To The Moon

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

Trade idea on: $Accenture PLC(ACN)$

Earnings date: Sep 28 before market open

Expected move: ~4% via

Entry: Sell-to-open an Iron Condor at strikes 10% away from the underlying's current trading price (which then also positions us well outside the expected move range). Past earnings moves have stayed within +/-10%. It shows volume support at 280 and price hasn't hit 340 since April 2022, so we'd be targeting those strikes to sell (280p and 340c).

Exit: The goal of this trade is to capture premium as profit. Buy-to-close or let expire worthless both sides of the trade if ACN stays within the strikes sold. If ACN breaks the call strike or put strike, then buy-to-close out for a loss the jeopardized leg.

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Took the opportunity on $Amazon.com(AMZN)$ today to sell puts in the IRA account ... mainly to pick up premium, but wouldn't mind assignment as we do want shares.

Optionselling Currently, have the 9/29 $128 cash-secured puts in play. Will be watching AMZN's price action very closely. Debating on taking assignment or rolling to next week and lowering the strike to 127.

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Initiated an optionselling order on $CarMax(KMX)$ to play it for earnings. Sold the 93/97 call spread. Hoping it fills at our limit price. Leaning bearish on this earnings play ... don't see how it has a 3rd straight earnings call of ~10% upside move considering current market environment and sentiment.

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Sold the puts on $Micron Technology(MU)$ - Sep 29 exp 62 strike. No spread ... just straight up.

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Sold a call spread on $Micron Technology(MU)$ to play for earnings today. Sold the 75 strike, bought the 80 strike. Waiting for it to drop a bit more from this pump in order to sell puts on it. Targeting the 61 or 62 strike. Selling strikes outside the expected move.

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Sold the Iron Condor on $Accenture PLC(ACN)$ to play it for earnings tomorrow.

- 340/350 call spread - 287.5/275 put spread

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