#Earnings Closed $RH Dec 8th 118 and 120 calls for .05. Sold yesterday for 1.20 and 1.15. Orders in to close Dec 8th 90 puts and Dec 15th 85 puts for .05.

Sold RH Dec 29th 85 put for 1.65. I’m almost back into profit after third quarter blowout, so keeping strangles going a bit longer.

$AZO 780 calls closed yesterday. Just closed Dec 8th 615 puts for .10. Strangle sold for 4.575, closed for .675.

Next up… AVGO

#Earnings Selling strangles in this one, piece by piece. I’ve been fighting with it since last quarter as it has gone parabolic. Payback time. (NOTE: I do not advocate revenge trading, even though I do it)

Sold $RH Dec 8th 120 calls for 1.20
Sold $RH Dec 8th 90 put for 1.30
Sold $RH Dec 15th 85 put for 1.10

#Earnings One of our favorite earnings trades is back. After a pretty deep dip, premium is decent, although bid/ask spreads are wide and OI is low. So beware.

Sold $AZO Dec 8th 615/780 strangle for 4.50. It took awhile to get filled. Put in an order for a second one at 4.75.

AZO’s ONE-day moves over last 12 quarters: Biggest UP move: 5.8%, Biggest DOWN move: -11.8%, Average move: 2.8%.
It’s FIVE-day moves are actually less extreme… it seems to retrace any large one-day moves over the following days: Biggest UP move: 4.1%, Biggest DOWN move: -6.7%, Average move: 2.5%.

My strikes are +11.4% and -12.1% OTM.

#Earnings Still milking $RH for premium before earnings next week. I’m in the hole from its recent jump higher.

STO RH Dec 1st 105 call for 1.30, adding
BTC RH Dec 1st 95 put for .15. Sold for 1.74 avg price.

#Earnings So they snuck out Q3 guidance ahead of their earnings date, straining my 80/95 strangle once again. I have adjusted it higher three times already, but had planned to be out before their earnings date. Would have been a nice exit on the calls yesterday as the stock dropped to 83.00. Now it’s over 100!

#Earnings BTC $MELI Nov 17th 200/210/280/290 iron condors for 1.12. Sold for 2.35, so just over 50% of max profit and out 2 weeks early.

#Earnings AAPL and MELI looking fine for strangles/condors… LITE and STMP not looking good for longs. Considering whether to take loss, take assignment, or roll. TSLA and CC butterflys are out of reach, too, but smaller losses so I’ll let them go.

#Earnings BTC $SHOP Nov 3rd 100 puts for .45. Strangles sold for 3.30 on Monday. Total exit price: .85

#Earnings Sold a 160 put for .90, since the 157.5’s became too cheap. So I’m short 177.5 calls and 157.5 and 160 puts.

#Earnings Sold $STMP Nov 3rd 200/180 put spreads for 4.15. Biggest UP move: 38.1%, Biggest DOWN move: -6.2%, Average move: 16.3%. This trade is -8.3% OTM.

#Earnings Started closing the Nov 3rd 100/125 strangle, sold for 3.30 on Monday.
Closed all of the 125 calls for .05.
Closed one 100 put for 1.45. Hopefully can get out of rest for lower, but watching as this one has been as low as 94.51 since earnings. The weakness may be over, but watching.

#Earnings Sold $AAPL Nov 3rd 157.5/177.5 strangles for 1.23. Small position to start, may add more on each side with intraday swings.

Biggest UP move: 6.5%, Biggest DOWN move: -6.6%, Average move: 4.2%. With stock at 166.50 my short strikes are +6.6% and -5.4% OTM.

#Earnings Sold $TSLA Nov 3rd 320/325/330 unbalanced (2/3/1) put butterfly for 2.15.
Bought two 320 puts, sold 3 325 puts, bought one 330 put. Net credit 2.15.

Max profit with 325 pin, 7.15. Minimum profit if above 325, 2.15 . Max loss of 2.85 to downside below 320.

#Earnings BTC $MA Nov 3rd 150/148 put spreads for .25. Sold for 1.00 on Monday.

#Earnings I’ve never traded this but it has juicy premiums, and upside bias on its short history of earnings (since Nov 2015). Using a spread for disaster protection.

Sold $LITE Nov 3rd 62/57 put spreads for 1.50. Biggest UP move: 14.1%, Biggest DOWN move: -3.7%, Average move: 6.1%. This trade is -3.2% OTM.

#Earnings Sold $MA Nov 3rd 150/148 put spreads for 1.00. 1:1 risk/reward for ATM spread… bullish trade. Biggest UP move: 9.4%, Biggest DOWN move: -2.7%, Average move: 2.6%. Stock needs to end the week above 150 for full profit.