This Bulk Order Beats Me
Next week earnings options strategy layout: Apple, Intel, Meta, Google, Amazon
Add a message from Tesla$Tesla Motors(TSLA)$ . This morning, I saw that the call spread strategy exercise price was raised to 1095-1100. I was very confused. Then Tesla announced the resumption of production at its Gigafactory in Shanghai, which was really good news.
Another point I forgot to mention yesterday is that earnings season measures positioning first and direction second. For uncertain events, how much to buy is more important than what to buy, and beware of blowouts.
$Apple(AAPL)$
I'm not a big fan of apple option moves. Because of the high volume and high hedging demand, there is no obvious direction hint. But here's a real twist worth discussing today:
Turnover of 25,000 lots each. For the time being, this strategy has only two legs, as there are no other expiration strike options with an equal number of trades. This is very confusing. What do you think in the comments section?
$Intel(INTC)$
Yesterday's big options order made my heart sink.$INTC 20230120 30.0 PUT$ $INTC 20230120 22.5 PUT$ The strike price is too low.
The premium is too low to allow a long sell leaps put, more like a long buy put for protection.
$Meta Platforms, Inc.(FB)$
FB doesn't even have to look at fundamentals. The trading idea is simple and direct: there is too much pressure on the opening gap of the last financial report, and it cannot rise above 240. Sell call：$FB 20220520 240.0 CALL$
Google & Amazon
One is the lower sell put and one is the upper call spread strategy. Can't go down and can't go up. That's the key tone of this earnings season: pressure from above.
Sell put:
| Ticker symbol | Annualized income | Expiration date | strike price | Premium |
| $AAPL 20220429 155.0 PUT$ | 25% | 2022/4/29 | 155 | 1.24 |
| $NVDA 20220429 190.0 PUT$ | 23% | 2022/4/29 | 190 | 1.57 |
| $MSFT 20220422 265.0 PUT$ | 6% | 2022/4/29 | 265 | 0.5 |
| $AMD 20220429 85.0 PUT$ | 33% | 2022/4/29 | 85 | 0.95 |
The first three companies are the same as yesterday, and combined with the option move, I added AMD back.
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Nice nice nice