Option Strategies: CRM, SNOW& ULTA

Hello everyone! Today I want to share some option strategies with you!

1.

Took an optionselling trade on $Salesforce.com(CRM)$ . Sold the Dec 15 exp 200/195 put credit spread.

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2.

Opened up another optionselling trade on $Snowflake(SNOW)$ . Sold the Dec 8 exp 140/135 put credit spread.

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3.

Thinking of optionselling a put credit spread on $Ulta Salon Cosmetics & Fragrance(ULTA)$ for tomorrow's earnings play.

Expected move pegged at 5.5%. IV over 100%.

- STO Dec 1 exp 355/350 strikes

- Position the PCS around 3X the expected move

- Volume support around the 380 level

- Could sell a higher strike spread to pick up more premium ... contemplating it.

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4.

Our optionselling recap for the week ended Nov 24. Didn't hit our 10K goal, but on a holiday-shortened week where we didn't trade the last two days of the week ... we'll happily take this!

Net premium booked as profit = $7,346.02

Tickers traded: $Autodesk(ADSK)$

$Advanced Micro Devices(AMD)$

$ProShares Bitcoin Strategy ETF(BITO)$

$John Deere(DE)$

$Dick's Sporting Goods(DKS)$

$Hims & Hers Health Inc.(HIMS)$

$Lowe's(LOW)$

$Manchester United PLC(MANU)$

$S&P 500(.SPX)$

$Tesla Motors(TSLA)$

$VMware(VMW)$

$Zoom(ZM)$

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