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 ?!?! ๐ค
๐ 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 ๐ a re-test of that cluster to add to long position.
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