Option Strategies: GME, MDB& POWL
Hello everyone! Today i will share some option strategies with you!
1.
And this is why we love the #Optionselling community on here! $Powell(POWL)$ wasn't even on our radar as an earnings-play trade for today.
Might play this both pre- and post- earnings. Gap around the 60 level and volume support as well. Looking to sell the Dec 15 exp 60/55 or 55/50 put credit spread. Expected move is big at ~15%. 2X the move from underlying's current price (as of this post) would be around 62 (right around the gap and volume support).
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2.
$MongoDB Inc.(MDB)$ had solid earnings results and guidance. Seems like the AH price action is simply profit-taking. Will be looking to roll up the strikes on our Dec 8 335/325 put credit spread tomorrow if buyers step in and price action/flow skews strongly bullish.
3.
earnings trades for today. Sold-to-open the following:
- $MongoDB Inc.(MDB)$ Dec 8 335/325 put credit spread
- $Powell(POWL)$ Dec 15 60/50 put credit spread Prediction: MDB dumps and POWL pumps for earnings. Haha ... watch it be the complete opposite.
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4.
Okay degens and memestock lovers ... who's gonna play $GameStop(GME)$ for some #Optionselling trades tomorrow ?!?!?! Was doing some research and noticed this put credit spread on GME
- Dec 8 exp 14.5/13.5 strikes. 61% probability of winning isn't the best probability, but the max profit vs max loss has us intrigued. Short strike is basically ATM and long strike hedges near the gap. Big IV and expected move. If we put on our meme-loving colored glasses, then of course we would believe that GME is gonna pump for earnings.
GME bottoming and then pumping before earnings does have us concerned though. Anyways, just throwing out this information. Not saying to take or don't take this trade. If you do trade it, then let's go.
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