Option Strategies: .SPX, AMZN& FTNT
Hello everyone! Today i want to share some option strategies with you!
1.
Lunch time 😋 ... you know what that means ... got time to place optionselling pre-earnings trades! Am taking the following:
- STO $Amazon.com(AMZN)$ Feb 14 expiry $195 strike puts (to pick up more shares in long-term port)
- STO $GRANITESHARES 2X LONG AMZN DAILY ETF(AMZZ)$ Feb 21 expiry $31 strike puts (for Roth IRA acct)
- Was gonna sell the Feb 14 expiry $78 strike put on $Fortinet(FTNT)$ , but the premium sucks so gonna pass on it
Also have the following 0DTE $S&P 500(.SPX)$ trades that should expire worthless today (barring any unforeseen news or MM shenanigans).
- 6005/5995 put credit spread
- 6105/6115 call credit spread
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2.
Gamma structure on $S&P 500(.SPX)$ for 0DTE today.
6075 is going to be both a magnet and strong resistance. VIX is below 16. Let's see how price action moves today.
Tempted to write the Feb 6 expiry 6100/6110 call credit spread. 6100 has been a resistance level.
Also looking at the 6000/5990 or 6005/5995 put credit spread, but the premiums are not where we want it. Need SPX to drop down.
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