Option Strategies: SMCI& TGT
Hello everyone! Today i want to share some option strategies with you!
1.
Followed the homie on this optionselling pre-earnings trade for $Target(TGT)$ .
Sold the Nov 22 expiration $130 strike puts.
130 is a demand zone as well as previous earnings bottom. There is also some volume support down around that level. 2X the expected move is around 130.
Would have preferred to sell the 110 gap, but no premium at that level for this week's expiration.
2.
Took this trade on $SUPER MICRO COMPUTER INC(SMCI)$ earlier today. Straight up bought shares. Debating on exiting for quick profit or holding thru NVDA's earnings.🤔
Also wondering if this might be a longer hold for more upside leading into SMCI's earnings. 🤔🤔
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