If you don't look at the direction, can both ups and downs work? How to use combination options to enjoy earnings periods
This document is about 1200 words, 15 minutes to read for poor people: Have investment experience, want to know how to use the options tool to consolidate the movement after the financial year, test the profits of the mooer Main content: How to use the Strangle combination, this content is valid for a long time
Hello everyone, I'm an option Sir. Welcome to “Options Strategy Tips”.
The most recent is the US stock market, where we usually see a mooer coin, a pre-earnings distribution, a post-performance loss, a ten-point profit. An introduction to the big family todayCommon combination strategies used by options masterfor sniping performance period.
If you do not understand the options, you need to understand the operation principle of the next option >>Can a company's stock exchange be used to earn interest? How Tencent Employees Use Options to Benefit Low Risk
Why is the performance period “profitable”?
The results of each quarter, similar to a company's performance summary, openly tell the market, investors, what they have achieved in the past quarter. Bright performance means that the stock price rises and vice versa. In general, a performance release will bring more fluctuations, up or down.
Where to see when the results are published?
Futu Financial Calendar function allows you to select the time of publication of financial reports for stocks of special interest.
![This document is about 1200 words, 15 minutes to read for poor people: Have investment experience, want to know how to use the options tool to consolidate the movement after the financial year, test the profits of the mooer Main content: How to use the Strangle combination, this content is valid for a long time Hello everyone, I'm an option Sir. Welcome to “Options Strategy Tips”.[Respect][Let Me See][Keep Fighting] The most recent is the US stock market, where we usually see a mooer coin, a pre-earnings distribution, a post-performance loss, a ten-point profit. An introduction to the big family todayCommon combination strategies used by options masterfor sniping performance period.[Tongue] If you do not understand the options, you need to understand the operation principle of the next option >>[Share Link: Can a company's stock exchange be used to earn interest? How Tencent Employees Use Options to Benefit Low Risk] Why is the performance period “profitable”? The results of each quarter, similar to a company's performance summary, openly tell the market, investors, what they have achieved in the past quarter. Bright performance means that the stock price rises and vice versa. In general, a performance release will bring more fluctuations, up or down. Where to see when the results are published? Futu Financial Calendar function allows you to select the time of publication of financial reports for stocks of special interest. [Share Link: Extended Reading: How to Read Easily][Share Link: feats] What does volatility mean for options? Arbitrary space [OMG] Volatility is not the relationship between risk, options and fluctuations, more like “butter and bread”. Higher...](https://nnqimage.futunn.com/999908/editor_image/dd5949301ebf34ee9174869d37d917ad.png/big?imageMogr2/ignore-error/1/format/webp)
What does volatility mean for options? Arbitrary space
Volatility is not the relationship between risk, options and fluctuations, more like “butter and bread”.
Higher volatility means that there will be a larger rise and fall in the future price/option price and there may be a large margin for arbitrage.
The following figure shows, Tesla released the results after the market on July 19, the next day，On July 20, the maximum fall reached 10% and closed -9.74%.
The price of the option follows the stock price fluctuation. On the day of July 20, Tesla expires on July 28, the exercise price is 260 put, the intraday price of the lowest 1.86, the highest 7.4, the day's rise and fall +126.45%.
![This document is about 1200 words, 15 minutes to read for poor people: Have investment experience, want to know how to use the options tool to consolidate the movement after the financial year, test the profits of the mooer Main content: How to use the Strangle combination, this content is valid for a long time Hello everyone, I'm an option Sir. Welcome to “Options Strategy Tips”.[Respect][Let Me See][Keep Fighting] The most recent is the US stock market, where we usually see a mooer coin, a pre-earnings distribution, a post-performance loss, a ten-point profit. An introduction to the big family todayCommon combination strategies used by options masterfor sniping performance period.[Tongue] If you do not understand the options, you need to understand the operation principle of the next option >>[Share Link: Can a company's stock exchange be used to earn interest? How Tencent Employees Use Options to Benefit Low Risk] Why is the performance period “profitable”? The results of each quarter, similar to a company's performance summary, openly tell the market, investors, what they have achieved in the past quarter. Bright performance means that the stock price rises and vice versa. In general, a performance release will bring more fluctuations, up or down. Where to see when the results are published? Futu Financial Calendar function allows you to select the time of publication of financial reports for stocks of special interest. [Share Link: Extended Reading: How to Read Easily][Share Link: feats] What does volatility mean for options? Arbitrary space [OMG] Volatility is not the relationship between risk, options and fluctuations, more like “butter and bread”. Higher...](https://nnqimage.futunn.com/999908/editor_image/2430c1b6056131aab0a1a4ef7fe73433.png/big?imageMogr2/ignore-error/1/format/webp)
You can follow the above ideas to view their familiar investment purposesBefore and after the performance,The fluctuation of its stock price and options.
4) Should the performance be looked up or bearish? Look at the fluctuations
Backtracking historical data will find that bright performance does not necessarily lead to rising stock prices, but often accompanied by fluctuations. An option strategy that captures volatility can help investors achieve their investment goals.
5. beam combination (Strangle) is a good choice
First look at the strategy analysis chart: the selection box at the bottom of the option chain - strangle combination
It helps us estimate profit and loss to assist in the opening decision.
![This document is about 1200 words, 15 minutes to read for poor people: Have investment experience, want to know how to use the options tool to consolidate the movement after the financial year, test the profits of the mooer Main content: How to use the Strangle combination, this content is valid for a long time Hello everyone, I'm an option Sir. Welcome to “Options Strategy Tips”.[Respect][Let Me See][Keep Fighting] The most recent is the US stock market, where we usually see a mooer coin, a pre-earnings distribution, a post-performance loss, a ten-point profit. An introduction to the big family todayCommon combination strategies used by options masterfor sniping performance period.[Tongue] If you do not understand the options, you need to understand the operation principle of the next option >>[Share Link: Can a company's stock exchange be used to earn interest? How Tencent Employees Use Options to Benefit Low Risk] Why is the performance period “profitable”? The results of each quarter, similar to a company's performance summary, openly tell the market, investors, what they have achieved in the past quarter. Bright performance means that the stock price rises and vice versa. In general, a performance release will bring more fluctuations, up or down. Where to see when the results are published? Futu Financial Calendar function allows you to select the time of publication of financial reports for stocks of special interest. [Share Link: Extended Reading: How to Read Easily][Share Link: feats] What does volatility mean for options? Arbitrary space [OMG] Volatility is not the relationship between risk, options and fluctuations, more like “butter and bread”. Higher...](https://nnqimage.futunn.com/999908/editor_image/ebaf45e50d0739deb71d75cd3cad75c6.png/big?imageMogr2/ignore-error/1/format/webp)
The strategic analysis of the picture enlarged look, respectively, look at the buyer and the seller open position:
![This document is about 1200 words, 15 minutes to read for poor people: Have investment experience, want to know how to use the options tool to consolidate the movement after the financial year, test the profits of the mooer Main content: How to use the Strangle combination, this content is valid for a long time Hello everyone, I'm an option Sir. Welcome to “Options Strategy Tips”.[Respect][Let Me See][Keep Fighting] The most recent is the US stock market, where we usually see a mooer coin, a pre-earnings distribution, a post-performance loss, a ten-point profit. An introduction to the big family todayCommon combination strategies used by options masterfor sniping performance period.[Tongue] If you do not understand the options, you need to understand the operation principle of the next option >>[Share Link: Can a company's stock exchange be used to earn interest? How Tencent Employees Use Options to Benefit Low Risk] Why is the performance period “profitable”? The results of each quarter, similar to a company's performance summary, openly tell the market, investors, what they have achieved in the past quarter. Bright performance means that the stock price rises and vice versa. In general, a performance release will bring more fluctuations, up or down. Where to see when the results are published? Futu Financial Calendar function allows you to select the time of publication of financial reports for stocks of special interest. [Share Link: Extended Reading: How to Read Easily][Share Link: feats] What does volatility mean for options? Arbitrary space [OMG] Volatility is not the relationship between risk, options and fluctuations, more like “butter and bread”. Higher...](https://nnqimage.futunn.com/999908/editor_image/1adcdf8a158d32a486b5ff5a58a6d7fc.png/big?imageMogr2/ignore-error/1/format/webp)
From above, this strategy does not need to be considered rise or fall, as long as there are fluctuations, it is suitable for deployment.
6.1 Be the buyer or the seller?
Portfolio options strategy deployment, is an investment tool, which in the end requires investors to judge market trends and stock fundamentals. And then combine their investment objectives: want to be stable and happy, or willing to pay some costs to gain excess profits?
6.2 How do I consider it as a buyer?
I think that week of July 28, Tesla will have very big fluctuations, but I'm not sure whether the rise or fall. But the Fed had a meeting of interest in the week, judging that the share price would fluctuate more. I am willing to pay a certain cost, expect to make a profit on the due date. To increase the profitability, I cut the spread to $5 and construct the strangle combination shown on the left side of the image below, with two single-leg orders:
1) buy 1 Tesla expiration date is July 28, the exercise price of 262.5 put
2) buy a Tesla's expiration date is July 28, the exercise price of 267.5 call
The image below is shown to the right:
Expected to pay $720 to open the position, on July 28, if the stock price is 250, the expected profit of $519 (after paying $720, is expected to earn an additional $519)
![This document is about 1200 words, 15 minutes to read for poor people: Have investment experience, want to know how to use the options tool to consolidate the movement after the financial year, test the profits of the mooer Main content: How to use the Strangle combination, this content is valid for a long time Hello everyone, I'm an option Sir. Welcome to “Options Strategy Tips”.[Respect][Let Me See][Keep Fighting] The most recent is the US stock market, where we usually see a mooer coin, a pre-earnings distribution, a post-performance loss, a ten-point profit. An introduction to the big family todayCommon combination strategies used by options masterfor sniping performance period.[Tongue] If you do not understand the options, you need to understand the operation principle of the next option >>[Share Link: Can a company's stock exchange be used to earn interest? How Tencent Employees Use Options to Benefit Low Risk] Why is the performance period “profitable”? The results of each quarter, similar to a company's performance summary, openly tell the market, investors, what they have achieved in the past quarter. Bright performance means that the stock price rises and vice versa. In general, a performance release will bring more fluctuations, up or down. Where to see when the results are published? Futu Financial Calendar function allows you to select the time of publication of financial reports for stocks of special interest. [Share Link: Extended Reading: How to Read Easily][Share Link: feats] What does volatility mean for options? Arbitrary space [OMG] Volatility is not the relationship between risk, options and fluctuations, more like “butter and bread”. Higher...](https://nnqimage.futunn.com/999908/editor_image/72e38c0c7a883078957fadc68d8a095d.png/big?imageMogr2/ignore-error/1/format/webp)
6.3 As a seller, how do I consider it?
It is expected that there is a big fluctuation in the week, but I want to receive options, I want to “steady happiness.” Specific operations, please see the later text [real offer review]
How to get macroeconomic event dynamics?
Financial reports, corporate actions (distribution dividends, allotted bonus shares, rights shares, privatization, share split/consolidation) will affect the trend of stock prices, thus affecting the trend of options. In addition, macroeconomic events also affect stock price and option trend.
Futu's information calendar can be described as a comprehensive and useful overview of economic events in the industry.Can be filtered according to the date, event type, country, importance level, not only to see future events, but also support review historical events, can effectively help open positions, rewinding.
At the same time, we found that Futu's options are superior to this feature.
The following chart shows: On July 27 at 2:00, the Fed will announce the latest interest rate policy, which is a heavy event for the stock market. The following figure shows that you can also share and subscribe to the event.
Note: The calendar time is Beijing/Hong Kong time, the chart below corresponds to Eastern Time, July 26 at 2:00pm
![This document is about 1200 words, 15 minutes to read for poor people: Have investment experience, want to know how to use the options tool to consolidate the movement after the financial year, test the profits of the mooer Main content: How to use the Strangle combination, this content is valid for a long time Hello everyone, I'm an option Sir. Welcome to “Options Strategy Tips”.[Respect][Let Me See][Keep Fighting] The most recent is the US stock market, where we usually see a mooer coin, a pre-earnings distribution, a post-performance loss, a ten-point profit. An introduction to the big family todayCommon combination strategies used by options masterfor sniping performance period.[Tongue] If you do not understand the options, you need to understand the operation principle of the next option >>[Share Link: Can a company's stock exchange be used to earn interest? How Tencent Employees Use Options to Benefit Low Risk] Why is the performance period “profitable”? The results of each quarter, similar to a company's performance summary, openly tell the market, investors, what they have achieved in the past quarter. Bright performance means that the stock price rises and vice versa. In general, a performance release will bring more fluctuations, up or down. Where to see when the results are published? Futu Financial Calendar function allows you to select the time of publication of financial reports for stocks of special interest. [Share Link: Extended Reading: How to Read Easily][Share Link: feats] What does volatility mean for options? Arbitrary space [OMG] Volatility is not the relationship between risk, options and fluctuations, more like “butter and bread”. Higher...](https://nnqimage.futunn.com/999908/editor_image/be7646da2adb32da89a53d562f99416b.png/big?imageMogr2/ignore-error/1/format/webp)
8. real offer review (for sharing only, does not involve any investment advice)
Time back Friday, July 14.Prepare to deploy options for next week (due July 21). Tesla is known to make earnings after the market on July 19, then the share price fluctuations will be reflected in July 20.I just want to collect the “royallion” and be a strangle seller.
![This document is about 1200 words, 15 minutes to read for poor people: Have investment experience, want to know how to use the options tool to consolidate the movement after the financial year, test the profits of the mooer Main content: How to use the Strangle combination, this content is valid for a long time Hello everyone, I'm an option Sir. Welcome to “Options Strategy Tips”.[Respect][Let Me See][Keep Fighting] The most recent is the US stock market, where we usually see a mooer coin, a pre-earnings distribution, a post-performance loss, a ten-point profit. An introduction to the big family todayCommon combination strategies used by options masterfor sniping performance period.[Tongue] If you do not understand the options, you need to understand the operation principle of the next option >>[Share Link: Can a company's stock exchange be used to earn interest? How Tencent Employees Use Options to Benefit Low Risk] Why is the performance period “profitable”? The results of each quarter, similar to a company's performance summary, openly tell the market, investors, what they have achieved in the past quarter. Bright performance means that the stock price rises and vice versa. In general, a performance release will bring more fluctuations, up or down. Where to see when the results are published? Futu Financial Calendar function allows you to select the time of publication of financial reports for stocks of special interest. [Share Link: Extended Reading: How to Read Easily][Share Link: feats] What does volatility mean for options? Arbitrary space [OMG] Volatility is not the relationship between risk, options and fluctuations, more like “butter and bread”. Higher...](https://nnqimage.futunn.com/999908/editor_image/620fad67a7a93fc698871cda89494e4d.png/big?imageMogr2/ignore-error/1/format/webp)
The fluctuations on the day should be large, but the direction is unknown. I choose the larger spread: 40, that Tesla shares are harder to fall below 260, it is harder to rise 300.
![This document is about 1200 words, 15 minutes to read for poor people: Have investment experience, want to know how to use the options tool to consolidate the movement after the financial year, test the profits of the mooer Main content: How to use the Strangle combination, this content is valid for a long time Hello everyone, I'm an option Sir. Welcome to “Options Strategy Tips”.[Respect][Let Me See][Keep Fighting] The most recent is the US stock market, where we usually see a mooer coin, a pre-earnings distribution, a post-performance loss, a ten-point profit. An introduction to the big family todayCommon combination strategies used by options masterfor sniping performance period.[Tongue] If you do not understand the options, you need to understand the operation principle of the next option >>[Share Link: Can a company's stock exchange be used to earn interest? How Tencent Employees Use Options to Benefit Low Risk] Why is the performance period “profitable”? The results of each quarter, similar to a company's performance summary, openly tell the market, investors, what they have achieved in the past quarter. Bright performance means that the stock price rises and vice versa. In general, a performance release will bring more fluctuations, up or down. Where to see when the results are published? Futu Financial Calendar function allows you to select the time of publication of financial reports for stocks of special interest. [Share Link: Extended Reading: How to Read Easily][Share Link: feats] What does volatility mean for options? Arbitrary space [OMG] Volatility is not the relationship between risk, options and fluctuations, more like “butter and bread”. Higher...](https://nnqimage.futunn.com/999908/editor_image/43ceae2f83ac35d08c66a66ad05eb89d.png/big?imageMogr2/ignore-error/1/format/webp)
Time comes Friday, July 21.Tesla performance after the share price fell more, July 21 that day, the stock began to fall to 255, in fact, I do not panic, if the closing 1 hour before the stock price or no way back to more than 260, I will consider putting that leg roll to the next week (roll option is another topic, interested buddy You can leave a message to tell me).
Luckily, the stock price later slowly rose above 260. Since the stock price is too close to the strike price, I do not want to pick up the goods, you must put the leg to find a time to close the position. Call the leg without tube, the stock price certainly does not rise to 300 in 3 hours, I can stabilize the premium.
So, I at around 3:00pm local time (3:00 Beijing time), spend $14, buy the corresponding put, close the position.
Overall counted, the portfolio final profit (not counting fees): 450+335-14=$771
![This document is about 1200 words, 15 minutes to read for poor people: Have investment experience, want to know how to use the options tool to consolidate the movement after the financial year, test the profits of the mooer Main content: How to use the Strangle combination, this content is valid for a long time Hello everyone, I'm an option Sir. Welcome to “Options Strategy Tips”.[Respect][Let Me See][Keep Fighting] The most recent is the US stock market, where we usually see a mooer coin, a pre-earnings distribution, a post-performance loss, a ten-point profit. An introduction to the big family todayCommon combination strategies used by options masterfor sniping performance period.[Tongue] If you do not understand the options, you need to understand the operation principle of the next option >>[Share Link: Can a company's stock exchange be used to earn interest? How Tencent Employees Use Options to Benefit Low Risk] Why is the performance period “profitable”? The results of each quarter, similar to a company's performance summary, openly tell the market, investors, what they have achieved in the past quarter. Bright performance means that the stock price rises and vice versa. In general, a performance release will bring more fluctuations, up or down. Where to see when the results are published? Futu Financial Calendar function allows you to select the time of publication of financial reports for stocks of special interest. [Share Link: Extended Reading: How to Read Easily][Share Link: feats] What does volatility mean for options? Arbitrary space [OMG] Volatility is not the relationship between risk, options and fluctuations, more like “butter and bread”. Higher...](https://nnqimage.futunn.com/999908/editor_image/fb12aaac185534ef87769e7f29b5aaef.png/big?imageMogr2/ignore-error/1/format/webp)
9. option strategy recommended learning
Find out more useful options trading knowledge on Futu Options SIR! Click on the below image and you can quickly notice me!![This document is about 1200 words, 15 minutes to read for poor people: Have investment experience, want to know how to use the options tool to consolidate the movement after the financial year, test the profits of the mooer Main content: How to use the Strangle combination, this content is valid for a long time Hello everyone, I'm an option Sir. Welcome to “Options Strategy Tips”.[Respect][Let Me See][Keep Fighting] The most recent is the US stock market, where we usually see a mooer coin, a pre-earnings distribution, a post-performance loss, a ten-point profit. An introduction to the big family todayCommon combination strategies used by options masterfor sniping performance period.[Tongue] If you do not understand the options, you need to understand the operation principle of the next option >>[Share Link: Can a company's stock exchange be used to earn interest? How Tencent Employees Use Options to Benefit Low Risk] Why is the performance period “profitable”? The results of each quarter, similar to a company's performance summary, openly tell the market, investors, what they have achieved in the past quarter. Bright performance means that the stock price rises and vice versa. In general, a performance release will bring more fluctuations, up or down. Where to see when the results are published? Futu Financial Calendar function allows you to select the time of publication of financial reports for stocks of special interest. [Share Link: Extended Reading: How to Read Easily][Share Link: feats] What does volatility mean for options? Arbitrary space [OMG] Volatility is not the relationship between risk, options and fluctuations, more like “butter and bread”. Higher...](https://nnqimage.futunn.com/999908/editor_image/278071ec440831a6aac3023582ef409e.png/big?imageMogr2/ignore-error/1/format/webp)
Risk Disclaimers
This article is for informational and educational purposes only and does not recommend any specific investment strategies. Content is general, strictly for educational purposes and may not be suitable for all investors. The above does not take into account the financial situation, investment objectives, investment time frame or risk tolerance of individual investors. Before making any investment decision, you should consider your personal circumstances and associated risks.
Any examples provided herein are for illustrative purposes only and are not intended to reflect the investment results that any investor can expect. Options trading involves significant risks and may not be suitable for all investors. Before participating in any options trading and implementing any options trading strategy, investors must consider the characteristics and risks of options trading and consult with professional investment advisors when needed.
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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