Spotted this one scanning my watchlist tonight. I missed the pullback to 100, but this one looks poised for upwards + sideways movement in the weeks ahead. Here is a position I'm considering to put on tomorrow...
November 19 2021 Expiration
1. Sell 1 x $100 naked Put
2. Sell 1 x $125 naked Call
IV Rank still in the 30s. You may be able to sell that...
Feels like a cup and handle forming, right? 200 EMA support, back over 50 EMA and marching back towards ATH. I suspect we see Disney gets back over $200, then takes another dip before moving up to $225 by February or March.
Hello options sellers. I've decided to try and post some setups that I like, starting with a position IQ. NASDAQ:IQ saw a substantial drop in price lately, and with that drop in price came an elevation in volatility and IV Rank. It seems to have found some support around here, so I'm looking to take advantage of this pop in volatility and higher option prices by...
Morning Options Sellers. Its hard to find good premium these days with the absolute volatility crush this past month, however I like this play in Twitter. Sell the May 21 16-delta strangle in $TWTR for $222 in premium per one-lot. That means selling the 85 CALL and selling the 60 PUT. Delta at position opening here is actually flat to slightly bearish, but starts...
