Hello everyone! Today i want to share some option strategies with you!
1.
Institutional ownership continues to increase on $SoFi Technologies Inc.(SOFI)$ ... there is a reason why price action has been essentially muted while the stock market moves up. Tutes want those shares and are trying to shake out retail.
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2.
Check this out ... looks like a cup-n-handle forming on both the daily and weekly timeframes on $NEBIUS(NBIS)$ .
Interesting 😯
Added to long position today (shares). Also got a CSP in play, but might simply close that out and do a buy-write trade. Will be watching price action.
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3.
Taking these pre-earnings options-writing trades:
- $CrowdStrike Holdings, Inc.(CRWD)$ 400 and 410 put strikes, 575 call strike, June 6 expiry [naked strangle on the 410/575]
- $Dollar Tree(DLTR)$ 75 put strike, June 6 expiry [naked put]
4.
TS DEJA VU ‼️ Could this be the same optionselling trade as DG❓
$Dollar Tree(DLTR)$ and $Dollar General(DG)$ are similar in type of store. DLTR has earnings before market open tomorrow. DG already had earnings. Expected move for DLTR is similar to DG at ~8%. DLTR is trading around where DG was trading before earnings.
- Put-write around the 80 (or lower) strike, June 6 expiry
- Strangle with a call-write at the 115 strike, June 6 expiry [if one were to play a strangle] ... or, if it moves similar to DG, then the better play on the call side would be to buy calls
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