Hello everyone! Today I want to share some option strategies with you!
1.
Got a $MercadoLibre(MELI)$ Apr 12 exp 1420p expiring this Friday.
Will be watching this trade closely to see if we get assigned or the contract expires worthless. Sold this in our long-term account with the acceptance of assignment.
If it expires worthless, then we will sell the Apr 26 expiration targeting the 1390 (or lower) strike. There is a small un-filled gap at 1390.
2.
WOW! The stock market showing great strength today. Took some trades ... sorry for not posting earlier ... had a very busy morning and just now getting to this.
- Playing (bought-to-open) lotto $Broadcom(AVGO)$ 4105 calls for tomorrow's expiration. Today's breakout was strong ... am looking for a continuation tomorrow if the market doesn't shit the bed for whatever reason.
- Looking to get long on $Advanced Micro Devices(AMD)$ ... been trading/consolidating in a range the past few days. Sold-to-open the Apr 12 exp 167.5 puts.
3.
Anyone follow on this trade? Can't say we foresaw today's move happening, but love it when we get the timing right. $Snowflake(SNOW)$ for the win!
Might hold this trade a bit longer if today's move holds up and SNOW pushes back into and stays above the 160 level.
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