Option Stratgies: ZS& BILL

Selling For Premium

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

1.

Took a last-minute pre-earnings trade on $BILL HOLDINGS INC(BILL)$ . Skew heavy to the call side and IV very high. Wanted to take advantage of the IV as well as probability of a post-earnings move not being more than 35% to upside (considering current market environment and how tutes are trading tech stocks).

▫️ BTO call debit spread - Aug 23 exp - 55/56 strikes

▫️ STO naked calls - Aug 23 exp - 70 strike

2.

If anyone is trading $Zscaler Inc.(ZS)$ with long calls or short puts, we exited out of our long position. Kept the short puts as we would like to get back in (got the Sept 6 exp 165 strike puts). Earnings is coming up. Will look to add to our short put position and take advantage of high IV for earnings week.

ZS getting back to the recent top. Strong upwards move since the early August shake-out. Might trade flat heading into earnings versus a steep sell-off. Don't really know, but we decided to take profit.

Follow me to learn more about analysis!!

https://x.com/Selling4Premium

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Today i want to share some option strategies with you!</p><p></p><p>1.</p><p>Took a last-minute pre-earnings trade on  <a data-mention-id=\"BILL\" class=\"teditor-mention\" data-mention-name=\"BILL HOLDINGS INC\" href=\"https://ttm.financial/S/BILL\">$BILL HOLDINGS INC(BILL)$</a> . Skew heavy to the call side and IV very high. Wanted to take advantage of the IV as well as probability of a post-earnings move not being more than 35% to upside (considering current market environment and how tutes are trading tech stocks).</p><p>▫️ BTO call debit spread - Aug 23 exp - 55/56 strikes</p><p>▫️ STO naked calls - Aug 23 exp - 70 strike</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/88a1840d0ec56cd35873136367e1d738\" tg-width=\"842\" tg-height=\"805\"></p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6f25c21b8322bf1d67f4dffce25fa45b\" tg-width=\"1502\" tg-height=\"243\"></p><p></p><p>2.</p><p>If anyone is trading  <a data-mention-id=\"ZS\" class=\"teditor-mention\" data-mention-name=\"Zscaler Inc.\" href=\"https://ttm.financial/S/ZS\">$Zscaler Inc.(ZS)$</a>  with long calls or short puts, we exited out of our long position. Kept the short puts as we would like to get back in (got the Sept 6 exp 165 strike puts). Earnings is coming up. Will look to add to our short put position and take advantage of high IV for earnings week.</p><p>ZS getting back to the recent top. Strong upwards move since the early August shake-out. Might trade flat heading into earnings versus a steep sell-off. Don't really know, but we decided to take profit.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f3fc5f0539c7813495cb168b94cd7d29\" tg-width=\"1310\" tg-height=\"989\"></p><p></p><p></p><p><em>Follow me to learn more about analysis!!</em></p><p>https://x.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>Took a last-minute pre-earnings trade on  <a data-mention-id=\"BILL\" class=\"teditor-mention\" data-mention-name=\"BILL HOLDINGS INC\" href=\"https://ttm.financial/S/BILL\">$BILL HOLDINGS INC(BILL)$</a> . Skew heavy to the call side and IV very high. Wanted to take advantage of the IV as well as probability of a post-earnings move not being more than 35% to upside (considering current market environment and how tutes are trading tech stocks).</p><p>▫️ BTO call debit spread - Aug 23 exp - 55/56 strikes</p><p>▫️ STO naked calls - Aug 23 exp - 70 strike</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/88a1840d0ec56cd35873136367e1d738\" tg-width=\"842\" tg-height=\"805\"></p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6f25c21b8322bf1d67f4dffce25fa45b\" tg-width=\"1502\" tg-height=\"243\"></p><p></p><p>2.</p><p>If anyone is trading  <a data-mention-id=\"ZS\" class=\"teditor-mention\" data-mention-name=\"Zscaler Inc.\" href=\"https://ttm.financial/S/ZS\">$Zscaler Inc.(ZS)$</a>  with long calls or short puts, we exited out of our long position. Kept the short puts as we would like to get back in (got the Sept 6 exp 165 strike puts). Earnings is coming up. Will look to add to our short put position and take advantage of high IV for earnings week.</p><p>ZS getting back to the recent top. Strong upwards move since the early August shake-out. Might trade flat heading into earnings versus a steep sell-off. Don't really know, but we decided to take profit.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f3fc5f0539c7813495cb168b94cd7d29\" tg-width=\"1310\" tg-height=\"989\"></p><p></p><p></p><p><em>Follow me to learn more about analysis!!</em></p><p>https://x.com/Selling4Premium</p></body></html>","text":"Hello everyone! Today i want to share some option strategies with you! 1. Took a last-minute pre-earnings trade on $BILL HOLDINGS INC(BILL)$ . Skew heavy to the call side and IV very high. Wanted to take advantage of the IV as well as probability of a post-earnings move not being more than 35% to upside (considering current market environment and how tutes are trading tech stocks). ▫️ BTO call debit spread - Aug 23 exp - 55/56 strikes ▫️ STO naked calls - Aug 23 exp - 70 strike 2. If anyone is trading $Zscaler Inc.(ZS)$ with long calls or short puts, we exited out of our long position. Kept the short puts as we would like to get back in (got the Sept 6 exp 165 strike puts). Earnings is coming up. Will look to add to our short put position and take advantage of high IV for earnings week. ZS getting back to the recent top. Strong upwards move since the early August shake-out. Might trade flat heading into earnings versus a steep sell-off. Don't really know, but we decided to take profit. 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