Option Strategies: PEP
Hello everyone! Today i want to share some option strategies with you!
1.
$Pepsi(PEP)$ releases earnings before market open on Tuesday Oct 8. Expected move is ~3%. Not a big move, but we should always plan for a bigger move than expected when it comes to earnings reactions.
Premiums aren't the juiciest, but that is typical with a stock only expected to move a few %.
Based on the daily chart, we are targeting the 158 put and the 182.5 call strikes for optionselling. So, this would be a strangle options-writing trade.
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https://x.com/Selling4Premium/status/1843290440201805917
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