SNOW Snowflake Options Ahead of EarningsIf you haven`t sold SNOW on this Head and Shoulders Bearish Chart pattern, on Disappointing Growth Forecast:
or reentered here, ahead of earnings:
Then analyzing the options chain and the chart patterns of SNOW Snowflake prior to the earnings report this week,
I would consider purchasing the 145usd strike price Puts with
an expiration date of 2023-8-25,
for a premium of approximately $7.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Calloptions
URBN Urban Outfitters Options Ahead of EarningsAnalyzing the options chain and the chart patterns of URBN Urban Outfitters prior to the earnings report this week,
I would consider purchasing the 35usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $2.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
WOLF Wolfspeed Options Ahead of EarningsAnalyzing the options chain and the chart patterns of WOLF Wolfspeed prior to the earnings report this week,
I would consider purchasing the 45usd strike price Puts with
an expiration date of 2023-11-17,
for a premium of approximately $3.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
A Agilent Technologies Options Ahead of EarningsAnalyzing the options chain and the chart patterns of A Agilent Technologies prior to the earnings report this week,
I would consider purchasing the 125usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $3.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
UA Under Armour Options Ahead of EarningsAnalyzing the options chain and the chart patterns of UA Under Armour prior to the earnings report this week,
I would consider purchasing the 10usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $0.27.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
PYPL PayPal Holdings Options Ahead of EarningsIf you haven`t sold when ARK did:
or when the CFO left for WMT:
or reentered this dip:
Then analyzing the options chain and the chart patterns of CAT Caterpillar prior to the earnings report this week,
I would consider purchasing the 73usd strike price at the money Calls with
an expiration date of 2023-8-25,
for a premium of approximately $4.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
K Kellogg Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of K Kellogg Company prior to the earnings report this week,
I would consider purchasing the $67.50 strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $3.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ET Energy Transfer Options Ahead of EarningsIf you haven`t seen this pattern play out:
Then analyzing the options chain and the chart patterns of ET Energy Transfer prior to the earnings report this week,
I would consider purchasing the 15usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $0.17.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
TFC Truist Financial Corporation Options Ahead of EarningsIf you haven`t sold TFC here:
Then analyzing the options chain of TFC Truist Financial Corporation prior to the earnings report this week,
I would consider purchasing the 34usd strike price Calls with
an expiration date of 2023-7-28,
for a premium of approximately $1.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
IBM Options Ahead of EarningsIf you haven`t sold IBM here:
Then analyzing the options chain of IBM International Business Machines Corporation prior to the earnings report this week,
I would consider purchasing the 135usd strike price Puts with
an expiration date of 10/20/2023,
for a premium of approximately $4.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
STT State Street Corporation Options Ahead of EarningsAnalyzing the options chain of STT State Street Corporation prior to the earnings report this week,
I would consider purchasing the 75usd strike price Puts with
an expiration date of 7/21/2023,
for a premium of approximately $1.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
NKE NIKE Options Ahead of EarningsIf you haven`t sold NKE here:
or reentered here:
Then you should know that NKE is currently trading at $109.52, and based on the following analyst ratings, there is a slightly bullish sentiment surrounding the stock.
Barclays has maintained a Buy rating on Nike, setting a price target of $127.00.
Additionally, Goldman Sachs also maintained a Buy rating on the stock, with a higher price target of $144.00.
Furthermore, Wedbush recently raised NIKE's Q4 2023 earnings estimates to $0.73 EPS, indicating positive growth compared to the previous estimate of $0.69.
These analyst ratings and revised earnings estimates suggest a slightly positive outlook for NKE.
Now Analyzing the options chain of NKE NIKE prior to the earnings report this week,
I would consider purchasing the 110usd strike price Calls with
an expiration date of 9/15/2023,
for a premium of approximately $6.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ASTL Algoma Steel Group Options Ahead of EarningsAnalyzing the options chain of ASTL Algoma Steel Group prior to the earnings report this week,
I would consider purchasing the 7.50usd strike price in the money Calls with
an expiration date of 2023-8-18,
for a premium of approximately $0.77.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
📊 Exploring Basic Options StrategiesOptions are contracts that grant buyers the right, but not the obligation, to buy or sell a security at a predetermined price in the future. Buyers pay a premium for this privilege. If market conditions are unfavorable, option holders can let the option expire without exercising it, limiting potential losses to the premium paid. Options are categorized as "call" or "put" contracts, allowing buyers to purchase or sell the underlying asset at a specified price. Beginner investors can employ various strategies using calls or puts to manage risk, including directional bets and hedging techniques.
🔹 Buying Calls (Long Calls)
Trading options offers advantages for those who want to make a directional bet in the market. It allows traders to buy call options, which require less capital than purchasing the underlying asset, and limits losses to the premium paid if the price goes down. This strategy is suitable for traders who are confident about a specific stock, ETF, or index fund and want to manage risk. Additionally, options provide leverage, enabling traders to amplify potential gains by using smaller amounts of capital compared to trading the underlying asset directly. For example, instead of investing $10,000 to buy 100 shares of a $100 stock, traders can spend $2,000 on a call contract with a strike price 10% higher than the current market price.
🔹 Buying Puts (Long Puts)
Put options provide the holder with the right to sell the underlying asset at a predetermined price before the contract expires. This strategy is favored by traders who hold a bearish view on a specific stock, ETF, or index but want to limit their risk compared to short-selling. It also allows traders to utilize leverage to capitalize on declining prices. Unlike call options that benefit from price increases, put options increase in value as the underlying asset's price decreases. While short-selling also profits from price declines, the risk is unlimited as prices can theoretically rise infinitely. In contrast, if the underlying asset's price exceeds the strike price of a put option, the option simply expires without value.
🔹 Covered Calls
A covered call strategy involves selling a call option on an existing long position in the underlying asset. This approach is different from simply buying a call or put option. Traders who use covered calls expect little or no change in the underlying asset's price and want to collect the option premium as income. They are willing to limit the upside potential of their position in exchange for some downside protection.
🔹 Risk/Reward
A long straddle strategy involves purchasing both a call option and a put option simultaneously. While the cost of a long straddle is higher than buying either a call or put option alone, the maximum potential loss is limited to the amount paid for the straddle. On the other hand, the potential reward is theoretically unlimited on the upside. However, the downside is capped at the strike price. For example, if you own a $20 straddle and the stock price drops to zero, the maximum profit you can make is $20.
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NVDA - MyMI Options PlaysWe sold our NVDA PUTs that we were carrying since last Friday and purchased 2 separate Calls on 2 different Expiration Dates with the intention of selling the shorter timeframe sooner and using the profits for reversals while the longer-term option played out.
I expect this to at least retest the $395 Levels if not $404 by the end of next week if not tomorrow.
Due to time decay over the weekend, will have to consider if the profits obtained by the end of the trading session tomorrow (Friday 6/8/23) is worth losing the money over the weekend waiting game + any external variables that may cause the stock's current trend to shift/deviate.
COST Costco Wholesale Corporation Options Ahead Of EarningsIf you haven`t sold COST Costco Wholesale Corporation here:
Then Analyzing the options chain of COST Costco prior to the earnings report this week,
I would consider purchasing the 495usd strike price Calls with
an expiration date of 2023-5-26,
for a premium of approximately $9.00
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
MyMI Option Trades - TMO Potential CallsTMO just bounced off of their strongest Support Level since July 2021 which was once the stock's strongest resistance level. Once the stock surpassed that July 2021 Resistance Level, it quickly continued to ride to its All-Time Highs of $672.34.
Looking for potential long-term options on this as it's also at the bottom of its upward trend level that was formed since that July 2021 Breakout.
TEVA Pharmaceutical Options Ahead of EarningsAnalyzing the options chain of TEVA Pharmaceutical prior to the earnings report this week,
I would consider purchasing the 10usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $0.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
W Wayfair Options Ahead of EarningsAnalyzing the options chain of W Wayfair prior to the earnings report this week,
I would consider purchasing the 35usd strike price Puts with
an expiration date of 2023-5-19,
for a premium of approximately $3.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
PNC The PNC Financial Services Group Options Ahead Of EarningsLooking at the PNC The PNC Financial Services Group options chain ahead of earnings , I would buy the HKEX:130 strike price Calls with
2023-6-16 expiration date for about
$4.80 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
T AT&T Options Ahead of EarningsIf you haven`t sold T AT&T here:
Then analyzing the options chain of T AT&T prior to the earnings report this week, I would consider purchasing
Calls with a 20usd strike price and an expiration date of 2023-4-21, for a premium of approximately $0.38.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.