Option Strategies: IREN& NBIS
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.
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