Option Witch

Magic option strategies for extra income.

    • Option WitchOption Witch
      ·02-27

      Palo Alto's Call Options Skyrocket 600% as Nancy Pelosi Discloses Purchase, Should You Buy It, Too?

      $Palo Alto Networks(PANW)$ stock continued to surge over 5% in early trading on Tuesday after Congresswoman Nancy Pelosi disclosed that she bought positions in the cybersecurity company. Palo Alto stock had risen about 15% in the past three trading days.Pelosi purchased between $500,000 and $1M worth of call options in the Nikesh Arora-led company, according to a congressional trading form filed by Pelosi. The purchase was made on Feb. 12.The 83-year-old Pelosi also disclosed a call option purchase worth between $100,000 and $250,000. The purchase was made on Feb. 21, the same day shares plummeted after the company lowered its full-year revenue and billings guidance.A total number of 468,609 options related to
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      Palo Alto's Call Options Skyrocket 600% as Nancy Pelosi Discloses Purchase, Should You Buy It, Too?
    • Option WitchOption Witch
      ·02-05

      META Sees Further Upside Despite Its Rise, Short OTM Puts to Boost Gains

      $Meta Platforms, Inc.(META)$ shares surged 20.3% to a record high on Friday after issuing its first dividend days ahead of the 20th anniversary of its Facebook unit.There are 2.38 million Meta option contracts traded on Friday, 6.6 times higher than the equity's 90-day average volume. Option order flow sentiment implies that traders are wagering strong bullish bets in META stock on-balance. After converting the options volume into an equivalent number of META shares bought or sold, we can find that traders bought a net equivalent of 2,195,902 shares of META stock on Friday.Source: Market ChameleonShorting OTM Puts for META StockIn any case, short-put income plays are now very popular for shareholders. This is based on a contrarian reaction to
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      META Sees Further Upside Despite Its Rise, Short OTM Puts to Boost Gains
    • Option WitchOption Witch
      ·02-01

      AAPL option implies bearish bets before earnings, sell covered calls to hedge

      $Apple(AAPL)$ is expected to report its 1Q FY'24 results earnings on Thursday after market close. Analysts expect Apple's revenue to be $117.97 billion, adjusted net income to be $32.32 billion, and adjusted EPS to be $2.105, according to Bloomberg's unanimous expectations.Apple's 1Q results will likely indicate iPhone sales pressure in the greater China region amid increased competition from Huawei and reduced consumer spending. Furthermore, the guidance for the current quarter is expected to miss estimates on softening hardware demand.AAPL option order flow sentiment implies that traders are wagering bearish bets in AAPL stock on-balance. After converting the options volume into an equivalent number of AAPL shares bought or sold, we can find tha
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      AAPL option implies bearish bets before earnings, sell covered calls to hedge
    • Option WitchOption Witch
      ·01-31

      Option Witch | Tesla Stock Is Facing Obstacles - Sell Covered Calls for Protection

      $Tesla(TSLA)$ recently reported weaker-than-expected Q4 earnings, sending shares tumbling more than 12% the following day. Lackluster growth, margin headwinds, and the lack of a clear outlook were the driving forces for the selloff.Despite already being down 23% in 2024, it seems that the path of least resistance is not upside. Elon Musk's $55 billion pack package at electric vehicle maker Tesla was voided by a Delaware judge after a shareholder lawsuit claimed his hefty pay package was unduly approved. Tesla shares fell 2.94% to $184.96 in premarket trading on Wednesday.Since Tesla stock is facing some obstacles. This is good for near-term expiring covered call option plays. Investors can make extra income with these trades.Selling covered call o
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      Option Witch | Tesla Stock Is Facing Obstacles - Sell Covered Calls for Protection
    • Option WitchOption Witch
      ·01-30

      Microsoft Earnings Could Highlight Its AI Efforts; Sell OTM Puts for Extra Income

      $Microsoft(MSFT)$ will report its Q2 FY24 earnings after the US markets close on 30 January. Analysts expect Microsoft’s revenues to come in at $61.144 billion. Adjusted earnings are likely to come in at about $2.775 per share, according to Bloomberg's unanimous expectations.Microsoft's management anticipates Azure's growth to reach 26% to 27% in the second quarter. The company continued its upward trajectory in January 2024, surpassing Apple to become the world's most valuable company with a market capitalization of $3.05 trillion. This reflects investor confidence in the future development of the artificial intelligence field.Recently, Microsoft announced the launch of Copilot Pro for the M365 Family and Personal edition, priced at $20 per month
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      Microsoft Earnings Could Highlight Its AI Efforts; Sell OTM Puts for Extra Income
    • Option WitchOption Witch
      ·01-15

      MSFT Stock Could Be Worth $455 Per Share, Short Puts for Extra Income

      Microsoft’s stock market value ended a trading session higher than Apple’s for the first time since 2021 on Jan 12, making it the world’s most valuable company as worries about demand hit the iPhone maker’s shares.Apple crept up 0.2 per cent on Jan 12, while Microsoft added 1 per cent. With that, Microsoft’s market capitalisation stood at US$2.887 trillion, its highest ever, according to LSEG data. Apple’s market capitalisation was US$2.875 trillion, calculated with data in a filing on Jan 11.Source: Tiger Trade AppWorries about smartphone demand have pushed Apple’s shares down 3 per cent so far in 2024 after rallying 48 per cent in 2023. Microsoft is up about 3 per cent year to date after surging 57 per cent in 2023 in a rally driven in part by its lead in generative artificial intelligen
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      MSFT Stock Could Be Worth $455 Per Share, Short Puts for Extra Income
    • Option WitchOption Witch
      ·2023-07-20
      @TigerGPT what is tsmc's latest earrings
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    • Option WitchOption Witch
      ·2023-07-20
      @TigerGPT why Tesla stock goes down today
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    • Option WitchOption Witch
      ·2022-09-05
      good

      GameStop, Apple, Kroger, NIO, and Other Stocks for Investors to Watch This Week

      U.S. stock and bond markets will be closed on Monday for Labor Day. It's a quiet week on the earning
      GameStop, Apple, Kroger, NIO, and Other Stocks for Investors to Watch This Week
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