FDX FedEx Corporation Options Ahead of EarningsIf you haven`t bought FDX ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of FDX FedEx Corporation prior to the earnings report this week,
I would consider purchasing the 250usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $16.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Optionsplay
WULF TeraWulf Options Ahead of EarningsAnalyzing the options chain and the chart patterns of WULF TeraWulf prior to the earnings report this week,
I would consider purchasing the 3usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $0.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
LULU Lululemon Athletica Options Ahead of EarningsIf you haven`t bought LULU before the previous earnings:
Then analyzing the options chain and the chart patterns of LULU Lululemon Athletica prior to the earnings report this week,
I would consider purchasing the 470usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $39.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SIGA Technologies Options Ahead of EarningsAnalyzing the options chain and the chart patterns of SIGA Technologies prior to the earnings report this week,
I would consider purchasing the 5usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $0.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NCLH Norwegian Cruise Line Holdings Options Ahead of EarningsAnalyzing the options chain and the chart patterns of NCLH Norwegian Cruise Line Holdings prior to the earnings report this week,
I would consider purchasing the 16.50usd strike price Calls with
an expiration date of 2024-3-28,
for a premium of approximately $1.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GRPN Groupon Options Ahead of EarningsIf you haven`t bought GRPN before the previous earnings:
Then analyzing the options chain and the chart patterns of GRPN Groupon prior to the earnings report this week,
I would consider purchasing the 16usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $4.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
KR Kroger Options Ahead of EarningsIf you haven`t bought the dip on KR:
nor sold before the previous earnings:
Then analyzing the options chain and the chart patterns of KR Kroger prior to the earnings report this week,
I would consider purchasing the 50usd strike price Puts with
an expiration date of 2024-4-19,
for a premium of approximately $2.01.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CRM Salesforce Options Ahead of EarningsIf you haven`t bought CRM ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of CRM Salesforce prior to the earnings report this week,
I would consider purchasing the 280usd strike price Puts with
an expiration date of 2024-3-1,
for a premium of approximately $5.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SNOW Snowflake Options Ahead of EarningsIf you haven`t bought the dip on SNOW:
Then analyzing the options chain and the chart patterns of SNOW Snowflake prior to the earnings report this week,
I would consider purchasing the 230usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $22.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GASS StealthGas Options Ahead of EarningsIf you haven`t bought the Double Bottom on GASS:
Then analyzing the options chain and the chart patterns of GASS StealthGas prior to the earnings report this week,
I would consider purchasing the 7.5usd strike price Puts with
an expiration date of 2024-3-15,
for a premium of approximately $0.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ABNB Airbnb Options Ahead of EarningsIf you haven`t sold ABNB on this valuation thesis:
Then analyzing the options chain and the chart patterns of ABNB Airbnb prior to the earnings report this week,
I would consider purchasing the 150usd strike price in the money Puts with
an expiration date of 2024-2-16,
for a premium of approximately $7.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
UPWK Upwork Options Ahead of EarningsIf you haven`t bought UPWK ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of UPWK Upwork prior to the earnings report this week,
I would consider purchasing the 12.5usd strike price in the money Calls with
an expiration date of 2024-3-15,
for a premium of approximately $2.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
PYPL PayPal Holdings Options Ahead of EarningsPYPL had some events in the past 2 years that determined its price action.
Went down after its CFO left for Walmart:
Had a technical rebound buy opportunity after reaching the 2017 support:
and determined a lot of users leaving their platform after announcing a $2.5K fine for spreading misinformation:
Now analyzing the options chain and the chart patterns of PYPL PayPal Holdings prior to the earnings report this week,
I would consider purchasing the 60usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $8.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
PURPLE (PRPL) may be in the process of reversal.PURPLE, yes the mattress company, has bee getting hammered for a while now. Their stock price was mile higher than it is now, but it looks like the bottom may just be in. And, it's gone down so much, compared to what it used to be, that the risk involved in investing, or trading it has decreased as well. Keep in mind that this company is extremely subject to interest rates, and interest hikes/cuts.
This would probably be a good play for some mid to longer term options plays. Just make sure there's open interest in the strike if you do buy one, as liquidity is key to options trading.
Good luck, and always use a stop.
TEAM Atlassian Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of TEAM Atlassian Corporation prior to the earnings report this week,
I would consider purchasing the 237.50 usd strike price Puts with
an expiration date of 2024-2-2,
for a premium of approximately $5.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
📊 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) .
INTC Intel Corporation Options Ahead of EarningsIf you haven`t bought the Double Bottom Pattern of INTC:
Then analyzing the options chain and the chart patterns of INTC Intel Corporation prior to the earnings report this week,
I would consider purchasing the 48usd strike price at the money Calls with
an expiration date of 2024-1-26,
for a premium of approximately $1.86.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
FHN First Horizon Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of FHN First Horizon Corporation prior to the earnings report this week,
I would consider purchasing the 14usd strike price at the money Calls with
an expiration date of 2024-2-16,
for a premium of approximately $0.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ACI Albertsons Companies Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ACI Albertsons Companies prior to the earnings report this week,
I would consider purchasing the 23usd strike price at the money Calls with
an expiration date of 2024-2-16,
for a premium of approximately $0.92.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
WDFC WD-40 Company Options Ahead of EarningsIf you haven`t sold WDFC prior to previous earnings:
Then analyzing the options chain and the chart patterns of WDFC WD-40 Company prior to the earnings report this week,
I would consider purchasing the 230usd strike price the money Puts with
an expiration date of 2024-1-19,
for a premium of approximately $7.55.
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.
Beat the Market: How I Strangled $SAVE for Maximum Gains
Technical Summary:
Strategy: Strangle on SAVE stock
Initial Credit: $133 (before commissions and fees)
Maximum Profit: $120
Required Buying Power (req. bp.): $260 for 39 days
Probability of Profit (POP): 85%
IV Rank (IVR): Over 94 post-earnings
Break-even points: Favorably distant due to high IVR
Management opportunities: Anticipated rich rolling options in future
Trade Details (2023-11-06):
Call Sold: 1x SAVE 12/15/23 Call @ $0.80, Strike $15.00
Put Sold: 1x SAVE 12/15/23 Put @ $0.53, Strike $7.50
Commissions and Fees: Minor, deducted from the initial credit
Alright, it's Greg, the TanukiTrader, here to give you the rundown on today's options trading escapades. I took a dive into SAVE stocks which, amidst the earnings aftermath, boasted an IV Rank over 94 due to the hefty market plunge. In the tempest of the airlines' current headwinds, staying cool was the game, and I laid out a strangle to exploit that sweet 85% probability of profit at a 1:2 required buying power ratio—a number I find particularly enticing. The break-evens are sitting pretty, giving us room to breathe, and I'm gunning for a $120 max profit while my obligations are just $260 for the remaining 39 days, thanks to that spicy high IVR. Management options down the line are looking lush, especially when it comes to rolling.
On the ledger, I dispatched a $15 strike SAVE call for $0.80 and a $7.50 strike SAVE put for $0.53, bagging a cool $133 in credit upfront, minor commissions and fees notwithstanding.
To wrap up today's strategy: I positioned a well-balanced strangle on SAVE stock, taking into account the industry's rough patch. My opening balance clocked in at $133 in credit, which promises a rich tapestry of rolling opportunities in the days ahead. On this fine day of November 6, 2023, I have executed the sale of one call and one put option, summing up to $133 in credit, minus the petty cash for costs. Looking forward, I foresee this position offering ample management plays.
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.
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.