u/FridgeFinancials

New Trade Opened Thursday!

One Trade I opened for a potential swing 📈

Lumentum (LITE) had a big red day yesterday before market close along with other big AI stocks like Micron and Sandisk 👀

In looking at the options data, there was quite a bit of bullish positioning that happened on LITE yesterday before the long weekend with over $5 million in premium that came into calls with a $770 strike 👀

In looking at where dealers are positioned in the options chain, biggest level is 700, followed by 800 and then 750, showing signs of potential bullishness on the stock 🐂

Using this, I decided to go in with a Put Credit Spread that is a 700/695 spread. This gave a potential premium of $160 and a max loss of $340, so not a crazy risk to reward ratio. Hoping that this get a quick bounce Monday morning and we can take some profit on it 💰

LITE had quite a bit of bullish options flow on Thursday after the pullback of over 9%, where they had over $5 million in call options open!

Along with the unusual call options that were open, the dealers are positioned at 700, then 800, and finally at 750.

Using this information, I went for a put credit spread of 700/695, where it paid a premium of $160 and a max loss of $340. If we get a rebound in the market Monday morning, I’m going to close this trade out hopefully for 50% of the max premium!

Been making some progress I feel with my investments overall and happy to be approaching 100k. Overall net worth is around 135k after we just finishing paying for our wedding with no debt! 😃

Hello everyone, just joined in here because I figured I want to share some of my trades and ideas that I have learned over the years!

First trade I am posting about is Oracle (ORCL)

Now, oracle has been down bad for the year so far as the software stocks have been hammered 🔨 but it seems like there may be a rotation into this sector with Microsoft moving nicely in the last couple of sessions!

I also noticed that there was some big option flow into call options for Oracle expiring August 7th with a strike of $146 that came in yesterday before the long weekend 👀

Looking at where the dealers are positioned, it seems like the major levels are 144, 145, and 148 for August 7th so I decided to enter into a position 📊

My position was actually to open a Put credit spread that was 130/125 for the same expiration date. That paid out a premium of $160 and a max loss of $340! Here is to hoping that this trade works out 🤞