Option Strategies: AKAM, U& KVYO

Selling For Premium
05-10

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

1.

Following on this optionselling trade on $Klaviyo, Inc.(KVYO)$

Should have gotten in before earnings (with options_seller7), but did not pop up on our radar until afterwards.

▫️ Sold-to-open May 17 exp $22.5/$20 put credit spread

▫️ Sold-to-open June 21 exp $20 puts

KVYO looks to have bottomed on the daily chart and had a very solid earnings call. We are placing a bet that this is the pivot point and it will hold above the 22.5 level by next Friday's expiration and hold above the 20 level by June OPEX.

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2.

$Unity Software Inc.(U)$ looks interesting for an optionselling play.

Looks like it has found a bottom on the daily chart in this low 20s area. Geez ... from over 200 to now low 20s ...

U has had quite the fall from grace. Expectations are low heading into earnings today, but the consensus is that U will beat expectations. 🤞🏽🙏🏽

Might sell the May 10 expiration and target a put strike in the 20-22 range.

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3.

Pre-earnings trade on $Akamai(AKAM)$ .

We didn't even realize AKAM was announcing earnings today, so "thanks" for the heads-up Tung.

Sell-to-open a strangle - May 10 expiration, 85p & 120c strikes AKAM has earnings today.

There is a gap around the 80 level and 129 was the recent high before the last earnings release.

Expected move is 9% with a high IV over 200%.

Both strikes sit outside the expected move range, but keep in mind that post-earnings price reaction can always move beyond the range.

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