To The Moon

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

1.

Here is our optionselling trade on $Zoom(ZM)$ heading into earnings today.

Sold two difference strangles

- May 24 exp - 55p & 78c, 58p & 78c.

Am thinking of rolling the 78c strike down to 75c on one of the trades.

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2.

Per the optionselling plan ... here we go ... moved up the strike on $Palo Alto Networks(PANW)$ .

270 is below the expected move range, but who knows if this will drop big like last time.

That said, there does seem to be a support floor around that 260-270 range.

STO May 24 expiration 270 strike puts

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3.

$Zoom(ZM)$ trades worked out beautifully.

Will close both the put and call sides of the trade. Might even roll the put side up to the 60 strike if there is still some premium "meat on the bone".

Looking at rolling the buying power into a pre-earnings optionselling trade on $Toll Brothers(TOL)$ . Stay tuned.

4.

If you have been following $CME Bitcoin - main 2405(BTCmain)$ price action and how its been setting up on the daily chart since early May, then you know the move back to 70K was only a matter of time.

Made a bunch of moves on $ProShares Bitcoin Strategy ETF(BITO)$ $Marathon Digital Holdings Inc(MARA)$ $Hut 8 Mining Corp(HUT)$ $Coinbase Global, Inc.(COIN)$ last week. Regret not making those moves earlier, but was watching for strength and confirmation of an upwards move ... which happened on the 15th.

Now the question is ... take profit or continue to hold? We're leaning towards holding the positions for now. Let us know if you disagree.

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