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MU Micron Technology Options Ahead of EarningsIf you haven't bought MU here: Then analyzing the options chain and the chart patterns of MU Micron Technology prior to the earnings report this week, I would consider purchasing the 75usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $3.37. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:MULong
by TopgOptions
ACN Accenture plc Options Ahead of EarningsIf you haven`t sold ACN here: Then analyzing the options chain and the chart patterns of ACN Accenture plc prior to the earnings report this week, I would consider purchasing the 315.50usd strike price Calls with an expiration date of 2023-10-20, for a premium of approximately $9.10. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:ACNLong
by TopgOptions
SPY S&P 500 etf Options expiring next weekIf you haven`t bought puts ahead of the FED`s Interest Rate Decision last week: Which happen to end up 4.18X higher after the Federal Reserve suggested the likelihood of another rate increase in the near future. Then you need to know that SPY is approaching an oversold area. And historically, as you can see in the RSI chart, in these areas technical players tend to buy the dip, anticipating a technical rebound. In this context, and looking into the options chain, I would consider the following Calls expiring next Friday: 2023-9-29 expiration date $430 Strike Price $4.38 Premium Looking forward to read your opinion about it!
AMEX:SPYLong
by TopgOptions
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MSTR MicroStrategy Puts and the Cryptocurrency LandscapeIf you haven`t sold MSTR here: Then you need to understand the recent crypto landscape: Binance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws. The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community. Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities. Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market. Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May. The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty. These developments collectively cast a shadow over the cryptocurrency market's near-term prospects. In this context, I`m considering the following puts for MSTR MicroStrategy: 2023-10-20 expiration date $307.50 strike price $12.60 premium Looking forward to read your opinion about it!
NASDAQ:MSTRShort
by TopgOptions
DRI Darden Restaurants Options Ahead of EarningsIf you haven`t sold DRI here: Then analyzing the options chain and the chart patterns of DRI Darden Restaurants prior to the earnings report this week, I would consider purchasing the 160usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $4.10. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:DRILong
by TopgOptions
Weekly SPX outlook ending Sep 15SPX 4450 is the key line in the sand now. A head and shoulders is forming on the 2hr and based on option flow could complete early to mid week. Bear: Below 4450 with a target of 4400 and below that 4350-4300. Bull: Above 4450 with a target of 4500 and then 4530-4560. We also have CPI and PPI this week. To add it is also OpEx - wonderful. Could potentially take SPX 4465c and 4465p 09/18 on Sunday when SPX opens @ roughly 29.00 each. PT would be 90-100.00 on either leg.
SP:SPX
by DarkpoolGhost
SPWH Sportsman's Warehouse Holdings Options Ahead of EarningsAnalyzing the options chain and the chart patterns of SPWH Sportsman's Warehouse Holdings prior to the earnings report this week, I would consider purchasing the 5usd strike price Puts with an expiration date of 2023-9-15, for a premium of approximately $0.65. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:SPWHShort
by TopgOptions