I set up three new plays with three stocks I've never traded, until today.
First SLB... I took a bearish position selling the August 115/120 call spread. In total I collected $175 of premium on 1 contract. Looking at the chart the stock has had a big run up, but over the last week or so it's been rolling over. The company reports next Friday so that could jack up my play. However, if we get a move up I'll simply roll out the position.
Next up TSLA... This morning I played the weekly 225/227.50 credit call spread. I collected $144 in premium on 2 contracts. My thought is the weakness we've seen in this name will continue. And since I'm playing a weekly, I don't have to worry about earnings. TLSA doesn't report until the beginning of August.
Lastly NDX... I played a weekly in this one as well. I set up a 3930/3935 credit call spread, collecting $115 of premium on just 1 contract.
For all you folks out there finding this blog for the time, I'm the Option Rider. I play with a wide open hand, for better or for worse! Please feel free to look through my open positions, my winners, AND my losers. Any advice, thoughts, comments or helpful tips are welcomed at firstname.lastname@example.org.