Hello everyone! Today i want to share some option strategies with you!
1.
$Alphabet(GOOGL)$ releases earnings after the close. Expected move is ~6%. Looking at a few pptionselling trades today.
- put ladder at 120, 130, and 140 strikes
- covered and naked calls at 165 or higher strike
Volume point-of-control and support is at 140. Overhead resistance looks to be at 168.
Gamma exposure (as of today, subject to change tomorrow) shows a put wall at 140 and a high-level of call gamma at 165.
We also have shares and longer-dated covered calls at the 200 strike. Might take off the covered calls and will hold shares thru earnings.
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