Opening (IRA): QQQ Nov 15th 420 Covered Call... for a 415.50 debit.
Comments: After taking off my Nov 415 covered call in profit (See Post Below), re-upping here, but at a slightly higher strike (there are only five-wides available). The 420 is at the -87 delta, so this is less aggressive than I usually do (-75 delta call). However, I've already booked profit in the November cycle, so am fine with getting what is kind of a weak sauce ROC here with plenty of "room to be wrong," particularly with the elections coming up.
Metrics:
Buying Power Effect/Break Even: 415.50/share
Max Profit: 4.50 ($450)
ROC at Max: 1.08%
50% Max: 2.25 ($225)
ROC at 50% Max: .54%
Will generally look to take profit at 50% max, roll out the short call on side test/IV expansion.
Optionstrategies
RKLB Rocket Lab USA Options Ahead of EarningsAnalyzing the options chain and the chart patterns of RKLB Rocket Lab USA prior to the earnings report this week,
I would consider purchasing the 13usd strike price Calls with
an expiration date of 2025-1-17,
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.
Opening (IRA): MSTR Dec 20th 75/155 Short Put Vertical... for a 5.43 credit.
Comments: High IVR/IV at 61.1/113.9. Doing something a little different here, selling the 10 delta short put and buying a put that cuts BPE in about half over doing a naked. Going low delta because, well, the underlying kind of scares the poo out of me.
Metrics:
Buying Power Effect: 74.57
Max Profit: 5.43
ROC at Max: 7.28%
50% Max: 2.72
ROC at 50% Max: 3.64
Compare:
Dec 20th 155 Short Put (Cash Secured)
BPE: 148.30
Max Profit: 6.65
ROC at Max: 4.48%
Will generally look to take profit at 50% max.
Opening (IRA): USO Oct 18th 69 Monied Covered Call... for a 67.44 debit.
Comments: This isn't as low as I wanted to get in, but the short call is below where I would've entered would have to have been more patient and waited for 70. In any event, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 67.44/share
Max Profit: 1.56 ($156)
ROC at Max: 2.31%
ROC at 50% Max: .78 ($78)
ROC at 50% Max: 1.16%
Take profit at 50% max; roll in-profit short call to maintain net delta <30.
Opened (IRA): USO Dec 20th 63 Covered Call... for a 61.26 debit.
Comments: (Late Post). High IV (67.7% as of Tuesday close) + weakness.
Added a "rung" to my existing position at a strike better than what I currently have on, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 61.26
Max Profit: 1.74
ROC at Max: 2.84%
50% Max: .87
ROC at 50% Max: 1.42%
Will generally look to take profit at 50% max, roll out in-profit short call on test of take profit. Here, the 50% max take profit would be .87 + 61.26 or 62.13.
CGC Canopy Growth Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CGC Canopy Growth Corporation prior to the earnings report this week,
I would consider purchasing the 8usd strike price Calls with
an expiration date of 2025-6-20,
for a premium of approximately $0.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AMD Advanced Micro Devices Options Ahead of EarningsIf you haven`t bought AMD before the previous earnings:
Now analyzing the options chain and the chart patterns of AMD Advanced Micro Devices prior to the earnings report this week,
I would consider purchasing the 160usd strike price Calls with
an expiration date of 2024-11-1,
for a premium of approximately $6.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
TXN Texas Instruments Incorporated Options Ahead of EarningsAnalyzing the options chain and the chart patterns of TXN Texas Instruments Incorporated prior to the earnings report this week,
I would consider purchasing the 200usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $6.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
MSFT Microsoft Corporation Options Ahead of EarningsAnd when you think about it, everything began with this:
Now analyzing the options chain and the chart patterns of MSFT Microsoft Corporation prior to the earnings report this week,
I would consider purchasing the 430usd strike price Calls with
an expiration date of 2024-11-1,
for a premium of approximately $9.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Opening (IRA): USO Nov 15th 67 Covered Call... for a 65.26 debit.
Comments: Adding a rung at strike prices better than what I currently have on, selling the -75 delta call against long stock to emulate the delta metrics of a 25 delta short put, but with built-in short call defense.
Metrics:
Buying Power Effect/Break Even: 65.26
Max Profit: 1.74 ($174)
ROC at Max: 2.67%
50% Max: .87
ROC at 50% Max: 1.33%
Will generally look to take profit at 50% max/roll out the short call on side test.
Opening (IRA): TLT December 20th 88 Covered Call... for a 86.84 debit.
Comments: High IVR at 74.8% plus weakness.
Looking to grab both the November 1st and December 1st dividends here while I twiddle my thumbs waiting for the general election to pass, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 86.84
Max Profit (Excluding Dividends): 1.16
Max Profit (With Dividends): 1.80
ROC at Max Excluding Dividends: 1.34%
ROC at Max (With Dividends): 2.07%
Immediately post-fill, I put in a GTC order to take profit at .20 short of max or 87.80, but may take if off after the December dividend drops if something more "sexy" gives me that come hither look.
Educated Gambling!! LOL. Call Options that go $POWW or OW!! Were in a Double Bottom and a Bearish Pennant on the daily so who knows, and the chart doesn't look great either. This one is at the top of my degenerate list, pure speculation. My idea is either a big bang or a misfire. I've been buying NASDAQ:POWW $2.50 calls expiring 1/17/25. Started off buying at $15 then $10 and now $5 per call. And sometimes no one is even selling these options when they list for .01 (actually cost $5 min) My thought is NASDAQ:POWW could either run in the next 3 weeks or all the way up to Inauguration Day on January 20, 2025, hope to at least fill the gap at 2.46 and then get back to June 3rd high of $2.86. Most of us can figure out why it could possibly go parabolic so close to the Election. I hope for God's sake and love of country I'm actually wrong about this and pray for peace. But at the same time, as some of the corrupt powers to be say "never let a crisis go to waste"... Safe Trading Everyone!!
AXP American Express Company Options Ahead of EarningsIf you haven`t bought the dip on AXP:
Now analyzing the options chain and the chart patterns of AXP American Express Company prior to the earnings report this week,
I would consider purchasing the 267.5usd strike price Puts with
an expiration date of 2024-10-18,
for a premium of approximately $2.91.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BIBI Bilibili Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BIBI Bilibili prior to the earnings report this week,
I would consider purchasing the 15usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $1.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DPZ Domino's Pizza Options Ahead of EarningsIf you haven`t bought the dip on DPZ:
Now analyzing the options chain and the chart patterns of DPZ Domino's Pizza prior to the earnings report this week,
I would consider purchasing the 415usd strike price Puts with
an expiration date of 2024-10-11,
for a premium of approximately $17.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
COST Costco Wholesale Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of COST Costco Wholesale Corporation prior to the earnings report this week,
I would consider purchasing the 907.5usd strike price Calls with
an expiration date of 2024-9-27,
for a premium of approximately $20.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CBRL Cracker Barrel Old Country Store Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CBRL Cracker Barrel Old Country Store prior to the earnings report this week,
I would consider purchasing the 40usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $2.53.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DOCU DocuSign Options Ahead of EarningsIf you haven`t bought DOCU before the previous earnings:
Now analyzing the options chain and the chart patterns of DOCU DocuSign prior to the earnings report this week,
I would consider purchasing the 59usd strike price Puts with
an expiration date of 2024-9-6,
for a premium of approximately $2.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Opening (IRA): IWM August 30th 193 Monied Covered Call... for a 191.21 debit.
Comments: I'm not quite ready to move out to the September monthly due to its duration, so doing a little something different here to attempt to milk a smidge more out of August. After having taken off my longer-dated position in profit, re-upping in 45 DTE with the short call at about the exact same delta it was at previously (around the -88).
This doesn't result in really awesome ROC metrics, but I have already grabbed the June divvy and realized gains in the August cycle, so am just looking for a little more somethin' somethin' without taking on a ton of additional risk before moving out to Sept. As usual, I'll look to take profit at 50% max; roll out for duration on side test.
Metrics:
Buying Power Effect/Break Even: 191.21
Max Profit: 1.79
ROC at Max: .936%
50% Max: .90
ROC at 50% Max: .468%
DELL Technologies Options Ahead of EarningsAnalyzing the options chain and the chart patterns of DELL Technologies prior to the earnings report this week,
I would consider purchasing the 145usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $5.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DNA Ginkgo Bioworks Holdings Options Ahead of EarningsAnalyzing the options chain and the chart patterns of DNA Ginkgo Bioworks Holdings prior to the earnings report this week,
I would consider purchasing the 0.50usd strike price Calls with
an expiration date of 2024-12-20,
for a premium of approximately $0.08.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SNDL Options Ahead of EarningsAnalyzing the options chain and the chart patterns of SNDL prior to the earnings report this week,
I would consider purchasing the 2usd strike price Calls with
an expiration date of 2024-10-18,
for a premium of approximately $0.48.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.