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RBLX Roblox Corporation Options Ahead of EarningsIf you haven`t bought the dip on RBLX before the previous earnings: Then analyzing the options chain and the chart patterns of RBLX Roblox Corporation prior to the earnings report this week, I would consider purchasing the $42.5usd strike price Calls with an expiration date of 2024-3-15, for a premium of approximately $2.79. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:RBLXLong
by TopgOptions
📊 Earnings Edge: Diagonal Debit Dynamics - #2 Trade in 20242024 Trading Challenge Entry #2: Diary of an Option Trader 💡 Trade Overview: I noticed LLY soaring on the TradingView stock heatmap today. Observing the monthly chart of AMEX:XLE (healthcare sector), it has been mostly sideways for years. However, in the past two days, NYSE:LLY has demonstrated strong bullish movement with increasing volume, indicating a potential uptrend. I strategized to profit from a possible breakout or continued trend within an ascending triangle pattern. 📊 Option Strategy choice: Given the high IVR of 42 and an upcoming earnings report on February 6th before market, I anticipate further price rise. I pondered various strategies: Single leg call: Not preferable due to increasing breakeven with time. Naked put/credit vertical spread: Not ideal close to earnings, expecting IVR increase. OTM calendar: Avoided due to back month’s illiquidity. ATM calendar: Lower upper breakeven point was a concern. Noticing that IV was higher for the front-month compared to the back-month, likely due to the nearing earnings, I decided a diagonal put debit strategy was ideal to allow significant upside potential while benefiting from minor retracements as time progresses and speculating on an IVR increase. 📊 Diagonal put debit Position Legs: Chosen structure and execution details: Buy LLY Mar 15, 2024, 600.00 PUT at 27.48 (Quantity: 1) Sell LLY Feb 16, 2024, 610.00 PUT at 26.57 (Quantity: 1) Trade Details & Key Metrics: Symbol : LLY Date/Time : 2024-01-03 15:00 POP : 54% Required Buying Power ( Req.BP ): $1090 IVR : 44 Price : buying for $0.91 debit Front month leg : February 16 @610 x 1 PUT Back month leg : March 15 @600 x -1 PUT 📈 My Risk Tolerance: For the 2024 trading challenge (goal: FWB:12K to $30k), I’m limiting floating losses to 1.5% per position, thus not tolerating more than a $175 loss. This threshold is approximately around a 590 strike price. While I’m comfortable with a considerable upside range, the upper breakeven at front month expiration is around a 711 strike, increasing to 760 at 21 DTE. 🎯 My Profit Target: I’m aiming for about 2x the allowed loss, approximately around $300, but will consider taking profits if the price approaches the optimal equity curve point near a 650 strike. Realizing profits is always the more gratifying part of trading! ANYWAY: HIT THE 🚀 BUTTON ABOVE! This trade is part of my 2024 option trading challenge , where I aim to turn a 12k account above $30K 💰 (details in signature and my profile page) .
NYSE:LLYLong
by TanukiTrade
PTON Peloton Interactive Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PTON Peloton Interactive prior to the earnings report this week, I would consider purchasing the 8usd strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $1.45. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. PTON might be a buyout this year. From one of these giants: AAPL, AMZN or NKE!
NASDAQ:PTONLong
by TopgOptions
💡 $357 profit with 72% PoP STRANGLE - #1 trade in my challangeTrade Overview: Initiated my first options trade for the annual challenge on January 2nd with an IWM strangle. Observing high IVR in the index, I capitalized on the recent VIX spike to enter the 45DTE 212/188 strangle for 3.57cr. Trade Management: Rolling Strategy: Will roll legs as needed before expiration if price diverges. Loss Management: With a FWB:12K account, I'm capping floating loss at $200. Closing Strategy: Targeting to close around 21DTE. Trade Details: Symbol: IWM Option Type: Strangle 45DTE Entry Date: January 2, 2024 Entry Price: 3.57cr Required BP: $1681 Max Profit: $357 (20% of capital) PoP: 72% Positions: IWM Feb 16, 2024 212.00 CALL - Sell | Price: 1.76 | Qty: 1 | R. PnL: 0 | Commission: 1.251 | Fees: 0 IWM Feb 16, 2024 188.00 PUT - Sell | Price: 1.81 | Qty: 1 | R. PnL: 0 | Commission: 1.2511 | Fees: 0 Key Metrics: Tasty IVR: 42 (High) Breakevens: 184/215
AMEX:IWM
by TanukiTrade
ABT Abbott Laboratories Options Ahead of EarningsIf you haven`t sold the regional top on ABT: Nor reentered this fantastic dip: Then analyzing the options chain and the chart patterns of ABT Abbott Laboratories prior to the earnings report this week, I would consider purchasing the 115usd strike price at the money Calls with an expiration date of 2024-2-16, for a premium of approximately $2.26. The chart is overextended and the RSI overbought, but I think there is one more leg to go before a correction. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:ABTLong
by TopgOptions
1
PLAY Dave & Buster's Entertainment Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PLAY Dave & Buster's Entertainment prior to the earnings report this week, I would consider purchasing the 43usd strike price at the money Puts with an expiration date of 2023-12-15, for a premium of approximately $2.28. 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.
NASDAQ:PLAYShort
by TopgOptions
SFIX Stitch Fix Options Ahead of EarningsIf you haven`t sold SFIX after the disappointing earrings: or ahead of the previous earnings: Then analyzing the options chain and the chart patterns of SFIX Stitch Fix prior to the earnings report this week, I would consider purchasing the 4.50usd strike price Calls with an expiration date of 2023-12-15, 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.
NASDAQ:SFIXLong
by TopgOptions
GME GameStop Options Ahead of EarningsIf you haven`t sold GME before the previous earnings: Then analyzing the options chain and the chart patterns of GME GameStop prior to the earnings report this week, I would consider purchasing the 15usd strike price at the money Calls with an expiration date of 2024-1-19, for a premium of approximately $2.63. 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.
NYSE:GMELong
by TopgOptions
84% PoP - Playing the Oil Prices with /MCL Futures $USO $CL I've decided to make a play on the oil prices and chose /MCL futures for this venture. The trade required a BP (buying power) of $600, with a maximum profit potential of 1.07cr. This sets up a favorable risk-reward ratio of 1:6. The IVR (Implied Volatility Rank) stands at 51, which is advantageous for the credit strategies I prefer. With a PoP (Probability of Profit) of 84%, the conditions seem ideal for the 34 days duration I've set for selling the 70 put leg. I opened an semi-bullish position with a put short on the January expiry /MCL futures. My expectation is that the oil prices will either not fall too rapidly or will actually rise. For future management of this position, I have two scenarios in mind: If the Oil Continues to Fall Strongly: In case the oil continues its strong downtrend, I plan to sell a call leg on top, transforming the position into a strangle from the current naked put. If the fall is steep, or I fear that the break-even point of $69 might be breached, I'll hedge my risk by purchasing a put around the 60 strike, turning it into a credit spread and wait for the 21 DTE (Days to Expiry). Stagnant or Slight Rebound in Oil Prices: If the oil price doesn't move much or rebounds slightly, I'll quickly close my position for a profit. The target? About 50% of the original credit received for writing the put, which amounts to roughly $50. This would mean a 10% return on my utilized capital, which I find quite satisfactory. In summary, this strategic move in oil futures trading is well-aligned with my risk appetite and trading preferences, providing a good balance between risk management and profit potential.
NYMEX:MCLF2024Long
by TanukiTrade
Option TradingOption Trading work based on a contract that gives the buyer the right to buy or sell a certain asset, at a predetermined price (strike price) within a certain time period. A very simple task, but is there a clear technical analysis method that can provide consecutive wins? This post is not trading advice, just a statistical hypothesis test. I will try in 100 candles, and stop if the win rate is below 70% If you are an options trader, or are interested in learning the system I use, please follow this post.
BITFINEX:ETHUSDEducation
by AzrulAzir
INTU Intuit Options Ahead of EarningsIf you haven't bought INTU ahead of the previous earnings: Then analyzing the options chain and the chart patterns of INTU Intuit prior to the earnings report this week, I would consider purchasing the 560usd strike price Puts with an expiration date of 2023-12-1, for a premium of approximately $11.50. 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.
NASDAQ:INTUShort
by TopgOptions
ADSK Autodesk Options Ahead of EarningsIf you haven`t bought ADSK ahead of the previous earnings: Then analyzing the options chain and the chart patterns of ADSK Autodesk prior to the earnings report this week, I would consider purchasing the 210usd strike price Puts with an expiration date of 2023-11-24, for a premium of approximately $4.00. 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.
NASDAQ:ADSKShort
by TopgOptions