Option Strategies: MU, FDX, ACN& .SPX

Selling For Premium
2023-12-20

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

1.

Sold-to-open $S&P 500(.SPX)$ Dec 19 4740/4735 put credit spread. Will scale into more contracts if we get a nice drop. SPX continues to grind higher on the 1m/3m/5m timeframes.

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2.

Gonna let this optionselling trade on $Accenture PLC(ACN)$ expire worthless for max profit. The Iron Condor was the perfect trade for this earnings set-up considering expected move and IV was pegged to be low.

3.

Executed the optionselling Iron Condor trade on $FedEx(FDX)$ . Wanted a 0.73 fill on the trade, but had to settle for 0.71. Let's see how this plays out. Trying out something new that we typically don't do ... selling strikes at the expected move range versus beyond it.

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4.

Was thinking of taking an optionselling trade on $Micron Technology(MU)$ tomorrow, but gonna pass. Premiums are crap. That said, hopefully MU dumps really big. Would like to sell a Jan 19 exp 50 strike put for some decent premium.

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