Option Strategies: VEEV, DOCU, .SPX, GME& CHWY

Selling For Premium

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

1.

Took the SPX Dec 6 4590/4595 CCS trade earlier this morning. Just now able to post screenshot.

Image

2.

Implied volatility on $Chewy, Inc.(CHWY)$ and $GameStop(GME)$ is so high ... so tempted to take an optionselling earnings trade here to capture some of that volatility premium. But very high risk if we don't call the move correctly.

3.

Earnings trade idea on $Veeva(VEEV)$

Earnings Release: Dec 6th after market close

Expected Move: ~7% for Dec 15 weekly close

Entry: Sell-to-open puts on the Dec 15 exp 150/145 put credit spread. Strong volume support at 165. The 150 level is a longer-term bottom level. Probability of the trade winning is pegged at 92%.

Exit: Close out the trade or let it expire worthless for max profit if VEEV stays above the 150 strike after earnings are released and IV gets crushed. If VEEV dumps post-earnings and the strike gets challenged/breached, then assess if it will stay above 150 by Dec 15. If it looks highly likely, then will hold the position and wait it out. If not, then will roll the short strike to a lower strike.

Image

Image

Image

4.

We like $Docusign(DOCU)$ at the 35 put strike, but you would have to go out to the January expirations to find minimally decent premium. Probs gonna pass on this for an optionseling earnings trade tomorrow.

Follow me to learn more about analysis!!

https://twitter.com/Selling4Premium

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Today I want to share some option strategies with you!</p><p></p><p>1.</p><p>Took the SPX Dec 6 4590/4595 CCS trade earlier this morning. Just now able to post screenshot.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/03906b452cc138b2f2cc96e8712c7e58\" tg-width=\"1077\" tg-height=\"169\"><span>Image</span></p><p></p><p>2.</p><p>Implied volatility on  <a data-mention-id=\"CHWY\" class=\"teditor-mention\" data-mention-name=\"Chewy, Inc.\" href=\"https://ttm.financial/S/CHWY\">$Chewy, Inc.(CHWY)$</a>  and  <a data-mention-id=\"GME\" class=\"teditor-mention\" data-mention-name=\"GameStop\" href=\"https://ttm.financial/S/GME\">$GameStop(GME)$</a> is so high ... so tempted to take an optionselling earnings trade here to capture some of that volatility premium. But very high risk if we don't call the move correctly.</p><p></p><p></p><p>3.</p><p>Earnings trade idea on  <a data-mention-id=\"VEEV\" class=\"teditor-mention\" data-mention-name=\"Veeva\" href=\"https://ttm.financial/S/VEEV\">$Veeva(VEEV)$</a> </p><p><strong><em>Earnings Release</em></strong>: Dec 6th after market close </p><p><strong><em>Expected Move</em></strong>: ~7% for Dec 15 weekly close </p><p><strong><em>Entry</em></strong>: Sell-to-open puts on the Dec 15 exp 150/145 put credit spread. Strong volume support at 165. The 150 level is a longer-term bottom level. Probability of the trade winning is pegged at 92%. </p><p><strong><em>Exit</em></strong>: Close out the trade or let it expire worthless for max profit if VEEV stays above the 150 strike after earnings are released and IV gets crushed. If VEEV dumps post-earnings and the strike gets challenged/breached, then assess if it will stay above 150 by Dec 15. If it looks highly likely, then will hold the position and wait it out. If not, then will roll the short strike to a lower strike.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/86d7fe17990a81b13df43d3003f07a2a\" tg-width=\"1532\" tg-height=\"987\"><span>Image</span></p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/7a115b274118a42995d491845fce3972\" tg-width=\"808\" tg-height=\"662\"><span>Image</span></p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/2b87e5d054fa7795a2cbd9663edebe48\" tg-width=\"1131\" tg-height=\"620\"><span>Image</span></p><p></p><p>4.</p><p>We like  <a data-mention-id=\"DOCU\" class=\"teditor-mention\" data-mention-name=\"Docusign\" href=\"https://ttm.financial/S/DOCU\">$Docusign(DOCU)$</a>  at the 35 put strike, but you would have to go out to the January expirations to find minimally decent premium. Probs gonna pass on this for an optionseling earnings trade tomorrow.</p><p></p><p></p><p><em>Follow me to learn more about analysis!!</em></p><p>https://twitter.com/Selling4Premium</p><p></p></body></html>","htmlText":"<html><head></head><body><p>Hello everyone! Today I want to share some option strategies with you!</p><p></p><p>1.</p><p>Took the SPX Dec 6 4590/4595 CCS trade earlier this morning. Just now able to post screenshot.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/03906b452cc138b2f2cc96e8712c7e58\" tg-width=\"1077\" tg-height=\"169\"><span>Image</span></p><p></p><p>2.</p><p>Implied volatility on  <a data-mention-id=\"CHWY\" class=\"teditor-mention\" data-mention-name=\"Chewy, Inc.\" href=\"https://ttm.financial/S/CHWY\">$Chewy, Inc.(CHWY)$</a>  and  <a data-mention-id=\"GME\" class=\"teditor-mention\" data-mention-name=\"GameStop\" href=\"https://ttm.financial/S/GME\">$GameStop(GME)$</a> is so high ... so tempted to take an optionselling earnings trade here to capture some of that volatility premium. But very high risk if we don't call the move correctly.</p><p></p><p></p><p>3.</p><p>Earnings trade idea on  <a data-mention-id=\"VEEV\" class=\"teditor-mention\" data-mention-name=\"Veeva\" href=\"https://ttm.financial/S/VEEV\">$Veeva(VEEV)$</a> </p><p><strong><em>Earnings Release</em></strong>: Dec 6th after market close </p><p><strong><em>Expected Move</em></strong>: ~7% for Dec 15 weekly close </p><p><strong><em>Entry</em></strong>: Sell-to-open puts on the Dec 15 exp 150/145 put credit spread. Strong volume support at 165. The 150 level is a longer-term bottom level. Probability of the trade winning is pegged at 92%. </p><p><strong><em>Exit</em></strong>: Close out the trade or let it expire worthless for max profit if VEEV stays above the 150 strike after earnings are released and IV gets crushed. If VEEV dumps post-earnings and the strike gets challenged/breached, then assess if it will stay above 150 by Dec 15. If it looks highly likely, then will hold the position and wait it out. If not, then will roll the short strike to a lower strike.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/86d7fe17990a81b13df43d3003f07a2a\" tg-width=\"1532\" tg-height=\"987\"><span>Image</span></p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/7a115b274118a42995d491845fce3972\" tg-width=\"808\" tg-height=\"662\"><span>Image</span></p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/2b87e5d054fa7795a2cbd9663edebe48\" tg-width=\"1131\" tg-height=\"620\"><span>Image</span></p><p></p><p>4.</p><p>We like  <a data-mention-id=\"DOCU\" class=\"teditor-mention\" data-mention-name=\"Docusign\" href=\"https://ttm.financial/S/DOCU\">$Docusign(DOCU)$</a>  at the 35 put strike, but you would have to go out to the January expirations to find minimally decent premium. Probs gonna pass on this for an optionseling earnings trade tomorrow.</p><p></p><p></p><p><em>Follow me to learn more about analysis!!</em></p><p>https://twitter.com/Selling4Premium</p><p></p></body></html>","text":"Hello everyone! Today I want to share some option strategies with you! 1. Took the SPX Dec 6 4590/4595 CCS trade earlier this morning. Just now able to post screenshot. Image 2. Implied volatility on $Chewy, Inc.(CHWY)$ and $GameStop(GME)$ is so high ... so tempted to take an optionselling earnings trade here to capture some of that volatility premium. But very high risk if we don't call the move correctly. 3. Earnings trade idea on $Veeva(VEEV)$ Earnings Release: Dec 6th after market close Expected Move: ~7% for Dec 15 weekly close Entry: Sell-to-open puts on the Dec 15 exp 150/145 put credit spread. Strong volume support at 165. The 150 level is a longer-term bottom level. Probability of the trade winning is pegged at 92%. Exit: Close out the trade or let it expire worthless for max profit if VEEV stays above the 150 strike after earnings are released and IV gets crushed. If VEEV dumps post-earnings and the strike gets challenged/breached, then assess if it will stay above 150 by Dec 15. If it looks highly likely, then will hold the position and wait it out. If not, then will roll the short strike to a lower strike. Image Image Image 4. We like $Docusign(DOCU)$ at the 35 put strike, but you would have to go out to the January expirations to find minimally decent premium. Probs gonna pass on this for an optionseling earnings trade tomorrow. Follow me to learn more about analysis!! https://twitter.com/Selling4Premium","highlighted":1,"essential":1,"paper":2,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/249437511315528","repostId":0,"isVote":1,"tweetType":1,"viewCount":1250,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["CHWY","DOCU","VEEV","GME"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1195,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/249437511315528"}