Option Strategies: ANET& GRAB

Selling For Premium
02-18

1.

Got $Arista Networks(ANET)$ releasing earnings results this week. Expected move is ~10%. Am looking at the following trades.

To pick up shares (potentially get assigned a position):

▫️ Sell-to-open the 92.5P or 95P, Feb 21 expiry

Strangle for premium capture only:

▫️ Sell-to-open 84P and 140C, Feb 21 expiry

Directional bet to upside:

▫️ Sell-to-open the 92.5P or 95P to finance a call spread, Feb 21 or Feb 28 expiry

▫️ Buy-to-open the 155/120 call debit spread, Feb 21 or 28 expiry

Directional bet to downside:

▫️ Sell-to-open the 135C, Feb 21 expiry

▫️ Buy-to-open the 95/90 put debit spread, Feb 21 or 28 expiry

▫️ Could turn this into a credit put ratio spread and sell the 85P contracts to further offset the debit (but need to be okay with assignment at 85)

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2.

What's more entertaining than seeing all these $Grab Holdings(GRAB)$ posts over the weekend?

Watching all the die-hard MAGA supporters bothered by the SNL skit with Tom Hanks.

Geez ... lighten up ... its comedy. I'm sure if the skit was about the "libtards" ya'll wouldn't be in an uproar like this. If you can't take it, then don't dish it!

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