Theta Sniper

Anyone playing $NVTS for earnings today. I hold shares with covered calls at $20 expiring this Friday. Doubled over the last month

@Selling4Premium I sold a put (yes 1 whole put🤣) and had an order in for 100 shares but didn't get filled. I'll probably look to build a position, but not too quickly. I'll be selling more puts in the coming days depending on price action. What's your plan?

So ... who bought $DRAM today ... or is waiting to see if we get a drop back into the mid-30s?

@Selling4Premium You might have to blow off your day job this week with all these earnings plays 🤷‍♂️

So many 😋 #Optionselling plays this week. Am 👀 the following trades, May 8 and/or 15 expiration. Mix of cash-secured/covered and naked. Monday - $PLTR put-write ladder at strikes in the 80-115 range, strangle with naked calls at the 200 strike or higher - $GRAB put-write at the 3.5 strike (and might do the 3 strike on the June OPEX) - $SHOP 100P write - $PYPL 40P write - tbd $CIFR Tuesday - $AMD looks like a short set-up brewing ... call credit spreads and naked calls is the plan - $SMCI strangle 18P & 38C or 40C - $NVTS strangle 10P & 26C (or higher), also got the 18.5C in play - $DIS 85P or 90P (125C already in play) - $HUT 50P Wednesday - $ACMR 40P - $DDOG 100P - $SEDG 65C - tbd $APP $ARM $COHR $FSLY $IONQ Thursday - $CRWV 70P - $IREN 30P (or lower) - $RKLB strangle 55P & 100C - tbd $COIN

@HansCashFlow risk

This uses a kind of term-structure - red is getting overbought and complacent, dark green is happy for income trades and light green is high-fear enough to get me interested in adding equities. Pretty even keel right now. Like and comment "risk" if you want this free. It can help with income layering on LEAPS trades.

This is wild

@Selling4Premium Yup. J Powell said nothing unexpected. Doesn't look like anything crazy from the MAG7 earnings either. I guess $META is down and $GOOG is up, but everything inside the expected move so far...

Been in back-to-back meetings since 8:30am this morning. Looks like FOMC was a nothing-burger based on $SPX $SPY $NDX $QQQ price action. Institutional traders are probs waiting to see how $AMZN $GOOGL $META $MSFT report after the bell today.

Sheesh, $INTC up over 120% just this month. Wild

@Selling4Premium Yes. I'll most likely deal with that on Friday, but that is one of the options I'm looking at

@ThetaSniper Can always roll down-and-out

All ya'll $HOOD bulls better get the tutes pumping this stock after earnings today. That said, we'll do our part to tempt them by writing naked calls, 105 strike (or higher), May 1 expiry. #Optionselling

@Selling4Premium Looks like I might be the proud owner of some new shares come Friday 🫤

@ThetaSniper All the hedgies and tutes need to manipulatively pump that shit back up

Probably a quiet morning before the FED decision and J Pow remarks. We also have a vote on Warsh and earnings this afternoon for $MSFT, $AMZN, $META, $GOOG and $QCOM. Yikes, lots for the market to digest!!

@Selling4Premium I'm sitting on a debit call spread that I plan on just holding. I'll be looking for a way to play the earnings report. Probably just sell some puts

Got cash-secured puts on $AMZN heading into earnings tomorrow. - 230 strike, May 1 expiry - 205 strike, June 16 expiry Also got covered calls - May 1 expiry 265 strike and 280 strike farther out in DTE.

@Selling4Premium Ha! Yeah, a lot of misses in that report 😬

@ThetaSniper Looks like you got your wish

@ISITrading2717 Street liked the report obviously, up over $20 in AH. Hope that's good for you!

@ThetaSniper I took a trade on it 🫡

Pretty big expected move (16%) on $BE for this week with earnings this afternoon. Anyone trading this name?

@Selling4Premium This week, 5/1. I kept it small, if they selloff I'll be selling more puts to try and average down.

@ThetaSniper What expiration?

@Selling4Premium Nope. It'll be fun to watch tho

Anyone writing puts on $CAR to play earnings?

@Selling4Premium I'm in for a couple contracts at the $75 strike. That's around the bottom of the expected move range, a little more aggressive than I wanted but I was seduced by the higher premium 🤞🙏

@ThetaSniper makes sense

@Selling4Premium I actually want some again. I'll probably write puts in the $70-75 range, might even throw a couple in there today to grab some of that elevated premium, and then possibly do more after

@ThetaSniper I still have shares 😬

@Selling4Premium Yeah what is going on with that chart?? Thing has gone parabolic. Damn, wish I had more 😥

🔥🥵 damn ... $NVTS continues to run. These $24 strike covered calls might get tested after all. 🤷🏻‍♂️