Starting with Diagonal Spreads. Would take the stock at the short strike (or roll a few times first) and hold the protective put as cheap insurance.
(Also the spread requirements in a retirement account are much lower than straight short puts)
Bought to Open GILD Mar 19 2021 45.0 Put/ Sold to Open GILD Dec 24 2020 57.0 Put at $0.03 Credit.
Bought to Open GILD Mar 19 2021 45.0 Put / Sold to Open GILD Dec 31 2020 56.50 Put at $0.12 Credit.
GILD YTD Low = 57.03 (set today)
Dividend % = 4.65%
Have not traded this in a while…
STO 15 Jan 21, 80 Put for 1.39
delta .20, IV is 54
Back down and testing their YTD lows
All my earlier short puts have expired
Looks like the stock is headed back down to test the Yearly low. #FallingKnife
I’ll be looking at puts to sell.
#fallingknife ARWR #shortputs
ARWR is down 7 after earnings, sold Dec. 18, 50 put for 1.00, stock at 61.
#fallingknife #shortputs TLRY
Sold Dec. 18, 6 put for .42, stock down on earnings
S&P 500 stocks with a positive dividend payout that are hitting new 52week Lows today.
S&P 500 stocks with a positive dividend payout that are hitting new 52week Lows today.
Another #FallingKnife candidate
Looking at puts to sell now
Both stocks flirting with 52week lows
Sold 1 GILD 10/30/2020 60.0 Put @ 1.31
Sold 1 T 11/27/2020 26.0 Put @ 0.60
Nice dividend yields down here too
Sold 1 GILD 11/06/2020 60.00 Put @ 1.41
Sold 1 T 12/18/2020 26.00 Put @ 0.64
Sold 1 XOM 11/20/2020 30.00 Put @ 1.22
All strikes are below the panic lows in March/April.
Energy names are leading the downside in the S&P500 with the market up
APA Apache Corporation
FTI TechnipFMC plc
MRO Marathon Oil Corporation
NOV National Oilwell Varco, Inc.
OXY Occidental Petroleum Corporation
SLB Schlumberger Limited
FANG Diamondback Energy, Inc.
VLO Valero Energy Corporation
MPC Marathon Petroleum Corporation
COG Cabot Oil & Gas Corporation
HFC HollyFrontier Corporation
DVN Devon Energy Corporation
PSX Phillips 66
Only Cabot and Valero are currently profitable but most are still paying a dividend
Another tiny diagonal – puts this time – a bit longer life
Bought WFC Dec 18 2020 17.50 Puts / Sold Oct 16 2020 22.00 Puts @ 0.12 Credit.
The short strike is right at the March/April lows for the stock.
Not much green here
Semis and software groups are the leading losers.
NO new lows in the SP500 yet so no #FallingKnife candidates today
#FallingKnife at a new low of 36.50
Sold 1 WBA 10/02/2020 36.00 Put @ 1.20
Sold 1 WBA 10/16/2020 35.00 Put @ 1.15
Both within 1% of their YTD low
Both in the S&P500
Both profitable and pay dividends
Also GILD bears watching
STO 18 Sep Bups
75/70 for 2.05
Sold $CAT 11/20 80 puts @ 1.85 with the stock at 122.16. Strike price would be at a 4 year low.
Sold $WHR 12/18 60 puts @ 1.75 with the stock at 127.12.
Ready to take a long term shot here. Sold $MMM 9/18 100 puts @ 2.20 with the stock at 136.46. Delta 11. Strike is well below the March low. Stock hasn’t been at 100 since early 2013.
Over the past year or so, I have done consistently well selling puts and covered calls on AMRN. I’m long 2000 at a cost basis of 12.10
Its down 69% this morning due to a Nevada judge ruling against its patent!
Couldn’t resist selling MSFT Apr 3 105 puts for 1.35….will be much higher in the morning it looks like.
#fallingknife #putratiospread VIAC #shortputs MRO
Working off of Iceman’s list, VIAC sold April 17, -24/-24/+25 ratio spread for .50
MRO sold March 6, 8.50 put for .18
BTC PAYC 21 Feb 280 Put for .50
Was STO Feb 6 for 3.42
From the #FallingKnife trade I put on 12/18, buying to close $FDX 4/17 120 puts @ .65. Sold for 1.75. Taking off for over 60% of the profit, more than 3 months early.
Going out to April for a #FallingKnife trade. Sold 4/17 120 puts @ 1.75. Delta 12. Strike would be at a 4 year low if it goes down another 15-20% from here.
DLTR down 16%
Sold $CSCO 4/17/2020 40 puts @ 1.08 with the stock at 44.92.
Sold Dec. 20, 20 put for 1.17.
Sold Dec. 20, 30 put for 1.05 with GRUB at 33.58. GRUB was at 60 this week before earnings.
GRUB is down 42%
BYND down 19%
#fallingknife #shortputs NKTR HP
Sold Nov. 15, 35 put for 1.55 with stock at 36, earnings Nov. 13.
Sold Nov. 15, 15 put for .85 with stock in the low 16s
Thanks for the #fallingknife list Iceman
ROKU now below 100, had touched 176 on September 9.
#fallingknife #shortputs M
Sold Sept. 20, 17 put for 1.08. Macy’s is down 2.25, about 11% after earnings.
PLAY is down 22%
Filled at the bell as the stock took a dive into the close.
Sold $IRBT 9/20 60 puts @ 1.20.
#Earnings $SIG reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
I have never traded this, but it is a big mover
Dec. 6, 2018 BO -18.04%
Aug. 30, 2018 BO +23.84% Biggest UP
June 6, 2018 BO +18.39%
March 14, 2018 BO -20.22%
Nov. 21, 2017 BO -30.39% Biggest DOWN
Aug. 24, 2017 BO +16.66%
May 25, 2017 BO -7.75%
March 9, 2017 BO +8.72%
Nov. 22, 2016 BO +2.14%
Aug. 25, 2016 BO -12.62%
May 26, 2016 BO -10.49%
March 24, 2016 BO +2.88%
Avg (+ or -) 14.35%
Bias -2.24%, negative bias on earnings.
With stock at 27.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 23.31 to 31.69
Based on AVERAGE move over last 12 quarters: 23.56 to 31.44
Based on MAXIMUM move over last 12 Q’s (30.4%): 19.14 to 35.86
Based on UP max only (+23.8%): 34.06
Open to requests for other symbols.
STO RH Jan17’20 70 PUT $6.40
#FallingKnife – No position here (remember Valeant and Mylan?)…I’ll see where it is when they add some more strikes in May. Earnings April 24th…
In early February I was assigned from a Dec. put that was sold in July as a #fallingknife. The cost basis was down to 36.95, sold an April 19, 36 call for 1.25.
#ShortPuts #FallingKnife – Starter position just before next earnings…
Sold 1 ROKU APR 26 2019 50 Put @ 1.35
#ShortPuts – Staying prior to next earnings. Look to roll into the high IV or sell covered call then if needed.
Sold BA APR 18 2019 325.0 Put @ 3.50
#coveredcallcampaign #fallingknife #longputs Trades from yesterday and today
WYNN yesterday rolled 140 call to April for 1.25, WYNN tanking today
CPRI yesterday rolled March 22 call to April 12 for .66
EWZ sold short 100 shares for 41.57
MS bought long April 18, 40/35 BeCS
PFE sold April 18, 44 call, was supposed to be a covered call in an IRA, ended up in wrong account, for .26
CVS today sold April 18, 50 put for .86, thanks @ramie77
MET rolled 42.50 call to April 18 for .57
DB bought April 18, 9 put for .62
Sold $CVS Aug 16 50 puts @ 1.34 with the stock at 58.27.
Strike price is at a 6 year low.
Does HPQ qualifies for a #fallingknife ?
STO Jan 17, 2020 75 PUT @ 11.70
Sold $TUP Jul 19 22.50 puts @ 1.20 with the stock at 27.87
#earnings #callbutterfly WDC
Sold (technically bought) a Feb. 15 39/40/40/42 call butterfly for .35. This is profitable if WDC goes down. WDC hasn’t been kind to #fallingknife traders as it was a little over 100 almost a year ago, now about 40. I have 100 assigned shares at a cost basis of 68, and have a short April 55 put that has been rolled a couple times. The call butterfly will ease the pain a little if it goes down.
Thanks for the info Jeff.
#ShortPuts #IRA – Playing it safe here. Will be looking for some #Fallingknife trades if we get some earnings implosions…
Bought to Close NVDA Feb 01 2019 120 Put @ .13 (sold for 2.45)
Bought to Close URI Jan 18 2019 110 Put @ .40 (sold for 3.50)
Hard to imagine this one would qualify but the chart is the chart.
Sold $FB Mar 15 2019 110 puts @ 1.17.
Delta is 7, and the strike is another 25% lower from here.
#shortputs #fallingknife (kind of) SQ
I suppose most stocks have been falling knife candidates all week so I use the term loosely.
Sold Nov. 2, 60 put for .89, earnings should be Nov. 7.
Sold $MLM Jan 18 2019 150 put @ 2.20
#shortputs #fallingknife AAOI
Sold Nov. 16, 20 put for .73, thanks fuzzball
I decided to close out the long dated calls on BA and RTN since we have had a nice run.
BA, STC 2020, 370 call and BTC 10/19, 390 calls at 51.50, cost basis 43.67
RTN, STC 195 calls and BTC 10/5, 205 calls at 24.80, cost basis 20.92
SFIX is down big today after earnings, this is a Motley Fool best buy, AMZN is doing something similar. I choose my own clothes, waiting to see how far this falls.
#shortputs #rolling NKTR
Rolled Oct. 19, 60 put to Nov. 19 for 3.88, NKTR down over 4 points today, looking like a #fallingknife candidate.
#shortputs #fallingknife TRTN
Sold Jan. 19, 30 put for 1.45.
#shortputs #closing #fallingknife DOCU
Sept. 21 sold Nov. 16, 47.50 put for 2.30, bought today for 1.75
#shortputs #fallingknife BBBY
sold Jan., 12.50 put for .63, BBBY down about 23% on earnings.
#shortputs #fallingknife JBL
Sold Jan. 18, 27 put for 1.05, big drop yesterday after earnings.
#putratiospread #fallingknife JD
Tastytrade idea sold Oct. 19 back ratio, sold 2, 24 puts, bought 1, 25 put for .40 credit.
$KORS-Versace deal ultimately good for the company IMO. Sold Jan 18 55 puts @ 1.10. Strike below 2018 lows in Jun and Feb. Delta 14.
$NWL-Sold Jan 18 18 puts @ .73. If the strike is reached it would be a 6 year low for the stock. I would take assignment there for what would be an almost 5% dividend yield. Delta 25.
#shortputs #closing #fallingknife INTC
July 27, sold Jan. 42 put for 1.27, bought today for .84, thanks Iceman
#shortputs #closing #fallingknife AA
July 19, sold January, 35 put at 1.40, bought today for 1.05
#shortputs #closing #fallingknife HAL
Sept. 5, sold Jan. 35 put for 1.31, bought today for .78.
Short puts are sold here very often. Here is a 7 minute market measure on managing at 25%/50%/21 days and expiration with doing something at 21 days being the winner. Doesn’t help with the 4 days to expiration puts on DUST though.
Sold $MLM Jan 18 2019 165 puts @ 2.80 with the stock at 191.59. Delta 16.
Sold $TRV Jan 18 2019 105 puts @ 1.10.
Premium is a bit better now.
#fallingknife #shortputs JD
Sold Dec. 21, 24 put for 1.27.
WYNN is down $10 today, nothing new on yet but the Sept. 21, 150 call (covered) is gold.
#FallingKnife – One to keep an eye on…