Daily Options Selling Strategy | US Stock Rally Triggers Overbought Alert! Holding Space and Quantum Stocks but Worried About a Pullback? How to Use Options for Flexibility

I. Market Barometer: US stocks continue to rise, with strong momentum in both space and quantum computing sectors

In the previous trading session, all three major US stock indices closed higher, led by the technology growth sector, with space and quantum computing concept stocks showing significant upside.Space-related stocks continued to strengthen amid expectations of SpaceX's IPO, while the quantum computing sector is seeing a valuation reassessment driven by NVIDIA's moves into quantum computing.

Due to the consecutive gains in US stocks, especially the Nasdaq index, which has risen for twelve consecutive sessions, the market may face short-term overbought pressure, particularly for stocks in the space and quantum computing sectors that have surged recently.Investors holding these stocks are now facing a dilemma: whether to take profits but risk missing further gains, or to hold on but fear a market pullback. In this scenario, an options selling strategy can hedge risks and allow flexibility.

II. Focus on Hot Targets

$Rocket Lab (RKLB.US)$: Space concepts gain catalyst + investment banks raise target prices, Neutron rocket becomes a core variable for valuation

Leading commercial space company $Rocket Lab (RKLB.US)$ Closed at $82.93 in the previous trading session, up 12.68%.

The company has recently seen a dense array of catalysts, with investment banks frequently raising their target prices:On April 14, the acquisition of Mynaric, a German laser communications giant, was completed, integrating optical communication terminal technology vertically and further strengthening control over key segments of the satellite manufacturing supply chain. On April 7, Citizens analysts upgraded their rating from Hold to Buy, setting a target price of $85.On April 17, Roth MKM raised its target price from $90 to $100.

The company's cornerstone is the Electron small rocket. As of March 2026, it has completed 84 launches, placing over 249 satellites into orbit, making it the global leader in small satellite launches. The company is developing the Neutron, a medium-lift launch vehicle with greater capacity. If the test flight is successful, it will unlock significant potential in the medium rocket market, directly competing with SpaceX’s Falcon 9, and is expected to become a core driver for the company's turning point in profitability. However, the company is still in a loss-making phase, with an estimated EBITDA of -$155 million for 2025. If the progress of Neutron does not meet expectations, there could be risks of valuation reassessment.

$IonQ Inc (IONQ.US)$DARPA contract triggers valuation reassessment; breakthrough in quantum networking opens up new possibilities

Quantum computing concept $IonQ Inc (IONQ.US)$ Closed the previous trading day up 3.31% at $44.68,This week, it has surged over 55% cumulatively.

The company announced two major positive developments this week:First, it was selected for the Defense Advanced Research Projects Agency (DARPA) Heterogeneous Architecture for Quantum (HARQ) program, a multi-year defense science project aimed at developing practical-scale quantum systems, redefining IonQ from a 'quantum hopeful' to 'one of the few companies bet on by US national security agencies.' Second, it successfully achieved photon interconnection between two independent ion trap quantum systems, demonstrating the world’s first commercial-grade quantum computer collaborative processing load. This breakthrough is a milestone for the scalability of quantum computing.

A contract with DARPA implies long-term financial support and technical validation; once government clients commit, cooperation tends to expand continuously.However, the company is still in a phase of significant losses, with a net loss of approximately $150 million projected for 2025. The current stock price is $44.68, and analysts' target price of $65 indicates room for growth. The stock has moved above the 60-day moving average, signaling the end of a downtrend, but short-term MACD indicators suggest overbought conditions, meaning the stock may retest the moving average.

III. Seller Options Strategy

1. Holding 100 shares $Rocket Lab (RKLB.US)$while simultaneously selling 1 RKLB 20260508 105C

2. Holding 100 shares $IonQ Inc (IONQ.US)$while simultaneously selling 1 IONQ 20260515 60C

Opportunity filtering logic:

The overall rise in the space and quantum computing sectors, driven by positive market news, has led to substantial short-term gains. $Rocket Lab (RKLB.US)$、 $IonQ Inc (IONQ.US)$ Both companies are currently operating at a loss.Moreover, stocks related to space and quantum computing generally experience high volatility. After becoming technically overbought, share prices may undergo consolidation or adjustment.

At this point, by selling call options, if the stock price consolidates and retreats, one can collect substantial option premiums (due to extremely high implied volatility and rich premiums), reducing the cost basis of holding shares and hedging against downside risks. If the stock price continues to rise above the strike price, shares can be sold at the target price, locking in exit profits.

IV. Risk Control Reminder

Although the seller strategy has a high probability of success, investors must still manage risks effectively:

– Position management is key:The biggest risk for sellers lies in black swan events. It is recommended thatthe margin requirement for any single underlying should not exceed 20% of total capital. Never sell options beyond your capacity to handle them just for the sake of greedy premium collection.

– Timely rolling of covered call options:When a covered call option becomes deeply in-the-money (stock price far exceeds the strike price), and if the underlying stock is still viewed favorably, decisively 'roll' the position — that is, close the current option by buying it back and simultaneously sell an option with a later expiration date and a higher strike price to avoid having the stock called away at a low price.

Case Selection Criteria

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

Underlying selection rule: For each underlying asset, choose the one with the highest probability of profit. Probability refers to the likelihood that the option contract will not be exercised, i.e., the out-of-the-money probability. The higher the probability, the lower the chance of being exercised, and the greater the likelihood of securing stable option premiums. Data source: Futubull. The information is based on closing prices as of the previous trading day; all data and information in the options seller zone are for reference only and do not constitute any investment advice.

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Options Risk Warning

An option is a contract that grants the holder the right, but not the obligation, to buy or sell an asset at a fixed price on a specific date or at any time before that date. The price of an option is influenced by various factors, including the current price of the underlying asset, the strike price, time to expiration, and implied volatility. Implied volatility reflects the market’s expectations for the level of volatility in the option over a future period. It is a data point derived inversely from the Black-Scholes option pricing model and is generally regarded as an indicator of market sentiment. When investors anticipate greater volatility, they may be more willing to pay a higher price for options to hedge risks, resulting in higher implied volatility. Traders and investors use implied volatility to assess the attractiveness of option prices, identify potential mispricings, and manage risk exposure.

Disclaimer

This content does not constitute any offer, solicitation, recommendation, opinion, or guarantee of 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 make such orders unexecutable. You may 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. Options trading carries extremely high risks and is not suitable for all investors. Investors should carefully readCharacteristics and Risks of Standardized Options。

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