Option Strategies: CRM& SNOW
Hello everyone! Today i want to share some trading strategies with you!
1.
$Snowflake(SNOW)$ announces earnings after the closing bell on Wednesday. Expected move is ~9%.
So many gaps in the daily chart. Might write puts at those gaps ... 200, 185, and 160 strikes, laddering expirations in Dec.
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2.
$Salesforce.com(CRM)$ announces earnings after the closing bell on Wednesday. Expected move is ~7%.
Am thinking of writing a put ladder to play earnings, targeting that 185-210 zone.
- STO Dec 5 expiry, 190 or 210 put strike
- STO Dec 12 expiry, 200 put strike
- STO Dec 19 expiry, 190 or 210 put strike
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