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Shortput

Opening (IRA): AAPL April 16th 107.5 Short Put... for a 1.99 credit. Notes: With a 30-day implied of 42.8%, expiry-specific at 41.8%, and earnings in the rear view, adding some Dow component high implied underlyings to my wheelhouse. I already have some BA in my portfolio, which has the highest 30-day of Dow components that have already announced earnings, and pretty much have all the high implied exchange-traded-fund bases covered. ROC 1.89% at max as a function of notional risk. I went with the 19-delta 107.5 in lieu of the 105 (15 delta) or the nonstandard 106.25. A little more aggressive than I usually go, but wanted to get at least 1.5% ROC at max out of it.
NASDAQ:AAPL
by NaughtyPines
SNAP Wheel Strategy Short PutSnapchat is down 25% from its highs, and while it has bounced up a little bit from the highs, it still remains oversold. Now might be the right time to sell a put into weakness and collect premium. Trade Idea: Medium Risk: The 44 Put expiring 4/16 for $1 credit . It has a 81.5% Prob. OTM and if you do get assigned, your cost-basis per share will be $43 and it is a good place to own as you will be in the middle of the volume profile for the last 6 months meaning that you won't be buying at the top but at the same time the bottom. Aggressive: The 47 Put expiring 4/16 for $1.5 credit . It is right below support and has a higher 75% Prob. OTM. While you have a higher chance of getting assigned with this one, considering the support level that hasn't been breached for months, you still have high odds of collecting the premium and not get assigned. Even if you do get assigned, your cost-basis per share will be $45.5. For both of these trade ideas, if you believe in Snapchat's fundamentals, which are pretty modest, you can hold on to the stock and sell covered calls (70-80% OTM) and collect premium until you get assigned. Once you do get assigned, you can come back to selling cash-secured puts again.
NYSE:SNAP
by punitarani
PLTR at support and has high bullish sentimentShort Put : 18-strike expiring 4/16 for $0.69. Short 16 delta and has a 75% POP. It is also very cheap at $400 BPE for a solid 17.5% ROC. This is a neutral to bullish play with a modest room to the downside and still profit from the trade. This will give you the highest possibility to win and the best part is that you don't need to predict the direction as long as it stays above $18. Close this at 50%-75% profit, 150%-200% loss or 20DTE, whichever comes first.
NYSE:PLTR
by punitarani
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