Option Strategies: GTLB& UTLA
Hello everyone! Today i want to share some option strategies with you!
1.
Gonna try something new for an optionselling trade on $GitLab, Inc.(GTLB)$ to play for earnings today.
Thinking of laddering strikes with a pyramid contract structure and split expirations.
- STO 1 contract, Dec 6 exp, 54 put strike (at volume point-of-control and strongest volume support per the timeframe selected on the daily chart)
- STO 3 contracts, Dec 6 exp, 50 put strike
- STO 6 contract, Dec 13 exp, 46 put strike
2.
Might take an optionselling trade on UTLA to play it for earnings. Sell the 320 (or lower) strike for Dec 13 or Dec 20 expiration. 1 contract ... nothing big ... just pick up some lunch money and maybe shares if it drops that low.
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