$BITO 20250124 20.0 PUT$ I sold a put option on BITO stock at a $20 strike price, strategically set below its short-term support level of $22. With President-elect Donald Trump signaling cryptocurrencies as a potential "national priority," market optimism may bolster Bitcoin-related assets, providing an opportunity to earn premium income while leveraging favorable policy sentiment.
$SPY VERTICAL 250214 CALL 620.0/CALL 615.0$ I am taking the view that SPY is overbought and there is less probability that SPY will make a new all time high in the coming weeks and crossing earning season. I may be wrong, but I think the expectations for the earning is high given that the prices has move up so much.
$INTU VERTICAL 250214 PUT 560.0/PUT 550.0$ In the daily chart, price looks to be at a support level and william%R is at the oversold region. The next support level looks to be around $555. So, I decided to open this bull put spread with the outlook that price to stay above $560 at expiry. This trade is before the earning announcement on 20 Feb. So, I can "safely" say that there is no earnings risk. Happy trading 😁