Hello everyone! Today I want to share some option stratgegies with you!1.Closed out the $NVIDIA Corp(NVDA)$ 1010/1020 call spread for profit, had rolled the 665p to 775p yesterday and closed that out for profit, will take a loss of on the 870/865 put spread.2.WOW! Very disappointing price action today on $Snowflake(SNOW)$ and $Advanced Micro Devices(AMD)$ considering AH/PM price action on SNOW earnings and NVDA earnings. What is going on with AMD and SNOW ?!?!?!3.Took advantage of the dump and executed an optionselling trade when $S&P 500(.SPX)$ started basing around the 5260-5265 range. STO May 23 exp 5230/5225 put c
Hello everyone! Today I want to share some option strategies with you!1.Who's optionselling pre-earnings trades on $Snowflake(SNOW)$ ??? Sold the May 24 exp 210 calls and currently have 150 puts in play (a bit more aggressive than we would like, but is what it is).Image2.Okay ... here's our $NVIDIA Corp(NVDA)$ trade for today. Playing a modified Iron Condor. Expected move is ~8%. Lower bound at 869 and upper bound at 1014 (as of time of this screenshot). BTO: ▫️ May 24 exp 1010/1020 call debit spread ▫️ May 24 exp 870/865 put debit spread STO: ▫️ June 7 exp 665 put (targeting strike at 200EMA level)ImageImageImage3.Was waiting for the market's reaction from the Fed officials before taking an optionselling
Hello everyone! Today I want to share some option strategies with you!1. $S&P 500(.SPX)$ STO May 21 exp 5330/5335 call credit spread ▫️ Will target a put credit spread around the 5270 strikeImage2. $Toll Brothers(TOL)$ has earnings after the bell today. Looking to take an optionselling strangle pre-earnings trade on it. ▫️ STO May 24 exp 118p & 145c Points of consideration: ▫️ Expected move is ~5% ▫️ IV isn't very high, so the expectation is not for a big post-earnings move ▫️ Past earnings moves have been below 5% ▫️ Both strikes are outside the expected move range ▫️ The 118 put strike is just below a volume support level ▫️ Would have preferred to target the 112 put strike, but there isn't much
Hello everyone! Today I want to share some option stratgies with you!1.Here is our optionselling trade on $Zoom(ZM)$ heading into earnings today. Sold two difference strangles - May 24 exp - 55p & 78c, 58p & 78c. Am thinking of rolling the 78c strike down to 75c on one of the trades.Image2.Per the optionselling plan ... here we go ... moved up the strike on $Palo Alto Networks(PANW)$ . 270 is below the expected move range, but who knows if this will drop big like last time. That said, there does seem to be a support floor around that 260-270 range. STO May 24 expiration 270 strike putsImageImageImage3. $Zoom(ZM)$ trades worked out beautifully. Will close both
Hello everyone! Today I want to share some option stratgies with you!1.Executed the $Zoom(ZM)$ optionselling trade today instead of on Monday. Might add to position if ZM drops on Monday. Sold-to-open the May 24 expiration 55 strike puts.Image2.Sneaking in a last-minute optionselling trade before the weekend. - STO $Shopify(SHOP)$ May 24 exp 57 strike putsImage3.Some things never change. $Zoom(ZM)$ has a very similar set-up from its last earnings call heading into this earnings call on Monday. Rather than posting new info, we'll just regurgitate our old post since the optionselling trade is basically the same. We already sold the 55p on Friday and will look to sell t
Hello everyone! Today i want to share some option strategies with u!1. $Under Armour Class A(UAA)$ releases earnings before market open on Thursday. Zooming out to the weekly chart, we can clearly see that UAA has reached a very low point in its price history. If you look closely, you'll see that UAA has been consolidating on the weekly chart around the 6.5 level. Expected move isn't that big for earnings ... ~7.5%. We don't typically sell strikes so close to ATM on a pre-earnings trade, but the R/R seems worth the gamble on UAA based on the weekly chart. We're contemplating an optionselling order for the May 31 expiration 6.5 strike put. The risk here is assignment of UAA shares at 6.5 and bagholding a loss if the stock price were to break and sta
Hello everyone! Today I want to share some option analysis with you!1.Followed consumers on an optionselling post-earnings trade on $Home Depot(HD)$ . ▫️ STO May 17 exp 355/360 call credit spread HD just reported mixed results and did not have strong guidance.Image2.Here we go … optionselling1kchallenge back in play in our $1300 account. ▫️ STO $Hut 8 Mining Corp(HUT)$ June 14 exp $6 strike put Pre-earnings trade. Recent bottom near the 6 level. Willing to take assignment and then will 🛞 it.Image3.Executed the optionselling pre-earnings trade on $Monday.com Ltd.(MNDY)$ . STO May 17 expiration 125p & 250c strikes. Strangle.ImageFollow me to learn more about analy
Hello everyone! Today I want to share some option strategies with you!1.Trade idea on $Monday.com Ltd.(MNDY)$ Earnings Release Date: - Wednesday, May 15, before market open Trade Idea: - Sell-to-open a strangle, May 17 expiration, 120p & 260c strikes - Short strikes are outside the expected move range (30+% to the downside and 40+% to the upside as of today's closing price) Points of Consideration: - Expected move of ~14% - 200EMA at the 185-186 level - Recent high around the 240 level (challenged twice and failed to break through) - An iron condor trade using the 120p & 260c short strikes has a percent-of-profitability (PoP) of 87%ImageImageFollow me to learn more about analysis!!https://twitter.com/Selling4Premium
Hello everyone! Today I want to share some option strategies with you!1.Another solid week of earnings for optionselling trades. Got a few on the radar/watchlist/plan. Monday: $Bitfarms Ltd.(BITF)$ - currently have May 17 $2.5 covered calls (and we want to get taken out if possible ) $StoneCo(STNE)$ - targeting the 14p, expiration date tbd Tuesday: $BABA - currently have June 21 $85 covered calls $Sea Ltd(SE)$ - targeting the May 17 exp 50p $Home Depot(HD)$ , $Sea Ltd(SE)$ , $Sony(SONY)$ - trade tbd Wednesday:
Hello everyone! Today I want to share some option strategies with you!1.And this is why we need to wake up earlier. Could have traded this great set-up on $Advanced Micro Devices(AMD)$ at the high point at 6:50am pst versus sleeping in until the alarm went off at 7am pst. Did anyone catch it by selling calls and/or buying puts? Opportunity missed. Oh well. Image2.Anyone remember when we were doing our #Optionselling1Kchallenge ??? Well, there are reasons why we haven't done anything with this in a while. 1. We got caught on the wrong side of the TIO scam dump and lost several hundred dollars in our account. Loss was near $700.2. We realized that it was very difficult to make decent profit writing options every week with only $1-2K in the account. I