Option Strategies: TSM& NFLX
Hello everyone! Today i want to share some option strategies with you!
1
$Netflix(NFLX)$ announces earnings after the closing bell on Thursday this week. Expected move is ~6%.
Am targeting put-write trades in the 75-85 strike range ... playing the recent bottom to the gap fill level. Expiration dates from Apr 24 to May 15.
Might also strangle the trade with a naked call strike at 120 or higher, Apr 10 expiration.
2
$Taiwan Semiconductor Manufacturing(TSM)$ announces earnings before the opening bell on Thursday this week. Expected move is between 5-6%.
Gonna write a put ladder targeting the following strikes (varied expiration dates):
- 300 & 290 (at volume point-of-control for the timeframe selected in the chart)
- 270 (below 200EMA at a previous bottom area)
- 240 (another volume support shelf)
We already have a long position, but would like to add to it at the 200EMA or lower. If TSM dumps a lot post-earnings, then we might add to our CSP position in order to capture more premium and DCA in at lower strikes.
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