Originally 160/167.5/175 iron butterflys (3) sold for 5.60 on Jan 31st. Closed most before expiration but forgot about one put, so assigned stock at 167.50. Sold today for the same price. With all premium selling and covered calls since then, total profit on the trade is $1,543.
— Expiring w/max profit —
$DG 84 puts
$OLED 140 calls
$TIF 109 calls
— Expiring w/max loss —
$SPX 2840/2860 long call spreads, purchased for 1.00 avg price.
$UVXY 91 long calls… purchased for 0.158 avg price… served me well as hedges against short calls
$SQ long 60 calls, bought for 0.964, avg price
$AVGO 255 long put – I exited one 265 short put for 9.10. Then, volatility at the close denied my fill on closing more, PLUS, we dropped below my long strike. So, this likely means one spread expired ITM, so a 10.00 debit (against 7.60 sale), but I will likely be assigned short shares based on the ITM long 255 put. Because I feel this may bounce on Monday, I’m buying shares after hours so the assignment will cancel out my position and I’ll be flat. This would amount to about a 2.50 loss overall on the trade.
#Earnings Hasn’t been a huge mover, but can surprise and also has been in the news. So I’m taking a favorable R:R trade:
Sold to Open $AVGO 255/265/275 #IronButterfly for 7.60. Max risk, 2.40. Last quarter its one day move was zero. It opened up then traded down all day to end dead flat. Let’s do that again!
Closed $AAPL Feb 2nd 162.5 short put for .70. Sold yesterday for 1.65. Looks like I’ll be assigned some stock today.
$AMZN – My strangles will be fine but having to decide when to close the iron butterfly. Right now it has about a $1200 profit but that will slip away if we keep going higher. Watching closely.
Sold $VRTX Feb 2nd 160/167.5/175 IB for 5.75, 5.56, 5.48 (total of 3, avg price 5.597 — I could only get 1 to fill at a time, and kept having to lower my ask).
Biggest UP move: 7.8%, Biggest DOWN move: -5.9%, Average move: 2.5%.
Risking 2.15 to make 5.59. Breakevens at Friday’s expiration: 161.91 and 173.09, or about +/- 4.3%.
Here are its last 12 earnings moves: -2.1%, -4.4%, 0.7%, 0.2%, 0.0%, 0.2%, 2.7%, 0.3%, 5.1%, 7.8%, -0.4%, -5.9%.
Closed $SPX Dec 29th 2690/2665 put spread for 7.40. Sold in an #IBroll for 17.55 last week (with 2690/2715 calls)
Also, trying to shake up this dull market: Sold June 3rd 2650/2675/2690/2715 #IronCondor for 6.50. These expire in just two trading days. My expectation is a slight drop tomorrow and then an up day on Tuesday.