Option Strategies: BNGO, CHYM& BE
Hello everyone! Today i want to share some trading strategies with you!
1
Wrote the $115 put strike on $Bloom Energy Corp(BE)$ today, March 27 expiry.
Folks are hoping that the $130 support holds this week. Thought about taking that strike, but am not gonna be that aggressive.
Will take a lower strike to cushion the downside risk, and then roll up to capture more premium if it looks like 130 will hold.
2
$Chime Financial, Inc.(CHYM)$ announces earnings before the opening bell on Wednesday this week. Expected move is ~11%.
Am 👀 the $17 strike (at strong volume support & point-of-control) for a put-write trade.
3
Was gonna play $Bionano Genomics(BNGO)$ for earnings, but then checked and saw that the options were removed from this stock.
Used to call this ticker "Bingo Bango Bongo" and play it back in the day.
Oh well ... nothing else to trade for earnings tonight or tomorrow morning before opening bell ... so, gonna get back to eating lunch.
Got $Braze, Inc.(BRZE)$ $Ondas Holdings Inc.(ONDS)$ $Chewy, Inc.(CHWY)$ $Carnival(CCL)$ on tap for this week.
4
Rolled down naked call on $Micron Technology(MU)$ from 500 strike to 475 strike for this week's expiry. Rolled down-and-out cash-secured put from 385 strike to 340 strike (there's a bit more volume support at that level and a lower entry price).
Will continue writing naked calls at the recent top (475ish) if MU continues to show weakness.
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