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.
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.
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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