Option Strategies: GTLB& UTLA

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

Gonna try something new for an optionselling trade on $GitLab, Inc.(GTLB)$ to play for earnings today.

Thinking of laddering strikes with a pyramid contract structure and split expirations.

- STO 1 contract, Dec 6 exp, 54 put strike (at volume point-of-control and strongest volume support per the timeframe selected on the daily chart)

- STO 3 contracts, Dec 6 exp, 50 put strike

- STO 6 contract, Dec 13 exp, 46 put strike

Might take an optionselling trade on UTLA to play it for earnings. Sell the 320 (or lower) strike for Dec 13 or Dec 20 expiration. 1 contract ... nothing big ... just pick up some lunch money and maybe shares if it drops that low.

Follow me to learn more about analysis!!

Options Hub

Welcome to Tiger Options Hub! Here you may talk and learn about all things on options trading!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":378679300518288,"tweetId":"378679300518288","gmtCreate":1733460250369,"gmtModify":1733460600561,"author":{"id":10000000000010846,"idStr":"10000000000010846","authorId":10000000000010846,"authorIdStr":"10000000000010846","name":"Selling For Premium","avatar":"https://community-static.tradeup.com/news/6e71af8d806acf06bae64d5fa3e020c0","vip":8,"userType":8,"introduction":"。","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":631,"starInvestorFlag":false},"themes":[{"themeId":"6e1c80e1b0c649e4b4472938cebd4ac0","categoryId":"997e3653d17d4f86ac5ca7a2c649ef17","name":"Options Hub","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":6e1c80e1b0c649e4b4472938cebd4ac0}&rnconfig={\"headerBarHidden\": true}","description":"Welcome to Tiger Options Hub!\nHere you may talk and learn about all things on options trading!","image":"https://community-static.tradeup.com/news/ff0f1a617c615bc3d55c60d687ac808a"}],"images":[{"img":"https://community-static.tradeup.com/news/75c5bac1a7eb359cb2d80f35e1e2983e","width":"1269","height":"959"},{"img":"https://community-static.tradeup.com/news/9de567ab84e98382dc635df259a62b80","width":"1272","height":"960"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/75c5bac1a7eb359cb2d80f35e1e2983e","width":"1269","height":"959"}],"title":"Option Strategies: GTLB& UTLA","html":"<html><head></head><body>Hello everyone! Today i want to share some option strategies with you!1.Gonna try something new for an optionselling trade on <a data-mention-id=\"GTLB\" class=\"teditor-mention\" data-mention-name=\"GitLab, Inc.\" href=\"https://ttm.financial/S/GTLB\">$GitLab, Inc.(GTLB)$</a> to play for earnings today.Thinking of laddering strikes with a pyramid contract structure and split expirations.- STO 1 contract, Dec 6 exp, 54 put strike (at volume point-of-control and strongest volume support per the timeframe selected on the daily chart)- STO 3 contracts, Dec 6 exp, 50 put strike- STO 6 contract, Dec 13 exp, 46 put strike<img src=\"https://community-static.tradeup.com/news/75c5bac1a7eb359cb2d80f35e1e2983e\" tg-width=\"1269\" tg-height=\"959\">2.Might take an optionselling trade on UTLA to play it for earnings. Sell the 320 (or lower) strike for Dec 13 or Dec 20 expiration. 1 contract ... nothing big ... just pick up some lunch money and maybe shares if it drops that low.<img src=\"https://community-static.tradeup.com/news/9de567ab84e98382dc635df259a62b80\" tg-width=\"1272\" tg-height=\"960\">Follow me to learn more about analysis!!</body></html>","htmlText":"<html><head></head><body>Hello everyone! Today i want to share some option strategies with you!1.Gonna try something new for an optionselling trade on <a data-mention-id=\"GTLB\" class=\"teditor-mention\" data-mention-name=\"GitLab, Inc.\" href=\"https://ttm.financial/S/GTLB\">$GitLab, Inc.(GTLB)$</a> to play for earnings today.Thinking of laddering strikes with a pyramid contract structure and split expirations.- STO 1 contract, Dec 6 exp, 54 put strike (at volume point-of-control and strongest volume support per the timeframe selected on the daily chart)- STO 3 contracts, Dec 6 exp, 50 put strike- STO 6 contract, Dec 13 exp, 46 put strike<img src=\"https://community-static.tradeup.com/news/75c5bac1a7eb359cb2d80f35e1e2983e\" tg-width=\"1269\" tg-height=\"959\">2.Might take an optionselling trade on UTLA to play it for earnings. Sell the 320 (or lower) strike for Dec 13 or Dec 20 expiration. 1 contract ... nothing big ... just pick up some lunch money and maybe shares if it drops that low.<img src=\"https://community-static.tradeup.com/news/9de567ab84e98382dc635df259a62b80\" tg-width=\"1272\" tg-height=\"960\">Follow me to learn more about analysis!!</body></html>","text":"Hello everyone! Today i want to share some option strategies with you! 1. Gonna try something new for an optionselling trade on $GitLab, Inc.(GTLB)$ to play for earnings today. Thinking of laddering strikes with a pyramid contract structure and split expirations. - STO 1 contract, Dec 6 exp, 54 put strike (at volume point-of-control and strongest volume support per the timeframe selected on the daily chart) - STO 3 contracts, Dec 6 exp, 50 put strike - STO 6 contract, Dec 13 exp, 46 put strike 2. Might take an optionselling trade on UTLA to play it for earnings. Sell the 320 (or lower) strike for Dec 13 or Dec 20 expiration. 1 contract ... nothing big ... just pick up some lunch money and maybe shares if it drops that low. Follow me to learn more about analysis!!","highlighted":1,"essential":1,"paper":2,"likeSize":28,"commentSize":0,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/378679300518288","repostId":0,"isVote":1,"tweetType":1,"viewCount":534,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["GTLB"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":635,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/378679300518288"}