Option Strategies: HUT, CRM, NVDA, CIFR& HIMS
Hello everyone! Today i want to share some trading ideas with you!
1.
$Hims & Hers Health Inc.(HIMS)$ announces earnings after the closing bell on Monday. Expected move is ~14%. Daily chart looks so ugly.
Anyone taking an optionselling trade to play earnings?
Probs gonna write a strangle, Feb 27 expiry, targeting the 10 put strike and call strike tbd (maybe in the low 20s).
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2.
$Cipher Mining Inc.(CIFR)$ announces earnings before the opening bell on Tuesday. Expected move is ~15%.
Looking at the Feb 27 expiry, 11 strike for a put-write trade to play earnings. Might also strangle it with a call strike in the low 20s.
Problem is ... there isn't much volume support below if CIFR loses its current level (at volume point-of-control).
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3.
$NVIDIA(NVDA)$ ... the king of all kings right now ... announces earnings after market close on Wednesday. Expected move is ~6%.
Will be writing cash-secured puts, Feb 27 expiry ideally but might also go out to March 20 expiry. Targeting a put ladder at strikes from 140 up to 160/165.
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If we strangle with naked calls, it will be the Feb 27 expiry, strike at 210+.
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4.
$Salesforce.com(CRM)$ announces earnings after the closing bell on Wednesday. Expected move is 9%.
Never thought we'd see sub-200 ... but, here we are. Got the 155P in play ... wrote it at the volume point-of-control.
Will probs write naked calls to strangle the trade, Feb 27 or Mar 6 expiry, strike tbd (thinking of targeting the 230-245 range).
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5.
$Hut 8 Mining Corp(HUT)$ announces earnings before the opening bell on Wednesday. Expected move is ~13%.
Gonna write cash-secured puts at the 200EMA and volume point-of-control level around 38.
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