Hello everyone! Today i want to share some option strategies with you!
1.
$ASML Holding NV(ASML)$ releases earnings this week on Wednesday before market open. Expected move is ~5%.
0.61 fib retracement level at 727 and 0.5 fib retracement level near 700. Volume point-of-control at 720.
Will be looking to write puts at the 720 level or lower down to 700, July 18 expiry. If we feel very conservative, then will take the 0.38 fib retracement level and write puts at the 670 strike (or around there).
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2.
$Datadog(DDOG)$ filled the gap from the S&P inclusion news. Looking for it to consolidate around current level and build a support base for the move back up to retest 155.
200EMA on the daily timeframe is at 121, and strong volume support and point-of-control just above 120 on the weekly timeframe going back over a year.
Note that earnings are coming up in a few weeks.
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