Option Strategies: ZS, AMD& BA
Hello everyone! Today I want to share some option strategies with you!
1.
Taking a swing here at $Boeing(BA)$ . Earnings scheduled for later this month. BA got killed in Q1.
Can Q2 produce better results? Sold-to-open Apr 12 exp 177.5 strike puts.
Targeting what looks to be a support level.
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2.
That big drop in the market was not fun! Don't know what the market is going to do tomorrow, so placed the following optionselling trades to mitigate any potential further risk for the Apr 5 expiration.
- Closed out the $mdput credit spread.
- Rolled the Apr 5 $Zscaler Inc.(ZS)$ 182.5p and $Advanced Micro Devices(AMD)$ 172.5p short positions to 4/12 expiration and lower strikes. Unhinged both from the spread and they are now naked.
- Kept the Apr 5 $Zscaler Inc.(ZS)$ 175p and $Advanced Micro Devices(AMD)$ 162.5p long positions open to catch any further downside tomorrow.
3.
Lots of cash still sitting on the sidelines. Gunpowder for the bull camp if/when this cash gets deployed back into the market. That said, hard to deploy it when you are getting a 5% "risk-free" rate-of-return in money market funds.
Unless rates come back down, this cash will probably continue to sit on the sidelines.
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- keke006·04-09Selling puts on BA to target support levels is a clever strategy.LikeReport