Option Strategies: KBH, LEN, TOL& AMZN
Hello everyone! Today i want to share some option stratgies with you!
1.
Sold-to-open $Amazon.com(AMZN)$ June 21 exp 175 strike put in the IRA account. Would be happy to pick up more shares at that price (which is a recent bottom support level).
2.
Sold an Iron Condor on $S&P 500(.SPX)$ . Small position. June 18 expiration. 5505/5510 call credit spread & 5455/5450 put credit spread.
3.
$KB Home(KBH)$ has earnings this week. Based on current AH price action, looks like $Lennar(LEN)$ is not reacting well for earnings. $Toll Brothers(TOL)$ dropped for its earnings release as well.
This makes us inclined to take a bearish trade (buy puts, sell calls) on KBH since big players might be selling off homebuilding stocks regardless of how they report for earnings (good or bad).
Let's see how LEN closes the AH session and how the price action plays out during regular hours tomorrow.
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