Option Strategies: CRM, SNOW& ULTA
Hello everyone! Today I want to share some option strategies with you!
1.
Took an optionselling trade on $Salesforce.com(CRM)$ . Sold the Dec 15 exp 200/195 put credit spread.
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2.
Opened up another optionselling trade on $Snowflake(SNOW)$ . Sold the Dec 8 exp 140/135 put credit spread.
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3.
Thinking of optionselling a put credit spread on $Ulta Salon Cosmetics & Fragrance(ULTA)$ for tomorrow's earnings play.
Expected move pegged at 5.5%. IV over 100%.
- STO Dec 1 exp 355/350 strikes
- Position the PCS around 3X the expected move
- Volume support around the 380 level
- Could sell a higher strike spread to pick up more premium ... contemplating it.
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4.
Our optionselling recap for the week ended Nov 24. Didn't hit our 10K goal, but on a holiday-shortened week where we didn't trade the last two days of the week ... we'll happily take this!
Net premium booked as profit = $7,346.02
Tickers traded: $Autodesk(ADSK)$
$ProShares Bitcoin Strategy ETF(BITO)$
$Hims & Hers Health Inc.(HIMS)$
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