Option Strategies: ORCL& DLTR

Selling For Premium

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

1.

Trade idea on $Oracle(ORCL)$

Earnings Date: March 11 after market close

Expected Move: ~8% (could change on Monday)

Trade: Sell-to-open a Strangle, March 15 expiration, 90 put & 140 call strikes

Points of consideration:

- Double-top rejection at the 128 price level

- Volume resistance and point-of-control at the 116 level

- Previous earnings bottomed at the 99 level

- Weakness in the database/data-warehouse tech names as evidenced by MDB and SNOW earnings

- The 90p & 140c strikes are 2X the expected move, but keep in mind that actual earnings moves on tech names have been coming out higher than the expected move lately.

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Image

2.

Trade idea on $Dollar Tree(DLTR)$

Earnings Date: March 13 before market open Expected

Move: 7.4% (could change leading up to Wednesday)

Trade: Sell-to-open a Strangle, March 15 expiration, targeting put strikes at 120 or below and call strikes at 177.5 or above

Points of consideration:

- DLTR hasn't seen the 175 level since July 2022

- Strong volume support and point-of-control at the 116 level

- Target strikes are 2X+ the expected move

- Probability-of-Profit (PoP) on an Iron Condor 5-wide spread trade using the same short strikes is 84%.

Image

Image

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Today i want to share some option strategies with you! </p><p></p><p>1.</p><p>Trade idea on  <a data-mention-id=\"ORCL\" class=\"teditor-mention\" data-mention-name=\"Oracle\" href=\"https://ttm.financial/S/ORCL\">$Oracle(ORCL)$</a> </p><p>Earnings Date: March 11 after market close </p><p>Expected Move: ~8% (could change on Monday) </p><p>Trade: Sell-to-open a Strangle, March 15 expiration, 90 put &amp; 140 call strikes </p><p>Points of consideration: </p><p>- Double-top rejection at the 128 price level </p><p>- Volume resistance and point-of-control at the 116 level </p><p>- Previous earnings bottomed at the 99 level </p><p>- Weakness in the database/data-warehouse tech names as evidenced by MDB and SNOW earnings </p><p>- The 90p &amp; 140c strikes are 2X the expected move, but keep in mind that actual earnings moves on tech names have been coming out higher than the expected move lately.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/ad8ae97c3efe49fddc265107592de632\" tg-width=\"1781\" tg-height=\"1749\"><span>Image</span></p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/16efb2f78652bf38f3416b29f5099f1a\" tg-width=\"2048\" tg-height=\"1410\"><span>Image</span></p><p></p><p>2.</p><p>Trade idea on  <a data-mention-id=\"DLTR\" class=\"teditor-mention\" data-mention-name=\"Dollar Tree\" href=\"https://ttm.financial/S/DLTR\">$Dollar Tree(DLTR)$</a> </p><p>Earnings Date: March 13 before market open Expected </p><p>Move: 7.4% (could change leading up to Wednesday) </p><p>Trade: Sell-to-open a Strangle, March 15 expiration, targeting put strikes at 120 or below and call strikes at 177.5 or above </p><p>Points of consideration: </p><p>- DLTR hasn't seen the 175 level since July 2022 </p><p>- Strong volume support and point-of-control at the 116 level </p><p>- Target strikes are 2X+ the expected move </p><p>- Probability-of-Profit (PoP) on an Iron Condor 5-wide spread trade using the same short strikes is 84%.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/8c49fe8d5692912e90e447ac1c8b584b\" tg-width=\"2048\" tg-height=\"1402\"><span>Image</span></p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/4f61a832ee271b34fcefc274e2f6b7b4\" tg-width=\"1800\" tg-height=\"1707\"><span>Image</span></p><p></p><p><em>Follow me to learn more about analysis!!</em></p><p>https://twitter.com/Selling4Premium</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>Trade idea on  <a data-mention-id=\"ORCL\" class=\"teditor-mention\" data-mention-name=\"Oracle\" href=\"https://ttm.financial/S/ORCL\">$Oracle(ORCL)$</a> </p><p>Earnings Date: March 11 after market close </p><p>Expected Move: ~8% (could change on Monday) </p><p>Trade: Sell-to-open a Strangle, March 15 expiration, 90 put &amp; 140 call strikes </p><p>Points of consideration: </p><p>- Double-top rejection at the 128 price level </p><p>- Volume resistance and point-of-control at the 116 level </p><p>- Previous earnings bottomed at the 99 level </p><p>- Weakness in the database/data-warehouse tech names as evidenced by MDB and SNOW earnings </p><p>- The 90p &amp; 140c strikes are 2X the expected move, but keep in mind that actual earnings moves on tech names have been coming out higher than the expected move lately.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/ad8ae97c3efe49fddc265107592de632\" tg-width=\"1781\" tg-height=\"1749\"><span>Image</span></p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/16efb2f78652bf38f3416b29f5099f1a\" tg-width=\"2048\" tg-height=\"1410\"><span>Image</span></p><p></p><p>2.</p><p>Trade idea on  <a data-mention-id=\"DLTR\" class=\"teditor-mention\" data-mention-name=\"Dollar Tree\" href=\"https://ttm.financial/S/DLTR\">$Dollar Tree(DLTR)$</a> </p><p>Earnings Date: March 13 before market open Expected </p><p>Move: 7.4% (could change leading up to Wednesday) </p><p>Trade: Sell-to-open a Strangle, March 15 expiration, targeting put strikes at 120 or below and call strikes at 177.5 or above </p><p>Points of consideration: </p><p>- DLTR hasn't seen the 175 level since July 2022 </p><p>- Strong volume support and point-of-control at the 116 level </p><p>- Target strikes are 2X+ the expected move </p><p>- Probability-of-Profit (PoP) on an Iron Condor 5-wide spread trade using the same short strikes is 84%.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/8c49fe8d5692912e90e447ac1c8b584b\" tg-width=\"2048\" tg-height=\"1402\"><span>Image</span></p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/4f61a832ee271b34fcefc274e2f6b7b4\" tg-width=\"1800\" tg-height=\"1707\"><span>Image</span></p><p></p><p><em>Follow me to learn more about analysis!!</em></p><p>https://twitter.com/Selling4Premium</p></body></html>","text":"Hello everyone! Today i want to share some option strategies with you! 1. Trade idea on $Oracle(ORCL)$ Earnings Date: March 11 after market close Expected Move: ~8% (could change on Monday) Trade: Sell-to-open a Strangle, March 15 expiration, 90 put & 140 call strikes Points of consideration: - Double-top rejection at the 128 price level - Volume resistance and point-of-control at the 116 level - Previous earnings bottomed at the 99 level - Weakness in the database/data-warehouse tech names as evidenced by MDB and SNOW earnings - The 90p & 140c strikes are 2X the expected move, but keep in mind that actual earnings moves on tech names have been coming out higher than the expected move lately. Image Image 2. Trade idea on $Dollar Tree(DLTR)$ Earnings Date: March 13 before market open Expected Move: 7.4% (could change leading up to Wednesday) Trade: Sell-to-open a Strangle, March 15 expiration, targeting put strikes at 120 or below and call strikes at 177.5 or above Points of consideration: - DLTR hasn't seen the 175 level since July 2022 - Strong volume support and point-of-control at the 116 level - Target strikes are 2X+ the expected move - Probability-of-Profit (PoP) on an Iron Condor 5-wide spread trade using the same short strikes is 84%. 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