Daily Option Strategies: LEVI, MU, FDX& HIMS
Hello everyone! Today i want to share some option strategies with you!
1.
Closed out $FedEx(FDX)$ $FDX puts for profit in the IRA. Took a trade on $Hims & Hers Health Inc.(HIMS)$ during this pullback (thanks for the idea ... wasn't really looking at it that closely).
- 200EMA on HIMS is at 13, and that level also has strong volume support
- Volume point-of-control in that 18-19 range, with longer-term volume poc around 13
- Gap around the 14.5 level Decided to sell the 17 put strike mainly for better premium and it sits below volume poc. Will roll down strike if necessary.
2.
Here was our $Micron Technology(MU)$ pre-earnings trades:
▫️ Sold-to-open June 28 exp 215 strike calls
▫️ Sold-to-open June 28 exp 120 & 125 puts
▫️ Bought-to-open June 28 exp 142/145 call debit spread
Plan for tomorrow:
▫️ Let the 215c expire worthless or close out for profit to free up buying power for an #Optionselling trade on $NKE
▫️ Not sure yet whether to leave the 120p & 125p open for worthless expiration or BTFD assignment (depending on how price action plays out the rest of the week) or close out if IV crush positions us in profit
▫️ Gonna keep the 142/145 call spread open as a lotto play
3.
Totally forgot that $Levi Strauss & Co(LEVI)$ was announcing earnings today. Might have to look into some put optionselling opportunities.
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- MeHu·2024-06-27Ok 👌LikeReport