#Earnings #InverseStrangle #ShortPuts
Currently short the Dec 2nd 375 call and Dec 9th 415 put (inverse strangle). Selling some puts on the spike down this morning:
STO REGN Dec 2nd 380 put for 2.40
STO REGN Dec 9th 380 put for 5.00
Tag Archives: Earnings
Options Expiration 11/25/16
#OptionsExpiration #SPXcampaign #Earnings #ShortPuts #IronButterfly #ContangoETFs
— Expired —
DUST 35 puts
REGN 390 put
SPX 2150/2125 put spreads (sold for 2.70 on Nov 15th)
SPX 2175/2150 put spread (sold for 14.00 on Oct 13th)
— Expired with max loss —
DE 90/92.5/95 iron butterfly
REGN fat-fingered roll
#Earnings #ShortPuts #Rolling Was trying to make this roll with a $1 credit but turkey-induced droopiness led to the reverse, a 1.10 loss. Oh well… not much in the scheme of inverse strangles…
BTC REGN Nov 25th 420 put for 22.00
STO REGN Dec 9th 415 put for 20.90
DE in headlights
#Earnings Record highs for DE… and a dud for the ATM #IronButterfly. I don’t see a pullback t0 93 in the cards by Friday.
DE earnings IB
#Earnings #IronButterfly Sold to Open $DE Nov 25th 90/92.5/95 iron butterfly for 1.97. Max risk .53.
I don’t see a decent trade in GME, so unless anyone’s got a good idea I’ll be skipping it.
PANW after hours stock
#Earnings $PANW has had an out-sized move down on earnings. Bought 100 shares at 140.85. Looking to unload with a move back above 150.
Options Expiration 11/18/16
#OptionsExpiration #Earnings #ContangoETFs #ShortStrangles #ShortPuts #ShortCalls #CoveredCalls #VXXGame
— Expiring —
BBY 38 and 38.5 puts
DUST 55 call
DUST 35 puts
LOW 65/72 strangles
RGLD 82.5 covered call
UVXY 45 call
— Assignment —
DUST 50 call, taking short stock (only because I forgot to roll)
REGN roll
#Earnings #ShortStrangles
BTC $REGN Nov 18th 400 put for 2.50
STO $REGN Nov 25th 390 put for 3.80
NFLX calls closed
BBY earnings
#Earnings Sold to Open $BBY Nov 18th 38 puts for .84. Bullish trade. BBY was up 20% on last earnings; chart looks bullish. Last three years’ moves:
Aug. 23, 2016 BO 19.60%
May 24, 2016 BO -7.42%
Feb. 25, 2016 BO 2.44%
Nov. 19, 2015 BO -2.10%
Aug. 25, 2015 BO 12.57%
May 21, 2015 BO 3.93%
March 3, 2015 BO 1.42%
Nov. 20, 2014 BO 6.97%
Aug. 26, 2014 BO -6.84%
May 22, 2014 BO 3.43%
Feb. 27, 2014 BO -0.96%
Nov. 19, 2013 BO -10.97%
REGN put
#Earnings #ShortStrangles STO $REGN Nov 25th 420 put for 5.00. Selling against my woefully ITM short call.
LOW trade
#Earnings STO $LOW Nov 18th 65/72 strangle for 1.03. Biggest UP move: 6.4%, Biggest DOWN move: -6.2%, Average move: 3.1%. These strikes are each 5.1% OTM.
DAL stock sold
#Earnings Sold to Close $DAL stock for 47.00. Originally assigned at 47.00 back in April. The remnant of a larger earnings trade that sat like a lump in my account as DAL dipped as low as 32.60. In the end, the trade wound up with a $64 profit. Too long for too little!
NFLX roll
#Earnings #StrangleRoll After getting stretched to the upside, it is now the put side of tech trades in trouble. Clearly overdone move, in my view; and overreaction to Trump’s past comments about AMZN, FB, AAPL, etc.
BTC NFLX Dec 15th 115 put for 6.60 (sold for 2.10 avg, still have another)
STO NFLX March 90/135 strangle for 6.86
#options expiration Usually close things…
DIS earning closed with small loss
#Earnings BTC $DIS Nov 11th 95 calls for 2.75. Sold yesterday in the 92/95/98 IB for 2.02.
DIS after bell Earnings stock
#Earnings Put in orders to buy stock around the expected move, so bought two batches, at 92.50 and 92.00. Will sell tonight if there’s a recovery. Otherwise hold it.
DIS earnings trade
#Earnings STO $DIS Nov 11th 92/95/98 iron butterfly for 2.03
CMG call
#Earnings #shortstrangles
STO $CMG Dec 16th 420 call for 6.00. Paired with a 350 put, as a roll-out from busted earnings trade last month.
NFLX put sold
#Earnings STO $NFLX Dec 16th 115 put for 3.15, adding to the position.
DISH trade closed
#Earnings BTC $DISH Nov 11th 53/59 strangles for .25. Sold for 1.30 on Tuesday.
Also, BTC $PRGO Nov 11th 75 puts for .05. Sold yesterday in the 75/93 strangles for 1.40. Order in to close the call side.
REGN roll
#Earnings This one was looking good until Hillary went and lost the election. Now Biotech soaring.
Last Thursday I sold the REGN Nov 11th 310/372.5 strangle for 6.40. All looked peachy until it started rocketing. So I’m rolling a strike higher and will sell puts against it. We’ll call it the #FuzzTrade
BTC REGN Nov 11th 372.5 call for 55.00
STO REGN Dec 2nd 375 call for 55.65
STO REGN Nov 11th 410 put for .85 (expires tomorrow)
STO REGN Nov 18th 400 put for 3.25
Good week for earnings so far…
#Earnings Strangles on JAZZ, DISH, PRGO all working.
PRGO Earnings
#Earnings Sold to Open Nov 11th $PRGO 75/93 strangles for 1.40. Biggest UP move: 7.3%, Biggest DOWN move: -10.2%, Average move: 5.6%. These strikes are +10.2% and -11.1% OTM
RGLD covered call
#CoveredCalls #Earnings #LongStock Glad to see this stock position recovering, after being assigned shares then watching it dip to mid 60’s.
STO $RGLD Nov 18th 82.5 covered call for .75
JAZZ earnings
#Earnings STO $JAZZ Nov 11th 95 puts for .90. Working to sell 115 calls, too.
Biggest UP move: 5.2%, Biggest DOWN move: -7.4%, Average move: 2.9%. This trade is 9.5% OTM.
DISH earnings
#Earnings STO $DISH Nov 11th 53/59 strangles for 1.30. Biggest UP move: 6.0%, Biggest DOWN move: -6.3%, Average move: 2.6%. These strikes are both 5.3% OTM.
PCLN earnings
#Earnings Over last 3 years, Biggest 5-day UP move: 15.6%, Biggest 5-day DOWN move: -8.7%, Average 5-day move: 6.4%.
I’m looking to sell Nov 11th 1275 puts for 3.50-4.00. This strike is about 12% OTM, so far above the average move, decently above the largest down move. TOS has expected move at +/- 6.1%.
Due to larger historical moves up, I’ll skip the call side or consider farther OTM.
#Earnings Our old friend PCLN…
Our old friend PCLN on Monday!
Major Earnings for the Upcoming Week:
Monday:
A.M. – ARIA, NILE, CTSH, DF, FDC, MGM, ROK, BID, SYY
P.M.– ALGN, ARNA, CZR, HTZ, IFF, MAR, NWS, PCLN
Tuesday:
A.M.– CNK, CVS, DHI, JCI, VRX
P.M.– TRIP
Wednesday:
A.M. – MT, CROX, COTY, M, VIAB, WEN
P.M. –TCS, MYL, SHAK, SLW, SUN, VVUS
Thursday:
A.M. –AZN, KSS, PRTY, PRGO, RL, SODA
P.M. –KORS,JWN, NVDA,DIS
Friday:
A.M.– JCP
FB trade mgt
#Earnings BTC $FB Nov 4th 130 calls for 9.00. This is the #IronButterfly sold for 6.20 on Wednesday. Taking a loss.
BTC FB Nov 4th 121 puts for .10, to avoid assignment. Sold for .80.
I will still be assigned stock from puts at 122 through 126, as well as having my final bit of short stock covered.
Closing GILD earnings
#Earnings Looks like GILD may be dropping again, so starting to close the earnings trade.
BTC $GILD Nov 4th 73.5 put for .95. Sold as part of the 68.5/73.5/78.5 iron butterfly for 3.05 on Tuesday. Watching for another bounce to get rid of my other one.
Closing FB
Getting out of this #Earnings trade for most of max profit, guarding against a possible afternoon swoon that could take this thing back in the money.
Bought to close $FB Nov 4 120 puts @ .11. Sold for .67 on 11/2.
FB short stock
#Earnings #ShortStock Covered another batch for 119.50. One batch left which I’m leaving for tomorrow.
REGN earnings
#Earnings Slightly different approach here. REGN’s 1-day moves on earnings: Biggest UP move: 7.4%, Biggest DOWN move: -6.3%, Average move: 3.8%. But tomorrow’s expiring options only go down to 327.5. Looking at its 8-day moves: Biggest UP move: 9.5%, Biggest DOWN move: -4.5%, Average move: 2.8%.
The average is actually LOWER over time, as any big moves after earnings are usually corrected in the following week. The UP move is bigger, but that 9.5 move in Feb 2014 is an outlier… its next biggest 8-day move up is 3.9%.
So I went out a week for a strangle:
STO $REGN Nov 11th 310/372.5 strangle for 6.40. Strikes are -9.5% and 8.8% OTM respectively.
BABA earnings closed
#Earnings BTC BABA Nov 4th 93 puts for .04. Sold as part of the 90/93/108/111 condor for .55 on Tuesday. Might as well get out cheap with BABA acting this poorly.
FB partial stock closed
#Earnings #ShortStock BTC $FB short stock for 121.40. Wish I’d watched overnight since it got as low as 116. I have short puts from 120-126, but willing to take long stock if my short position is covered.
FB earnings
#Earnings Gotta take a shot. Playing it slightly to the upside with wings at the 100 ma and the all time high. As usual, needing a slightly less than expected move.
Sold FB 123/128/133 iron flies @ 4.20 risking 80 to make 420 per fly. Expected move creeping up above 6 now…
APA IB
#Earnings STO $APA Nov 4th 57.5/60/62.5 #IronButterfly for 1.60. Max risk .90. Over last 3 years, Biggest UP move: 8.1%, Biggest DOWN move: -3.4%, Average move: 2.0%. Breakevens are 2.7% OTM.
FB additional
#Earnings Added another $FB Nov 4th 120/130/140 IB for 6.20.
Also a risk/reversal:
STO FB Dec 16th 115 puts for 1.64
BTO FB Nov 4th 131 calls for 1.63
FB trades
#Earnings #ShortStock #CoveredPuts #ironbutterfly
I am still short some stock so I’ve sold several puts today and over the past week… Nov 4th, every strike from 120 to 126.
I also STO FB 120/130/140 iron butterfly for 6.15, at @thomberg1201‘s suggestion.
$FB #Earnings Sold $FB Nov…
$FB #Earnings
Sold $FB Nov 4 120 puts @ .67
FB #earnings Nov. 4 120/130/130/140…
FB
#earnings Nov. 4 120/130/130/140 for 6.11.
AVGO position closed
#Earnings Sold to close $AVGO stock for 173.59. Nice move up this morning. This started as an earnings trade that went against me. Trade was started on Sept 2nd, and by hanging with it I am getting out for breakeven before their next report.
FB earnings
#Earnings Here are the last three years of results. It has been strong and I would lean bullish. If there’s a drop on earning I would say that’s an opportunity. I will be selling puts.
July 27, 2016 AC 1.34%
April 27, 2016 AC 7.19%
Jan. 27, 2016 AC 15.52%
Nov. 4, 2015 AC 4.63%
July 29, 2015 AC -1.83%
April 22, 2015 AC -2.62%
Jan. 28, 2015 AC 2.30%
Oct. 28, 2014 AC -6.07%
July 23, 2014 AC 5.17%
April 23, 2014 AC -0.79%
Jan. 29, 2014 AC 14.10%
Oct. 30, 2013 AC 2.42%
CMG roll
CMG rolling
GILD iron butterfly
#Earnings Sold to Open $GILD Nov 4th 68.5/73.5/78.5 iron butterfly for 3.05. Max risk $195. Breakevens approx +/-4%. Kept this to a 2-lot so I can’t lose over $400. Over last three years, Biggest UP move: 4.6%, Biggest DOWN move: -9.1%, Average move: 4.4%.
FB puts sold
#Earnings #ShortStock Continuing my acquisition of short puts for earnings.
STO FB Nov 4th 123 put for 1.07
STO FB Nov 4th 120 put for .55
TAP earnings closed
#Earnings BTC $TAP Nov 4th 100 puts for .15. Sold yesterday for .85.
HLF, BABA earnings trades
#Earnings I put these orders in this morning and they filled while I was out:
STO $HLF Nov 4th 50 puts for .50. Biggest UP move: 20.5%, Biggest DOWN move: -20.8%, Average move: 9.9%. This trade is 15.3% OTM (with stock at 59.00).
STO $BABA Nov 4th 90/93/108/111 iron condor for .55. Biggest UP move: 7.5% , Biggest DOWN move: -8.8% , Average move: 5.3% . These strikes are both 7.5% OTM, with stock at 100.50.
Also trying to sell $EA 71 puts (neutral/bullish) and AGN 210/215 call spread (bearish 1:1 trade).
$TAP #ShortPuts #Earnings – Sold…
$TAP #ShortPuts #Earnings – Sold TAP NOV 4 2016 94.5 Puts @ 0.21. These expire Friday
TAP earnings
#Earnings Classic earnings trade: STO $TAP Nov 5th 100 puts for .80.
Over last 3 years, Biggest 5-day UP move: 6.8%, Biggest 5-day DOWN move: -4.6%, Average move: 2.8%. This trade is -4.5% OTM.
To find a bigger than 5% move at any point within 5 days after earnings, you have to go back to May 2011. THIS IS A NAKED TRADE. Use a spread if you’re not comfortable with the risk.
NFLX puts
#Earnings Selling to offset short calls:
STO NFLX Nov 11th 122 put for 1.50
STO NFLX Dec 16th 115 put for 2.10
AAPL & BIDU final closures
#Earnings BTC $BIDU Oct 28th 175 call for 5.30.
BTC $AAPL Oct 28th 118 put for 4.40.
Good week for IB’s. Big win on $V, and small wins on the two above.
BIDU earnings, partial close
#Earnings $BIDU took exactly zero heat from the market dip (I guess they don’t care about Hillary’s emails in China), and now is starting to curve up. Closed one of my two trades for 6.25. Sold for 7.40 yesterday, so $115 profit on that one. Will wait to see where it goes for my other one.
AAPL iron butterfly
#Earnings Today we have to close the 118 put. Closed one Wednesday for 2.75. Just closed one now for 3.95. Since spread was sold for 4.14, I will put a stop on the last one at 4.50, which will preserve a small profit and avoid a loss.
NFLX call
AMZN earning trade closed
#Earnings Bought to close $AMZN Oct 28th 750 puts for .08. Sold yesterday for 1.825 (avg price). Letting a 935 call expire. When I can close for only .08, I have no reason to risk an afternoon dump.
CMG roll
#Earnings Rolled my other $CMG 370 put to Nov 18th 360 put for a .70 credit. So now I’m short 355 & 360 put for Nov 18th. Will look to sell calls on the next rally, or roll if we go lower.
V trade closed
#Earnings BTC $V Oct 28th 83 puts for .15. IB sold for 1.55 on Monday, out today for .31.
This one winner will leave me profitable for the week on earnings trades, even if all other IB’s were max losers (which they won’t be).
BIDU $ AAPL earnings iron butterflys
#Earnings $BIDU currently profitable. If it starts running up, profit will disappear. Watching with another manual trailing stop.
$AAPL also slightly profitable but will be better if we can rally today. Watching all of these
V earnings iron butterfly
#Earnings Keeping an eye on $V for an exit on the short puts. Right now getting out for .40 is possible, and if it starts dropping I will want to get out; kind of a manual trailing stop. I may also exit the short calls for cheap in case it really runs today.
AMZN and GOOGL iron flies
Bought AMZN 795/825/860 iron fly @ 33.15 (sold for 31.50) Loss of 1.65 which is less than half of max
Bought GOOGL 795/820/845 iron fly @ 11.70 ( sold for 22.10)
Net gain of 8.75 on the two biggies…I’ll take it!
AMZN trade
#Earnings Added one more 750 put for 1.75 right before the close… didn’t bother with another call since premium had dropped so much. Quite a deep dip but looking like 750 will hold.
AMZN
#earnings old school iron condor Nov. 18 720/730/930/940 for 1.50
GOOGL earnings
#Earnings I have skipped this one last few quarters as its options chain doesn’t provide the opportunities that AMZN or NFLX do. Even PCLN is easier. Any ideas?
July 28, 2016 AC 3.32%
April 21, 2016 AC -5.41%
Feb. 1, 2016 AC 1.31%
Oct. 22, 2015 AC 5.60%
July 16, 2015 AC 16.25%
April 23, 2015 AC 2.90%
Jan. 29, 2015 AC 4.73%
Oct. 16, 2014 AC -2.59%
July 17, 2014 AC 4.18%
April 16, 2014 AC -3.64%
Jan. 30, 2014 AC 4.01%
Oct. 17, 2013 AC 13.79%
Average: +/- 5.6%
AMZN earnings trade
#Earnings Sold to Open $AMZN Oct 28th 750/930 strangle for 2.66. Had an order in two sell two at 2.65, but only one filled for 2.66.
BIDU earnings trade
#Earnings Sold to Open $BIDU Oct 28th 165/175/185 iron butterfly for 7.40. Max risk: 2.60. Breakevens at the close Friday: about 167.50 and 182.50; about 4% either way. Profit anywhere between.
BIDU earnings
#Earnings Not as good with OTM premium. may try a 10-point wide IB. Any other thoughts?
July 28, 2016 AC -3.64%
April 28, 2016 AC 4.45%
Feb. 25, 2016 AC 9.84%
Oct. 29, 2015 AC 10.93%
July 27, 2015 AC -14.99%
April 29, 2015 AC -8.54%
Feb. 11, 2015 AC -4.49%
Oct. 29, 2014 AC 5.54%
July 24, 2014 AC 10.88%
April 24, 2014 AC 1.98%
Feb. 26, 2014 AC 3.48%
Oct. 29, 2013 AC 3.46%
AMZN earnings
#Earnings Looking at 750/930 strangle. Wit stock at 822.00, these strikes are 8.8% and 13.1% OTM respectively. Over last three years: Biggest UP move: 14.1%, Biggest DOWN move: -11.0%, Average move: 9.2%.
July 28, 2016 AC 0.82%
April 28, 2016 AC 9.56%
Jan. 28, 2016 AC -7.60%
Oct. 22, 2015 AC 6.22%
July 23, 2015 AC 9.79%
April 23, 2015 AC 14.13%
Jan. 29, 2015 AC 13.71%
Oct. 23, 2014 AC -8.34%
July 24, 2014 AC -9.64%
April 24, 2014 AC -9.88%
Jan. 30, 2014 AC -10.99%
Oct. 24, 2013 AC 9.38%
Thoughts?
Earnings today AMC on GOOGL,…
Earnings today AMC on GOOGL, BIDU, AMZN
CMG roll
#Earnings Yesterday I rolled one of my CMG Oct 28th 370 puts to Nov 18th 355 put, with a 1.00 debit. I plan to sell a Nov call to make up that 1.00. Waiting to see the action today before acting on the other put.
AAPL iron butterfly
#Earnings BTC $AAPL Oct 28th 118 calls for .09. Clearing my upside risk for this stock to rise into Friday. Full 112/118/124 IB sold yesterday for 4.14.
FB puts
#Earnings Starting to ell some puts against my short stock into earnings:
STO $FB Nov 4th 124 put for 1.30
STO $FB Nov 4th 126 put for 1.85
Earnings results
#Earnings Looking pretty good so far for neutral plays on CMG and AAPL!
Options Bistro 