Option Strategies: MANU, FDX& LEN
Hello everyone! Today i want to share some trading strategies with you!
1.
$Lennar(LEN)$ announces earnings this week. Look at that rounded base on the daily chart. Very strong volume support at the 100 level.
Might take an optionselling put-write trade at the 110 strike (or up to the 115 strike). ... since this is your industry, what's your take on how LEN reports for earnings? TIA
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2.
$FedEx(FDX)$ releases earnings this week. Am looking at a put-write trade, Sep 19 or Sep 26 expiry, 190 or 195 strike to play the elevated IV due to earnings.
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3.
$Manchester United PLC(MANU)$ releases earnings this week. Gap at the 14 level, but no premium at that level in the options chain (sadly). However, that's probs the strike we would take MANU at. Don't really want to chase premium by chasing a higher strike.
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