TBO - Names Update 8-19

8-19

ORCL call spread into ~0.45.

V put spread into ~0.60, could still come in more, consider putting a bid in as the underlying is rallying here.

DDOG call spread into ~0.34.

In DDOG consider selling the August 28, 2026 Expiration (28AUG26) Expiration 225-275 Iron Condor for about $1.90 mid price with stock around $249.29

Consider DDOG sell 28AUG 225-275 IC

DDOG

Buy 215 Put
Sell 225 Put
Sell 275 Call
Buy 285 Call

Minimum $1.90 with mid around $2.00

Technicals: Straddle is $19.15(IV Move on TOS is $19.45 ) and strikes are $25 to the downside and $26 to the upside. The Average True Range is $15.72

Risk: The total risk of the trade is defined by the distance between your long and short strike of your spread ($10) minus the amount of money that you sold the Iron Condor for.  For this spread we are getting around $2.00 so our risk is $8.00

Reward: Our reward will be maxed out if the stock stays between our two short strikes and will be equal to the amount you sold the condor for.  Maximum reward would be $2.00

Adjustments: Our upside morph will be executed only when the stock has broken up above our upside resistance line and commences a technical breakout. Our downside morph will be executed only when the stock has broken down below our downside support line and commences a technical breakdown.

***Trade Management: For those wanting to reduce their risk sooner, these levels can be used as breakouts for an early morph:

Upside early morph levels that can be considered: $264.48(FLAT) with the stock moving higher

Downside early morph levels that can be considered : $221.60 (FLAT)) with the stock moving lower

08/18 SCS IDEAS for expiration 28AUG, 2026

Idea #1:

BEARISH– Selling CALL Vertical

ORCL $144.29

Consider selling the ORCL 28AUG 155-165 CALL spread for roughly $1.25(min $1.10) with stock BELOW $146 (current $144.40)

Consider ORCL 28AUG 155-165 CS

Risk: $10 vertical spread less premium collected of spread of $1.25 = $8.75 of risk

Max reward is $1.25

ATR: $7.17

Straddle: $10.60

Morph levels: Stock ABOVE $153.26 consider making an adjustment with market that is moving HIGHER!

Ideas #2

BULLISH– Selling PUT Vertical

V $365
Consider selling the V 28AUG 355-345 PUT spread for roughly $1.13(min $0.90) with stock ABOVE $363.5 (current $365)

Consider V 28AUG 355-345 PS

Risk: $10 vertical spread less premium collected of spread of $1.13 = $8.87 of risk

Max reward is $1.13

ATR: $7.10

Straddle: $10.50

Morph levels: Stock BELOW $357.78 consider making an adjustment with market that is moving LOWER!