Option Strategies: .SPX, HIMS, PLTR& MSTR

Selling For Premium
08-02

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

1.

Majority of the gamma for $S&P 500(.SPX)$ is at 6250 last day. Wouldn't be surprised to see us stay around this area (+/- 10 to 20 points) for today.

Wanted to write a call credit spread to complete the 0DTE iron condor, but there isn't much premium at the gap fill level of 6330 or higher for a 10-wide spread.

Don't really want to get caught in a gap fill scenario if something good happens in the market today. Probably unlikely, but the cushion just isn't there for our liking.

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2.

$Strategy(MSTR)$ getting back into put-writing territory for us. Limped in with this trade.

STO MSTR Aug 8 expiry 240 strike put

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3.

$Hims & Hers Health Inc.(HIMS)$ and $Palantir Technologies Inc.(PLTR)$ release earnings after the closing bell on Monday next week. Both look primed for a post-earnings dump. Wrote these puts to capture premium as well as position to pick up shares.

HIMS - Aug 8 expiry, 35 strike put

PLTR - Aug 8 expiry, 100 strike put

Might also buy and sell puts on Monday to add to positions depending on price action.

Am looking at strangling both trades and writing the 105 strike naked call on HIMS and 230 strike naked call on PLTR, both Aug 8 expiry.

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Market Amplifies Earnings Moves, Can a Strangle Make You Money?
This week marks the most volatile earnings week of the season. The market is punishing bad earnings and rewarding good ones—yesterday, some strong performers surged over 20%, while certain earnings misses dropped more than 20%. Is this the perfect time to use a strangle strategy—betting on volatility instead of direction? What’s your go-to options strategy during earnings season? Do you focus on steady returns or look to capitalize on IV crush? And which stocks do you think are best suited for options trading?
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Comments

  • harry688
    08-03
    harry688

    Where did you see the basis or motivation for these two companies to sell their stocks?

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