Hello everyone! Today i want to share some option strategies with you!
1.
Forgot to post this earlier. Sold covered calls on $Grab Holdings(GRAB)$ . May 2 expiry, $6 call strike. Total of $500 in premium.
Will roll down to 5.5 strike to capture more premium if GRAB does not show any signs of testing that level this week.
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2.
Executed this 0DTE $S&P 500(.SPX)$ put credit spread trade on that drop earlier today. Gonna let it expire worthless for max profit.
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3.
Who's playing $Spotify Technology S.A.(SPOT)$ for earnings? Expected move is around 10%. Am thinking of taking a strangle trade and writing the May 2 expiry, put strike in the 450-480 range and call strike at 750 or higher.
- strong volume support cluster in that 450-480 range
- volume point of control sits just below 470
- unfilled gap around 423
- ATH slightly above 650
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4.
$SoFi Technologies Inc.(SOFI)$ earnings are coming up on Tuesday before market open. Expected move is 11.5%.
A conservative optionselling trade would be to write the May 2 expiry 8.5 put & 18.5 call. Could also target the 9 put & 17 call strike.
A more aggressive options-write trade would be to sell the volume point-of-control at the 11 put strike and sell volume resistance at the 16 call strike.
SOFI gap-filled at 9 ... which probably never needed to happen, but the MMs took advantage of this severe market drop to artificially kill the stock that low.
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