Hello everyone! Today i want to share some option strategies with you!
1.
$GitLab, Inc.(GTLB)$ has earnings tomorrow after market close. Expected move is ~13% .
We want shares of GTLB and will be #Optionselling a DCA-laddered approach on CSPs.
- 38 put strike, June 13 expiry
- 37.5 put strike, June 20 expiry
- 35 put strike, June 20 expiry
Will roll strikes down-and-out if GTLB drops and it looks like we can get better entry for assignment.
Am also looking at buying a call debit spread and/or strangling the trade by writing naked calls at the 70 call strike June 13 expiry.
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2.
Speaking of optionselling ITM puts on $Tesla Motors(TSLA)$ ... took this trade today. Wrote the June 13 expiry $307.5 strike puts.
Held the position and will be watching what price action does tomorrow. The goal is premium capture for profit, but wouldn't be opposed to assignment if TSLA looks like its bottoming and consolidating around this 295-310 range.
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