I did the following to extend duration, lower the strike and bring in additional premium
Rolled today’s 135 puts down and out for 1.38 credit:
Bought to close $PANW May 27 135 puts @ 4.41 (sold for 1.30 yesterday as an earnings trade)
Sold to open $PANW Jun 17 133 puts @ 5.79
Added Jun 17 short calls to lower basis further:
Sold to open $PANW Jun 17 140 calls @ 1.31
I am now short the Jun 17 133/140 strangle.
#Earnings Sold to Open $PANW May 27th 130/135/155/165 condor for 1.95. Recent moves after earnings: Biggest UP move: 10.6%, Biggest DOWN move: -10.8%, Average move: 5.9%. These short strikes are 6.9% OTM. Risking 3.05 to make 1.95, inside the stock’s average move.
#Earnings BTC $AZO June 17th 670 put for .35. Sold yesterday for 2.50.
#Earnings Usually a good one to trade, but this quarter it’s announcing one day after monthly expiration, and has no weekly options. So an order is in to sell one 670 put (June 17th) for 2.50 if it fills. The most it has moved down over a 34 day period is 5.3%, which would take us to 690.
#OptionsExpiration
— Expiring —
$CRM 72.5/67.5 put spreads (#Earnings)
$FB 100 put
$NUGT 89 puts
$NUGT 130 and 160 calls
$UVXY 23 call
–Assignment–
$NUGT 89 calls, purchased stock at 89.oo after-hours so short stock assignment will zero out the position
#Earnings Sold to Open $CRM May 20th 72.5/67.5 put spreads for .75. Over last 12 earnings, Biggest UP move: 12.6%, Biggest DOWN move: -5.8%, Average move: 6.5%. The short strike is 6.6% OTM.
#Earnings, so much for my double diagonal experiment… I forgot to close it! So the short 51 call expires, will be assigned the stock from the short 51 put, and will still be holding May 13th long 52 call and long 49 put. Downside risk capped at 49.00. Upside gain uncapped.
— Expiring —
$DATA 51 call (see separate post)
$NUGT 90 put
$SPX 2010/1980 put spreads
$SPX 2130/2155 call spreads
$UVXY 13.5 puts
— Assignment —
$UVXY 16 put, taking stock… not worried that we’ll be above 16 at some point next week
$DATA 51 put – (see separate post)
— #Earnings Loss —
$BABA 71/73/77 broken-wing put fly
#Earnings Sold to open $DATA double diagonal for .55. Max gain if stock doesn’t move, but a fairly wide range of profit, as high as 20% up or down, depending on how much IV drops tomorrow.
Sold May 6th 51 put and 51 call
Bought May 13th 49 put and 52 call
I had to enter each leg separately as a combo order would not fill. Haven’t tried these before so just doing a 1-lot and see how it all works tomorrow. Max loss $245
$ETE @jeffcp66 Thinking of doing an earnings trade? Earnings today after the bell.
#Earnings Bought to Open $BABA 71/73/77 put on butterfly for 1.50. This is a BEARISH trade. Sees max profit at 73.00, no downside loss possible; max loss of 1.50 above 77.00. Here are BABA’s one-day moves in its short history (average is 5.6%)
Jan. 28, 2016 BO -3.76%
Oct. 27, 2015 BO 4.04%
Aug. 12, 2015 BO -5.12%
May 7, 2015 BO 7.50%
Jan. 29, 2015 BO -8.77%
Nov. 4, 2014 BO 4.19%
#Earnings Below are the 1-day moves after the last 12 earnings reports for $TLSA. It has a fairly high average move of 9.5%, with unpredictable direction. Expected move is around $19-$20 (8.4%). Given this, the premium is disappointingly low for OTM strikes. Please share any idea you have for trading the today!
Feb. 10, 2016 AC 4.73%
Nov. 3, 2015 AC 11.17%
Aug. 5, 2015 AC -8.88%
May 6, 2015 AC 2.76%
Feb. 11, 2015 AC -4.66%
Nov. 5, 2014 AC 4.43%
July 31, 2014 AC 4.46%
May 7, 2014 AC -11.30%
Feb. 19, 2014 AC 8.43%
Nov. 5, 2013 AC -14.50%
Aug. 7, 2013 AC 14.34%
May 8, 2013 AC 24.39%
#Earnings $PCLN has some pretty juicy premium for a wide strangle or condor. Below are the three-day move after last 12 reports. Historically, upside has been the bigger risk. The 1560 call is going for 1.30 and is 16% OTM (above previous 15.4% move). And the 1200 put is going for 6.00, which is 10.4% OTM (below previous -9.6% move).
THREE-DAY MOVES
Wed 02/17/2016 BO 15.58%
Mon 11/09/2015 BO -9.56%
Wed 08/05/2015 BO 2.59%
Thu 05/07/2015 BO -4.69%
Thu 02/19/2015 BO 8.30%
Tue 11/04/2014 BO -8.40%
Mon 08/11/2014 BO 2.16%
Thu 05/08/2014 BO 0.36%
Thu 02/20/2014 AC 2.54%
Thu 11/07/2013 AC 4.91%
Thu 08/08/2013 AC 3.87%
Thu 05/09/2013 AC 3.78%
$CMI #Earnings opened short strangle 108/134 which have been max deviations over last 10 reports. CAT had its report and stayed within a reasonable range, these two have been moving quite closely to each other since last June.
#Earnings Bought to close $NFLX Apr 29th 90 puts for .25 to avoid possible assignment. Sold for 1.00 on earnings day (4/18).
#Earnings Yesterday I sold $AMZN Apr 29 540/520 put spreads for 1.40. At the open this morning, I closed the (4) short puts for .01, no commissions, so I paid $4 to free up the margin on a hairy day for the market. I then put in an order to sell the 520 puts for .01, and it just filled, but I was charged $1.33 in commission. Question… can you sell way OTM puts like this on expiration day and make a profit? I’ve done it last couple of weeks with NUGT in the last 15 minutes before the close (using options about .25-.75 OTM). If your margin can handle it, you can scalp a few hundred.
#Earnings Sold to Open $AMZN Apr 29th 540/520 put spreads for 1.40. Short strike is 11% OTM, outside its biggest down move over last 12 earnings.
With a market maker expected move of 7 and the stock around 108.50 I threw one out there at around 2 standard deviations away.
Sold $FB Apr 29 100 puts @ 1.00. If the strike gets taken out I will likely just stay long the stock.
#Earnings #ContangoETFs #VXXGame Not as much as I was trying to get, but made these trades after the announcement…
STO $FB Apr 29th puts for .85. Adding to puts previous sold at 103 and 100.
BTC $FB June 17th 130 call for .28. Sold for 1.23 in Feb.
STO $NUGT May 20th 60 put for 2.60
BTC $UVXY Jan 2017 80 call for 1.50. Sold for 15.47 (avg price) last August.
BTC $UVXY June 15 put for 3.10. Sold in March for 1.40. Missed fills on some calls I tried to sell.
Also missed a fill on SPX put spread.
#Earnings Sold to close $CMG 400/410/420 put butterfly for 2.50. Far short of max profit but enough to be a winner from the 1.70 cost of putting this and the bullish one on yesterday (placed at expected move both above and below). First time I tried that, will have to consider more often on these stocks that typically move. Wish I had bought more than one so I could keep some for possible lower prices into Friday, but 420 seems like a decent support level.
#Earnings Total speculative play, Bought $PYPL Apr 29th 42 calls for .45. It has only reported twice, went down 5% first time and up 10% second time. This is just a shot at it continuing bullish trend and popping up in the morning.
#Earnings Here is the entire history of Facebook earnings (15 reports). Biggest UP move: 29.6%, Biggest DOWN move: -11.69%, Average move: 8.2%.
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%
July 24, 2013 AC 29.61%
May 1, 2013 AC 5.61%
Jan. 30, 2013 AC -0.83%
Oct. 23, 2012 AC 19.12%
July 26, 2012 AC -11.69%
#Earnings Your typical ATM play, with 3 days to work if AAPL bounces around until Friday.
Sold to Open 100/104/108 iron butterflies for 3.22… risking .78 to make 3.22.
#Earnings A fairly cheap play, low probability, placing butterflies on both sides at the expected move of about 30 points. Something fun to watch the rest of the week…
Sold to Open $CMG Apr 22 470/480/490 call butterfly for .80
Sold to Open $CMG Apr 22 400/410/420 put butterfly for .90
Small position outside 2 standard deviations. Taking a risk that much of the bad news is priced in and the stock doesn’t have another 10 or so percent down in it. Strike is below the big January low.
Sold $CMG Apr 29 392.50 put @ 1.60
#Earnings STC $NOW stock for 74.01. Assigned at 60.00 in February
BTC $NOW May 20th 60 call for 14.00. Sold for 2.05 in February.
Last remnant of earnings trade, no reason to hold longer. Overall all a loser since I sold several shares while under water.
#Earnings #AfterHours
Last night bought $GOOGL stock for 730. Sold half a few minutes later for 740. Stopped myself out on the rest at 734.00. The profit is double what I lost on the bullish butterfly I bought yesterday, so all’s good.
#Earnings #CoveredPuts #shortstock
Against my short stock position, STO $FB Apr 29th 103 puts for 1.50
#Earnings BTO $GOOGL stock for 730.00. Sold half for 740.00. Holding other half for more gains… will close tonight if it reaches 760, otherwise hold for tomorrow. Stop at 720.00, which would be breakeven.
#Earnings I haven’t traded $GOOGL on the last few earnings because premium is often light at far OTM strikes. Looking at its history, it is more bullish than bearish on past earnings. I am trying for the Apr 22nd 800/820/840 call butterfly. This would profit most at 820, a 5.4% up move (40 points), which is the expected move based on IV. Looks to be going for 3.75-4.00. Bidding 3.25 for now and will adjust if not filled.
Anyone else trading this?
$MCD #Earnings watching today for tomorrow mornings release. Waiting on a fill for a short strangle 123/135 with April22 exp. for a premium of .59 or better. The strikes are both outside of the max close for the last 9 quarters, probability over 80 %.
#Earnings NOW and DATA doing the reverse of what happened in February. NOW earnings last night; DATA not until May 5th. I have covered calls, NOW way down at 60, DATA at 49.
#Earnings This could be a viable trade if you’re willing to take stock… selling 40 puts for .50, or any other bullish play. That would be a 9.1% down. UA’s biggest recent down move was 7.3%, and it often pops up big, like 22% up last quarter. Chart looks pretty bullish, with a daily squeeze, and entering a weekly squeeze.
#Earnings Bought to close $NFLX Apr 22nd 90 puts for .10. Sold for .60 on Monday. Still holding 90 puts expiring Apr 29th, GTC order in to close for .10.
#Earnings This trade looks to be a bust. It will cost 2.00 to close the ITM call spread; after the 1.50 credit we took in, that’s a 50-cent loss (ignore the puts, they will expire worthless). It may be possible to close it for less than 2.00 if there is any pullback, so keep an eye on it for the rest of the week. Sorry this one didn’t work out!
#Earnings #ShortStock #coveredputs
STO $FB April 29th 100 put for 1.20. Slowly building a larger put position as an eventual earnings play. If I have to stay short the stock into earnings, I want to sell a lot of puts to offset possible positive reaction in the stock.
#Earnings BTC $NFLX Apr 22nd 125 calls for .04. Sold for .95 yesterday. Order in to close the 90 puts for .10. May take a few hours or a couple days.
#Earnings $NFLX down but bounced off lows and is still nicely centered between 90/125 strangle.
$JNJ up; will watch the rest of the week for a drift back toward 100. May close short puts early if they get cheap enough.
#Earnings To offset puts sold earlier, STO $NFLX Apr 22nd 125 calls for .95
#Earnings Following rknight’s idea…
STO $NFLX Apr 22nd 90 puts for .60
STO $NFLX Apr 29th 90 puts for 1.00
With stock at 106.40 this strike is 15.4% OTM. I will take stock at 90. If we get any significant bounce before close I will consider selling some calls over 120.
#Earnings Here are the moves in the 5 days after the last 12 earnings reports for $NFLX:
Tue 01/19/2016 AC -6.64%
Wed 10/14/2015 AC -7.74%
Wed 07/15/2015 AC 12.65%
Wed 04/15/2015 AC 19.33%
Tue 01/20/2015 AC 25.41%
Wed 10/15/2014 AC -19.92%
Mon 07/21/2014 AC -6.65%
Mon 04/21/2014 AC -7.57%
Wed 01/22/2014 AC 14.23%
Mon 10/21/2013 AC -7.59%
Mon 07/22/2013 AC -5.97%
Mon 04/22/2013 AC 23.61%
The AVERAGE move is 13.7%. With the stock at 108.00, just staying inside the average move would equate to a 93/123 strangle, which goes for about 2.00. As I like to stay much further away than the average, I don’t think I will be selling options or condors. May look at butterfly options, but since the moves can be big and erratic, those will be pretty speculative. Any other ideas?
#Earnings Sold to Open $JNJ Apr 22nd 108/110/112 iron butterfly for 1.47. Max gain, 1.45(ish), max loss, .53. This is based on the fact that JNJ moves very little on earnings, and 110 is with the current uptrend and a nice round number. Open interest not really a factor; it’s slightly bigger at 110 call but not on the puts. Goal is for JNJ to finish the week as close to 110 as possible. On any large swings I may take off parts of it during the week to increase chance of profit, but also increase risk slightly.
#Earnings – This week 104 S&P 500 companies report. The highlights are the tech names and we’ll get reports from IBM and Netflix today, Yahoo and Intel tomorrow followed by Alphabet, Microsoft and Verizon on Thursday. Away from the tech names we’ll also hear from Pepsico (today), Morgan Stanley (today), Goldman Sachs (Tuesday), Johnson & Johnson (Tuesday), Coca-Cola (Wednesday), General Motors (Thursday), Schlumberger (Thursday), Caterpillar (Friday), General Electric (Friday) and McDonalds (Friday).
#Earnings Well, a bummer of an ending for this one… sold half of my position with decent profits, but the last half will be about breakeven since we collapsed today rather than the hoped for pin at 49.00. About a 70% gain on the overall trade.
Sold to close remaining 47 calls for .55. Bought as apart of the butterfly for .70.
I’ve decided to close my rolled/adjusted position in $NOW instead of doing another roll. My adjustments brought me to a pairing of Apr 15 55 calls and Apr 22 55 puts. When I did the roll the estimated earnings date was 4/27. Since then, it has gotten confirmed as 4/20. My plan to let the premium bleed into expiration won’t happen that way so instead of trying to get cute and do another roll I’ve decided to just take the loss that’s left (around 2.00/contract) and move on. The risk isn’t worth it (I’ll consider a separate earnings trade next week if the premiums are enticing enough).
The original trade was an earnings trade from January when I booked an 8.28 loss. So I’m happy to recover more than 75% of it.
#Earnings At the open, sold to close $DAL April 15th 47/49/50 broken-wing butterfly for 1.40 and 1.50. Two more spreads closed… waiting until after noon to close the remainder. I should be able to close these for 1.90 if we end the day near 49.00. Bought for .70 on Wednesday.
#Earnings Delta Airlines’ earnings are in, and the stock is up as expected. I will be looking for this to settle in at 49.00 at Friday’s close. I will be putting some close orders in after the open today to take profits if they become available before Friday. I’ll list those orders as a comment below this post.
Is there news on FB? Dumping.
#Earnings Considering an earnings trade on DAL. It has moved up on the last 13 report, an average of 4% (one day after report). A bullish ATM credit spread could work, for perhaps a butterfly centered at 49, where there is huge open interest. A 4% move from here would put as at 49.50.
#ContangoETFs STO NUGT May 13th 95 call for 4.25 (adding)
#Earnings #ShortStock BTC FB Apr 15th 115 call for .34. Sold for 1.80 on 3/1. FB getting shellacked today; finally some relief for short stock.
#CoveredPuts #Earnings #shortstock
I have been neglecting my FB position and not selling puts on down days. Earnings date not set, but based on IV I’m guessing after April 22. Cost basis around 105/106, so selling a 110 before earnings and a 105 after earnings:
STO FB April 22nd 110 covered put for 1.50
STO FB April 29th 105 covered put for 1.35
#Earnings #ShortStock BTC FB Apr 1st 112 calls for 3.95. Sold for 1.50 on 2/19. Short Stock position not looking pretty lately. Need to decide how to handle before earnings.
#Earnings #CoveredCalls BTC $NOW March 18th 60 call for .10 to avoid assignment. I’ll hold on to stock longer.
#Earnings BTC $PNRA March 18th 210 calls for 1.00 to avoid possible assignment. With a 190 put also expiring, today completes the make-up trades for PNRA earnings play. Ended up with only a small profit.
#Earnings BTC $WSM March 19th 55 puts for .30, sold as a 55/50 condor yesterday for .70. Order in to sell the 50 puts for .05, but doubt it will fill unless we get a spike down.
#Earnings Sold to Open $WSM March 18th 55/50 put spreads for .70.
Over last 12 earnings, Biggest UP move: 10.3% , Biggest DOWN move: -12.0% , Average move: 6.0% . This trade is 7.3% OTM.
#Earnings #Rolling #CoveredCalls
BTC $NOW March 18th 55 call for 6.10. Sold for 1.35 on 2/9
STO NOW April 15th 55 call for 7.90.
Earnings plays this week? Any thoughts on NKE, FDX, ADBE?
#Earnings STO $FB March 24th 111 call for 1.10. Still trading around my short stock position, waiting for a deeper pullback.
#Earnings BTC $PNRA March 18th 220 call for .80. Sold yesterday for 2.55. This one spiked then collapsed two days in a row. Maybe I can do this again before expiration.
#Earnings STO $FB March 24th 102 put for 1.25, against short stock position.
$AZO closed the #earnings #ironcondor for .34, sold for 1.45 on Feb. 29, thanks Jeff
#Earnings #ShortStock STO $FB April 1st 100 put for .80. Selling against my short stock position. Earlier this week closed March 4th 110 short calls and 105 covered puts to avoid any possible assignment today.
#Earnings… This is what I wrote on December 2nd on $AVGO’s last earnings:
… this one almost never moves down on earnings. You have to go back to Dec 2010 for its only significant down move, -6.5%.
AVGO moved up 9.5% the next day, so enough said:
Sold to Open AVGO March 4th 125/115 put spreads for 1.00. Last 12 reports, Biggest UP move: 14.7% , Biggest DOWN move: -0.2% , Average move: 6.5% . Short strike is 8.1% OTM.
#Earnings Bought to close $AZO 710/850 strangles for 1.85. Sold yesterday for 5.00. Would have preferred to hold on, but it was using 15K in margin that I need to manage the SPX uptrend.
#Earnings This one has been a very solid stock with small, controlled moves on earnings. 7.5% (up) is its biggest move over a 21-day period after earnings (there are 19 days left until March expiration). You have to go back to the financial crisis to find anything bigger. Its average move over 21 days is only 2.9%. This trade has strikes that are over 8% OTM. If you want to play it safer and go for a condor, you might want to try a closer strike on the puts, so 710/720/850/860 (in a bullish trend and moves after earnings are usually to upside).
STO $AZO March 18th 710/850 strangles for 5.00.
#Earnings Bought to close $BIDU Feb 26th 175 calls for .20. Sold yesterday as part of a condor for 1.15. Closing early to avoid any last minute eruptions. Patience paid for me on this one; congrats to those that had the proper patience on PANW!
#Earnings Bought to close PANW Feb 26th 144/149 call spreads for 3.80. Sold as part of condor for 1.55. I got out for less than the 5.00 I would be charged if I allowed to expire ITM. You could also wait to see if it drops, or leg out for even better prices.
#Earnings jumps 9% 20 minutes before close. Looks like trading halted.
#Earnings Sold to Open $PANW Feb 26th 110/115/144/149 iron condors for 1.55. Over its 11 past earnings reports, PANW’s Biggest UP move: 10.6%, Biggest DOWN move: -10.8%, Average move: 6.0%. These strikes are both 11.2% OTM.
#Earnings Sold to Open $BIDU Feb 26th 135/140/175/180 iron condors for 1.15. Over last 12 earnings, BIDU’s Biggest UP move: 11.0%, Biggest DOWN move: -15.0%, Average move: 7.8%. Short strikes are about 11% OTM.
#Earnings #ShortStock
BTC $FB Feb 26th 105 put for .50. Sold for 1.60 on 2/3. Clearing puts so I can release this short stock position at lower levels. I think FB will be fine in long run but expect another trip down to 90’s in coming weeks.
#Earnings STO PNRA March 18th 190 put for 1.50. Partially offsets my 210 calls. Squeezing a bit of premium out of this one after taking a small loss on an earnings play. It seems to be hitting resistance but also has remained resilient through market turmoil.
#Earnings FSLR reports after the bell, but I’m not seeing enough premium for a safe neutral play. It has had fairly decent moves on earnings, meaning an iron butterfly would likely fail, but there isn’t enough premium in adequately far OTM strikes to sell a strangle or condor. Over the last 12 earnings, Biggest UP move: 17.6%, Biggest DOWN move: -13.8%, Average move: 10.2%. Staying outside its biggest move would mean you assume a Max Proj UP move to: 74.64, and a Max Proj DOWN move to: 52.36. Not enough premium for me so I’ll skip it. Would love to see anyone else’s ideas if they’re out there.
$ETE #EARNINGS AMC
Options Bistro 