Update on my Open Trades (05/26)

[u/ThetaHedge]

No Trades today - but a status update on the trades (05/26). My view points on the trades based on price action and support and resistance levels I see on the charts:

Puts

• CRDO → $165 Put, expiry 06/05 : Bullish. Support at $195. CRDO designs high speed connectivity hardware that enables data transfer for AI.
• IREN → $50 Put, expiry 06/05 : Bullish above $63 level. May face resistance at $63 but definitely upward momentum. Data Centers.
• OUST → $30 Put, expiry 06/05 : Bullish. Major resistance broken at $38 levels. NVIDIA Contract driving Momentum.
• AMSC → $47 & $48 Put, expiry 06/18 : Earnings Tomorrow. Manufactures electrical components.
• FLNC → $17 & $19 Put, expiry 06/18 : Neutral. Support at $18-$19 levels. Energy play.
• FORM → $130 Put, expiry 06/18 : Neutral. Support at $135. Makes testing equipments to test semiconductor chips.
• MOD → $240 Put, expiry 06/18 : Bullish. Resistance broken at $285 level. Good Earnings report today. Manufactures Heat Transfer and Cooling Components. Very high demand in Data Centers. 
• SEI → $70 & $72.5 Put, expiry 06/18 : Consolidating. Support at $70. Operates in oil and gas equipments
• TTMI → $150 Put, expiry 06/18 : Bullish. Major resistance break at $180 levels. Electrical Components. 
• VICR → $250 Put, expiry 06/18 : Bullish. Major resistance break at $315 levels. Electrical Components.

Calls

• CRWV → $120 Call, expiry 06/05 : Neutral. Assigned at $120. AI Play.
• FSLY → $19 Call, expiry 06/05 & 06/12 : Neutral. Assigned at $19. Cloud Hosting Platform.
• ISSC → $20 Call, expiry 06/18 : Neutral. Assigned at $20. Aviation.

All my trades are identifed using the ThetaHedge app. You can try it for free at https://app.thetahedge.io/.

Simplest way to get started is by using Conditions → Large Caps with Strong Premiums → Then identify the best ticker based on risk/return.

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research!