Software stocks continue to strengthen—has concern over AI disruption dissipated?
Options Income Daily: MU, ORCL, ARM and More
by Monta HONG, CFA
Welcome to your Daily Income Opportunities from the Seller Dashboard. This section highlights short-term income opportunities from today’s options market. Each pick is evaluated based on annualized ROI, probability of expiring out-of-the-money, and premium yield from the Seller Dashboard.
GOOG Largest Options Trade
A trader sold 8,930 contracts of $Alphabet-C (GOOG.US)$ Sep 18, 2026 $360 Put at approximately $22.00, collecting a total premium of $19.65M (normal order, bid-side, opening position).
Selling a slightly ITM put (~$1.61 above the current $358.39 price) with 108 days to expiration is an bullish, high-conviction bet that GOOG will reclaim and hold above the $360 level through September 2026. The trader's breakeven at expiration is ~$338.00 ($360 − $22.00), meaning they profit as long as GOOG stays above that level. The $19.65M premium collected on a −3.81% down day signals strong conviction that today's selloff is a dip rather than a trend reversal, and the trader is effectively getting paid to buy the stock cheaper.
Top Picks of the Day
Cash Secured Put
Potential Margin required: $10,000 ($100 × 100)
Premium received: $210.50
ROI for 16 days: 2.15% ($210.50 ÷ ($10,000 - 210.50))
Annualized Return: 48.04%
Breakeven: $97.895 ($100 - $2.105)
Probability of Profit: 81.04%
BNP Paribas initiates coverage on CoreWeave with outperform rating and $192 price target.
Potential Margin required: $5,000 ($50 × 100)
Premium received: $117.50
ROI for 16 days: 2.41% ($117.50 ÷ ($5,000 - 117.50))
Annualized Return: 53.77%
Breakeven: $48.825 ($50 - $1.175)
Probability of Profit: 81.02%
IREN completes $3.65 billion investment-grade GPU financing to support AI cloud contract with Microsoft.
Potential Margin required: $8,000 ($80 × 100)
Premium received: $203.00
ROI for 16 days: 2.60% ($203.00 ÷ ($8,000 - 203.00))
Annualized Return: 58.17%
Breakeven: $77.970 ($80 - $2.030)
Probability of Profit: 79.90%
Deutsche Bank downgrades AST SpaceMobile from buy to hold and cuts target price to $106 from $117.
Potential Margin required: $84,000 ($840 × 100)
Premium received: $1915.00
ROI for 16 days: 2.33% ($1915.00 ÷ ($84,000 - 1915.00))
Annualized Return: 52.12%
Breakeven: $820.850 ($840 - $19.150)
Probability of Profit: 79.01%
Micron Technology stock breaks above $1,000 to hit record highs as analysts raise price targets to $1,500.
Covered Call
Buy 100 HPE: $4,700 ($47 × 100)
Premium received: $164.50
ROI for 3 days: 3.63% ($164.50 ÷ ($6,600 - 164.50))
Annualized Return: 396.75%
Breakeven: $64.355 ($66 - $1.645)
Probability of Profit: 93.40%
Hewlett Packard Enterprise surges after Q2 earnings beat expectations and raised full-year guidance.
Buy 100 AAOI: $18,567 ($185.67 × 100)
Premium received: $415.00
ROI for 16 days: 2.29% ($415.00 ÷ ($28,000 - 415.00))
Annualized Return: 51.08%
Breakeven: $275.850 ($280 - $4.150)
Probability of Profit: 92.86%
Buy 100 ORCL: $24,815 ($248.15 × 100)
Premium received: $565.00
ROI for 16 days: 2.33% ($565.00 ÷ ($33,000 - 565.00))
Annualized Return: 52.05%
Breakeven: $324.350 ($330 - $5.650)
Probability of Profit: 91.00%
Oracle partners with OpenAI on Michigan data center construction.
Buy 100 ARM: $40,885 ($408.85 × 100)
Premium received: $1285.00
ROI for 16 days: 3.24% ($1285.00 ÷ ($53,000 - 1285.00))
Annualized Return: 72.50%
Breakeven: $517.150 ($530 - $12.850)
Probability of Profit: 88.56%
Nvidia unveils Arm-based PC chip RTX Spark, sending Arm shares surge.
What cash secured put is
- You sell a put option on a stock you’re willing to own.
- You collect a premium upfront—your maximum profit if the option expires worthless.
- If the stock falls below the strike at expiration, you may be assigned and must buy 100 shares per contract at the strike price (effective cost = strike – premium).
- You keep enough cash to cover the potential purchase, hence “cash-secured.”
Typical uses:
- Income generation: earn regular premium income.
- Buying at a discount: get assigned shares at an effective lower price.
What covered call is
- You already own the stock and sell a call option against it (“covered”).
- You collect a premium upfront as income.
- If the stock stays below the strike, the call expires worthless and you keep both shares and premium.
- If the stock rises above the strike, you sell at that price (capping upside) but still keep the premium.
Typical uses:
- Income generation: earn option premiums while holding shares.
- Exit strategy: sell at a target price while generating extra income.
Strategy Notes
- Focus on higher probabilities for safer trades.
- Monitor implied volatility—higher IV means richer premiums but greater price swings.
Disclaimer: Options trading entails significant risk and is not appropriate for all customers. It is important that investors read the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Opening new options positions close to or on their expiration date comes with substantial risk of losses for reasons that include potential volatility of the underlying security and limited time to expiration. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period. Certain complex option strategies carry additional risk, including potential losses that may exceed the original investment amount. If applicable, supporting documentation for any claims will be furnished upon request.
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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