Option Strategies: NVDA, AMD, SQ, VST, PLTR& CLSK
Hello everyone! Today i want to share some option strategies with you! Hope it can help you!
1.
Switched out our optionselling puts on $CleanSpark, Inc.(CLSK)$ for $Hut 8 Mining Corp(HUT)$ ... kept the July 19 expiration.
Don't think CLSK will hit 12 unless Bitcoin has another big dump, but right now it looks like BTC might be finding a bottom ... yet, anything is possible. People be sleeping on HUT and missed the big move. Looks like 14.5 might be a new base on the daily chart after the big move.
2.
Doing our job to help out the $Palantir Technologies Inc.(PLTR)$ bulls. Small optionselling positions, but it contributes to the cause. Come on dealers/tutes ... come chase and challenge these strikes ‼️
Sold-to-open Aug 2 expiration, 33 & 36 call strikes.
3.
Took a few more optionselling trades besides the planned ones on $Advanced Micro Devices(AMD)$ $Micron Technology(MU)$ $NVIDIA Corp(NVDA)$ that we posted about over the weekend.
▫️ Sold-to-open $Vistra Energy Corp.(VST)$ July 12 exp 84 strike cash-secured puts
▫️ Sold-to-open $Block(SQ)$ July 12 exp 70 strike naked calls to complete a strangle (have the 57 strike puts sold on it)
VST came onto our radar thanks to folks from the discord group. Looks to be starting an uptrend on the daily chart and the 84 handle had multiple touches and held its ground.
SQ has been in an uptrend, but today it erased the Friday breakout. We don't feel too confident about this trade as SQ could still continue breaking out, but we are gonna take it and see what happens the rest of the week. Would have preferred selling the 71 handle as there is stronger volume resistance, but went with the 70 handle to chase more premium.
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