AEHR: Very Strong Volume Support Around the 40 Level
Hello everyone! Today i want to share some option strategies with you!
$Aehr Test(AEHR)$ announces earnings after the closing bell tomorrow. Looks like the options chain ends at the 40 strike for puts on the July 17 expiration.
Am gonna either write the 40P straight up or write a 45/40 put credit spread.
Very strong volume support around the 40 level, with the volume cluster starting around 45. IV and expected move for earnings is elevated, and a 40% down move is not out of the question, but we're gonna bet the probability that it doesn't breach 40 by Friday's expiration.
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