Option Strategies: NVTS, NOK& CRDO

Selling For Premium
06-01 15:22

Hello everyone! Today i want to share some option strategies with you!

1

$Credo Technology Group Holding Ltd(CRDO)$ announces earnings on Monday this week. Got a big expected move at ~17%.

Strong volume support at point-of-control down at 100. Recent bottom around 160. Volume shelf around 185.

Will be writing cash-secured puts on this, probs targeting a strike in the 155-185 range. Am also looking at a 1x2 ratio spread, buying 1 call and writing 2 calls above that.

2

Seeing all this chatter on $Nokia Oyj(NOK)$

This weekend about insiders buying a ton of shares. We agree ... that's typically a good sign.

Who is crazy enough to write deep ITM puts as a synthetic long call ?!?! ๐Ÿค”

๐Ÿ‘€ the Aug 21 expiry $30 strike put.

3

Looking at two different charting software, it looks like both are showing a volume cluster in the 16-22 range on

$Navitas Semiconductor Corp(NVTS)$.

The 16 level shows the strongest volume-based support.

We're ๐Ÿ‘€ a re-test of that cluster to add to long position.


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