ISRG earnings

#Earnings #ShortStrangles – Got out of this a couple weeks ago. Had so much fun I’m heading back in…

Sold ISRG OCT 20 2017 340.0/375.0 Strangles @ 3.55 (expected move of 14.05)

WYNN

#ShortStrangles – WYNN does this nearly every quarter with the earnings date. I’ve got puts I need to roll and TOS estimates earnings on Nov 1st. Last quarter I rolled based on that and then they moved it up a week and I was instantly losing on the roll as the IV popped. Looks to me based on the last few dates it will be next week and TOS will be wrong again. Would be nice if it changes before I’m forced to roll…

TSLA

#ShortStrangles – Yesterday took advantage of the bounce to book an inverted strangle at a decent profit…

Bought to Close TSLA OCT 20 2017 360.0/350.0 Inverted Strangle @ 14.00 (sold for 17.50)

AAOI

#ShortStrangles – At various times this week…

Bought to Close AAOI OCT 20 2017 48.0 Calls @ .01 (sold for 1.20)
Sold AAOI NOV 3 2017 44.0 Calls @ 1.00

Rolled AAOI OCT 20 2017 80.0 Puts to NOV 17 2017 80.0 Puts @ 1.25 credit (basis in these down to 61.08)

WDC

#ShortStrangles – Just a quickie. I’ll look to re-establish in earnings week.

Bought to Close WDC OCT 20 2017 80.0/92.5 Strangles @ .19 (sold for 1.22)

NVDA

#ShortStrangles – Rolling up the put side for some extra premium. Looks like she wants to break out to new highs…. Thanks @geewhiz112 for the reminder!

Rolled NVDA NOV 3 2017 165.0 Puts to NOV 3 2017 180.0 Puts @ 1.60 credit.

New position is NOV 3rd 180.0/215.0 Strangles @ 5.11 credit (this is still the week before earnings)

AVGO adjustment

#ShortStrangles – Rolling up the put side for additional credit. Original sale was just below the 200 ma. Rolling up to just below the 50 ma.

Rolled AVGO NOV 10 2017 225.0 Put to NOV 10 2017 240.0 Put @ 2.03 credit

New position is Nov 10 240.0/260.0 @ 6.48 credit