At the bell,sold April 20, 75 straddle for 14.25
Tag Archives: Earnings
RH earnings
#Earnings Selling $RH March 29th 65/91.5 strangles for about 2.40. Selling legs separately (1.40/1.35 for puts, 1.20 or lower for calls).
This has long been a big mover, so proceed cautiously. Over last 12 quarters, Biggest UP move: 44.8%, Biggest DOWN move: -25.7%, Average move: 12.6%. My strikes are +19.6% and -15.0% OTM.
SLB
#Earnings – For anyone trading along in this, the earnings date is now confirmed for Apr 20th. I’ll be trying to keep all the weekly sales prior to that and then decide whether to sell, close, or sit out the announcement.
First one in my current positions list to confirm a date…
Options Expiration and Final Trades 3/23/18
#SPXcampaign. Cleared out most put spreads for expected lower levels Monday. I only rolled one as I’d like to sell based on Monday’s open.
Stopped $SPX Apr 19th 2540/2515 put spreads for 5.40. Sold for yesterday for 2.85.
#CondorRoll: Sold Apr 6th 2700/2725 call spreads for 3.10, and Apr 6th 2475/2450 put spreads for 2.80.
Stopped Apr 19th 2475/2450 put spreads for 3.10. Sold yesterday for 1.80.
Closed Mar 26th 2680/2705 for .30. Sold this morning for 3.10.
Stopped March 26th 2575/2550 put spreads for 6.05. Sold yesterday for 1.75.
Bought to Open March 29th 2475/2450 LONG put spreads for 2.15. Will take profits with any big gap or move down Monday.
Bought to close March 23rd 2585 puts for .35. Sold in a #Condor Roll on Monday. Thought I didn’t need to worry about this one.
#VXXGame: Sold $UVXY Jan 2019 65 call for 3.75… thanks @optioniceman and @ramie77 for the idea
#Earnings BTC $FDX Mar 23rd 240 puts for 6.50. Sold in a strangle for 1.75 on Tuesday. Missed my chance to close for cheap on Wednesday. #Rolling: Sold Apr 20th 235 puts for 6.75. Also sold a Apr 20th 255 call for 1.15. Will add more calls on strength.
#OptionsExpiration
$SPX 2790/2815 call spreads
$VRTX (formerly covered) 177.5 call
#earnings MU closed April 20,…
#earnings MU
closed April 20, 59.50 straddle sold yesterday for a gain of .90, concerned the bottom could fall out.
#earnings #shortstraddle MU Follwed Mike…
#earnings #shortstraddle MU
Follwed Mike at TT April 20, 59.50 straddle for 8.07
VRTX closed
#Earnings #Assignment #IronButterfly #CoveredCalls
Sold $VRTX stock (100 shares) for 167.50.
Originally 160/167.5/175 iron butterflys (3) sold for 5.60 on Jan 31st. Closed most before expiration but forgot about one put, so assigned stock at 167.50. Sold today for the same price. With all premium selling and covered calls since then, total profit on the trade is $1,543.
FDX earnings
#Earnings Selling $FDX March 23rd 240/270 #ShortStrangles. Legging in… so far filled on some 270 calls at .50. Order in for 240 puts at 1.20. This strangle leans bullish based on historical performance on earnings.
Biggest UP move: 11.8%, Biggest DOWN move: -4.5%, Average move: 3.8%. My strikes are about +6.7% and -5.1% OTM.
Options Expiration 3/16/18
#OptionsExpiration #Earnings #ShortStrangles #SPXcampaign #VXXGame #LongCalls #IronButterfly
— Expiring w/max profit —
$DG 84 puts
$OLED 140 calls
$TIF 109 calls
— Expiring w/max loss —
$SPX 2840/2860 long call spreads, purchased for 1.00 avg price.
$UVXY 91 long calls… purchased for 0.158 avg price… served me well as hedges against short calls
$SQ long 60 calls, bought for 0.964, avg price
— #Assignment —
$SQ 50 long calls, bought for 0.858, avg price. Taking stock (200 shares, cost basis 50.86) and adding it to #CoveredCallCampaign
$AVGO 255 long put – I exited one 265 short put for 9.10. Then, volatility at the close denied my fill on closing more, PLUS, we dropped below my long strike. So, this likely means one spread expired ITM, so a 10.00 debit (against 7.60 sale), but I will likely be assigned short shares based on the ITM long 255 put. Because I feel this may bounce on Monday, I’m buying shares after hours so the assignment will cancel out my position and I’ll be flat. This would amount to about a 2.50 loss overall on the trade.
DG almost gone
#Earnings BTC $DG March 16th 94 calls for .40 and .30 near the open. Got 1 left, now slightly ITM.
$TIF flirting with my put side, 96.5/109 strangle.
$AVGO looking decent. A 265 pin would be max profit. Closed (1) 265 call for .50.
AVGO earnings
#Earnings Hasn’t been a huge mover, but can surprise and also has been in the news. So I’m taking a favorable R:R trade:
Sold to Open $AVGO 255/265/275 #IronButterfly for 7.60. Max risk, 2.40. Last quarter its one day move was zero. It opened up then traded down all day to end dead flat. Let’s do that again!
exiting DG
#Earnings BTC (1) $DG March 16th 94 call for .50. Sold 84/94 #ShortStrangles for 1.60 yesterday. Scaling out of the threatened side.
TIF earnings
#Earnings Sold to Open $TIF March 16th 96.5/109 #ShortStrangles for 1.05. Biggest UP move: 10.5%, Biggest DOWN move: -8.7%, Average move: 3.9%. Mt strikes are +6.3% and -5.9% OTM. Slightly bullish lean. Other than the two biggest moves, TIF has not been a big mover on earnings.
Earnings biggies
#Earnings For your consideration, some of our favorites today:
$ADBE, $AVGO, $ULTA, $TIF
DG earnings
#Earnings Sold to Open $DG March 16th 84/94 #ShortStrangles for 1.60. Biggest UP move: 10.7%, Biggest DOWN move: -17.6%, Average move: 5.6%. My strikes are +/-5.6% OTM.
Here are the last 12 earnings; you can see other than one big up move and one big down, it’s not a big mover.
Dec. 7, 2017 BO 2.77%
Aug. 31, 2017 BO -5.43%
June 1, 2017 BO 6.54%
March 16, 2017 BO 0.53%
Dec. 1, 2016 BO -4.96%
Aug. 25, 2016 BO -17.62%
May 26, 2016 BO 4.61%
March 10, 2016 BO 10.66%
Dec. 3, 2015 BO 4.23%
Aug. 27, 2015 BO -3.18%
June 2, 2015 BO 2.98%
March 12, 2015 BO 3.96%
OLED roll
#Earnings #ShortStrangles Rolling these to avoid early assignment:
Closed $OLED March 16th 135/140 strangles for 9.00 (closed only puts, will let calls expire). Sold for 12.85 on Feb 23rd.
Sold to Open OLED April 20th 130/140 strangles for 11.80. I got 5 points wider with a 2.80 credit.
Original trade: sold 130 puts for 2.18. Closed for 10.40.
Total credit in trade: 7.43
TSLA
#Earnings – Still dealing with an old earnings strangle. Just rolling around collecting premium and it’s starting to add up.
Had a 342.5 Straddle for this week. Closed the call and rolled the ITM put out to a new straddle.
Bought to Close TSLA MAR 9 2018 342.5 Call @ .02
Rolled TSLA MAR 9 2018 342.5 Put to MAR 23 2018 335.0/335.0 Straddle @ 3.20 credit.
Current position now March 23rd 335 Straddle @ 16.40 accumulated credit
ADSK
#Earnings #ShortStrangles – Well here we go. Let the rolling begin. I had many weekly hedges that were set to expire but with the strong market today nearly all of them will be rolls now. This one is a roll of the call side of a blown out to the upside earnings strangle.
Rolled ADSK MAR 9 2018 130.0 Calls to MAR 29 2018 142.0/138.0 Inverted Strangles @ 1.92 credit.
Position now is Mar 29th 142/138 inverted @ 4.25
#earnings #ironcondor OST Closed yesterday’s…
#earnings #ironcondor COST
Closed yesterday’s March 16 earnings IC for about .50, sold for about 1.50,(for 2) the way it is supposed to, and always should work. Thanks Jeff
#earnings #fallingknife KR No trade…
#earnings #fallingknife KR
No trade yet but Kroger is down about 4% to 26.31 with earnings tomorrow. This was a falling knife Iceman trade last summer after it tanked down to 20 after earnings in June, was over 30 in January.
ADSK Earnings
#Earnings – Big up move so still holding call side of the 100/130 strangles….probably rolling those into new strangles.
Bought to Close ADSK MAR 9 2018 110.0 Puts @ .01
COST earnings
#Earnings Sold $COST March 9th 180/197.5 strangles for 1.50. Biggest UP move: 3.6%, Biggest DOWN move: -6.0%, Average move: 2.9%. My strikes are about +/-4.6% OTM.
ADSK Earnings
#Earnings – I’m already in a synthetic that’s working halfway decent. Wouldn’t mind adding to it so if this earnings trade doesn’t work out I’ll roll into the synthetic.
Selling at the expected move on both sides…
Sold ADSK MAR 9 2018 110.0/130.0 Strangles @ 2.35
Options Expiration 3/2/18
— Expiring w/max profit —
$AZO 790 calls
$SPLK 84/112 #ShortStrangles
Options Expiration for 3/2
$AMZN Mar 2 1220/1320/1550/1650 iron condors
$AMZN Mar 2 1250/1240 put spreads
$AZO Mar 2 655/790 strangle (#Earnings trade from @jeffcp66–I got lucky on the dismount)
$DUST Mar 2 35 calls
No assignments.
A nice move down in the VIX today brought in some premium but it’s still really elevated (futures over 4% in backwardation). Today’s up volume in SPY was about average (based on the 50dma) but not as high as yesterday’s down move. Could this be a higher low or just a bounce after 3 big down days, a reprieve on the way to lower prices? We’ll see next week.
Oscar predictions:
Best Supporting Actress: Allison Janney
Best Supporting Actor: Sam Rockwell
Best Actress: Frances McDormand
Best Actor: Gary Oldman
Best Director: Guillermo Del Toro (Shape of Water)
Best Picture: Three Billboards Outside Ebbing Missouri
Probably not much of a stretch there, but go make some money in your Oscar pool 🙂
Have a great weekend everyone.
AZO put closed
#Earnings BTC $AZO March 2nd 660 put for .50, to avoid possible assignment. Sold the strangles for 4.225 on Monday, closed the puts for 1.00 and .50, letting the calls expire.
OLED
#Earnings – I think the easiest (and safest) way to turn this strangle into a winner is roll it into synthetic.
Closed Mar 16th 143/140 Inverted Strangle
Opened Jan 2019 120/120/115 Synthetic in same size.
Rough math after rolling strangle loss into synthetic basis is max loss of 44.60 with 46 weeks to run so .97 per week with pretty good premium in the weeklies. I may add one more synthetic to lower the weekly requirement.
And:
Sold OLED MAR 9 2018 128.0 Calls @ 1.30
AZO
#Earnings – Getting out with a small profit while I can…
Bought to Close AZO MAR 2 2018 660.0/665.0 Strangle @ 7.70 (sold for 9.10)
SPLK earnings
#Earnings Sold to Open $SPLK Mar 2nd 84/112 strangles for 1.20. Biggest UP move: 17.9%, Biggest DOWN move: -10.1%, Average move: 5.9%. My strikes are +19.8% and -10.2% OTM.
AZO closing
#Earnings Just like last May, when this stock dipped over 10% on day 1, it is retracing higher on day 2.
BTC $AZO March 2nd 660 put for 1.00. Sold in 660/790 strangles for 4.225 (avg price) on Monday. I’m putting an order in to close the the other put for .50. Calls I will allow to expire.
AZO Earnings
#Earnings – Down big but not that far below breakeven. Sneaking in another call sale this week before possibly rolling.
Bought to Close AZO MAR 2 2018 790.0 Call @ .25
Sold AZO MAR 2 2018 665.0 Call @ 3.20
Position is now 660/665 Strangle @ 9.10 for this Friday
AZO Earnings
#Earnings -Thanks @Jeff ….I’m in.
Sold AZO MAR 2 2018 660.0/790.0 Strangle @ 6.16
AZO earnings
#Earnings Sold $AZO March 2nd 660/790 strangle for 3.95. Biggest UP move: 5.8%, Biggest DOWN move: -11.8%, Average move: 2.5%. My strikes are +7.2% and -8.7% OTM.
This is a 1-lot. I plan to sell another toward day’s end.
The -11% down move is an outlier from last May. It bounced from there and ended the week down only 6%, and then sunk to new lows a couple weeks later.
CELG FSLR LUV OLED SVXY and “The GOAT!”
Was out all day today chasing the G.O.A.T. up and down grassy hills in the sunshine. Yes….that’s right…I followed Tiger Woods today in the Honda Classic. Since he was only 45 minutes up the turnpike I couldn’t pass it up. I hadn’t seen him hit a ball in person since the 1999 Byron Nelson tournament down in Ft. Worth. For a lifelong golf nut like myself, it really was a thrill even though he’s the “Old Tiger” and no longer the “Tiger of Old”. Just a lot of fun and a great day seeing him and all the young guns that were in diapers back in 1999 (if they were born yet) 🙂 🙂 .
Along with all that I did manage to find a shady spot and take care of all my #SyntheticStock and #Earnings Friday action that was needed…
Bought to Close CELG FEB 23 2018 96.0 Calls @ .02 (sold for 1.00)
Sold CELG MAR 2 2018 96.0 Calls @ .68
Bought to Close FSLR FEB 23 2018 63.0/66.0/66.0/69.0 Iron Flies @ 2.65 (sold for 2.60) small loss…
Bought to Close LUV FEB 23 2018 58.0 Calls @ .05 (sold for .60)
Sold LUV MAR 9 2018 58.5 Calls @ .75
Rolled OLED FEB 23 2018 145.0 Puts to MAR 16 2018 143.0 Puts @ .30 credit (I’ll sell calls against these for a few weeks and then maybe roll to a new strangle) basis now 138.75
SVXY – Sold almost all of my stock @ 12.90. I think I will now go all synthetic at twice the size (and much less out of pocket). This will indirectly lower my basis in all the former stock positions by half. I’ll get the exact basis on each lot over the weekend. Haven’t decided yet on adding disaster puts…I probably will at some point.
Have a great weekend!
Options Expiration 2/23/18
#OptionsExpiration #SPXcampaign #Earnings #ShortStrangles
— Expiring w/Max Profit —
$SPX 2690/2665 put spreads, sold for 5.45 on Feb 15th
$STMP 150/230 strangles, sold Wednesday for 2.30
— Expiring w/full loss —
$SPX 2425/2400 LONG put spreads, bought for 3.00 and 1.50 on Feb 9 and 12.
OLED earnings repair
#Earnings #ShortPuts #ShortStrangles #StrangleRoll
Yesterday, sold $OLED Feb 23rd 140 puts for 2.15 and 2.25. In what was clearly an error by the trading Gods, the stock went down rather than up. So I’m rolling into a tight strangle because I know exactly where this stock will be on March 16th.
BTC OLED Feb 23rd 140 puts for 10.40.
STO OLEN March 16th 135/140 strangles for 12.85
#earnings #fallingknife OLED Oh Boy
#earnings #fallingknife OLED
Oh Boy
OLED Earnings
#Earnings – Thanks @Jeff for pointing this one out…I almost over looked it. Playing fairly aggressively and skewed bullish. Selling the put side just inside the expected move and the call side at twice the expected move…
Sold OLED FEB 23 2018 145.0/180.0 Strangles @ 4.25
FSLR Earnings
#Earnings – Just a small low risk low probability iron fly. 3 wide on a 5.30 expected move risking 40 to make 260.
Sold FSLR FEB 23 2018 63.0/66.0/69.0 Iron Flies @ 2.60
OLED earnings
#Earnings Sold $OLED Feb 23rd 140 puts for 2.15. Biggest UP move: 23.9%, Biggest DOWN move: -11.5%, Average move: 9.6%. Bias: +3.7%. My strike is -9.1% OTM.
Never traded this one before, but it has a nice upside bias. The -11.5% move in Feb 2016 was its biggest ever move down. Last Feb it went up 20%.
I will sell more if stock drops a bit.
ROKU & STMP Earnings
#Earnings – That was fun…
Bought to Close ROKU FEB 23 2018 40.0/60.0 Strangles @ .15 (sold for 2.00)
Bought to Close STMP FEB 23 2018 160.0/230.0 Strangles @ .12 (sold for 3.20)
STMP earnings
#Earnings Got put the stock last quarter so was going to skip it, but then saw @fuzzballl‘s trade and couldn’t resist. Going 10-pts lower than he did.
Sold $STMP Feb 23rd 150/230 #ShortStrangles for 2.30.
Biggest UP move: 38.1%, Biggest DOWN move: -22.6%, Average move: 17.1%. My strikes are +23.0% and -19.8% OTM.
ROKU Earnings
#Earnings – This thing could go anywhere but at least it’s cheap enough to roll into synthetic if it tanks…
Sold ROKU FEB 23 2018 40.0/60.0 Strangles @ 2.00
Stock at 51 with an expected move of 8.25. Weekly IV of 248%…that is some serious IV priced in!
STMP earnings
#Earnings – Had to work a couple quarters ago to get a profit out of this ticker so going back in again for round two…IV for the week an incredible 194%.
Sold STMP FEB 23 2018 160.0/230.0 Strangles @ 3.20
Stock at 189 with an expected move of 24.30…skewing this slightly bullish.
AAPL
#ShortPuts #Earnings – Three weeks to go and a nice rally. Consdering where these were last week I’m booking. Leftovers from an earnings trade…
Bought to Close AAPL MAR 9 2018 165.0 Put @ .89 (sold for 3.50)
Bought to Close AAPL MAR 9 2018 167.5 Put @ 1.27 (sold for 4.10)
#earnings ANET Arista Networks down…
#earnings ANET
Arista Networks down $48 (15%) so far
#earnings DE Closed March 16…
#earnings DE
Closed March 16 IC for 1.07, sold yesterday for 1.70.
#earnings #shortputspread DE Sold March…
#earnings #ironcondor DE
Sold March 16, 140/150/180/190 for 1.70
closing SHOP
#Earnings BTC $SHOP Feb 16th 117/149 #ShortStrangles for .10. Sold yesterday for 1.85.
SHOP
#Earnings – Thanks @Jeff !!
Bought to Close SHOP FEB 16 2018 115.0/150.0 Strangles @ .10 (sold for 1.68)
TSLA
#Earnings – Still messing around with the remnants of the earnings strangle.
Current position was 310/320 strangle @ 8.05
Stock is bouncing so closing the put and rolling the call to a new strangle…
Bought to Close TSLA FEB 16 2018 310.0 Put @ .19
Rolled TSLA FEB 16 2018 320.0 Call to MAR 9 2018 315/355 Strangle @ .41 credit.
Tiny credit overall so now MAR 9th 315/355 @ 8.25
SHOP whew
#Earnings #ShortStrangles Lucky we got a pullback on earnings… the steady tick higher had me sweating the 149 calls, but they and the 117 puts look much better now.
#earnings SHOP A sign of…
#earnings SHOP
A sign of the times “Shopify Shares Continue To Rally, Now Up ~7% Wednesday And 13.5% For The Week, As Traders Circulate A CBC Article From Feb. 12th Highlighting A Deal Between The Ontario Govt. And Shopify To Run Online Cannabis Sales”
#earnings #shortputspread AAPL Way back…
#earnings #shortputspread AAPL
Way back in what seems like another time, January 25 and 26, I sold put spreads 155/160 and 162.50/165 ahead of earnings and out to Feb. 16. I closed them today after 3 strong moves, made a little, didn’t lose any.
SHOP earnings
#Earnings Classic earnings strangle just outside historic moves.
Sold $SHOP Feb 16th 117/149 #ShortStrangles for 1.85. Biggest UP move: 11.6%, Biggest DOWN move: -9.0%, Average move: 7.2%. My strikes are +/- 12% OTM
TSLA earnings
#Earnings – Originally sold FEB 16 2018 310.0/395.0 Strangle @ 4.15 (the week after earnings) Stock is weak so closed the original call and added another one lower.
Bought to Close TSLA FEB 16 2018 395.0 Call @ .20
Sold TSLA FEB 16 2018 320.0 Call @ 4.10
Current position 310/320 strangle @ 8.05 for next Friday
TSLA trade closed
#Earnings Closed $TSLA Feb 9th 310 puts for .55. In #ShortStrangles for 3.15, out for .65.
TSLA call closed
#Earnings Closed $TSLA Feb 9th 372.5 call for .10. Order in to close put for the same. #ShortStrangles sold yesterday for 3.15. I would normally let these expire but not in the volatile market.
TSLA
#Earnings – Following @Jeff with the strangle. I’d like to see this stock pull back so I’m selling the put side a little more aggressively. Also going out another week…
Sold TSLA FEB 16 2018 310.0/395.0 Strangle @ 4.15
Earnings FISV
#earnings
$FISV STO 2/16 125 put at 1.09
TSLA earnings
Sold $TSLA Feb 9th 310/372.5 strangles for 3.15. Biggest UP move: 11.2%, Biggest DOWN move: -8.9%, Average move: 5.4%. My strikes are -9.9% and +8.3% OTM.
Just a quick note, I…
Just a quick note, I had some expirations but managed to roll all of them for more cash so they are all next week now. The last move like this in Aug. 2015 crushed (and I mean wiped out) a major trading account. Today my main trading account only down about $500, the hedges worked well.
See you can teach old dogs new tricks and thanks to everyone here for showing me some additional tactics that help on days like today.
Everyone have a good weekend, looking forward to Sunday night opening. Either way have some trades lined up and kept some cash on the side lines so I can take advantage of the blood in the street 🙂
Technically what only a 2-3% drop? Technically 2.31% on SPX/ES.
Cue the chicken, I am glad I closed the /ES strangle this morning. Not ITM but the margin would have used up my cash cushion for next week.
Options Expiration 2/2/18
#OptionsExpiration #Earnings #IronButterly #ShortStrangles #SPXcampaign #CallButterfly
— Expired w/max profit —
$AAPL 177.5 call
$AMZN 1325/1660 strangle
$AMZN 1300/1675 strangle
$EA 110 puts
$FB 175 put
— Expired w/full loss —
$SPX long 2865/2885 call spreads (sad; this closed over 9.00 last Friday… but zero today)
$MCD 177.5/180/182.5 call butterflys
$AMD 12.5/13/13.5 iron butterfly (I lost $10)
— #Assignment —
$AAPL 175 puts, taking stock
$BABA 200 puts, taking stock
$VRTX 167.5 put, taking stock (I closed one put for .60, but forgot to close the other before the bell)
AAPL Earnings
#Earnings – Giving these a little time to recover before converting to synthetic…
Rolled AAPL FEB 2 2018 170.0 Put to MAR 9 2018 167.5 Put @ .35 credit
Rolled AAPL FEB 2 2018 167.5 Put to MAR 9 2018 165.0 Put @ 1.22 credit
AMZN IB closed
#Earnings Closed $AMZN 1410/1450/1490 #IronBitterfly for 22.25. Sold yesterday for 37.05.
AAPL Earnings
#Earnings – Peeling one off for a small winner. Still 2 more out there. I’ll roll ’em or close ’em and go synthetic. A little AAPL rally wouldn’t break my heart.
Bought to Close AAPL FEB 2 2018 165.0 Put @ 1.55 (sold for 2.00)
JEFFS Amazing Multi Legged AMZN Earnings Trades
Earnings Updates
#Earnings #IronButterfly
Closed $VRTX Feb 2nd 167.5 calls for .55. Looks like we may be basing for the day, so closed the calls and will wait and close the short puts on a bounce.
Closed $AAPL Feb 2nd 162.5 short put for .70. Sold yesterday for 1.65. Looks like I’ll be assigned some stock today.
$AMZN – My strangles will be fine but having to decide when to close the iron butterfly. Right now it has about a $1200 profit but that will slip away if we keep going higher. Watching closely.
Closed Out FB Earnings Strangle
#earnings #ironcondor GOOG This from…
#earnings #ironcondor #shortputspreadGOOG AMZN
This from TradeWise, the TD Ameritrade paid “service” (you can get 3 fee months for asking)
1107.50/1110/1222.50/1225 for 1.01
Not from Tradewise
AMZN Feb. 16 1417.50/1420 for 1.35, took a long time to fill
VRTX, partially closed
#Earnings Yesterday, Sold $VRTX Feb 2nd 160/167.5/175 iron butterflys for 5.59. 3 total.
Today, closed (1) for 2.85. It is sitting dead center now, but it’s still got a day until expiration so the straddle is still worth about 2.80. May close another today, and/or leave them both for expiration.
AMZN strangle added
#Earnings #ShortStrangles
Adding a wider, safer strangle that will cover my max loss on the iron butterfly.
Sold $AMZN Feb 2nd 1300/1675 strangle for 4.25.
AAPL earnings
#Earnings Thought I was being sharp by selling $AAPL puts a week before earnings. Sold Feb 2nd 175 puts last week for 4.62 (avg price). Not so sharp in the end. I bought some 155 puts for .29 as a safety net.
Today I sold AAPL Feb 2nd 177.5 call for .65. I’ll add another if premium increases. That’s putting me into a very narrow 2.5 point range for ultimate victory, so I most likely will be rolling or taking assignment of something tomorrow.
EA closed
#Earnings On Tuesday, sold $EA Feb 2nd 110/130 strangles for 127. I’ve now closed all of the short calls, one at a time, avg price .452. Letting the short puts expire.
AMZN Iron butterfly
#Earnings #IronButterfly This one is worth trying each quarter in case AMZN does not move much. Risking 2.95 to make 37.05.
Sold $AMZN 1410/1450/1490 iron butterfly for 37.05. Will profit if AMZN ends tomorrow between 1412.95 and 1487.05.
Options Bistro 