SNOW Calender Spread for 547% Gain in 30 Days

Updated
SNOW Put Debit Calender Spread

1: Sell 1 Put for $ 125 for 01 Dec

2: Buy 1 Put for $ 125 for 15 Dec

Net Debit $ 1 (Delta and theta will work for us just wait and watch)
Note
In this scenario, the optimal stock price for the option strategy would be $125.00 on the date of the first expiration, December 1, 2023. This is equal to the strike price of the options in the spread. Since SNOW is in a technical downtrend currently, and the strikes are below the current stock price of $140.55, the spread is taking advantage of the stock's downward momentum. If the stock price is $125.00 at expiration, we can benefit from the 01-Dec-23 put, which we sold, expiring worthless, and the option that we are long, the 15-Dec-23 put, will still have time premium built in.
Note
Congrats! those who traded this 547% is in Pocket Now

Enjoy Printing $$$$$$$$
AMZNChart PatternsTechnical IndicatorsNVDASNOWTrend Analysis

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