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.

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%.

Image

Image

Follow me to learn more about analysis!!

https://twitter.com/Selling4Premium

Welcome to Tiger Options Hub! Here you may talk and learn about all things on options trading!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

361

37

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":283048331726904,"tweetId":"283048331726904","gmtCreate":1710138431899,"gmtModify":1710171959280,"author":{"id":10000000000010846,"authorId":10000000000010846,"authorIdStr":"10000000000010846","name":"Selling For Premium","avatar":"https://community-static.tradeup.com/news/6e71af8d806acf06bae64d5fa3e020c0","vip":8,"userType":8,"introduction":"。","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":545,"starInvestorFlag":false},"themes":[{"themeId":"6e1c80e1b0c649e4b4472938cebd4ac0","categoryId":"997e3653d17d4f86ac5ca7a2c649ef17","name":"Options Hub","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":6e1c80e1b0c649e4b4472938cebd4ac0}&rnconfig={\"headerBarHidden\": true}","description":"Welcome to Tiger Options Hub!\nHere you may talk and learn about all things on options trading!","image":"https://community-static.tradeup.com/news/ff0f1a617c615bc3d55c60d687ac808a"}],"images":[{"img":"https://community-static.tradeup.com/news/ad8ae97c3efe49fddc265107592de632","width":"1781","height":"1749"},{"img":"https://community-static.tradeup.com/news/16efb2f78652bf38f3416b29f5099f1a","width":"2048","height":"1410"},{"img":"https://community-static.tradeup.com/news/8c49fe8d5692912e90e447ac1c8b584b","width":"2048","height":"1402"},{"img":"https://community-static.tradeup.com/news/4f61a832ee271b34fcefc274e2f6b7b4","width":"1800","height":"1707"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/ad8ae97c3efe49fddc265107592de632","width":"1781","height":"1749"},{"img":"https://community-static.tradeup.com/news/16efb2f78652bf38f3416b29f5099f1a","width":"2048","height":"1410"},{"img":"https://community-static.tradeup.com/news/8c49fe8d5692912e90e447ac1c8b584b","width":"2048","height":"1402"}],"title":"Option Strategies: ORCL& DLTR","html":"<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>","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%. Image Image Follow me to learn more about analysis!! https://twitter.com/Selling4Premium","highlighted":1,"essential":2,"paper":2,"likeSize":361,"commentSize":0,"repostSize":37,"favoriteSize":0,"link":"https://ttm.financial/post/283048331726904","repostId":0,"isVote":1,"tweetType":1,"viewCount":2121,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["DLTR","ORCL"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":1131,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/283048331726904"}