Option Stratgies: HIMS& PLTR

Selling For Premium

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

1.

Who's $Palantir Technologies Inc.(PLTR)$ for earnings on Monday ???

These are the trades we have on:

Own a bunch of shares and Jan 2025 $7 LEAPs

Sold May 10 $30 covered calls on some of our position and might fulfill the remaining position at 5/10 30cc or 5/17 32cc

Will sell cash-secured puts at the 17 or 18 strike and May 17 expiration

Considerations:

Expected move is pegged high at ~14%

Gap at the 17-18 level, which also happens to be near strong volume support (also the point-of-control)

If you zoom out on the daily chart, it looks like a cup-and-handle formation ... albeit with a small handle at the moment.

Image

Image

$Hims & Hers Health Inc.(HIMS)$ might need to take its own pill and get that stock price back up. Let's see if earnings gets the blood flow pumping. 🤣

Our trade: Sell-to-open the May 10 expiration $7.5 or $8 strike put

▫️ There is a gap at the 200EMA of 10.38

▫️ Strong volume support in the 8-9 range

▫️ The 8 level served as strong base support for several months before breaking out

▫️ Expected move is very high at over 20% with the downside move coming close to the targeted put strike

Might turn this trade into a strangle and sell the $17 strike call. Note that trade strikes may change based on how price action plays out on Monday during trading hours.

Image

Image

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Today I want to share some option strategies with you!</p><p></p><p>1.</p><p>Who's   <a data-mention-id=\"PLTR\" class=\"teditor-mention\" data-mention-name=\"Palantir Technologies Inc.\" href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>  for earnings on Monday ???  </p><p>These are the trades we have on:  </p><p>Own a bunch of shares and Jan 2025 $7 LEAPs  </p><p>Sold May 10 $30 covered calls on some of our position and might fulfill the remaining position at 5/10 30cc or 5/17 32cc  </p><p>Will sell cash-secured puts at the 17 or 18 strike and May 17 expiration </p><p>Considerations:  </p><p>Expected move is pegged high at ~14%  </p><p>Gap at the 17-18 level, which also happens to be near strong volume support (also the point-of-control)  </p><p>If you zoom out on the daily chart, it looks like a cup-and-handle formation ... albeit with a small handle at the moment.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/c4a698a81cfabf3f7e6f01f4be4b8d0f\" tg-width=\"2048\" tg-height=\"1330\"><span>Image</span></p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/29becaf4f76431bf7c27bc11f1edaffc\" tg-width=\"1697\" tg-height=\"1734\"><span>Image</span></p><p></p><p> <a data-mention-id=\"HIMS\" class=\"teditor-mention\" data-mention-name=\"Hims &amp; Hers Health Inc.\" href=\"https://ttm.financial/S/HIMS\">$Hims &amp; Hers Health Inc.(HIMS)$</a> might need to take its own pill and get that stock price back up. Let's see if earnings gets the blood flow pumping. 🤣  </p><p>Our trade: Sell-to-open the May 10 expiration $7.5 or $8 strike put  </p><p>▫️ There is a gap at the 200EMA of 10.38 </p><p>▫️ Strong volume support in the 8-9 range </p><p>▫️ The 8 level served as strong base support for several months before breaking out </p><p>▫️ Expected move is very high at over 20% with the downside move coming close to the targeted put strike  </p><p>Might turn this trade into a strangle and sell the $17 strike call. Note that trade strikes may change based on how price action plays out on Monday during trading hours.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/d86146a3254e8e758c52cc526a38c9cc\" tg-width=\"900\" tg-height=\"587\"><span>Image</span></p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/8d3ededa4bea6b9ba439c7c3d475c875\" tg-width=\"680\" tg-height=\"651\"><span>Image</span></p><p></p><p><em>Follow me to learn more about analysis!!</em></p><p>https://twitter.com/Selling4Premium</p></body></html>","htmlText":"<html><head></head><body><p>Hello everyone! Today I want to share some option strategies with you!</p><p></p><p>1.</p><p>Who's   <a data-mention-id=\"PLTR\" class=\"teditor-mention\" data-mention-name=\"Palantir Technologies Inc.\" href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>  for earnings on Monday ???  </p><p>These are the trades we have on:  </p><p>Own a bunch of shares and Jan 2025 $7 LEAPs  </p><p>Sold May 10 $30 covered calls on some of our position and might fulfill the remaining position at 5/10 30cc or 5/17 32cc  </p><p>Will sell cash-secured puts at the 17 or 18 strike and May 17 expiration </p><p>Considerations:  </p><p>Expected move is pegged high at ~14%  </p><p>Gap at the 17-18 level, which also happens to be near strong volume support (also the point-of-control)  </p><p>If you zoom out on the daily chart, it looks like a cup-and-handle formation ... albeit with a small handle at the moment.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/c4a698a81cfabf3f7e6f01f4be4b8d0f\" tg-width=\"2048\" tg-height=\"1330\"><span>Image</span></p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/29becaf4f76431bf7c27bc11f1edaffc\" tg-width=\"1697\" tg-height=\"1734\"><span>Image</span></p><p></p><p> <a data-mention-id=\"HIMS\" class=\"teditor-mention\" data-mention-name=\"Hims &amp; Hers Health Inc.\" href=\"https://ttm.financial/S/HIMS\">$Hims &amp; Hers Health Inc.(HIMS)$</a> might need to take its own pill and get that stock price back up. Let's see if earnings gets the blood flow pumping. 🤣  </p><p>Our trade: Sell-to-open the May 10 expiration $7.5 or $8 strike put  </p><p>▫️ There is a gap at the 200EMA of 10.38 </p><p>▫️ Strong volume support in the 8-9 range </p><p>▫️ The 8 level served as strong base support for several months before breaking out </p><p>▫️ Expected move is very high at over 20% with the downside move coming close to the targeted put strike  </p><p>Might turn this trade into a strangle and sell the $17 strike call. Note that trade strikes may change based on how price action plays out on Monday during trading hours.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/d86146a3254e8e758c52cc526a38c9cc\" tg-width=\"900\" tg-height=\"587\"><span>Image</span></p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/8d3ededa4bea6b9ba439c7c3d475c875\" tg-width=\"680\" tg-height=\"651\"><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. Who's $Palantir Technologies Inc.(PLTR)$ for earnings on Monday ??? These are the trades we have on: Own a bunch of shares and Jan 2025 $7 LEAPs Sold May 10 $30 covered calls on some of our position and might fulfill the remaining position at 5/10 30cc or 5/17 32cc Will sell cash-secured puts at the 17 or 18 strike and May 17 expiration Considerations: Expected move is pegged high at ~14% Gap at the 17-18 level, which also happens to be near strong volume support (also the point-of-control) If you zoom out on the daily chart, it looks like a cup-and-handle formation ... albeit with a small handle at the moment. Image Image $Hims & Hers Health Inc.(HIMS)$ might need to take its own pill and get that stock price back up. Let's see if earnings gets the blood flow pumping. 🤣 Our trade: Sell-to-open the May 10 expiration $7.5 or $8 strike put ▫️ There is a gap at the 200EMA of 10.38 ▫️ Strong volume support in the 8-9 range ▫️ The 8 level served as strong base support for several months before breaking out ▫️ Expected move is very high at over 20% with the downside move coming close to the targeted put strike Might turn this trade into a strangle and sell the $17 strike call. Note that trade strikes may change based on how price action plays out on Monday during trading hours. 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