Option Strategies: IREN& NBIS

Selling For Premium
07-21

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

1

Bought back (closed) the $NEBIUS(NBIS)$ 115P & 110P for profit ... thank you tutes for the pump this morning and weekend IV crush.

That said, didn't want to give back all the premium via the buyback, so wrote the July 24 $130 puts to cover the buyback ... and reduced buying power used in the process (from 11 cons down to 5 cons).

2

$IREN Ltd(IREN)$ So ... for all the folks spouting off about their decision to sponsor an NBA/WNBA team ... looks like sponsorship advertising really does work. 😉

Wrote a put credit spread to play the news - July 24 expiry $32.5/29.5 spread, 10 contracts.

Nebius Surges 27% — Did $775M in Debt Flip From Risk to Advantage Overnight?
Nebius surged 27.13% on Thursday and added a further 5.08% after-hours, completely reversing the prior day's 12.65% plunge. The catalyst was a reinterpretation of its $775 million debt financing as "capital efficiency" rather than leverage risk, compounded by the announcement of a new AI partnership. Concerns over credit default swap costs that had crushed the stock just 24 hours earlier dissipated rapidly. When the same leverage is first priced as a risk and then as an advantage, where exactly is the valuation anchor for neocloud names?
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