Option Strategies: CHYM& DDOG

Selling For Premium
07-20

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

1.

$Chime Financial, Inc.(CHYM)$ position is profitable. 🤑

- Will close the 30P and look to write the 25P or 30P for August 15 expiry. Might wait to see what price action does heading into earnings week before taking that put-write trade.

- Will let the naked calls expire worthless and write naked calls on the Aug 15 expiry after earnings ... although ... writing the 55C seems like a "safe" bet before earnings.

The $30 level has proven to be strong support for now. Tutes are defending that 27 IPO price.

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2.

Looks like $Datadog(DDOG)$ did not want to consolidate. Filled that gap and bounced.

Gonna write a CSP at the $135 put strike, July 25 exp.

Note that earnings are coming up in a few weeks.

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