Option Strategies: ZM, TOL& BIDU

2023-08-23

Hello everyone! Today I want to share option strategies with you! Hope it can be helpful to you!

Closed out our $Zoom(ZM)$ and $Baidu(BIDU)$ strangles for the win! Was hoping that the BIDU call position would have dropped down more in pricing so that we could close out at less than 0.10 ... but ... is what it is. Need to free up buying power for the next trade.

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Initiated an optionselling trade on $Toll Brothers(TOL)$ to play it for earnings after market close today. Trying to sell a strangle on the 66p and 86c as those were the furthest-out strikes that had bidders and offered barely acceptable premiums to us. Heading into the office now, so will check back in during lunch to see if our orders got filled or not. We are playing this conservatively by selling as far outside the expected move range as we can.

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Today I want to share option strategies with you! Hope it can be helpful to you!Closed out our <a data-mention-id=\"ZM\" class=\"teditor-mention\" data-mention-name=\"Zoom\" href=\"https://ttm.financial/S/ZM\">$Zoom(ZM)$</a> and <a data-mention-id=\"BIDU\" class=\"teditor-mention\" data-mention-name=\"Baidu\" href=\"https://ttm.financial/S/BIDU\">$Baidu(BIDU)$</a> strangles for the win! Was hoping that the BIDU call position would have dropped down more in pricing so that we could close out at less than 0.10 ... but ... is what it is. Need to free up buying power for the next trade.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/e64f81af0f00917b10d8df9cc0613cd6\" tg-width=\"1080\" tg-height=\"299\">ImageInitiated an optionselling trade on <a data-mention-id=\"TOL\" class=\"teditor-mention\" data-mention-name=\"Toll Brothers\" href=\"https://ttm.financial/S/TOL\">$Toll Brothers(TOL)$</a> to play it for earnings after market close today. Trying to sell a strangle on the 66p and 86c as those were the furthest-out strikes that had bidders and offered barely acceptable premiums to us. Heading into the office now, so will check back in during lunch to see if our orders got filled or not. We are playing this conservatively by selling as far outside the expected move range as we can.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/33c959f48c5639952b77da4f4bfcd316\" tg-width=\"900\" tg-height=\"176\">ImageFollow me to learn more about analysis!!</body></html>","htmlText":"<html><head></head><body>Hello everyone! Today I want to share option strategies with you! Hope it can be helpful to you!Closed out our <a data-mention-id=\"ZM\" class=\"teditor-mention\" data-mention-name=\"Zoom\" href=\"https://ttm.financial/S/ZM\">$Zoom(ZM)$</a> and <a data-mention-id=\"BIDU\" class=\"teditor-mention\" data-mention-name=\"Baidu\" href=\"https://ttm.financial/S/BIDU\">$Baidu(BIDU)$</a> strangles for the win! Was hoping that the BIDU call position would have dropped down more in pricing so that we could close out at less than 0.10 ... but ... is what it is. Need to free up buying power for the next trade.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/e64f81af0f00917b10d8df9cc0613cd6\" tg-width=\"1080\" tg-height=\"299\">ImageInitiated an optionselling trade on <a data-mention-id=\"TOL\" class=\"teditor-mention\" data-mention-name=\"Toll Brothers\" href=\"https://ttm.financial/S/TOL\">$Toll Brothers(TOL)$</a> to play it for earnings after market close today. Trying to sell a strangle on the 66p and 86c as those were the furthest-out strikes that had bidders and offered barely acceptable premiums to us. Heading into the office now, so will check back in during lunch to see if our orders got filled or not. We are playing this conservatively by selling as far outside the expected move range as we can.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/33c959f48c5639952b77da4f4bfcd316\" tg-width=\"900\" tg-height=\"176\">ImageFollow me to learn more about analysis!!</body></html>","text":"Hello everyone! Today I want to share option strategies with you! Hope it can be helpful to you! Closed out our $Zoom(ZM)$ and $Baidu(BIDU)$ strangles for the win! Was hoping that the BIDU call position would have dropped down more in pricing so that we could close out at less than 0.10 ... but ... is what it is. Need to free up buying power for the next trade. Image Initiated an optionselling trade on $Toll Brothers(TOL)$ to play it for earnings after market close today. Trying to sell a strangle on the 66p and 86c as those were the furthest-out strikes that had bidders and offered barely acceptable premiums to us. Heading into the office now, so will check back in during lunch to see if our orders got filled or not. We are playing this conservatively by selling as far outside the expected move range as we can. 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