Sep 14th 170 puts to Oct 5th 165 puts, .10 credit.
Closed $FB Sep 14th 182.5 calls for .20
#Earnings #Rolling Rolled $RH Sep 7th 135 puts to Sep 28th 129 puts, .40 credit.
#CoveredCallCampaign Sold $BABA Sep 21st 177.5 covered call for 1.54 (what’s happening to BABA?)
#PieTrades Sold $AMAT Sep 14th 42.5 covered call for .72
#ContangoETFs Sold $DUST Nov 60 call for 1.95
#Earnings My long languishing Jan 2019 100 calls are looking better. Selling calls against them has been a bitch. Truing again:
Sold $PYPL Sept 21st 95 #SyntheticCoveredCalls for 1.10
#Earnings $RH down as much as 6% today before earnings after the bell. This is a huge mover and I have spent much of the last couple years being involved in repair trades after earnings. Including now… I already have a Sep 7th 135/180 strangle. So I’m not adding anything new. If the stock moves LESS than its average quarterly move on earnings, I could STILL have one of my sides breached. Be careful out there!
Over last 12 quarters: Biggest UP move: 38.5%, Biggest DOWN move: -28.8%, Average move: 18.6%. Bias is +5.66%.
#Earnings – Short calls got run over on the last announcement so rolled them into ITM put spreads. Getting out now with slight profit after the big run. So long TWLO!
Bought to Close TWLO SEP 21 2018 85.0/75.0 Bull Put Spreads @ 2.59 (sold for 2.75)
#optionsexpiration
#earnings
$CRM 147/162.5 strangle Thank you @jeffcp66
$AMZN 1940/1960 BUPS
#assignment
$EXAS 51 call Stock called away. Covered my stock right before Pfizer collaboration announced. Stock at 75. The math (75-51) is not attractive. 😦
Have a great Labor Day for all that labor in the market each day. And the rest of us too.
Thanks for all the learning.
#Earnings Sold some of my $AMBA Aug 31st 40 calls for .25. Nice to get a little profit on this side after taking the win on the put side this morning. Holding the rest in case we go even higher.
This trade was inspired by AVGO’s propensity to move up into earnings (9/6) and also by the delightful mispricing of a 5-wide DITM call debit spread.
Bot AVGO Sep7 207.5/212.5 BuCS @ 3.50. GTC order @ 4.30.
Target needs to be a little lower on this one due to high vol going into earnings. I forgot about that. That makes this trade more difficult to close for a profit before earnings.
#Earnings #CoveredCalls Working my way back to profit on busted earnings call from last quarter.
Yesterday, BTC $OLED Aug 31st 124 covered call for .40. Sold for 1.50 last Friday.
Today, Sold OLED Sep 7th 125 call for 1.75.
#Earnings Quite an overnight reversal… which I’d bought stock at 225 on the initial dip. Now my 275 short calls are threatened.
#Earnings #LongStraddle Sold most of my $AMBA Aug 31st 40 puts for 5.40 at the open. Will wait to see if the stock goes lower for the rest. Straddles bought yesterday for 4.09.
#earnings #shortstrangles LULU
sold Sept. 21, 115/155 for 2.12
#Earnings Bought $AMBA Aug 31st 40 straddle. Filled at 4.09; described in my earlier post.
#Earnings This one has had a volatile recent history. Last 12 quarters: Biggest UP move: 14.3%, Biggest DOWN move: -22.4%, Average move: 10.3%. So I’m taking the $YELP approach and betting on a big move.
Buying the 40 straddle. A 9.8% move will be breakeven at expiration… but in the morning premium will be higher.
My bid is in a 3.95, not filled. I’ll get it in the last hour if I need to adjust.
#Earnings Sold $ULTA Aug 31st 220/275 strangles for 1.80.
Biggest UP move: 17.3%, Biggest DOWN move: -9.1%, Average move: 6.4%. Bias +2.7%. My strikes are +13.2% and -9.5% OTM.
#Earnings $CRM
Strangles sold for 1.53. Closed for .35
Condors sold for .58. Closed for .20
Considering ULTA, LULU, AMBA for tonight.
#Earnings trades layered on top of my #LongCalls #LEAPS positions. I don’t even mess with these trying to get the last nickel…
Bought to Close DG AUG 31 2018 99.5 Puts @ .10 (sold for .63)
Bought to Close DG AUG 31 2018 112.0 Calls @ .05 (sold for 1.00)
#Earnings #Rolling Bought to close $THA Sep 7th 300/327.5 strangles for 10.35. Sold on Tuesday for 9.65. Exiting since my put side was breached. Fortunately theta worked in my favor for 2 days so the loss is small. My broker upped margin requirements on TSLA so this was a big chunk of buying power. I’ll leave TSLA alone for a few days and reconsider.
#Earnings Bought to close the $CRM Aug 31st 162.5 calls for .05 in both my strangles and condors. Now looking to close the short 147 puts. All sold yesterday.
#LongCalls #LEAPS #Earnings – Earnings in the morning so adding a little to the position. Long 2019 LEAPS and short this week’s calls. Adding strangles outside all of that. Sold 112 strike calls yesterday and adding puts today.
Sold DG AUG 31 2018 99.5 Puts @ .63
#Earnings Sold $CRM Aug 31st 147/162.5 strangles for 1.53.
Also, sold 145/147/162.5/165 unbalanced iron condors for 0.58
Biggest UP move: 11.0%, Biggest DOWN move: -4.4%, Average move: 3.3%. These strikes are about +/- 5.0% OTM. The 11% up move is an outlier… it occurred in Feb 2016. Next highest move was +4.1%.
#earnings #shortstrangles CRM
Sold Sept. 15, 140/170 for 1.34.
#Earnings #Rolling Seems to have found a range, so after last week’s successful trade I’m trying again.
Yesterday, sold $TSLA Sp 7th 300/327.5 strangles for 9.65.
Other than that, my main work has been trying to stay ahead of #CoveredCalls in $AAPL, $PYPL and $SQ. It’s nice to be long all of these but selling calls is a bitch! I keep having to stop out and roll.
Sold Sept. 21, 32/41 for 1.20, .60 each side, Dick’s is at 36.51.
#earnings #shortstrangles BBY
Sold Oct. 70/95 strangle for 1.42
#shortputs #earnings related GPS
Tradewise has a covered call recommendation on the Gap, buy 100 shares and sell a Sept., 32 call. I sold a Sept. 32 put for 3.17, GPS is at 28.80, down 3.50, 11%, $900 margin instead of $2900 for the buy/write.
#LongCalls #LEAPS – With #Earnings next week and this thing in a tight squeeze that’s leaning bullish I’m playing it carefully while selling under the LEAPS. Taking this week’s off at even and I’ll decide later where (or if ) to sell next week.
Bought to Close AMBA AUG 24 2018 39.0 Calls @ .50 (sold for .50)
#Earnings after the close today. I would take a shot but I’m already in a long term LEAPS position that was a repair trade from about 3 quarters ago. Finally sitting at breakeven but I’m gonna hold it through the announcement.
It’s a 3×4 ratio with little to no upside risk and makes money down to 134 which is my short call strike.
#earnings #shortstraddle #closing URBN
Yesterday sold Aug. 24, 47.50 straddle for 4.03, bought today for 2.70.
#earnings #shortstraddle URBN
Sold August 24, 47.50 straddle for 4.03, very high IV
#earnings EL
Friday I sold a Sept. 21 120/150 strangle for 1.71, bought today for 1.00.
Unrelated, I’m on the wrong side of SODA.
#Earnings #Rolling Forced to close out my strange… the stock way overshot my target range of the 330’s on Friday.
BTC $TSLA Aug 24th 332.5/340 strangles for 31.28. Sold for 18.60 on Wednesday.
This is an ongoing roll campaign… should have just stuck with the short calls, but I didn’t think the drop would be this fast so the puts became the problem. Will decide how to reposition next week.
#earnings #shortstrangles EL
Sold Sept. 21 120/150 for 1.71, only monthly expirations, high IV, prive hovering around 135.
EOG conversion to put #fuzzy
BTO the 2020 EOG 115 put at 13.00 creating the 115 calendar with short expiring 35 days.
cb now 11.2 since the initial sale brought in 1.8. Another #pietrade #earnings gone wrong/bad and managing before it get too far ITM. Will manage this from put side.
Other reason was to reduce margin requirements so I can stay in some other trades that are finally working out.
With 69 weeks left only need to cover 0.17 per week for zero cost basis.
I think I am done with earnings trades for a while. The option prices do not adequately reflect the volatility. Yes the premiums rise into earnings but the move is bigger than expected so you still end up losing.
AMAT which I had almost recovered from previous earnings down 6.2% so will probably take another 12 weeks to break even. Now will have to sell below cost basis so will have to watch any reversal closely.
WDC, Mu total crap. Both beat earnings and expectations and have traded down 11-14%. At least MU looks like it may have found a base.
I can get same results using SMH for the chips without getting burned on earnings.
Be happy I did not sell puts in NVDA or it would have gone the other way 🙂
Have a great weekend!
#Earnings BTC $NVDA Aug 17th 240 puts for .24. Sold for 2.43 yesterday.
BTC NVDA Aug 17th 240/235 put spreads for .15. Sold for .87 yesterday.
#earnings #ironcondor DE
Sold Sept. 21, 120/125/150/155 for 1.18, Deere is at 137
#PieTrades #Earnings.
BTC $AMAT Aug 17th 46.5 #CoveredCall for 1.97. Sold for 3.56 last week as a roll. Leaving my stock alone for earnings report tonight.
#Earnings. Sold $NVDA Aug 17th 240 puts for 2.43.
In retirement accounts, sold 240/235 put spreads for .87
#Earnings. Here are the last 12 quarters’ moves on $NVDA:
May 10, 2018 AC -2.15%
Feb. 8, 2018 AC 6.69%
Nov. 9, 2017 AC 5.26%
Aug. 10, 2017 AC -5.32%
May 9, 2017 AC 17.82%
Feb. 9, 2017 AC -2.37%
Nov. 10, 2016 AC 29.80%
Aug. 11, 2016 AC 5.59%
May 12, 2016 AC 15.20%
Feb. 17, 2016 AC 8.60%
Nov. 5, 2015 AC 13.85%
Aug. 6, 2015 AC 12.37%
#Earnings #Rolling Sold $TSLA Aug 24th 332.5/340 strangles for 18.60.
#CoveredCallCampaign Stopped $FB Aug 31st 180 puts for 3.40. Sold Sep 7th 172.5/187.5 #StrangleRoll for 3.07.
#ContangoETFs Stopped $GUSH Dec 32 put for 6.20. Sold for 5.05 in a strangle-roll months ago.
#StrangleRoll: Sold GUSH Dec 21/45 strangles x2 for 3.87.
Also, closed GUSH Sep 62 call for .10. Sold for 1.60.
#PieTrades BTC $OLED Aug 17th 120 call for .20. Sold for 2.00 on Friday.
BTC $MU Aug 24th 53 call for .10. Sold for .85 on Monday.
#earnings CREE ROKU
CREE Yesterday, sold Aug. 17 45/55 strangle for 1.31, closed this morning for .28, the way it is supposed to go.
ROKU Aug. 8, sold a 48 straddle for 9.42, earnings trade, closed today for 8.22.
#earnings #shortstrangles CREE
Sold Aug. 17 45/55 for 1.31
Catching up on posting from the last 7 days…
TODAY (Monday)
#CoveredCallCampaign
Sold $AAPL Aug 24th 202.5 #CoveredCalls for 7.00. This replaces the Aug 17th 202.5 calls I closed last week for 7.40, to avoid being called away on the ex-div date. I’m rolling ITM calls after earnings trade got breached.
Sold $SQ Aug 24th 76 call for 1.25, and Aug 31st 76 calls for 1.23
#SyntheticCoveredCalls
Sold $PYPL Aug 31st 90 calls for 1.10. A roll-up from Aug 24th 87.5 calls stopped last week.
#PieTrades
Sold $MU Aug 24th 53 covered call for .85. #PieTrades
LAST WEEK
#Rolling #StrangleRoll $TSLA Aug 17th 332.5 calls to Aug 17th 332.5/335 strangles for .65 credit. Will roll soon to avoid early assignment.
#Earnings Bought $YELP Aug 10th 38.5 #LongStraddles for 4.94. Sold the calls next day for 9.95. This trade usually works on YELP.
Stopped $FB Aug 24th 187.5 covered calls for 3.85. Rolled to Aug 31st 180/195 strangles for 3.83. Looks like I got stopped at the top. #CoveredCallCampaign.
#PieTrades Rolled $AMAT Aug 10th 46.5 covered call to Aug 17th 46.5 for .30 credit.
#VXXGame Closed $VXX Sep 21st 50 call for .46. Sold for 5.65 on April 17th.
#earnings #ironcondor HD
Sold Sept. 21 170/180/210/220 for 1.17
Sold the call in my ROKU earnings strangle for 5.70. Bot the strangle for 2.03. Nice 148% profit. Lucky but nice nonetheless.:-)
#earnings
#Earnings #JadeLizard – Just to close the books on this…Jade Lizard with 50/51 on the call side and stock obviously blew through that. Closed those for .98 so picking up 2 cents and saving exercise fees. Originally sold for 1.35 so net gain of 37 cents.
See you next quarter!
#Earnings #CoveredCalls – My final adjustment. I’ll be taking stock at a basis of 79.16. I’m a little bearish thinking this thing is headed for the 200ma. Selling my covered calls ITM a couple weeks out for max downside protection while lowering my basis quite a bit.
Bought to Close WTW AUG 10 2018 80.0 Calls @ .12
Sold WTW AUG 24 2018 75.0 Calls @ 4.13
Stock basis now 75.15 covered with 75 strike calls. I’ll be able to let the stock go near even or roll one more time for a small profit. If it keeps dropping I’ll keep selling slightly ITM until we see a bounce…
#dividends #shortcallspreads #rolling #earnings AAPL
I sold a Sept. 170/175/205/210 #ironcondor for AAPL earnings. AAPL is ex-div tomorrow, not certain someone would exercise the 205, but rolled it to Oct. 210/220 for .92
#Earnings #JadeLizard – Trying the Lizard again. Selling the upside pretty tight at half the expected move allowing put sales outside the expected move. No upside risk with breakeven down at 39.15 (not that that’s really safe…LOL)
Sold ROKU 40.5/50/51 Jade Lizards @ 1.35
#shortstraddle #earnings YELP
Sold Sept. 21, 38 straddle for 5.80. YELP has had some big moves.
#Earnings – Sold WTW AUG 10 2018 80.0 Calls @ .90
Now sitting 83/80 inverted @ 3.84 total credit.
Still wanting the stock in between the strikes at expiration to hopefully make the .84
#earnings
$WTW trades both under water. Is that like water boarding?
#shortputs
$TRTN BTC 8/17 35 put at .30. STO at 3.70 on 7/18. Thanks to @thomberg1201 for bringing the stock to the bistro
#shortcalls
$AAXN BTC 8/17 80 call @.70 Sold for 2.25 Half position. The covered became uncovered as a trailing stop got hit.
#Earnings #ShortStrangles – Small positions on not very expensive stocks so I’ll hang on and trade ’em for awhile. I’m great at picking the ones that move 15 or 20 percent on 70 dollar stocks… 🙂 🙂
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TWLO:
56/72 Strangles and the call side has been threatened so selling some additional puts…
Bought to Close TWLO AUG 10 2018 56.0 Puts @ .02
Sold TWLO AUG 10 2018 71.0 Puts @ 1.10
Now holding 71/72 Strangles @ 3.19 for this week
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WTW:
Similar to TWLO but in the other direction.
83/101/103 Jade Lizards and the put side has been threatened so selling additional calls…
Bought to Close WTW AUG 10 2018 101.0/103.0 Bear Call Spreads @ .02
Sold WTW AUG 10 2018 86.0 Calls @ .85
Now holding 83/86 Strangles @ 2.94 for this week
#Earnings #JadeLizard – Staying small…just a couple. Puts at the expected move and calls just inside the expected move with no upside risk…
Sold 83/101/103 Jade Lizards @ 2.11
#Earnings – High IV so gotta sell something. Basic strangle sales near the expected move and skewed slightly to the upside.
Sold TWLO AUG 10 2018 56.0/72.0 Strangles @ 2.11
#earnings
$WTW STO 8/10 89 puts at 3.80
$WTW STO 8/17 91/93 BUCS @ 1.00 Hope to fatten account
Closed Early
#longcalls
$AMZN STC 8/17 1725/1750 BUCS at 23.75 BTO at 10.82 on 7/5
#Earnings
Closed $SHOP Aug 3rd 140 calls for .15. Sold for 1.40 on Monday.
Rolled $TSLA Aug 3rd 330 calls to Aug 10th 332.5 calls for .40 credit.
Closed $SQ Aug 3rd 71 calls for 1.50… sold for .78.
Rolled $AAPL Aug 3rd 200 #CoveredCalls to Aug 10th 202.5 calls for 1.85 debit.
#PieTrades
Rolled $AMAT Aug 3rd 46.5 covered call to Aug 10th 46.5 call for .12 credit.
Sold $MU Aug 10th 53 covered call for .84
Closed $OLED Aug 3rd 100 covered call for 1.50. Sold for 2.15. Earnings next week.
#CoveredCallCampaign
Sold $FB Aug 24th 187.5 covered calls for 1.35
#OptionsExpiration 8/3/18
$AAPL 177.5 puts. Sold for .75
#Earnings #JadeLizard – Worked nicely…I’m out.
Original trade was:
Sold 57.0 Puts and Sold 70/71 Call Spreads @ 1.19 total credit
Bought to Close SHAK AUG 3 2018 57.0 Puts @ .20
70/71 calls spreads should expire…
#Earnings. Quite a week for blind trading… Thursday’s bullish run looks good for my trades in $SHOP (#Earnings), $MRVL (#PreEarnings), and $NVDA (#SuperCharger).
But I’m under water with naked calls 330 calls in $TSLA, and #CoveredCalls in $AAPL and $SQ. I will have to roll on Friday. May require me to stay up late!
Today,
Closed $TSLA 260 puts for .06. Sold for 2.75
Sold $PYPL Aug 17th 87.5 #SyntheticCoveredCalls for .80.
Options Bistro 