Option Strategies: MELI, AVGO, AMD& SNOW

Selling For Premium
04-12

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.

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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.

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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.

Follow me to learn more about analysis!!

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Comments

  • Lowel
    04-13
    Lowel
    AMD 167.5 puts close ITM, do you close it with loss?
  • HiTALK
    04-12
    HiTALK
    You've got some interesting options trades lined up!
  • MortimerDodd
    04-12
    MortimerDodd
    The options strategies you share are very interesting hor!
  • YaleBrewster
    04-12
    YaleBrewster
    👍🏻
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