#Earnings Not one I’ve traded before but premium decent enough within historical range.
Sold $THO June 16th 80/110 strangles for .97. Over last 12 earnings reports, its 13-DAY moves: Biggest UP move: 16.3%, Biggest DOWN move: -14.9%, Average move: 6.1%. These strikes are +17.8% and -14.3% OTM.
#OptionsExpiration #Earnings #CoveredCalls
— Expiring —
AVGO 230/225 put spreads
— Assignment —
PANW 130 call, releasing some of my stock, cost basis 128.36
Closed Early
#spxcampaign
$SPX BTC 6/9 2475/2450 BECS @ 3.00 STO @ 1.60
#earnings
$CIEN STC 6/2 23.5 call @ 4.00 BTO @ 1.08 as part of straddle with BTO 23.5 put Net profit 1.88 per contract
#optionsexpiration
$SPX 2285/2310 BUPS
$SPX 2265/2290 BUPS
$AVGO 225/230 BUPS #earnings Thank you @jeffcp66
$SVXY 70 put Thank you @optioniceman
Trades
#shortputs
$SVXY STO 8/18 90 pit @ 2.05 Thank you @jdietz1954
#spxcampaign
$SPX STO 6/12 2400/2425 BUPS @ 3.00 Thank you @jeffcp66
#ironcondor
$AET STO 7/21 135/145 BUPS @ 1.94
$AET BTO 7/21 150/155 BUCS @ 1.49 (Courtesy of Dr Science at OMM)
Have a great weekend.
#Earnings Sold to close $VMW June 2nd 92.5 call for 3.30. Seems to have petered out so sold one, leaving the other for another hour. Also was filled by selling one of the 100 calls for .05. This was bought as a butterfly yesterday for 1.90, so 1.45 profit on this half.
#Earnings #LongStraddle Sold to close $CIEN June 2nd 23.5 call for 4.10. Bought long straddle for 1.95 on Wednesday, sold one call yesterday for 3.90, the other today for 4.10. A double!
VMW 92.5/97.5/100 call butterfly bought yesterday for 1.90. Long 92.5 calls going for 3.00 now. On watch for hopefully higher into the close.
Bought to close AZO June 16th 560 put for .35. Sold for 2.35 on May 22. Still short the 610 puts but looking good to get out before expiration.
#Earnings I’m riding my last CIEN 23.5 long call, trying to top pick.
VMW settling nicely in profit zone… the closer to 97.5 the better.
AVGO an easy winner.
Following @jeffcp66
#earnings
$AVGO STO 6/2 225/230 BUPS for 1.50
#spxcampaign
$SPX STO 6/30 2450/2475 BECS @ 1.50
#shortputs
$MOMO STO 6/16/35 put @ .80 Thank you @jdietz1954
#Earnings #BrokenWingButterfly
This recently fired long from a daily squeeze, the chart looks bullish, and there is high open interest on the 97.5 calls. So I bought this broken-wing butterfly, which profits on any move up, no matter how high (although max profit is at 97.50). Downside max risk is purchase price of 1.90.
Bought to open $VMW June 2nd 92.5/97.5/100 call butterflys for 1.90.
Here is the trade and risk profile:
#Earnings – Yuuuge gap up. 113/118/123 iron fly sitting at max loss of .70
Sold PANW JUN 2 2017 135.0 Put @ .90
If the gap up holds I’ll escape with a tiny profit…
#Earnings $AVGO looks interesting with a potential max low of about 228 averaged thru the last 14 cycles, I STO a put 220 with Jun09 expiration for 1.03. Small of course.
#Earnings Looks like the #LongStraddle will return at least a small profit. Going to sell half near the open and hold the other half and watch.
#Earnings #Rolling #CoveredCalls #StockTrades
Relieved to see a big spike UP in this one, reverse of last quarter’s spike down. This should pay off holding the underwater position for three months. (sorry, @fuzzballl)
#Earnings – Taking a seat at the blackjack table. Strictly gambling here…
113/118/123 iron fly @ 4.30. Only risking 70 but needing about half of expected move. Low probability but low risk.
#Earnings #CoveredCalls I am long stock from a busted earnings trade last quarter. I also have:
June 16th 110 put
June 16th 130 put (ITM)
June 23rd 110 put
I previously sold the June 16th 130 call for 1.80, and added these today:
June 2nd 130 call for 1.20
June 16th 135 call for 1.00
July 21st 135 call for 1.50
#Earnings #LongStraddle
Bought $CIEN June 2nd 23.5 calls for 1.05. Order in to buy June 2nd 23.5 puts for .90. Biggest UP move: 18.4%, Biggest DOWN move: -18.0%, Average move: 9.8%. This trade will need an 8-9% move to break even.
#Earnings BTC $NVDA June 16th 125 puts for .24. Sold for 2.50 on May 17th.
Looking at some covered calls for PANW going into earnings tonight.
Also a long straddle in CIEN, since it averages a 10% move on earnings.
#earnings AZO
Making a nice comeback, close to getting some people out of trouble and it’s still May
#ContangoETFs Closed up a few with decent profit to clear the slate for new sales. Focussed mostly on short calls on both; puts riskier in these downward racing dogs.
BTC DUST June 9th 47 calls for .05. Sold for 1.25 on Apr 27th
BTC DUST June 16th 24/47 strangles for .65. Sold for 2.85 on Apr 26th
BTC NUGT June 16th 51 call for .16. Sold for 1.05 on May 17th
#Earnings #CoveredCalls #StockTrades
STO FB June 16th 150 call for 3.75. #Rolling for 100 shares I plan to keep longer term, as practice in managing covered calls on an up trending stock.
#Earnings Sold $AZO Sept 480 put for 3.70. Lowest strike.
#Earnings Sold $AZO june 16th 560 put for 2.35. Selling around my threatened 610 puts, in case I need to roll.
#Earnings The old reliable $AZO…
Sold to Open AZO June 16th 610/720 strangles for 4.75. Over last 12 reports, the 21-DAY MOVES of AZO: Biggest UP move: 7.5%, Biggest DOWN move: -3.3%, Average move: 2.4%. My strikes are 8.3% OTM.
#Earnings Closed $HD May 19th 157.5 puts for 1.05. Sold in the 155/157.5/160 broken-wing #IronButterfly for 2.82 on Monday.
#Rolling Closed $PANW May 19th 135 put for 18.60. Sold for 25.90 on Apr 19th (as a roll). Sold June 16th 110p for 3.30, and June 16th 130 put for 15.30. Brought my ITM put down 5 points.
#SPXcampaign Sold to Open $SPX June 15th 2275/2250 put spreads for 1.35.
Sold to Open May 31st 2360/2335 put spreads for 2.70… offsets threatened 2390/2415 call spreads for the same expiry.
#Earnings #CoveredCalls BTC $PANW May 26th 120 call for 1.00. Sold at Monday’s open for 3.30.
#Earnings #StockTrades
Sold to close all PEP stock for 113.75. I don’t need this weighing me down if we’re going to have market volatility. Cost basis 113.20 from earnings #IronButterfly last month.
#Earnings – Sold 50/52/54 skewed iron fly @ 1.62
Risk 38 to make 162. Two dollars wide on a 2.66 expected move. Obviously I’m looking for all of that move to the downside…
$TRIP #ShortCalls – Bought to close TRIP Jun 16 2017 55.0 Calls @ 0.05. They won’t trade any lower and out a month early.
Sold 05/08/2017 at 0.60 just prior to #Earnings
#earnings TGT
Any interest in Target out there?
#Earnings #LongStock Sold to close a quarter of my stock in $PEP for 114.00 in pre-market. Assigned via #IronButterfly earnings trade at the end of April, cost basis 113.20. Scaling out as stock moves higher.
#Earnings Sold $PANW June 23rd 120 put for 2.50, giving me a straddle. Will adjust or roll one side or both sides as necessary.
#Earnings #CoveredCalls
Sold to Open $PANW May 26th 120 call for 3.30. This was a GTC sell order, probably for 1.25 limit. I failed to see the morning gap before the open so it filled at 3.30.
Sold to Open $NVDA June 23rd 125 calls for 10.50. This is a roll from the May 12th 115 calls.
#Earnings Sold to Open $HD 152.5/157.5/160 broken-wing #IronButterfly for 2.82. Downside max risk: 2.18. No upside risk. Max profit 2.80 if pin at 157.5. Minimal profit to upside: .32.
Over last 12 reports, HD five-day moves: Biggest UP move: 8.9%, Biggest DOWN move: -3.0%, Average move: 3.0%.
#OptionsExpiration #Earnings #RiskReversal #IronCondors #CallButterfly #SPXcampaign
— Expiring w/Max Profit —
NVDA 95 put
SPX 2375/2350 put spreads
— Expiring w/loss —
JAZZ 155/157.5/160/162.5 iron condors, sold for 1.80, .70 loss
PCLN 1925/1950/1975, and 1975/2000/2025 call butterflys
— Expiring worthless —
SPX risk/reversal: LONG 2410/2430 call spreads, SHORT 2355/2330 put spreads
#Earnings #CoveredCalls Earnings announced May 31st.
STO PANW May 26th 119 call for 1.35
STO PANW June 16th 130 call for 1.80
#Earnings BTC $NVDA May 12th 115 calls for 13.40.
STO June 16th 120 puts for 2.45.
Looking for an 11.00 fill on the 120 calls for a June straddle, but price dropped into close. Will try to fill tomorrow.
#Earnings #LongStock Took a small loss on these to close the position and free up margin. Had a chance to get out with profit on Monday, but got greedy and thought I’d wait for higher prices. No dice.
Sold to close $TAP stock for 92.80. Assigned via 95 puts last Friday, cost basis 93.00, so .20 loss on the trade.
#CoveredCalls #Earnings
BTC $FB May 12th 147 call for 4.00 (yesterday). Sold for 5.25 on 4/28 as a roll.
BTC $PANW May 19th 116 call for 1.60. Sold for 1.15 on 4/25
Both of these will be replaced with higher strikes the next time each stock rallies.
#earnings
Yelp yelp- sold a May 19, 28-40 stranglereally crashed last night, I was imagining selling covered calls for years, recovered by morning, out with a small loss. The extra week helped, YELP is hovering just under 28.
#Earnings #ShortStrangles – Had an existing inverted strangle along with an earnings strangle. Adjusting all of them…
Bought to Close NVDA MAY 12 2017 98.0 Puts @ .02 (sold for 1.96)
Bought to Close NVDA MAY 12 2017 113.0 Puts @ .97 (sold for 4.40)
And on the little opening dip:
Sold NVDA MAY 12 2017 118.0 Puts @ 4.34
Sold NVDA MAY 12 2017 118.0 Puts @ 3.16 (too slow on this one)
With these secondary “double dip” put sales I’m testing the John Carter theory that says a gap up beyond the expected move usually continues it’s run so sold the puts in the money for Friday.
Still holding short 108 and 112 calls that will be rolled out or out into new strangles later this week.
#Earnings
$NVDA STO 5/12 95/115 strangle 2 1.95 Thank you @jeffcp66
$JAZZ STO 5/19 155/157.50/162.50/160 BUPS @ 2.40 Bought wrong date. See what happens. Thank you @jeffcp66
#spxcampaign
$SPX STO 6/9 2285/2310 BUPS @ 1.40 Following the leader
#shortputs
$SVXY STO 6/9 140 put @ 3.90 Thank you @jsd501
$MPLX STO 9/15 33 put @ 1.40 Thank you @tabortrader
#Closed Early
$SPX BTC 5/15 2440/2415 @1.40 38% profit Position too big. This is sale of half original
$NFLX STC 6/16 150 calls @8.56 BTO @ 6.40
$GS BTC 5/19 195/2015 BUPS @.05 for 91% profit
#Earnings Added a call butterfly at 1925/1950/1975 for 3.00. So I now have a bullish double hump, with max profits at 1950 or 2000. Now watch it go down….
#earnings for you Tatsy Trade viewers, there are a boatload of earnings trades today, most which don’t seem to fit the prevailing style here. many are ironflys, too close for my comfort.
#earnings #shortstrangles YELP
May 19 28/40 for 1.15
#Earnings Legging into the NVDA May 12th 95/115 strangle. Just sold the 115 calls for .75. Bid is in to sell the 95 puts for 1.30. Trade leans bullish as past earnings reports have a solid bullish bias. Biggest UP move: 29.8%, Biggest DOWN move: -7.4%, Average move: 9.6%. These strikes are +10.6% and -8.7% OTM.
#Earnings Bought to Open $PCLN May 12th 1975/2000/2025 call butterfly for 2.20. Max risk, 2.20, max gain, about 2200.
Small trade shooting for the high open interest at 2000.
#Earnings #ShortStrangles – Busy week so checking in for a couple minutes. Already have a long term position in NVDA but premiums look so good will probably be selling some more strangles today. Current position is long a few deltas so looking at a skewed strangle in the neighborhood of 95/110.
Good luck everyone!
#Earnings Sold to Open $JAZZ May 12th 155/157.5/160/162.5 iron condors for 1.80. Max risk .70.
Biggest UP move: 6.0%, Biggest DOWN move: -6.7%, Average move: 2.8%.
With stock at 158.50, short strikes are about 0.8% OTM. Breakevens are 1.9% OTM.
$TRIP #Earnings – Sold $TRIP May 19 2017 52.5 Calls @ 0.60 with the stock at 47.09.
Earnings after the bell on Tuesday.
Already short long term Puts from the drop after the last earnings report.
Gangbuster week with consolidating indices and no losers in earnings trades (one breakeven and one assignment)
#SPXcampaign
Sold to Open $SPX June 2nd 2310/2285 put spreads for 1.50
#VXXGame
BTC $SVXY May 26th 85 put for .15. Sold for 1.45 on Apr 21st
#Earnings
Sold to close $GRPN May 5th long 4 puts for .62; filled near the open, breakeven on the 4 straddle.
Previously closed winners this week: CMI, TSLA, CHTR, MELI, STMP.
#OptionsExpiration
— Expiring w/max profit —
$FB 146, 147, and 148 puts
$REGN 355/375/430/450 iron condors
— Expiring worthless (breakeven) —
$SPX risk/reversal: Long 2415/2435 call spreads, short 2435/2415 put spreads
— Assignment —
$TAP 92/95/98 Iron Butterfly; taking the stock from 95 puts, cost basis 93.00. I was going to close this for breakeven but missed the fill.
#earnings REGN should have waited 1 more day
#Earnings Bought to close $MELI May 19th 210 puts for .05. Sold yesterday for 1.55.
#shortputs
$GS STO 6/16 215/220 BUPS @ 1.30 (OMM)
$AMD STO 6/16 10 put @ .57
#spxcampaign
Follow the Jefe Jeff
$SPX STO 5/15 2315/2340/2440/2415 Iron Condor @ 3.35 Thank you @jeffcp66 for the idea.
Close Early
#earnings
$CMI BTC 5/5 140/160 strangle @.30 STO @ 1.00 Thanks @jeffcp66
The fourth is with us and if things go poorly there is always a fifth.
#Earnings I know nothing about this company, but a put sale works every earnings period and I wish to hell I owned this stock for the last 8 years.
#earnings REGN
Have an IC, 430/440 decided to close and take the hit before it gets out of hand
#Earnings – Making sure I get out of this….not risking a big drop tomorrow and saving exercise fees. Made about what my earnings trade target was by holding an extra week.
Sold to Close GILD Stock/Covered Calls @ 66.94 (basis 65.90)
EDIT… “Sold to Close”
#Earnings Not seeing much to trade today, but this one has always been a winner win I trade it bullishly.
Sold $MELI May 19th 210 puts for 1.55. Over last 12 reports, its 13-DAY moves: Biggest UP move: 22.5%, Biggest DOWN move: -10.6%, Average move: 9.1%. This trade is -10.6% OTM.
#Earnings – Once it broke 300 I bailed at even.
Bought to Close TSLA MAY 19 2017 295.0/350.0 Strangle @ 5.95 (sold for 6.00)
#Earnings Bought to close $STMP May 5th 90 puts for .05. Sold yesterday for 1.30.
#Earnings Bought to close $TSLA May 5th 290/350 straddles for .30. Sold yesterday for 1.83. Nice profit and release of margin power for today’s earnings trades.
#earnings
$STMP STO 5/5 90 put @ 1.30
$FB STO 5/5 146 put @ .60 Thank you @jeffcp66
#longcalls
$GOOGL STC 5/19 850/860 BUCS @ 9.90 BTO @ 5.20
#Earnings Added to FB ladder… sold $FB May 5th 146 puts for .81
Sold to close (1x) $GRPN 4 put for .60… breakeven on that one, but keeping the others for one more day.
#Earnings – Just for fun trying something a little different. Since I don’t want to sell any more than one strangle, gonna go out in time a little for more premium.
Sold 1 TSLA MAY 19 2017 295.0/350.0 Strangle @ 6.00
#Earnings #ShortStrangles
Bought to close $CMI May 5th 140/160 strangles for .50. Sold for 1.00 on Monday. Got a nice pullback today after it breached my call strike yesterday. Closing now to avoid a rally in the stock, and also to clear up margin.
#Earnings Sold May 5th 290/350 strangles for 1.83. Over last 12 reports, Biggest UP move: 11.2%, Biggest DOWN move: -11.3%, Average move: 5.6%.
#Earnings #ironcondor
Sold $REGN May 5th 355/375/430/450 iron condors for 2.40. Biggest UP move: 4.8%, Biggest DOWN move: -6.3%, Average move: 2.8%. My short strikes are -7.2% and +6.4% OTM
#ShortPuts Sold $STMP May 5th 90 puts for 1.30. Biggest UP move: 38.1%, Biggest DOWN move: -16.1%, Average move: 15.3%. This trade is 16.1% OTM.
#Earnings #ShortPuts #ShortStrangles
Closed $CHTR May 5th 325/370 strangles for .50. Sold on Monday for 2.30.
Closed $DPZ May 19th 165 puts for .10. Sold last week for 1.10.
#Earnings #ShortPuts I have orders in to leg into short puts, $FB May 5th 148 and 147, on the morning weakness. If we rally into the afternoon I will consider (much further out) calls.
I am bullish on the report but also willing to take assignment.
Over last 12 reports: Biggest UP move: 15.5%, Biggest DOWN move: -6.1%, Average move: 4.6%.
#Earnings Trying the rare #LongStraddle trade for a stock that tends to move big on earnings:
Bought $GRPN March 5th 4.00 straddles for .60. Biggest UP move: 29.0%, Biggest DOWN move: -26.3%, Average move: 16.7%. Breakevens are +/-15% OTM.
Tempted to sell a strangle but always careful that any earnings announcement could have some news that would blast the thing off. Valuation isn’t as good as it was a year ago, but still a reasonable PE (17) for a company projected to grow by 16% over the next 5 years. Sitting on my hands for now.
#Earnings
#Earnings Sold to Open $TAP May 5th 92/95/98 #IronButterfly for 2.00. Max loss 1.00. Biggest UP move: 5.8%, Biggest DOWN move: -4.1%, Average move: 2.5%. Breakevens are +/-2.1% OTM at Friday expiration..
Expiration
#spxcampaign
$SPX 2415/2390 BECS Thank you Jeff
Closed Early
#shortputs
$GOOGL 5/19 825/635 BUPS @ .05 97% profit
#earnings
$CMI STO 5/5 140/160 strangle Thank you Jeff
#spxcampaign
$SPX 5/12 2440/2415 BECS @ 2.20
#Earnings Sold $CMI May 5th 140/160 strangles for 1.00. Biggest UP move: 7.6%, Biggest DOWN move: -8.7%, Average move: 4.1%. These strikes are +5.3% and -7.9% OTM.
Options Bistro 