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Daily Options Selling Strategy | MSTR aggressively buys Bitcoin, SMCI downgraded, how to deploy an options income strategy amidst high volatility?

Welcome to the daily profit opportunities section of the options selling zone. This column focuses on short-term investment opportunities in the options market for the day. Each listed item is evaluated based on factors such as annualized return on investment (ROI), probability of expiring out-of-the-money, and premium income.

Screening Criteria

OpenFutubull >> Market >> Options >> Seller Zone >> Filter; Common filtering criteria for Cash Secured Put and Covered Call strategies: IV Percentile > 40%; Total options volume > 60,000 contracts; Days to expiration 0-45; Daily options volume/open interest > 500 contracts; ROI > 2%; Annualized ROI > 30%. Cash Secured Put: OTM probability > 60%; Covered Call: OTM probability > 70%;

Underlying selection rules: For each strategy, select the top four underlyings by profitability (only the highest-probability contract for each stock); if fewer than four underlyings are available, select all. If there are duplicate stocks, exclude the contract with the lower annualized ROI and select another underlying to ensure complementarity. The probability indicates the chance that the sold option contract will not be exercised, i.e., the out-of-the-money probability. The higher the probability, the smaller the chance of being exercised, and the greater the likelihood of earning stable option premiums. Data source: Futubull; data is as of the closing price of the previous trading day. All data and information in the Options Sellers Section are for reference only and do not constitute any investment advice.

Cash Secured Put

– Minimum unit of strategy combination example：Sell 1 contract $Strategy (MSTR.US)$20260417 115.00P

Estimated required margin: $11,500 ($115 × 100)

Premium received: $278.50

24-day return rate: 2.48% ($278.50 ÷ ($11,500 - $278.50))

Annualized return rate: 37.23%

Break-even point: $112.215 ($115 - $2.785)

Strategy launches a $42 billion stock issuance plan and spends $76.5 million to purchase an additional 1,031 Bitcoins.

– Minimum unit of strategy combination example：Sell 1 contract $Micron Technology (MU.US)$20260417 350.00P

Estimated required margin: $35,000 ($350 × 100)

Premium received: $787.50

24-day return rate: 2.30% ($787.50 ÷ ($35,000 - $787.50))

Annualized return: 34.53%

Break-even point: $342.125 ($350 - $7.875)

Wedbush forecasts DRAM prices will rise 130%-150% in the first half of 2026, and SK Hynix plans to list in the US to raise $10 billion for production expansion.

– Minimum unit of strategy combination example：Sell 1 contract $Robinhood (HOOD.US)$20260410 65.00P

Estimated required margin: $6,500 ($65 × 100)

Premium received: $152.50

17-day return rate: 2.40% ($152.50 ÷ ($6,500 - $152.50))

Annualized return rate: 50.60%

Break-even point: $63.475 ($65 - $1.525)

Robinhood's share price rose 2.32% to $72.53, with active options trading reaching 214,000 contracts.

– Minimum unit of strategy combination example：Sell 1 contract $SoFi Technologies (SOFI.US)$20260417 15.00P

Estimated required margin: $1,500 ($15 × 100)

Premium received: $40.50

24-day return rate: 2.77% ($40.50 ÷ ($1,500 - $40.50))

Annualized return rate: 39.76%

Break-even point: $14.595 ($15 - $0.405)

SoFi Technologies saw active options trading with 463,200 contracts traded on March 23, and open interest reached 5.24 million contracts.

Covered Call

– Minimum unit of strategy combination example：Sell 1 contract $Bloom Energy (BE.US)$20260417 175.00C

Buy 100 shares of BE: $14,133 ($141.33 × 100)

Premium received: $517.50

24-day return rate: 3.80% ($517.50 ÷ ($17,500 - $517.50))

Annualized return rate: 57.02%

Break-even point: $169.825 ($175 - $5.175)

Bloom Energy executives significantly reduced their stock holdings as the Chief Legal Officer sold shares worth $2.31 million.

– Minimum unit of strategy combination example：Sell 1 contract $Super Micro Computer (SMCI.US)$20260417 26.00C

Buy 100 shares of SMCI: $2,158 ($21.58 × 100)

Premium received: $51.50

24-day return rate: 2.44% ($51.50 ÷ ($2,600 - $51.50))

Annualized return rate: 36.68%

Break-even point: $25.485 ($26 - $0.515)

The co-founder of Super Micro Computer has been sued for allegedly smuggling NVIDIA chips to China, and several investment banks have downgraded their ratings and target prices.

– Minimum unit of strategy combination example：Sell 1 contract $Rivian Automotive (RIVN.US)$20260417 18.00C

Buy 100 shares of RIVN: $1,577 ($15.77 × 100)

Premium received: $34.50

24-day return rate: 2.24% ($34.50 ÷ ($1,800 - $34.50))

Annualized return: 33.55%

Break-even point: $17.655 ($18 - $0.345)

Rivian signed a $1.25 billion agreement with Uber to provide 50,000 R2 robotaxis.

– Minimum unit of strategy combination example：Sell 1 contract $AST SpaceMobile (ASTS.US)$20260402 100.00C

Buy 100 shares of ASTS: $8,842 ($88.42 × 100)

Premium received: $232.00

9-day return rate: 2.69% ($232.00 ÷ ($10,000 - $232.00))

Annualized return rate: 105.40%

Break-even point: $97.680 ($100 - $2.320)

Executives of AST SpaceMobile plan to sell 40,000 shares worth approximately $3.6 million.

What is a Cash Secured Put?

- Sell put options on stocks you are willing to hold.

- You receive the premium immediately – if the option expires worthless, this is your maximum profit.

- If the stock falls below the strike price at expiration, you may be assigned and required to buy 100 shares per contract at the strike price (net cost = strike price - premium received).

- You keep enough cash to cover the potential purchase obligation, hence the term 'cash secured.'

Typical uses:

- Income generation: Earn recurring income through collecting premiums.

- Discounted buying: Acquire shares at an effectively lower price.

What is a Covered Call?

- You already own the stock and sell the corresponding call options (i.e., 'covered call').

- You can immediately collect the premium as income.

- If the stock price is below the strike price, the option expires worthless, and you keep the stock and the premium.

If the stock price is higher than the strike price, you are obligated to sell the stock at the strike price (capping your upside gains), but you still get to keep the premium.

Typical uses:

- Income Generation: Earn additional option income while holding the stock.

- Exit Strategy: Sell the stock at the target price while earning extra income.

Strategy Tips

- Focus on high-probability trades to enhance safety.
- MonitoringImplied Volatility(IV) — A higher IV means higher premiums but also greater price volatility.

Risk Warning

An option is a contract that gives the holder the right, but not the obligation, to buy or sell an asset at a fixed price at any time on or before a specific date. The price of an option is influenced by several factors including the current price of the underlying asset, the strike price, time to expiration, and implied volatility.

Implied volatility reflects the market’s expectation of the future volatility of an option over a certain period. It is data derived inversely from the BS option pricing model and is generally considered an indicator of market sentiment. When investors anticipate higher volatility, they may be willing to pay more for options to hedge risks, resulting in higher implied volatility.

Traders and investors use implied volatility to assessOption priceattractiveness, identify potential mispricings, and manage risk exposure.

Disclaimer

Part of the above information is automatically generated by a third-party artificial intelligence model based on data and information. It does not represent any position of Futu. Although the relevant information will help you make investment decisions, it does not constitute any investment advice. You may only use the materials on this website for personal reference and non-commercial purposes. The information on this website is provided on an 'as is' and 'as available' basis. Futu Securities and/or its affiliated companies have taken all reasonable precautions to ensure that the information contained on this website was accurate, timely, complete, suitable for the intended purpose, and compliant with applicable laws and regulations at the time of publication. The Futu Group makes no express or implied warranties or representations regarding the accuracy, timeliness, or completeness of the information contained on this website. By accessing the relevant information, you fully understand and agree to be bound by the terms and conditions. Any actions taken by any person based on the relevant content are at their own risk.

This content does not constitute any offer, solicitation, recommendation, opinion, or guarantee for any securities, financial products, or tools. The risk of loss in trading options can be substantial. In some cases, losses may exceed the initial margin deposited. Even if you set contingent orders such as 'stop-loss' or 'limit' orders, these may not prevent losses. Market conditions may prevent these orders from being executed. You might be required to deposit additional margin within a short period. If you fail to provide the required amount within the specified time, your open positions may be liquidated. However, you will still be responsible for any shortfall in your account. Therefore, before trading, you should study and understand options and carefully consider whether such trading is suitable for you based on your financial situation and investment objectives. If you trade options, you should be familiar with the procedures for exercising options and the rights and obligations upon exercise and expiration. Option trading involves extremely high risks and is not suitable for all investors. Investors should read carefully before engaging in any options trading strategy.Characteristics and Risks of Standardized Options。

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