Option Strategies: GOOGL, COST& MANU
Hello everyone! Today I want to share some option strategies with you!
Took an optionselling trade on $Alphabet(GOOGL)$ . Wasn't part of the plan this week, but decided to jump on it. Looks like GOOGL is finding some consolidation on its downwards trend on the daily chart.
Sold puts on the Oct 20 expiration 123 strike (gap is at 123). Wouldn't mind assignment as we are okay picking up more shares of Google. That said, primarily playing this trade to just capture premium.
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Strong move on $Manchester United PLC(MANU)$ today. Took the optionselling trade and sold Sep 29 exp 21.5 strike covered calls.
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For the Iron Condor trade on $Costco(COST)$ , thinking of optionselling the following tomorrow:
- Put spread 525/520
- Call spread 595/600
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