Option Strategies: TSLA, .SPX, HOOD& DDOG

Selling For Premium
02-13

Hello everyone! Today i want to share some trading strategies with you!

1.

$Reddit(RDDT)$ Did something slightly different and sold a 1:5 ratio credit spread on RDDT. Premiums were jacked on the call side. Put side didn't look as enticing, so avoided that ... good thing too. Plus, RDDT in the 200s made no sense ... hence why we took the call side of the trade and not the put side.

Wrote the 290/305 ratio credit spread. Netted just over $400 in profit on this trade. Will let it expire worthless for max profit.

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2.

$S&P 500(.SPX)$ Looks like our SPX iron condor trades are going to expire worthless for max profit! 🤑

First day in a while hitting over $1K in profit on a 0DTE SPX trade at conservative strikes. Love it when we get volatility at the open!

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3.

Good thing we trusted our gut and held the $350 strike puts through CPI this morning. Still have two more trading days to go this week, but if $Tesla Motors(TSLA)$ can hold in this 340-350 range by Friday close, then we will let these puts get assigned.

4.

Need to do some deeper analysis, but busy at work today and haven't been able to post detailed #Optionselling analysis like usual.

Am looking at the following for pre-earnings trades:

- $Datadog(DDOG)$ CSP at 120 put strike

- $Robinhood(HOOD)$ CSP at 45 put strike

- $Reddit(RDDT)$ naked call at 305 call strike (40% move from current spot seems unlikely)

Feb 14 expiry on all trades. Could also turn these trades into strangles to capture more premium.

Follow me to learn more about analysis!!

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