Option Strategies: DLO, FUBO, DDOG& OSCR
Hello everyone! Today i want to share some option strategies with you!
1.
$Oscar Health, Inc.(OSCR)$ Looks like we continue to write puts on OSCR at the 13 put strike. That has proven to be a very strong support level.
Got the 12P expiring this Friday ... will let that trade expire worthless for max profit.
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2.
$Datadog(DDOG)$ Captured $50K net profit on DDOG the other week. Am looking to get back in ... possibly by writing cash-secured puts in the 120-125 strike range.
Could that be a cup-n-handle formation signaling another move back up is coming?
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3.
$fuboTV Inc.(FUBO)$ still finding lots 🧲 resistance around $4. Can't seem to hold above it. Volume point-of-control at $3.5.
Nice to see a rising trend line with higher lows from last earnings to this earnings last week.
What we're hoping to see play out is a clean break-and-hold out of this ascending triangle back above $4.
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4.
Looks like $DLocal Limited(DLO)$ is still tracking along that rounded base formation. Could this earnings be the catalyst to push the price on a steeper upwards trajectory?
Earnings on Wednesday after market close. Expected move is ~14%.
Here are the optionselling trades we are taking:
1. As mentioned in a previous post, already got the Aug 15 expriy 9.47 strike puts in play. Will add to this position.
2. Will also write the Aug 15 expiry 8.47 strike puts.
3. Am considering buying shares before ear
nings to play a long gamble on the ER results, and then using proceeds from the put-writes to fund put-buys as a hedge on the shares.
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