Sold to close $EW Feb01/Feb08 170 dbl cals for 3.25 (avg price). Bought yesterday for 1.57.
#IronButterfly $NOW expiring at max loss of .65.
#IronCondor $AMZN expiring at full profit, sold yesterday for 2.00.
#LongStraddle $EBAY straddle bought for 2.23 on Tuesday. It had a subtle move, so I played the swings and managed to sell for 1.168. Even when long straddles miss, they aren’t too bad provided you have a few days and some swings.
Sold to open $NOW Feb 1st 185/190/195 iron butterflys for 4.35. Max risk .65. As I reported below, this one has been more of a minor mover in recent years, so seeing if it can maintain its calm. If not, max loss is tolerable.
#earnings #ironbutterfly GLW
Went to Feb. 15, sold 125/130/130/135 for 2.13, works if it’s within the averages. Thanks Jeff
#earnings #ironbutterfly JPM
Sold Feb. 15, 90/100/100/110 for 5.21, had to go to Feb for enough premium to cover max moves. Thanks Jeff
#Earnings $JPM reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
Oct. 12, 2018 BO -1.09%
July 13, 2018 BO -0.45%
April 13, 2018 BO -2.70% Biggest DOWN
Jan. 12, 2018 BO +1.65%
Oct. 12, 2017 BO -0.28%
July 14, 2017 BO -0.91%
April 13, 2017 BO -1.17%
Jan. 13, 2017 BO +0.53%
Oct. 14, 2016 BO -0.32%
July 14, 2016 BO +1.51%
April 13, 2016 BO +4.23% Biggest UP
Jan. 14, 2016 BO +1.49%
Avg (+ or -) 1.36%
Bias 0.21%, slight positive bias on earnings.
NOTE: JPM is a very small mover on earnings. The above are the 1-day moves; I checked 5-day moves, but the +4.23% move above was still the highest.
With stock at 100.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 96.58 to 103.42
Based on AVERAGE move over last 12 quarters: 98.64 to 101.36
Based on MAXIMUM move over last 12 Q’s (4.2%): 95.77 to 104.23
Open for requests on other symbols.
#earnings #ironbutterfly #closing DIS
Yesterday sold Nov. 16, 105/115/115/125 for 4.27, essentially a straddle with protection, bought to close the shorts for 3.66. Leaving the longs that are with about 2.00 each, Disney lotto, stock is at 117.
#earnings #ironbutterfly DIS
Sold Nov. 16, 105/115/115/125 for 4.27, thanks for the data Jeff.