Option Strategies: PDD, SOFI& CNC
Hello everyone! Today i want to share some option strategies with you!
1.
$PDD Holdings Inc(PDD)$ releases earnings before the opening bell on Monday. Expected move is ~7%.
Gonna take a modified strangle trade, Aug 29 expiry.
▫️ STO the 95 put strike
▫️ STO a 152.5/155 call spread
🎯 the previous earnings bottom and a high from last year. Looks like PDD is hitting a resistance level before earnings. Not much resistance up to 155 if it breaks through post-earnings. Strong volume support around 100.
Image
Image
2.
Took profit on the $Centene(CNC)$ put-write trade. Swapped it for a $SoFi Technologies Inc.(SOFI)$ put-write trade, 23 strike, same expiration.
Image
For whom haven't open CBA can know more from below:
🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!
Find out more here：
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
