shortstrangles

NaughtyPines NaughtyPines JNPR, W, 2 months ago
JNPR: EARNINGS: JNPR, GRPN, AND TWTR (DIRECTIONAL PLAYS)
19 0 4
JNPR, W
EARNINGS: JNPR, GRPN, AND TWTR (DIRECTIONAL PLAYS)
A couple of other ideas for next week surrounding earnings ... . I like to have a lot of these ideas in the hopper so that I can price setups during regular market hours; some of these aren't as "sexy"/liquid during NY as they appear in off hours. JNPR Dec 2nd 21 short puts; .45 cr at the mid (strike around ...
NaughtyPines NaughtyPines IBM, D, 2 months ago
IBM: THE WEEK OF 10/16: WHAT I'M LOOKING AT
23 0 2
IBM, D
THE WEEK OF 10/16: WHAT I'M LOOKING AT
While I grind away on various covered call positions (I only have one covered call with an October short call on; the rest are in November or December), I'm looking ahead to some decent earnings for premium selling. Generally, I'm looking for underlyings whose implied volatility is above the 70th percentile for ...
NaughtyPines NaughtyPines TEVA, W, 3 months ago
TEVA: TRADING IDEA: TEVA SEPT 16TH 47.5/60 SHORT STRANGLE
15 0 1
TEVA, W
TRADING IDEA: TEVA SEPT 16TH 47.5/60 SHORT STRANGLE
Post-earnings, TEVA's implied volatility rank/implied volatility are still quite high, and the 47.5/60 short strangle goes for 1.58 ($158)/contract at the mid. Look to take it off at 50% max profit ... . Defined Risk Alternative: Sept 16th 42.5/47.5/60/65 iron condor, currently going for 1.13 ($113)/contract at ...
NaughtyPines NaughtyPines SRPT, D, 4 months ago
SRPT: BOUGHT TO COVER SRPT SEPT 16TH 8/40 SHORT STRANGLE
17 0 1
SRPT, D
BOUGHT TO COVER SRPT SEPT 16TH 8/40 SHORT STRANGLE
Mmm. Must have gotten busy and not posted this one. In any event, I legged into these two sides separately, the 8 first and then the 40 after it ripped somewhat higher. The whole burrito was worth 5.82 in credito. Closing out here for a 4.60 debit nets me $122/contract in profit. This thing is "wicked ...
NaughtyPines NaughtyPines YELP, W, 4 months ago
YELP: EARNINGS: SOLD YELP SEPT 16TH 26/38 STRANGLE
50 0 2
YELP, W
EARNINGS: SOLD YELP SEPT 16TH 26/38 STRANGLE
... for a 1.15 ($115)/contract credit. Ordinarily, I look to set these up in expiries closer in time, but I'm going out to the monthly to collect additional credit, give myself more time/room to be right ... . Will shoot to take this off at 50% max profit (~.57 ($57)/contract debit).
NaughtyPines NaughtyPines YELP, D, 4 months ago
YELP: NEXT WEEK EARNINGS PLAY POSSIBLES: YELP, KORS, NVDA
32 0 1
YELP, D
NEXT WEEK EARNINGS PLAY POSSIBLES: YELP, KORS, NVDA
Currently, there are three earnings announcements next week that meet my >70% implied volatility rank, >50% implied volatility standards: YELP, KORS, and NVDA and that offer up at least 1.00 ($100)/contract in credit for my troubles. Preliminarily: YELP Aug 19th 26.5/38 short strangle goes for 1.09 ...
NaughtyPines NaughtyPines SRPT, D, 4 months ago
SRPT: SOLD SRPT AUG  26TH 35 CALL
43 9 2
SRPT, D
SOLD SRPT AUG 26TH 35 CALL
... for a 2.85 ($285)/contract credit. This will complete an Aug 26th 10/35 short strangle worth 4.15 in credit ($415)/contract, which I'll shoot to take off at 50% max profit. Because I already had the 10 short put on, this doesn't cost me any additional buying power. This will also give me some protection to ...
NaughtyPines NaughtyPines HTZ, D, 4 months ago
HTZ: SOLD HTZ SEPT 16TH 40/57.5 SHORT STRANGLE
10 0 0
HTZ, D
SOLD HTZ SEPT 16TH 40/57.5 SHORT STRANGLE
This one popped up earlier today as a high implied volatility play ... . Filled for a 1.83 ($183)/contract credit ... . I'll look to take it off at 50% max ... .
NaughtyPines NaughtyPines HOG, D, 4 months ago
HOG: TRADE IDEA: HOG SEPT 16TH 42.5/57.5 SHORT STRANGLE
12 0 1
HOG, D
TRADE IDEA: HOG SEPT 16TH 42.5/57.5 SHORT STRANGLE
Ain't much decent premium out there ... . HOG announces in 2 days, but I'm really just doing this as a longer-term premium selling play (hence, the Sept expiry), since there isn't jack diddly in the market of late. Metrics: Probability of Profit: 72% Max Profit: 1.38/contract ($138) Max Loss/Buying Power Effect: ...
NaughtyPines NaughtyPines GILD, D, 4 months ago
GILD: TRADE IDEA: GILD AUG 19TH 79/94 SHORT STRANGLE
46 2 1
GILD, D
TRADE IDEA: GILD AUG 19TH 79/94 SHORT STRANGLE
GILD announces earnings on Monday after market close, so look to put this on sometime before the final bell. Metrics: Probability of Profit: 74% Max Profit: $123/contract Max Loss/Buying Power Effect: Undefined Break Evens: 77.77/95.23 Notes: This is being done in the off hours, so I'm not getting accurate ...
NaughtyPines NaughtyPines NFLX, D, 4 months ago
NFLX: EARNINGS PLAY: NFLX JULY 29TH 85.5/111 SHORT STRANGLE
115 0 5
NFLX, D
EARNINGS PLAY: NFLX JULY 29TH 85.5/111 SHORT STRANGLE
Unfortunately, the only underlying announcing earnings next week that has sufficient implied volatility to consider selling premium in is NFLX, with an implied volatility of 52%. It announces earnings on Monday after market close, so look to put on a play some time on Monday, preferably right before the NY ...
NaughtyPines NaughtyPines P, D, 5 months ago
P: NOTABLE HIGH IV STOCKS WITH IV > 50%
113 0 2
P, D
NOTABLE HIGH IV STOCKS WITH IV > 50%
1. P, 79% 2. FCX, 76% 3. X, 75% 4. TWTR, 67% 5. STX, 57% 6. ABX, 56% 7. NFLX, 56% 8 GG, 53% 9. SLW, 52% Naturally, we are coming into earnings season here, so there's a reason that some of these have high IV here (e.g., NFLX announces in a week and a half). Ordinarily, I like IV to be >50% and IVR (current IV's ...
NaughtyPines NaughtyPines WBA, D, 5 months ago
WBA: WBA EARNINGS PLAYS
18 0 1
WBA, D
WBA EARNINGS PLAYS
WBA announces earnings tomorrow before market open, so look to put on a play before today's NY close. Here are the metrics for defined/undefined risk setups: WBA July 15th 76.5/90 short strangle POP%: 76% Max Profit: $106/contract Max Loss/Buying Power Effect: Undefined/$1031/contract WBA July 15th 74/78/89/93 ...
NaughtyPines NaughtyPines CY, D, 5 months ago
CY: PREMIUM SELLING CANDIDATES FOR TUESDAY -- CY, HOG, POT
43 0 1
CY, D
PREMIUM SELLING CANDIDATES FOR TUESDAY -- CY, HOG, POT
With broader market volatility bleeding out of the markets, I'm on the hunt for non-index premium-selling plays, and there are a few that have popped up on my radar. That being said, earnings season is nigh, so it might be best to be particularly selective as to individual underlying plays, keeping powder dry for ...
NaughtyPines NaughtyPines FAS, D, 5 months ago
FAS: TRADE IDEA: FAS AUG 18TH 18/28.5 SHORT STRANGLE
29 0 2
FAS, D
TRADE IDEA: FAS AUG 18TH 18/28.5 SHORT STRANGLE
Truth be told, I'm not a huge of fan of leveraged instruments, but when a $23 underlying has the potential to yield a $100 or more worth of credit, I'll briefly overlook the warts these instruments have as an "investment" tool ... . Here are the metrics for the play: Probability of Profit: 77% P50: 81% Max ...
NaughtyPines NaughtyPines VIX, D, 6 months ago
VIX: IMPLIED VOLATILITY LULL -- A GOOD TIME TO DO HOUSEKEEPING ... .
30 0 1
VIX, D
IMPLIED VOLATILITY LULL -- A GOOD TIME TO DO HOUSEKEEPING ... .
With the CBOE Volatility Index at 13-ish here, there is nary a premium selling play in the market ... . Naturally, that can quickly change, but in the mean time, it's "housekeeping time." "Housekeeping time" is a largely boring affair: 1. Look at Setups for Delta Balancing. If you've been reading any of my ...
NaughtyPines NaughtyPines WFT, D, 6 months ago
WFT: TRADE IDEA: WFT JULY 15TH 4/6 SHORT STRANGLE
15 0 1
WFT, D
TRADE IDEA: WFT JULY 15TH 4/6 SHORT STRANGLE
This is part of a small WFT covered call I'm working ... . The strategy here is to continue to reduce cost basis in the underlying shares. Here I'm doing it with a July 15th 4/6 short strangle in an attempt to sell premium while the implied volatility is still high ... . Metrics: Probability of Profit: 63% Max ...
NaughtyPines NaughtyPines BBY, D, 6 months ago
BBY: TRADE IDEA: BBY JUNE 3RD 29.5/35 SHORT STRANGLE
26 0 3
BBY, D
TRADE IDEA: BBY JUNE 3RD 29.5/35 SHORT STRANGLE
BBY announces earnings on 5/24 (Tuesday) before market open, so look to put on a play shortly before Monday's NY close to take advantage of the implied volatility crush that commonly occurs post-earnings announcement. Here's the preliminary setup, since price may move during the NY session, requiring slight ...
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