Option Strategies: ADBE, ORCL, MDB, INTC, GTLB, TSLA& SOFI

Hello everyone! Today i want to share some technical analysis with you!

1.

Got the following optionselling trades expiring today. Most likely will let them expire worthless. Might close out the MDB 370p trade at 0.01 just to be safe.

- $MongoDB Inc.(MDB)$ 335/325 and 370/365 put credit spreads

- $Intel(INTC)$ Iron Condor - 500/495 put credit spread & 620/625 call credit spread

- $GitLab, Inc.(GTLB)$ 49.5/46 put credit spread

- $Tesla Motors(TSLA)$ 255 calls

- $SoFi Technologies Inc.(SOFI)$ 9 calls

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2.

Earnings trade idea on $Oracle(ORCL)$

Earnings Release: Dec 11th after market close

Expected Move: ~ 6% for Dec 15 weekly close

Entry: Strong volume support at 95. Double-top at 127, and a breach of that level would mean an ATH for Oracle. Thinking of playing a straight-up strangle on this ... sell-to-open the Dec 15th (or 22nd) 131 call strike and 95 put strike.

Exit: Close out the trade or let it expire worthless for max profit if ORCL stays within the strangle strikes by expiration. If either of the strikes gets breached, then roll the breached leg to a farther out strike and expiration.

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3.

Earnings trade idea on $Adobe(ADBE)$

Earnings Release: Dec 13 after market close

Expected Move: ~5% for Dec 15 weekly close

Entry: IV isn't too elevated, so the post-earnings move should hold close to expected move. That said, you never know, so better to play for a larger-than-expected move. Strong volume support in the 515-520 range. the 520/515 put credit spread or will possibly sell the 515p or 520p straight up. Targeting the Dec 15 or Dec 22 expiration.

Exit: Close out the trade or let it expire worthless for max profit if ADBE stays above the short strike sold. If short strike gets breached and shows no signs of recovering back above by expiration, then will either 1) roll contracts forward and lower the strike or take assignment of shares if we sell puts straight-up, or 2) close out the credit spread for a loss.

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