Hello everyone! Today i want to share some option strategies with you!
1.
0DTE $S&P 500(.SPX)$ call credit spreads is definitely the way to go today! Might close these out and go more aggressive on the strikes to capture more premium.
Not even gonna touch the put side unless the market shows clear signs its done dropping.
Image
2.
$Abercrombie & Fitch(ANF)$ has earnings before market open tomorrow. Expected move is ~12%. Was gonna do a fancy analysis for this, but this one is simple.
- STO a strangle, March 7 expiration, 71P & 130C strikes (might have to go lower than 130 if there are no takers on the bid)
71 put strike is the lowest the option chain will go for this week's expiration, and the 131 level was a strong support level that was flipped and has now become the 200EMA ... so am betting it acts as a resistance level.
Image
Image
Follow me to learn more about analysis!!
Comments