NaughtyPines

Message Follow Following Unfollow
About me Focusing on IVR (Implied Volatility Rank), I look to sell premium, focusing primarily on indices (SPY/DIA/IWM) and treasuries (TLT/TBT) using short vertical spreads, iron condors, and short strangles.
Joined United States
Markets Allocation
80 % stocks 8 % indices 1 % forex 11 % other
Top Mentioned Symbols
SPY 6% | 60 VXX 4% | 40 VIX 4% | 39 SPX 4% | 38
316 4 7
MU, 1W
THE WEEK AHEAD: MU EARNINGS; EWZ, GDX, USO

Although both FDX and ORCL announce earnings tomorrow (Monday) after market close, the underlying with the implied volatility metrics I generally look for in a volatility contraction play are present in MU, which announces Thursday after market close. With a rank of 82 and a 30-day of 60%, the 70% probability of profit 39/52.5 20-delta short strangle is paying ...

77 0 3
GERN, 1D
OPENING: GERN OCT 19TH 4 MONIED COVERED CALL

... for a 3.22 debit. Max Profit: $78/contract Max Loss/Buying Power Effect: $322 per contract Break Even/Cost Basis: 3.22/share Notes: A speculative shot on a high implied volatility biotech underlying ... .

64 0 4
QQQ, 1D
OPENING: QQQ NOV 16TH 166/170/2X193/2X195 IRON CONDOR

for a 1.23/contract credit. Metrics: Max Profit: $123/contract Max Loss/Buying Power Effect: $277/contract Break Evens: 168.77/193.61 Delta: -4.36 Theta: 1.30 Notes: Going out to the November monthly to sell some premium in the highest implied volatility broad market instrument out of IWM, SPY, and QQQ. Collecting a dime short of one-third the width of the ...

NaughtyPines NaughtyPines SNAP, 1D, Long ,
119 1 3
SNAP, 1D Long
TRADE IDEA: SNAP NOV 16TH/JAN '20 COVERED LONG COMBO

The setup consists of a long combo (a Jan '20 10 short put + a Jan '20 10 long call) and a November 16th 10 short call. The combo aspect of the setup acts as synthetic stock, with a static 100 delta metric, and the short call works as it would in an ordinary covered call. Max Profit: $93/contract Max Loss/Buying Power Effect: $907/contract/$335/contract Break ...

NaughtyPines NaughtyPines PBR, 1D, Long ,
51 0 4
PBR, 1D Long
OPENING: PBR OCT 19TH 11 COVERED CALL

... for a 10.02/contract debit. Max Profit: $98/contract Max Loss: $1002/contract Break Even/Cost Basis: 10.02/share Theta: 1.23 Delta: 46.78 Notes: High rank and implied (84/57). Going with the cost basis reduction setup without a timer on it ... .

NaughtyPines NaughtyPines CRON, 1D, Long ,
266 3 3
CRON, 1D Long
OPENING: CRON OCT 19TH 10 MONIED COVERED CALL

... for a 9.26/contract debit. Max Profit: $74/contract Max Loss: $926/contract Break Even/Cost Basis: 9.26/share Theta: 1.67 Delta: 23.56 Notes: Going directly to a monied covered call in this high implied volatility underlying (121%) with a mildly bullish delta metric. Now that I look at it, the 10 short put (25.78 delta) in October has a better max (1.03) ...

113 0 5
ORCL, 1D
THE WEEK AHEAD: ORCL, KR EARNINGS: EWZ, TSLA, CRON

Earnings: ORCL: Announces Thursday after market. Rank/IV: 74/31. Sept 21st 68% Probability of Profit 20 delta 45/50.5 short strangle: .79 credit. KR: Announces Thursday before market. Rank/IV: 54/37. Sept 21st 72% Probability of Profit 20 delta 30/35 short strangles: .60 credit. Non-Earnings: EWZ: Rank/IV: 97/48 TSLA: Rank/IV: 95/57 GDX: Rank/IV: 68/30 USO: ...

131 0 3
AVGO, 1D
THE WEEK AHEAD: AVGO EARNINGS; EWZ, GDX, X

Looking at what's left of the trading week post-Labor Day ... . AVGO (announcing earnings on Thursday after market close) is the only fairly liquid underlying that interests me for an earnings-related volatility contraction play (rank 57/30-day 37). The 63% probability of profit Sept 21st 200/205/235/240 iron condor pictured here is preliminarily going for 1.65 ...

167 7 6
TWTR, 1D
OPENING: TWTR OCT 19TH 31/41 SHORT STRANGLE

... for a 1.13/contract credit. Probability of Profit: 71% Max Loss/Buying Power Effect: Undefined/3.62/contract Max Profit: 1.13/contract Break Evens: 29.87/42.13 Theta: 2.88 Delta: -3.49 Notes: Post-earnings, still some decent premium to be had here (30-day at 40.3%). Take profit at 50%/manage at skew out to +/- 30 delta.

20 0 5
XOP, 1D
OPENING: XOP OCT 19TH 39/44 SHORT STRANGLE

... for a 1.31/contract credit. Probability of Profit: 64% Max Loss/Buying Power Effect: Undefined/5.95/contract Max Profit: 1.31/contract Break Evens: 37.69/45.31 Theta: 2.53 Delta: -4.15 Notes: Shooting for 50% max; adjust at skew out to +/- 30 delta.

265 11 4
BABA, 1D
THE WEEK AHEAD: BABA, GPS EARNINGS; TSLA, GDX, USO, GDX

A quick, dirty of next week: EARNINGS WITH FAVORABLE METRICS FOR A VOLATILITY CONTRACTION PLAY BABA (86 rank/41% 30-day) announces on 8/23 (Thursday) before market open. Sept 21st 155/195 short strangle (16 delta), 3.68 credit. Sept 21st 150/155/195/200 iron condor, 1.32 credit. Notes: With the defined risk, you'll need to bring the wings in a touch more or ...

NaughtyPines NaughtyPines GDX, 1W, Long ,
165 2 7
GDX, 1W Long
OPENING: GDX MARCH/SEPT 18/20 UPWARD PUT DIAGONAL

... for a .04/contract credit. Max Profit on Setup: $4/contract Max Loss on Setup: $196/contract (width of the spread minus credit received) Break Even on Setup: 19.96 Delta: 27.37 Theta: .43 Notes: Taking a small bullish shot on gold weakness here with a net credit, calendarized short put vertical. Naturally, I'm not collecting much credit here on fill, but ...

91 6 6
QQQ, 1D
OPENING: QQQ SEPT 28TH 170/174/2X188/2X190 IRON CONDOR

... for a 1.34/contract credit. Max Profit: $134/contract Max Loss: $266/contract Break Evens: 172.66/188.67 Delta: -5.37 Theta: 1.83 Notes: A slight variation on a delta-based setup to accommodate skew. Instead of selling equally valued delta on both the put and call sides, I'm selling strikes that are equidistant from current price, but doubling up a narrower ...

125 2 6
M, 1W
THE WEEK AHEAD: M EARNINGS, TWTR, X, EWZ

The only volatility contraction earnings play I'm looking at for this coming week is in Macy's, which announces earnings on Wednesday before market open, since it has the implied volatility rank and 30-day metrics I'm looking for (76/56). Here are some Macy's preliminary setups, with the short strangles set up around the 20 delta strikes: August 17th 36/44 short ...

NaughtyPines NaughtyPines TUR, 1W, Long ,
107 13 3
TUR, 1W Long
OPENING: TUR SEPT 21ST 19 SHORT PUT ... .

... for a 1.05/contract credit. High rank/implied (100/78). Metrics: Probability of Profit: 73% Max Profit: 1.05 ($105)/contract Max Loss/Buying Power Effect: Undefined/$194/contract Break Even: 17.95 Delta: 27.47 Theta: 2.17 Notes: Taking advantage of the Turkish meltdown to sell some puts.

39 0 5
XOP, 1D
OPENING: XOP SEPT 21ST 40/44 SHORT STRANGLE ...

... for a 1.31/contract credit. Probability of Profit: 62% Max Profit: 1.31 ($131)/contract Max Loss/Buying Power Effect: Undefined/6.68 ($668) Break Evens: 38.69/45.31 Delta: 3.65 Theta: 2.75 Notes: Giving myself more room to be wrong with a short strangle in the September cycle. Implied volatility remains so-so here at 24.7% (near the bottom of its 52-week ...

24 2 6
XOP, 1D
OPENING: XOP SEPT 21ST 42 SHORT STRADDLE

... for a 3.05/contract credit. Metrics: Max Profit: $305/contract Max Loss: Undefined: $848/contract on margin Break Evens: 38.95/45.05 Delta: -6.55 Theta: 3.31 Notes: Admittedly, the implied volatility rank and implied volatility metrics here aren't great (11 and 25, respectively) but the credit collected as a function of the buying power effect is decent ...

47 0 5
YELP, 1D
THE WEEK AHEAD: HTZ, YELP EARNINGS; SLV/GLD/GDX LONGS

HTZ puts the pedal to the metal on Monday after market close and is at the 52% mark of its 52-week range and has a 30-day implied of 75%. Due to its size, I'd probably only go short straddle: the Aug 17th 16 short straddle is paying 2.28 with a 25% take profit of .57. YELP shout outs its earnings on Wednesday (8/8) after market close (rank 66/30-day implied ...

Show More Ideas 123456...49
Last visit
0
0
0
Message Follow Following Unfollow
Online
0
0
0
Message Follow Following Unfollow
Last visit
8
49
279
Message Follow Following Unfollow
Last visit
0
0
0
Message Follow Following Unfollow
Last visit
0
0
0
Message Follow Following Unfollow
Last visit
0
0
0
Message Follow Following Unfollow
Last visit
0
0
0
Message Follow Following Unfollow
Last visit
0
0
0
Message Follow Following Unfollow
Last visit
0
0
15
Message Follow Following Unfollow
Last visit
0
0
0
Message Follow Following Unfollow
Last visit
16
3
47
Message Follow Following Unfollow
Last visit
1
0
24
Message Follow Following Unfollow
Last visit
2
0
10
Message Follow Following Unfollow
Last visit
1
0
4
Message Follow Following Unfollow
Last visit
0
0
0
Message Follow Following Unfollow
Last visit
0
0
0
Message Follow Following Unfollow
Last visit
0
0
17
Message Follow Following Unfollow
Last visit
1
0
5
Message Follow Following Unfollow
Last visit
2
0
0
Message Follow Following Unfollow
Last visit
6
10
66
Message Follow Following Unfollow
Last visit United States
288
109
1884
Message Follow Following Unfollow
Last visit
2
4
32
Message Follow Following Unfollow
Last visit
96
160
2130
Message Follow Following Unfollow
Last visit
168
87
3025
Message Follow Following Unfollow
Online
79
76
1079
Message Follow Following Unfollow
User has no following symbols
Market
Browse
Type
Browse
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out