Option Strategies: GME, ROKU& AMD
Hello everyone! Today I want to share some option strategies with you!
1.
Wasn't able to post these optionselling trades in real-time due to being busy today. Also, won't be trading tomorrow due to meetings. Took the $Roku Inc(ROKU)$ and $Advanced Micro Devices(AMD)$ trades per our previous posts.
- STO AMD Mar 28 exp 172.5/170 put credit spread
- STO ROKU Apr 19 exp 55 put strike (also sold the 59p in another account)
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2.
Who's gonna sell options on $GameStop(GME)$ for earnings tomorrow?
Degens unite !! optionselling
- IV very high at 300+%
- Expected move pegged at ~20%
- Volume support and point-of-control at the 14-15 level We are targeting the Mar 28 exp, $12/$11 put credit spread & $25 naked call.
- $11.83 was the lowest point before last earnings release, but that strike trades close to the edge of the expected move range
- $25 hasn't been seen since June 2023 and would be 67% (3X the expected move) away from today's closing price of 15 *** Caveat venditor ***
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