Hello everyone! Today i want to share some option strategies with you!
1.
Not a lot of optionselling earnings plays for this upcoming week. In a way, it makes it easy to focus on a few trades since there are not a lot to pick from.
We are targeting the following:
- $GameStop(GME)$ 23P & 43C strangle
- $GitLab, Inc.(GTLB)$ 35P & 70C strangle
- $Chewy, Inc.(CHWY)$ put strike in the low 30s
- $RH(RH)$ 110P & 280C strangle
- $Adobe(ADBE)$ put strike tbd
- $Oracle(ORCL)$ put strike in the 135-140 range, and maybe the 220 call strike to make it a strangle
Strikes subject to change based on price action leading into earnings release. Also, might buy calls on some of these plays depending on data.
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