Option Strategies: GME, MDB& ORCL
Hello everyone! Today i want to share some option strategies with you!
1.
Who is playing $GameStop(GME)$ for earnings tomorrow ?!?!?!
- 22 is the level with the strongest volume support and thus point-of-control
- 19 is the bottom from previous earnings
- Clear skies above current price with not a lot of overhead volume resistance
Am disappointed though that the Dec 13th put premiums and IV are not higher (for optionselling) with all the cult-like interest that surrounds this stock. That said, the call premiums are decently juicy. Looks like folks are betting to the upside on this, which means that if its primarily retail betting on the upside, then the tutes/hedgies are probs gonna kill this for earnings.
We shall see ... happy to be wrong so that calls will print. 🙏🏽🤞🏽
2.
And look at that ... that's why we do the analysis ... to know which stocks to play for pre-earnings and which ones not to.
Played $MongoDB Inc.(MDB)$ and avoided $Oracle(ORCL)$ . Will close out MDB trades for profit tomorrow and possibly sell some puts at the gap on ORCL if there is good premium.
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