[Publishing orders] The market is ups and downs, did your options make or lose?

Option Mover The Moo

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Daily Options Selling Strategy | IREN added to MSCI Index, Pinterest and Astera earnings miss

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 trading volume > 60,000 contracts; expiration date within 0-45 days; intraday options trading 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)$20260306 90.00P

Estimated margin required: $9,000 ($90 × 100)

Premium received: $192.50

21-day return rate: 2.19% ($192.50 ÷ ($9,000 - $192.50))

Annualized return rate: 37.32%

Break-even point: $88.075 ($90 - $1.925)

Bitcoin falling below $66,000 triggered declines in cryptocurrency-related stocks such as Strategy.

– Minimum unit of strategy combination example：Sell 1 contract $IREN Ltd (IREN.US)$20260227 30.00P

Estimated required margin: $3,000 ($30 × 100)

Premium received: $80.00

14-day return rate: 2.74% ($80.00 ÷ ($3,000 - $80.00))

Annualized return rate: 69.57%

Break-even point: $29.200 ($30 - $0.800)

IREN will be included in the MSCI USA Index on February 27.

– Minimum unit of strategy combination example：Sell 1 contract $Astera Labs (ALAB.US)$20260306 100.00P

Estimated required margin: $10,000 ($100 × 100)

Premium received: $215.50

21-day return rate: 2.20% ($215.50 ÷ ($10,000 - $215.50))

Annualized return rate: 37.61%

Break-even point: $97.845 ($100 - $2.155)

Astera Labs signed a $6.5 billion warrant agreement with Amazon, but the CFO's resignation triggered a 21% drop in stock price.

– Minimum unit of strategy combination example：Sell 1 contract$Circle (CRCL.US)$ 20260227 48.00P

Estimated margin required: $4,800 ($48 × 100)

Premium received: $111.00

14-day return rate: 2.37% ($111.00 ÷ ($4,800 - $111.00))

Annualized return rate: 60.11%

Break-even point: $46.890 ($48 - $1.110)

Circle signs a $920 million USDC revenue-sharing agreement with Lighter.

Covered Call

– Minimum unit of strategy combination example：Sell 1 contract $AST SpaceMobile (ASTS.US)$20260320 125.00C

Simultaneously purchase 100 shares of ASTS: $8,222 ($82.22 × 100)

Premium received: $249.50

35-day return rate: 3.13% ($249.50 ÷ ($12,500 - $249.50))

Annualized return rate: 32.33%

Break-even point: $122.505 ($125 - $2.495)

AST SpaceMobile issues $1 billion convertible bonds and repurchases $300 million in existing bonds.

– Minimum unit of strategy combination example：Sell 1 contract $Rivian Automotive (RIVN.US)$20260320 18.00C

Simultaneously buy 100 shares of RIVN: $1,400 ($14 × 100)

Premium received: $42.00

35-day return rate: 3.09% ($42.00 ÷ ($1,800 - $42.00))

Annualized return rate: 31.95%

Break-even point: $17.580 ($18 - $0.420)

Rivian's Q4 results exceeded expectations, with the delivery guidance for 2026 raised to 62,000-67,000 units, and the R2 model is set for delivery in Q2.

– Minimum unit of strategy combination example：Sell 1 contract $Arista Networks (ANET.US)$20260220 155.00C

Simultaneously buy 100 shares of ANET: $13,512 ($135.12 × 100)

Premium received: $274.50

7-day return rate: 2.07% ($274.50 ÷ ($15,500 - $274.50))

Annualized return rate: 102.65%

Break-even point: $152.255 ($155 - $2.745)

Arista Networks' Q4 results exceeded expectations, with pre-market share price surging 12%. Multiple investment banks raised the target price to $200.

– Minimum unit of strategy combination example：Sell 1 contract $Pinterest (PINS.US)$20260220 22.00C

Simultaneously buy 100 shares of PINS: $1,854 ($18.54 × 100)

Premium received: $40.00

7-day return rate: 2.21% ($40.00 ÷ ($2,200 - $40.00))

Annualized return rate: 109.16%

Break-even point: $21.600 ($22 - $0.400)

Pinterest's Q4 results missed expectations, triggering multiple investment banks to downgrade ratings, with pre-market share price plummeting 20%.

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.

- Monitor Implied Volatility (IV) – Higher IV means higher premiums, but also greater price fluctuations.

Make the most of the options seller zone to understand income strategies for selling options,Earn option premiums!

Editor/Rocky

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