Option Strategies: CTAS& MU
Hello everyone! Today i want to share some option strategies with you!
1.
Buy-to-close orders set for tomorrow on $Micron Technology(MU)$ put-write and call-write trades. Hopefully, will capture 99% of the premium as profit.
And the best part ... no stress or anxiety because we took conservative strikes that had a high PoP (probability of profit)! 🤑
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2.
$Cintas(CTAS)$ releases earnings before market open Wednesday. Expected move is 4.5%.
Am looking at strangling this trade with a conservative put-write (naked at $165 strike) and call-write (naked at $240 strike), Sept. 26 expiration.
Could go up to the 180 put strike to capture more premium if one is willing to assume the increased risk.
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