Option Trades Today

Bonds are crashing and rates are going higher. That is not what the administration wants. And if you think bonds stay near the low end of their recent range, there is a simple short put trade that pays you $11 a day in theta to wait. Jamal walks through a live short put on the 108 strike of the US Treasury bond futures with 44 days to go. The bond is trading at 111-16, sitting at the very low end of its range. The 108 strike is about one standard deviation away, 18 deltas, 87% probability of profit, and $390 in max credit for roughly $2,700 in buying power. A bond point is worth $1,000 and each tick is $15.62, all explained live on the tastytrade platform.

Options trading on Microsoft when the market is at all-time highs but MSFT is nowhere near its peak. Put ratio spread setup: buy one 390 put, sell two $380 puts in June for a $200 credit with 86% probability and a break even down near $370.

Options trading on McDonald's after it popped to $291 on earnings and then reversed hard to $282. Live trading a jade lizard here means selling a call spread at the 292/295 strikes to collect premium and adding a 275 short put below to get the long delta needed to catch the move back up. The jade lizard option strategy fills at $5.55 with 23 long deltas, 75% probability of profit, and no risk to the upside. Risk only below 270, a level McDonald's has not seen in years. Entry discipline is everything on a name with wide markets.

Options trading the memory stock mania without paying for Micron or SanDisk at all-time highs. How to trade options on the same theme with less noise: the South Korea ETF EWY holds Samsung and SK Hynix, both directly tied to the memory boom, and the call skew on EWY is significant. This live call ratio spread walkthrough buys the 190 call and sells two 205 calls in June for a 45 cent credit, creating no downside risk, up to $1,500 in profit potential if EWY drifts to 205, and risk only if the ETF rips more than 25 to 30% higher in 40 days. A different way to play a trade everyone is already watching.

Omnidirectional bullish earnings play in NFLX

COST - Bullish Diagonal spread / buying earnings month SEP selling AUG with long delta, defined risk