Option Strategies: ANF& .SPX

Selling For Premium
03-05

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.

ImageImage

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.

ImageImage

ImageImage

Follow me to learn more about analysis!!

Options Hub
Welcome to Tiger Options Hub! Here you may talk and learn about all things on options trading!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
3
3