Option Strategies: MNDY, GOOGL& .SPX
Hello everyone! Today i want to share some option strategies with you!
1.
Max profit on these 0DTE $S&P 500(.SPX)$ call credit spreads! That said, took big losses on the 6000/5990 put credit spreads.
Should have held into close as 6000 was not breached and proved to be strong gamma support, but hindsight is 20/20 and didn't want to "FAFO" in case the market flushed in the last few minutes of trading. So, did the safe thing and closed out the PCS for a loss.
Had everything (put credit & call credit spreads) expired worthless, would have had a $1000 day on writing SPX spreads. Instead, closed with $364.
Profit is profit, so will take it ... especially on a day like today with the inflation and tariff news spooking the market to the tune of a 1%+ intraday move.
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2.
Closed out the $Alphabet(GOOGL)$ and $Amazon.com(AMZN)$ put optionselling trades for profit.
Opened a new trade on $Monday.com Ltd.(MNDY)$ to play it for earnings next week. Earnings release is Monday 2/10 before market open. Am looking to pick up shares in this company.
Sold the Feb 21 expiry 180 strike puts.
Expected move is big at ~15%. Am targeting a strike close to 2X the expected move as well as below the Aug 5th bottom and at a previous consolidation zone with volume support.
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