Option Strategies: MDB, SNOW& ANF
Hello everyone! Today i want to share some option strategies with you!
1.
$Snowflake(SNOW)$ getting that sympathy pump in AH thanks to $MongoDB Inc.(MDB)$ 📈
Hopefully ya'll wrote puts on SNOW to capture that premium.
Can close out position tomorrow for profit and then re-write for an earnings play.
2.
Looking at an optionselling trade on $Abercrombie & Fitch(ANF)$ to play earnings tomorrow morning. Expected move is ~12%.
Aug 29 expiration:
▫️ STO $70 put strike
▫️ STO $130 call strike
🎯 the recent bottom support as well as overhead supply resistance.
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