Option Strategies: ZS& NKE

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

Geez ... $Zscaler Inc.(ZS)$ on a rampage today. Not sure what is gonna happen tomorrow, so will probs roll the 190 calls and buy calls to hedge the naked position.

Will let the put position expire worthless and look to sell puts for next week in the 170-175 strike range.

Took an optionselling pre-earnings trade on $Nike(NKE)$ . Sold-to-open the June 28 expiration 84/80 put credit spread. Might also take a trade on the call side ... tbd.

▫️ Targeting a previous bottom support level at 84 with a hedge down to the 80 level

▫️ NKE has had negative price reaction the previous two earnings releases ... could this time be different

▫️ Expected move is 7.5% with lower bound at 87 and upper bound at 101

▫️ 91% PoP (probability of profit) with the 84/80 credit put spread

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KSR
07-01
KSR
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Today i want to share some option strategies with you!1.Geez ... <a data-mention-id=\"ZS\" class=\"teditor-mention\" data-mention-name=\"Zscaler Inc.\" href=\"https://ttm.financial/S/ZS\">$Zscaler Inc.(ZS)$</a> on a rampage today. Not sure what is gonna happen tomorrow, so will probs roll the 190 calls and buy calls to hedge the naked position.Will let the put position expire worthless and look to sell puts for next week in the 170-175 strike range.2.Took an optionselling pre-earnings trade on <a data-mention-id=\"NKE\" class=\"teditor-mention\" data-mention-name=\"Nike\" href=\"https://ttm.financial/S/NKE\">$Nike(NKE)$</a> . Sold-to-open the June 28 expiration 84/80 put credit spread. Might also take a trade on the call side ... tbd.▫️ Targeting a previous bottom support level at 84 with a hedge down to the 80 level▫️ NKE has had negative price reaction the previous two earnings releases ... could this time be different▫️ Expected move is 7.5% with lower bound at 87 and upper bound at 101▫️ 91% PoP (probability of profit) with the 84/80 credit put spread<img src=\"https://community-static.tradeup.com/news/d49f3b2533e06b7f20eed6df8b060760\" tg-width=\"1263\" tg-height=\"215\"><img src=\"https://community-static.tradeup.com/news/2ddc9258a7cdc26d9ab18102744b08a5\" tg-width=\"360\" tg-height=\"276\"><img src=\"https://community-static.tradeup.com/news/3e27cc4c57a3b279189353671d57b33c\" tg-width=\"680\" tg-height=\"366\">Follow me to learn more about analysis!!https://x.com/Selling4Premium</body></html>","htmlText":"<html><head></head><body>Hello everyone! Today i want to share some option strategies with you!1.Geez ... <a data-mention-id=\"ZS\" class=\"teditor-mention\" data-mention-name=\"Zscaler Inc.\" href=\"https://ttm.financial/S/ZS\">$Zscaler Inc.(ZS)$</a> on a rampage today. Not sure what is gonna happen tomorrow, so will probs roll the 190 calls and buy calls to hedge the naked position.Will let the put position expire worthless and look to sell puts for next week in the 170-175 strike range.2.Took an optionselling pre-earnings trade on <a data-mention-id=\"NKE\" class=\"teditor-mention\" data-mention-name=\"Nike\" href=\"https://ttm.financial/S/NKE\">$Nike(NKE)$</a> . Sold-to-open the June 28 expiration 84/80 put credit spread. Might also take a trade on the call side ... tbd.▫️ Targeting a previous bottom support level at 84 with a hedge down to the 80 level▫️ NKE has had negative price reaction the previous two earnings releases ... could this time be different▫️ Expected move is 7.5% with lower bound at 87 and upper bound at 101▫️ 91% PoP (probability of profit) with the 84/80 credit put spread<img src=\"https://community-static.tradeup.com/news/d49f3b2533e06b7f20eed6df8b060760\" tg-width=\"1263\" tg-height=\"215\"><img src=\"https://community-static.tradeup.com/news/2ddc9258a7cdc26d9ab18102744b08a5\" tg-width=\"360\" tg-height=\"276\"><img src=\"https://community-static.tradeup.com/news/3e27cc4c57a3b279189353671d57b33c\" tg-width=\"680\" tg-height=\"366\">Follow me to learn more about analysis!!https://x.com/Selling4Premium</body></html>","text":"Hello everyone! Today i want to share some option strategies with you! 1. Geez ... $Zscaler Inc.(ZS)$ on a rampage today. Not sure what is gonna happen tomorrow, so will probs roll the 190 calls and buy calls to hedge the naked position. Will let the put position expire worthless and look to sell puts for next week in the 170-175 strike range. 2. Took an optionselling pre-earnings trade on $Nike(NKE)$ . Sold-to-open the June 28 expiration 84/80 put credit spread. Might also take a trade on the call side ... tbd. ▫️ Targeting a previous bottom support level at 84 with a hedge down to the 80 level ▫️ NKE has had negative price reaction the previous two earnings releases ... could this time be different ▫️ Expected move is 7.5% with lower bound at 87 and upper bound at 101 ▫️ 91% PoP (probability of profit) with the 84/80 credit put spread Follow me to learn more about analysis!! https://x.com/Selling4Premium","highlighted":1,"essential":1,"paper":2,"likeSize":357,"commentSize":1,"repostSize":19,"favoriteSize":0,"link":"https://ttm.financial/post/321665126043672","repostId":0,"isVote":1,"tweetType":1,"viewCount":2134,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["ZS","NKE"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":true,"length":758,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":322626579321016,"gmtCreate":1719796498105,"gmtModify":1719796501657,"authorId":4121076730674632,"author":{"id":4121076730674632,"authorId":4121076730674632,"name":"KSR","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":321665126043672,"type":1,"supId":0,"prevId":0,"content":"👍","text":"👍","html":"👍","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/321665126043672"}