Hello everyone! Today i want to share some option strategies with you!
1.
$Cloudflare, Inc.(NET)$ The homie asked us about writing the 227 put strike on NET for this week.
NET just had earnings last week and pumped up to 250+. The 227 strike might hold up as NET would have to give up all its post-earnings gains to test that strike, and that probs won't happen unless the market gets a big sell-off.
Might actually take this trade as well. "Safer" strike to take would be in the 215-220 range where there is stronger volume support (the consolidation range).
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2.
Not sure how we want to trade $IREN Ltd(IREN)$ for earnings on Thursday. Expected move is between 16-17%.
Very strong volume support in that 15-20 range, but there isn't any premium that low. Not a lot of significant volume support levels between current price and the 20 level.
Will probs decide on a put-write trade closer to earnings day. Follow and stay tuned ...
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3.
What brave soul is going to write puts on $Trade Desk Inc.(TTD)$ for earnings on Thursday?!?!
Expected move is between 15-16%. TTD killed a lot of options-writers last earnings release.
Although expectations are probs low going into this earnings and a 30-40% drop is less likely, am still gonna approach this conservatively.
Looking at optionselling the Nov 7 expiration, put strikes in the 30-35 range.
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4.
$Archer Aviation Inc.(ACHR)$ announces earnings after the closing bell on Thursday. Expected move is ~11%.
Not happy with how ACHR has performed during this market pump. Very disappointing price action.
Probs won't play this. If we do though, it would be to write the Nov 7 or 14 expiration, $10 put strike for an optionselling trade.
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