Option Strategies: DIS& CELH
Hello everyone! Today i want to share some option strategies with you!
1.
$Celsius Holdings, Inc.(CELH)$ Gonna test the waters here on CELH and take a somewhat aggressive trade.
Sold-to-open the Jan 2025 $26.67 puts. Playing this for a bounce from current level. Am betting that bottom is in. Will close for a loss or roll the strike down-and-out if we are wrong on the bet.
2.
Who is taking trades on $Walt Disney(DIS)$ for earnings?
Earnings date: Thursday, Nov 14 before market open
Expected move: 6.7% (subject to change)
Pre-Earnings Trade:
We have a long position on DIS in both shares and leaps. Here are the trades we are targeting.
- Sell covered calls, Nov 22 expiration, $115 strike
- Buy call debit spread, Nov 22 exp, $110/114 strikes ... or could go lotto and buy the 120+ strike calls
- Sell cash secured puts, Nov 15 exp, $85 strike
Points to Consider:
- Expected move places downside to 94 and upside to 108 (subject to change based on today's price action)
- 2X the expected move gives us the 86-115 range
- The 79-85 range has been a strong support zone
- Gap at the 110 level from two earnings cycles ago
- Options chain shows a bullish put/call ratio with OI heaviest at the OTM 85 put strike and ATM 100 call strike, and volume leaning heavier towards calls
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