Ignoring the two SPXW calls. I took profits of 140% on 4 of the 7760 calls at peak this morning (UK time) and 1 contract at just above break even for the 7800 call. Now those are just going to be left to ride.
Anyway, here are my positions and why...
INTU (Intuit): $300 PUT expiring Friday at $0.40 AVG
Intuit have been on a uptrend recently, but ever increasing competition is going to affect their bottom line. They're also going through lawsuits regarding AI right now, mitigation is going to eat into profits. They usually beat EPS but this quarter could be far below expected. Given their recent expansion into AI, followed by the current lawsuits regarding AI, and the fact they do trade well below sector averages, I think we're looking at $270 - $290 after earnings today.
MRNA (Moderna): $192.50 CALL expiring Friday at $0.685 AVG
I still feel like Moderna has been oversold recently. I'm looking for around the $165 range but don't plan to hold until expiry.
NVDA (nVidia): $250 CALL expiring Monday at $0.24 AVG
nVidia has been through a bit of a sell off this week, but that's mainly down to a wider sell off with current market conditions. They're again pretty much guaranteed to beat earnings.
Any thoughts?
