Option Strategies: FUBO, ADBE& ORCL

Hello everyone! Today i want to share some option strategies with you!

1.

Adobe & Restoration Hardware release earnings after the closing bell tomorrow. Here are our optionselling trades.

$Adobe(ADBE)$ had double-digit drops the past two earnings releases, and negative moves the past three earnings releases. Expected move is ~7%. You'd think that at some point they'll produce positive earnings results and have a post-earnings pump. Maybe this is that time.

Am targeting the 350 and 330 put strikes, June 13 expiry. Writing one contract each to manage buying power in portfolio.

$RH(RH)$ ... talk about a fall from grace! That said, maybe the fall has it at a good spot for a reversal. Volume cluster support seems to say so. Expected move is ~14%.

Am targeting the 140 put strike or lower, June 13 expiry. Writing one contract just in case RH dumps big. Don't want to have to manage a big position or take assignment of a lot of shares.

And, as always, might strangle the trades with naked calls. Strikes tbd, June 13 expiry.

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2.

Executed this strangle options-write trade on $Oracle(ORCL)$ a few minutes before market close. June 13 expiry.

- 150 put strike

- 225 call strike

Should be able to close out both legs tomorrow for profit. Highly doubt ORCL pumps to 225 or dumps to 150 based on earnings results. That said, still got the earnings call and guidance to go, so let's see what that does to the stock price in after-hours.

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3.

Some say that a cup-n-handle is forming on the $fuboTV Inc.(FUBO)$ daily chart. Would prefer to see a more rounded bottom on the daily candle formation to confirm the pattern.

What do you think ... do you think it truly is a cup-n-handle that has formed or are folks trying to fit the price action to this pattern?

Anyone loading a position or waiting it out to see if we get further downside?

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