Option Straregies: SOFI& GTLB

Selling For Premium

Hello everyone! I want to share some option strategies with you!

1.

$GitLab, Inc.(GTLB)$ has come back down into an optionselling area that interests us. We are looking to write cash-secured puts for premium capture primarily, but okay to accept assignment.

- Tapped that 40 handle which had been a bottom support level

- Basically filled the gap around 37

- Will be targeting the volume support level at 33 and the ATL at 26, expiry dates tbd but most likely 30-60+ DTE

Image

2.

$SoFi Technologies Inc.(SOFI)$ is back in a tempting area to write cash-secured puts or buy shares. We had the Apr 4th $9 strike put expire yesterday. Here is our #Optionselling game plan for next week.

1. Sell the Apr 25 expiry 7 or 7.5 strike put

- there is strong volume support down at that consolidation range

- that is a great spot to go long as fundamentals are not the cause for the big drop in the current price action

2. Buy-write long trade

- buy shares at market price

- write the April 25 expiry [covered] call at the 11 strike where there is larger volume resistance

Image

Open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.

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{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":421911817412992,"tweetId":"421911817412992","gmtCreate":1744013610838,"gmtModify":1744014601111,"author":{"id":10000000000010846,"idStr":"10000000000010846","authorId":10000000000010846,"authorIdStr":"10000000000010846","name":"Selling For Premium","avatar":"https://community-static.tradeup.com/news/6e71af8d806acf06bae64d5fa3e020c0","vip":8,"userType":8,"introduction":"。","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":765,"starInvestorFlag":false},"themes":[{"themeId":"6e1c80e1b0c649e4b4472938cebd4ac0","categoryId":"997e3653d17d4f86ac5ca7a2c649ef17","name":"Options Hub","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":6e1c80e1b0c649e4b4472938cebd4ac0}&rnconfig={\"headerBarHidden\": true}","description":"Welcome to Tiger Options Hub!\nHere you may talk and learn about all things on options trading!","image":"https://community-static.tradeup.com/news/ff0f1a617c615bc3d55c60d687ac808a"}],"images":[{"img":"https://community-static.tradeup.com/news/476b57fb5200de447f5fba587d14a0db","width":"1272","height":"959"},{"img":"https://community-static.tradeup.com/news/2a135c4da5c3eeddaf44cc39f49c10c0","width":"679","height":"511"},{"img":"https://community-static.tradeup.com/news/381b104429792cae7f67dc1120e2458d"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/476b57fb5200de447f5fba587d14a0db","width":"1272","height":"959"},{"img":"https://community-static.tradeup.com/news/2a135c4da5c3eeddaf44cc39f49c10c0","width":"679","height":"511"},{"img":"https://community-static.tradeup.com/news/381b104429792cae7f67dc1120e2458d"}],"title":"Option Straregies: SOFI& GTLB","html":"<html><head></head><body><p>Hello everyone! I want to share some option strategies with you!</p><p></p><p>1.</p><p> <a data-mention-id=\"GTLB\" class=\"teditor-mention\" data-mention-name=\"GitLab, Inc.\" href=\"https://ttm.financial/S/GTLB\">$GitLab, Inc.(GTLB)$</a> has come back down into an optionselling area that interests us. We are looking to write cash-secured puts for premium capture primarily, but okay to accept assignment.</p><p>- Tapped that 40 handle which had been a bottom support level</p><p>- Basically filled the gap around 37</p><p>- Will be targeting the volume support level at 33 and the ATL at 26, expiry dates tbd but most likely 30-60+ DTE</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/476b57fb5200de447f5fba587d14a0db\" tg-width=\"1272\" tg-height=\"959\"><span>Image</span></p><p>2.</p><p> <a data-mention-id=\"SOFI\" class=\"teditor-mention\" data-mention-name=\"SoFi Technologies Inc.\" href=\"https://ttm.financial/S/SOFI\">$SoFi Technologies Inc.(SOFI)$</a> is back in a tempting area to write cash-secured puts or buy shares. We had the Apr 4th $9 strike put expire yesterday. Here is our #Optionselling game plan for next week.</p><p>1. Sell the Apr 25 expiry 7 or 7.5 strike put</p><p>- there is strong volume support down at that consolidation range</p><p>- that is a great spot to go long as fundamentals are not the cause for the big drop in the current price action</p><p>2. Buy-write long trade</p><p>- buy shares at market price</p><p>- write the April 25 expiry [covered] call at the 11 strike where there is larger volume resistance</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/2a135c4da5c3eeddaf44cc39f49c10c0\" tg-width=\"679\" tg-height=\"511\"><span>Image</span></p><p><strong>Open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.</strong></p><p style=\"text-align: left;\">Other helpful links:</p><p style=\"text-align: left;\"><a href=\"https://ttm.financial/TW/367769452580952\" title=\"💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉\" target=\"_blank\" class=\"\">💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉</a></p><ul style=\"list-style-type: disc;\"><li><p style=\"text-align: left;\"><a href=\"https://www.itiger.com/sg/help/detail/06324754?_sasdk=fNDE0MTg2NzAwNTE0OTk2Mg\" title=\"How to open a CBA.\" target=\"_blank\" class=\"\">How to open a CBA.</a></p></li><li><p style=\"text-align: left;\"><a href=\"https://www.itiger.com/sg/help/detail/how-to-link-CDP?_sasdk=fNDE0MTg2NzAwNTE0OTk2Mg\" title=\"How to link your CDP account.\" target=\"_blank\" class=\"\">How to link your CDP account.</a></p></li><li><p style=\"text-align: left;\"><a href=\"https://www.itiger.com/sg/help/detail/contra-faq?_sasdk=fNDE0MTg2NzAwNTE0OTk2Mg\" title=\"Other FAQs on CBA.\" target=\"_blank\" class=\"\">Other FAQs on CBA.</a></p></li><li><p style=\"text-align: left;\"><a href=\"https://www.itiger.com/sg/invest/cash-boost\" title=\"Cash Boost Account Website.\" target=\"_blank\" class=\"\">Cash Boost Account Website.</a></p><p></p><p><img src=\"https://community-static.tradeup.com/news/381b104429792cae7f67dc1120e2458d\"></p></li></ul></body></html>","htmlText":"<html><head></head><body><p>Hello everyone! I want to share some option strategies with you!</p><p></p><p>1.</p><p> <a data-mention-id=\"GTLB\" class=\"teditor-mention\" data-mention-name=\"GitLab, Inc.\" href=\"https://ttm.financial/S/GTLB\">$GitLab, Inc.(GTLB)$</a> has come back down into an optionselling area that interests us. We are looking to write cash-secured puts for premium capture primarily, but okay to accept assignment.</p><p>- Tapped that 40 handle which had been a bottom support level</p><p>- Basically filled the gap around 37</p><p>- Will be targeting the volume support level at 33 and the ATL at 26, expiry dates tbd but most likely 30-60+ DTE</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/476b57fb5200de447f5fba587d14a0db\" tg-width=\"1272\" tg-height=\"959\"><span>Image</span></p><p>2.</p><p> <a data-mention-id=\"SOFI\" class=\"teditor-mention\" data-mention-name=\"SoFi Technologies Inc.\" href=\"https://ttm.financial/S/SOFI\">$SoFi Technologies Inc.(SOFI)$</a> is back in a tempting area to write cash-secured puts or buy shares. We had the Apr 4th $9 strike put expire yesterday. Here is our #Optionselling game plan for next week.</p><p>1. Sell the Apr 25 expiry 7 or 7.5 strike put</p><p>- there is strong volume support down at that consolidation range</p><p>- that is a great spot to go long as fundamentals are not the cause for the big drop in the current price action</p><p>2. Buy-write long trade</p><p>- buy shares at market price</p><p>- write the April 25 expiry [covered] call at the 11 strike where there is larger volume resistance</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/2a135c4da5c3eeddaf44cc39f49c10c0\" tg-width=\"679\" tg-height=\"511\"><span>Image</span></p><p><strong>Open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.</strong></p><p style=\"text-align: left;\">Other helpful links:</p><p style=\"text-align: left;\"><a href=\"https://ttm.financial/TW/367769452580952\" title=\"💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉\" target=\"_blank\" class=\"\">💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉</a></p><ul style=\"list-style-type: disc;\"><li><p style=\"text-align: left;\"><a href=\"https://www.itiger.com/sg/help/detail/06324754?_sasdk=fNDE0MTg2NzAwNTE0OTk2Mg\" title=\"How to open a CBA.\" target=\"_blank\" class=\"\">How to open a CBA.</a></p></li><li><p style=\"text-align: left;\"><a href=\"https://www.itiger.com/sg/help/detail/how-to-link-CDP?_sasdk=fNDE0MTg2NzAwNTE0OTk2Mg\" title=\"How to link your CDP account.\" target=\"_blank\" class=\"\">How to link your CDP account.</a></p></li><li><p style=\"text-align: left;\"><a href=\"https://www.itiger.com/sg/help/detail/contra-faq?_sasdk=fNDE0MTg2NzAwNTE0OTk2Mg\" title=\"Other FAQs on CBA.\" target=\"_blank\" class=\"\">Other FAQs on CBA.</a></p></li><li><p style=\"text-align: left;\"><a href=\"https://www.itiger.com/sg/invest/cash-boost\" title=\"Cash Boost Account Website.\" target=\"_blank\" class=\"\">Cash Boost Account Website.</a></p><p></p><p><img src=\"https://community-static.tradeup.com/news/381b104429792cae7f67dc1120e2458d\"></p></li></ul></body></html>","text":"Hello everyone! I want to share some option strategies with you! 1. $GitLab, Inc.(GTLB)$ has come back down into an optionselling area that interests us. We are looking to write cash-secured puts for premium capture primarily, but okay to accept assignment. - Tapped that 40 handle which had been a bottom support level - Basically filled the gap around 37 - Will be targeting the volume support level at 33 and the ATL at 26, expiry dates tbd but most likely 30-60+ DTE Image 2. $SoFi Technologies Inc.(SOFI)$ is back in a tempting area to write cash-secured puts or buy shares. We had the Apr 4th $9 strike put expire yesterday. Here is our #Optionselling game plan for next week. 1. Sell the Apr 25 expiry 7 or 7.5 strike put - there is strong volume support down at that consolidation range - that is a great spot to go long as fundamentals are not the cause for the big drop in the current price action 2. Buy-write long trade - buy shares at market price - write the April 25 expiry [covered] call at the 11 strike where there is larger volume resistance Image Open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here. Other helpful links: 💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉 How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.","highlighted":1,"essential":1,"paper":2,"likeSize":24,"commentSize":0,"repostSize":2,"favoriteSize":0,"link":"https://ttm.financial/post/421911817412992","repostId":0,"isVote":1,"tweetType":1,"viewCount":465,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["GTLB","SOFI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":1172,"optionInvolvedFlag":true,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/421911817412992"}