Category: Gianluca's Trades

McDonald's (MCD) has sold off sharply from the $340+ highs it printed in February and is now trading around $307, with the RSI deep in oversold territory and the IV rank above 85%. That's a setup I like for selling premium.

Eli Lilly (LLY) has pulled back hard from its highs and is now sitting right on the 200-day moving average, with an IV rank above 85%. That combination was enough for me to sell a put on it.

GE Aerospace (GE) is looking super oversold right now, with an IV rank above 95%, so I sold a put on it.

I noticed that Philip Morris (PM) may be entering a slightly bullish phase. IV rank is high (above 75%) so I sold a put

Amazon (AMZN) looks at the beginning of a (potentially) positive cycle, and IV is not low (IV rank above 60%), so I sold a put expiring in a month

I opened a short put position on BKNG today. The stock is widely oversold so I'm ok with either getting assigned shares (and do a wheel with a covered call) or rolling this down and further in time a few times. But since BKNG is quite expensive, I'll probably aim for rolling.

I opened a short put position on ADBE today. The stock is widly oversold so I'm ok with either getting assigned shares (and do a wheel with a covered call) or rolling this.

Today I bought a call on AAPL. IV was low, and price action was looking good.

Today I opened a zero-loss butterfly on Oracle (ORCL). Structurally, this is a bullish butterfly with a defined outcome: it cannot lose money at expiration.

I bought a LEAP call on NFLX following the M&A announcement on Warner Bros. The option expires in June 2027.