#Earnings #LongStock Sold to close a quarter of my stock in $PEP for 114.00 in pre-market. Assigned via #IronButterfly earnings trade at the end of April, cost basis 113.20. Scaling out as stock moves higher.
Tag Archives: IronButterfly
HD earnings
#Earnings Sold to Open $HD 152.5/157.5/160 broken-wing #IronButterfly for 2.82. Downside max risk: 2.18. No upside risk. Max profit 2.80 if pin at 157.5. Minimal profit to upside: .32.
Over last 12 reports, HD five-day moves: Biggest UP move: 8.9%, Biggest DOWN move: -3.0%, Average move: 3.0%.
earnings on TAP
#Earnings Sold to Open $TAP May 5th 92/95/98 #IronButterfly for 2.00. Max loss 1.00. Biggest UP move: 5.8%, Biggest DOWN move: -4.1%, Average move: 2.5%. Breakevens are +/-2.1% OTM at Friday expiration..
Options Expiration 4/28/17
#OptionsExpiration #Earnings #ShortStrangles #CoveredCalls #IronButterfly
— Expired —
EXPE 126/146 strangles
PANW 117 covered call
SRPT 31.5 puts
— Assignment —
PEP 115 puts
Earnings updates
#Earnings
BTC $AMZN 920/950 call spreads for 22.00. Sold yesterday for 24.15 (as #IronButterfly)
BTC $SRPT 38.5 calls for .80. Sold yesterday for 1.75 (as 31.5/38.5 strangles).
$FFIV, order in to close 126 puts for .10 (sold as 126/146 strangles for 1.00)
$EXPE 126/146 strangles sold for 1.05… allowing to expire
$PEP 112/115/118 iron butterflys sold for 1.85; early-assigned some stock at 115; going to take assignment on the rest and own stock with 113.15 cost basis.
$ANTM 165/170/175 IB sold for 3.50; the loser for the week. Will allow execution for 5.00, so 1.50 loss.
$DPZ May 19th 165 puts. Order in to close for .05.
All this plus the CMG win… only one loss and one assignment so a very good week!
AMZN iron butterfly
#Earnings My order is in to sell $AMZN Apr 28th 890/920/950 IB for 25.00. Will consider lowering my ask if no fill by 3:30 ET.
PEP earnings
#Earnings Slightly bullish #IronButterfly, since it worked for me last quarter. Usually only minor moves on earnings.
Sold to Open $PEP Apr 28th 112/115/118 IB for 1.85.
ANTM earnings
#Earnings Not a big mover on reports, and decent R/R.
Sold to Open $ANTM Apr 28th 165/170/175 #IronButterfly for 3.50. Max risk 1.50. Over last 12 earnings reports, Biggest UP move: 5.5%, Biggest DOWN move: -4.7%, Average move: 2.8%.
This trade is not taking into account the bullish trend. A better positioning might be around the 172.5or 175 strike, or broken-wing with bullish bias.
#spxcampaign #ironbutterfly Followed from TT…
#spxcampaign #ironbutterfly
Followed from TT
May 12 SPX 2315/2340/2340/2365 for 22.00, profitable between 2317 and 2362
BLK earnings profit
#Earnings Bought to close $BLK 370/380/390 #IronButterfly for 4.65. Sold yesterday for 6.50. That should cover losses in $ISRG if it fails to drop below 775.00 by Friday.
#earnings #ironbutterfly IBM April 21…
#earnings #ironbutterfly IBM
April 21 167.50/170/170/172.50 for 2.06, risk about 40 for a NFLX style non event
Earnings trades BLK and ISRG
#Earnings
Sold to Open $BLK 370/380/390 #IronButterly for 6.50. Max loss 3.50. Profitable between 373.50 and 386.50 on Friday. Biggest UP move: 2.3%, Biggest DOWN move: -4.3%, Average move: 1.3%.
Sold to Open $ISRG 740/760/780 #IronButterfly for 15.40. Max loss 4.60. Profitable between 744.60 and 775.40 on Friday. Biggest UP move: 17.7%, Biggest DOWN move: -11.5%, Average move: 6.2%.
That’s it for the earnings today… gotta hit the road.
Earnings today
#Earnings. Looking at $ISRG, either 20-pt wide #IronButterfly or 37.5 OTM #IronCondor
Also $BLK, 10-pt wide IB
Not sure about $IBM
Anyone else?
When you absolutely, positively have…
When you absolutely, positively have to lose your profits overnight
#Earnings FedX trade turned sour… the peril of choosing to hold onto an #IronButterfly that is perfectly centered on Wednesday, for hopes of more decay and bigger profits on Friday…. BUSTED!
Closed the short calls for .60 yesterday, which was meant to protect me from upside but instead increased my loss. Total loss on trade will now be 1.50 rather than .90. Oh well. Not interested in taking assignment with the market uncertainty.
FDX earnings
#SPXcampaign Going for a 1:4 r/r bullish #IronButterfly on $FDX
Sold to Open FDX March 24th 190/195/200 iron butterflys for 4.10. Max risk .90. Max profit near 4.00 if Friday pins near 195 on Friday. Call volume at 195 is ten times higher than surrounding strikes.
Over past 12 earnings, the 3-day results: Biggest UP move: 13.5%, Biggest DOWN move: -8.2%, Average move: 4.5%.
TIF earnings
#Earnings Bought to close $TIF March 17th 91 calls for .88. Looks like we may have hit the intraday low so closing the upside risk. Still short 91 puts and I will close cheaply or frantically if we drop further. Sold the 88/91/94 #IronButterfly yesterday for 2.15.
TIF earnings
#Earnings $TIF not a big mover, with a 3.82% average move and a positive 2.73% bias. Biggest UP move: 10.5%, Biggest DOWN move: -4.0%
Sold an #IronButterfly, March 17th 88/91/94 for 2.15. Max risk .85. Slightly bullish lean to the trade.
Sell your remnants to the low bidders
#Earnings #IronButterfly #Leftovers
Yesterday I closed my $W iron butterfly with a nice profit. I only closed the short 40 calls and puts, as the long 35 puts and long 45 calls had no activity.
BUT, I did put in GTC orders to sell the longs at .05. This morning, with the stock hitting a low of 37.45, the put side filled. So I got an extra $15.00 on the trade… this one happened to execute with only 4 cents of commission, but many brokers charge no commission for 5-cent closings, and even if I was charged $4 (which would be my broker’s max commission on a 3-lot) it is still worth extra the $11 in profit.
SBUX trade closed
#Earnings On Jan 26th, sold SBUX Jan 27th 58/60/62 #IronButterfly for 1.49, 6-lot. Next day, stock gapped down outside my profit zone, so I sold the long 58 puts for 1.83 and took assignment of the stock from the 60 puts. Waited out the stock’s dip down to 53.81, then sold stock on the rise up. Max profit possible was $866 (if it had pinned at 60 on 1/27); Final profit: $240.
Exiting $W earnings trade
#Earnings Yesterday, sold $W Feb 24th 35/40/45 #IronButterfly for 3.50
Today, bought to close 40 short calls for .35
bought one short put for 1.25,
bought the second short put at 1.00
bought the last one for .50.
Three-lot trade, total profit $670.00
W earnings
#Earnings Not one I have traded before but fairly fat options prices to give a 1-to-2.33 risk/reward on an #IronButterfly. It can have fairly sizable moves so probability is low while reward is high.
Sold to Open $W Feb 24th 35/40/45 iron butterfly for 3.50. Over last 12 earnings, Biggest UP move: 28.2%, Biggest DOWN move: -19.6%, Average move: 13.3%.
#earnings #ironbutterfly NEM From busystock.com(free)…
#earnings #ironbutterfly
NEM From busystock.com(free) biggest ONE day moves over the last 12 reports -7.7% and +5.7, average move is 4.18%.
March 17 34/37/37/40 for 2.00, risk 1.00.
PEP earnings trade closed
#Earnings Bought to close remaining $PEP Feb 17th 107 puts for .20.
History:
Sold 105/107/109 #IronButterfly on Tuesday for 1.33
closed 107 calls for .05 on Tuesday
closed half 107 puts for .66 Wednesday
closed remaining 107 puts for .20 today
Profit on trade: 0.85.
Orders in to sell long options. Sold 1 put yesterday for .08. Filled just now on 109 call for .05. Will get more fills if stock keeps moving up.
SBUX, some stock sold
#Earnings #StockTrades Sold $SBUX stock for 56.80. This is slightly above breakeven for this lot. Putting various limits, trail stops, etc, on the rest. No too interested in holding long term, and covered call premium is too weak.
Was assigned the stock via earnings #IronButterfly… sold the long puts to reduce cost basis to 56.76.
PEP earnings trade
#Earnings Yesterday sold the $PEP Feb 17th 105/107/109 #IronButterfly for 1.33.
Just now, closed the 107 calls for .05. Now looking for a rise back toward 107 into Friday. Currently this trade is closable for breakeven, but I’m in it to win it.
PEP earnings
#SPXcampaign Taking another shot at an #IronButterfly. PEP rarely moves much on earnings. With stock at 106.30 this is slightly bullish placement… the chart is in a small uptrend; plus if it does drop or stay flat after the report it will have until Friday to rise back into range. Risking .67 to make 1.33.
Sold to Open $PEP Feb 17th 105/107/109 iron butterfly for 1.33.
Over last 12 reports, FIVE day moves: Biggest UP move: 3.8%, Biggest DOWN move: -4.2%, Average move: 2.0%. Breakevens on Friday are 105.67 and 108.33. -0.6% and +1.9% OTM.
Post close put spread sold
#SPXcampaign 14 minutes after the close, Sold to Open $SPX Feb 22nd 2300/2275 put spreads for 3.50. This gives me an #IronButterfly at the 2300 strike for this expiry. One or both will likely be rolled.
AMZN stock sold
#Earnings #StockTrades Sold the $AMZN 810/840/870 #IronButterfly last Thursday for 26.10. Took assignment of the shares on Friday at 840.00. Put a 1.00 trailing stop on the stock today around 11am ET; just stopped out for 826.36. Profit on trade: $1,035
Thanks, @fuzzballl for the original trade idea!
Options Expiration 2/3/17
#OptionsExpiration #Earnings #SPXcampaign #IronButterfly #CoveredCalls #Assignment #ShortPuts #ShortCalls #VXXGame #StockTrades #ShortStrangles
–Expiring w/max profit–
FB 123, 126, 129 puts
FB 138 covered calls
REGN 340/400 strangle
UVXY 32 and 40 calls
SPX 2260/2235 put spreads. Sold for 3.35 on Jan 24th
SPX 2245/2220 put spreads. Sold for 1.35 on Monday
— Assignment ?? —
AMZN 840 put… was going to let the 810 long put cancel it out, but looks like I may get stock instead
— Expired w/Max loss —
AAPL 118/121/124 iron butterfly
MRK earnings
#Earnings #IronButterfly Not a big mover on earnings, so playing for little to no movement.
Sold to Open $MRK Feb 3rd 60/62/64 iron butterfly for 1.19. Max risk .81.
Oct. 25, 2016Â BO 1.97%
July 29, 2016Â BO 0.39%
May 5, 2016Â BO -1.31%
Feb. 3, 2016Â BO -0.71%
Oct. 27, 2015Â BO 1.05%
July 28, 2015Â BO 0.92%
April 28, 2015Â BO 5.04%
Feb. 4, 2015Â BO -3.22%
Oct. 27, 2014Â BO -2.01%
July 29, 2014Â BO 1.05%
April 29, 2014Â BO 3.59%
Feb. 5, 2014Â BO 0.03%
Avg move = 1.8%
AAPL puts closed
#Earnings Bought to close $AAPL Feb 3rd 121 puts for .02. Now looking for a pullback below 124 by Friday’s close. (Sold the 118/121/124 #IronButterfly yesterday for 2.44)
AAPL iron butterfly
#Earnings Can’t choose whether to be bullish or bearish, and not liking OTM premium anyway, so going with a neutral ATM #IronButterfly that will have 3 days to find its center. Max risk .56
Sold to Open #$AAPL Feb 3rd 118/121/124 iron butterfly for 2.44.
Options Expiration 1/27/17
#OptionsExpiration #Earnings #ShortStrangles #ShortPuts #ShortCalls #IronButterfly #VXXGame #Assignment #BullPutSpreads
–Expiring w/max profit–
EBAY 28.5 puts
FB 126 put
FFIV 157.5 calls
LUV 50/49 put spreads
SPX 2260/2235 put spreads
UVXY 37 calls
–Assignment–
SBUX 60 puts, stock assigned, cost basis 56.73
–Expired w/max loss–
COF 85/87/89 iron butterfly
SPX 2300/2325 LONG call spread, bought for 1.10, closed half for 4.70 so overall profitable trade.
JNJ break today
#Earnings #IronButterfly Getting the surge we wanted on JNJ at the last minute. We can get out now for less than max loss… Just put a .15 trailing stop on the option price to close the 115 short puts. At the moment I will be stopped at 1.73, but I hope it goes down from here (meaning stock continues UP).
(Sold the Jan 27th 113/115/117 iron butterfly for 1.35 on Monday)
SBUX busted butterfly
#Earnings #IronButterfly #StockTrades Took a bullish shot on this one with the 58/60/62 IB for 1.47. I am planning to sell the long 58 puts at the open for around 2.00, leaving me short the naked 60 puts. This will total 3.47 in premium received, meaning my cost basis on the stock, when assigned tonight, will be 56.53. I am comfortable with that for hopefully a quick turnaround to sell the stock on a pop next week. If it drops further I can hold it through its dip until recovery. This company isn’t going anywhere.
SBUX earnings
#Earnings SBUX has not been a big mover on recent earnings, so placing a slightly bullish 1:3 #IronButterfly, looking for a close around 60.00 tomorrow.
Sold to Open $SBUX Jan 27th 58/60/62 iron butterfly for 1.47. Biggest UP move: 6.6%, Biggest DOWN move: -4.9%, Average move: 2.3%. Center strike is +2.0% OTM.
COF earnings
#Earnings #IronButterfly Trying the same approach on this one. Has not moved much on earnings, except for 2 outlier moves in 2015. So it’s a decent candidate for an IB. Also, banks have not been moving much this quarter on earnings, after their bullish runs since the election.
Sold to Open $COF Jan 27th 85/87/89 iron butterfly for 1.60. Max loss .40.
Here are its one-day moves:
Oct. 25, 2016Â AC 0.05%
July 21, 2016Â AC -1.41%
April 26, 2016Â AC -2.17%
Jan. 26, 2016Â AC 4.83%
Oct. 22, 2015Â AC 8.24%
July 23, 2015Â AC -13.12%
April 23, 2015Â AC -1.73%
Jan. 22, 2015Â AC 1.83%
Oct. 16, 2014Â AC -2.67%
July 17, 2014Â AC -0.24%
April 16, 2014Â AC -0.35%
Jan. 16, 2014Â AC -5.29%
Average move: +/- 3.5%
Avg move if you remove the 2 outliers: +/- 1.7%
JNJ earnings update
#Earnings #IronButterfly In this bullish market, a gap down is the best for an IB when we have 3 days left to expiry. Yesterday sold the Jan 27th 113/115/117 iron butterfly for 1.35.
Just now, bought to close the 115 calls for .05. Now I have until Friday for JNJ to recover toward the 115 area, allowing me to close the puts for cheap. It may not happen, which means loss will be .70 on the trade.
JNJ earnings iron butterfly
#Earnings #IronButterfly Sold to Open $JNJ Jan 27th 113/115/117 iron butterfly for 1.35. Slightly bullish position, and we have until Friday for it to settle in.
PG earnings
#Earnings #IronButterfly Not a big mover on earnings, so playing for calm.
STO $PG Jan 20th 82.5/84.5/86.5 iron butterfly for 1.28. Risking .72 to make 1.28.
#ironbutterfly AAPL closed Dec. 23…
#ironbutterfly
AAPL closed Dec. 23 110/115/115/120 put on last Friday, made $72.
#ironbutterfly AAPL Dec. 23 110/115/115/120…
#ironbutterfly AAPL
Dec. 23 110/115/115/120 for 2.07
#ironbutterfly LLY On Nov. 4,…
#ironbutterfly LLY
On Nov. 4, sold a Dec. 16 60/72.50/72.50/82.50 fly closed today, made 230. Really need patience with these things, like most premium selling.
#ironbutterfly #followedfromtt SPY Jan. 4…
#ironbutterfly #followedfromtt
SPY Jan. 4 215.5/220.5/220.5/224.5 for 3.21, risk 1.87
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
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.
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.
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 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.
SPX IBF closed in pre-market…
SPX IBF closed in pre-market for LESS than max loss
#IronButterfly For my $SPX 2085/2100/2115 iron butterfly, I knew overnight volatility would create some wild swings, so i put in an order to close the 2100/2085 put spread for 14.00 and it filled at 3:38am ET. That’s a dollar less than I would have loss with cash settlement, so mission accomplished; $100 loss rather than $200. I recommend trying something like this for the market open when prices will be going wild.
Joining the IBF party
#IronButterfly I can’t be left out, so I sold a 2100-centered iron butterfly for tomorrow. To be different, mine is 15-wide, risking 2.00 to make 13.00.
Sold to Open $SPX 2085/2100/2115 iron butterfly for 13.00.
AMZN IB closed
#IronButterfly BTC $AMZN May 20th 700 call for 2.90. Total profit on trade: 1.01 plus commissions.
AMZN IB
#IronButterfly BTC $AMZN May 20th 700 put for .14. Sold as part of iron butterfly for 4.05. Now need Amazon below 703.91 for breakeven, or below 700 for max profit of 3.91
AMZN iron butterfly
#IronButterfly #Pinning
STO $AMZN May 20th 700/705 call spread for 1.50. Paired with 700/695 put spread sold yesterday for 2.55. Total risk on trade: .95. Max gain: about 3.90
AMZN expiration play
#IronButterfly Sold to Open $AMZN May 20th 700/695 put spread for 2.55. As it stands now, this is a 1:1 risk/reward trade. My plan is to sell the 700/705 call spread on strength tomorrow and end up with an iron butterfly for Friday, with very low risk.
SPX iron butterfly
#IronButterfly Too Mort’s idea, but trying with options expiring TONIGHT:
Sold to open $SPX Apr 20th 2090/2100/2110 iron butterfly for 5.50.
Breakevens at today’s close are 2094.50 and 2105.50.
Buy (1) 2090 put
Sell (1) 2100 put
Sell (1) 2100 call
Buy (1) 2110 call
Also trying for same spread expiring this Friday for 8.00. And in smaller accounts, trying for 209/210/211 $SPY spread for .80
Thanks, Mort!
#ironbutterfly Here is some info…
#ironbutterfly Here is some info on butterfly and broken wing butterfly options
https://www.tastytrade.com/tt/daily_recaps/2016-01-14/episodes/mike-and-his-white-board-01-14-2016?locale=en-US
$SPY #ironbutterfly closed the Feb….
$SPY #ironbutterfly closed the Feb. 19 put iron butterfly I sold on Jan. 8, small gain of .55 per contract
$AAPL Filled on Jeff’s #ironbutterfly…
$AAPL Filled on Jeff’s #ironbutterfly idea @1.42, sold a Jan. 15 100/98 BuPS and a 100/102 BuCS
AAPL straddle
#Pinning #ShortStraddle
STO AAPL Jan 15th 100 straddle for 2.34.
Based on gigantic Open Interest on the $AAPL 100 calls and puts, this is a pinning play. Pinning tends to work best on monthly expirations. This has a profit zone between 97.60 and 102.40. You can also reduce your risk and make this an #IronButterfly by buying 102 call and 98 put, which should give you 1.40 credit with .60 max risk.
Sorry, was out a lot…
Sorry, was out a lot today but STO IBF NKE for tomorrow Earnings play 136/130/124 4.61
CMG IB attempt
#IronButterfly I am trying for an iron butterfly on CMG, selling this week’s 500 call and 500 put, and buying the 490 put and 510 call for protection. I want 9.00 for it, leaving me a max risk of 1.00. It’s not trading there yet, but may fill later as the OTM options reduce in price.
FDX earnings butterfly
#Earnings #ironbutterfly
BTC $FDX Dec 18th short 149 puts & calls for 1.45. Sold on Wednesday for 4.15, so 2.70 profit. Thanks for the idea, @mortlightman!
SPLK closed calls
#Earnings #IronButterfly BTC $SPLK 62.5 calls for .30. Now will wait for next bounce to exit short puts cheaply.
Options Bistro 