@jace0777:I closed $SNAP 20240426 10.5 PUT$ ,🏦 ka-Ching! SNAP had a nice gap up from earning announcement. It delivered an impressively strong performance this Q1, beating estimates on all levels! Booked my 97% credit profits over 17 days. Great testament to a fairly accurate read of the fundamentals! Keep it going! 💪
@jace0777:I opened $MRVL 20240503 72.0 CALL$ ,🎡 wheeling MRVL this time. Noted a strong negative gamma at 70 but not much more above that. This is indicative of a price pull to 70, but price may lack conviction to move further up in the next week. So experimenting with a covered call at 72, a little lower than my cost basis to try and capture more premium. Let’s see if this experiment pans out well next week. 🤞