Hello everyone! Today i want to share some option strategies with you!
1
$Carnival(CCL)$ announces earnings before the opening bell tomorrow (Friday). Expected move is 6%. Strong volume cluster in that 15-19 range, with point-of-control near 15.
Am looking for a put-write trade to play earnings, April 17 expiry, targeting a strike in that volume cluster.
2
Anyone taking an #Optionselling trade on $BitGo Holdings, Inc.(BTGO)$ to play earnings? As with so many IPOs, this stock has come down so much from the IPO pump.
Not sure how to play this one. Expected move is ~21%. Premiums are confined to a small range for the April 17 expiry.
Was thinking of rolling the 🎲 by writing a strangle on the $7.5 put (cash-secured) & $15 call (naked).
From spot price, there is a big volume gap above between 16-20, but highly doubt it fills that gap by the Apr 17 expiration. And then down below, its no man's land ... no price or volume support. Price discovery could be brutal if it dumps.
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