Option Strategies: TSM& NFLX

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

$Netflix(NFLX)$ 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.

$Taiwan Semiconductor Manufacturing(TSM)$ 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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Netflix 9% After Hours: Dip to Buy or Growth Crack?

Netflix dropped more than 9% after hours even though Q1 revenue rose 16% to $12.25B and EPS came in at $1.23. The problem was forward guidance: Q2 revenue was guided to $12.57B and EPS to $0.78, both below Wall Street expectations. Reuters also reported Reed Hastings is stepping down from the board in June. So what is the market really pricing here — one soft quarter, or a bigger slowdown in the Netflix story? Is this just a post-earnings shakeout, or the first sign growth is getting harder to defend?

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Option Strategies: TSM& NFLX

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