Option Strategies: NKE, VIX& TSLA
Hello everyone! Today i want to share option strategies with you!
1.
Was hoping $Tesla Motors(TSLA)$ would continue down from yesterday to end the week, but didn't get our wish. Such is life. All good.
Sticking to the plan ... sold puts - Oct 4 exp 225 strike.
Will roll up the strike to capture more premium depending on what TSLA does next week.
2.
Trying something new here when it comes to optionsTrading ... never traded a $Cboe Volatility Index(VIX)$ butterfly before, so testing out the waters. Playing a potential spike in volatility as we get closer to the election.
Executed a buy-write-buy 1x2x1 butterfly trade
- Bought the Nov 20 $18 calls
- Sold the Nov 20 $22 calls
- Bought the Nov 20 $24 calls
Max loss around $170, and max gain just over $1K if the VIX stays within the profit zone by expiration. Obviously, could also close out the trade before expiration if its in profit.
3.
Expected move on $Nike(NKE)$ pegged at ~7% by
Not really sure how we want to play this for tomorrow's earnings release.
Am considering selling a strangle with put strike in the 70-75 range and a call strike in the 105-110 range ...
or ...
Straight up buying puts and possibly selling a call credit spread.
Follow me to learn more about analysis!!
https://x.com/Selling4Premium/status/1840926821136941179
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