
Option Trades Today
Get exclusive trade ideas from Tony 'The BAT' Battista on this Tuesday / Thursday podcast.
Episodes

Bloom Energy Trade Idea
Bloom Energy has gone from $55 to $280 in a year on the AI infrastructure story. It's down today with an IV rank of 72 and monthly implied volatility over 120%. That means the options market is pricing in a stock that can double or go to zero inside of a year. The trade is a 1x2 put spread: buy the 165 put, sell two 150 puts in July, for a $1.50 credit. POP sits at 95% and the break-even is around

First Red Day in 9: Here's the Microsoft Trade
Nine days of gains. Then this. All four indices are in the red and Microsoft is lagging on top of that down today without having participated much in the rally either. That setup is exactly what this trade looks for. IV rank on MSFT is at 58, which is high for this name. The trade: buy the 405 put, sell two 395 puts in the July cycle with 44 days to go. That gets filled for a $3.30 credit, an 82

ServiceNow Trade Setup
ServiceNow is down almost while the market sits at all-time highs. That kind of divergence is exactly what options traders look for. The trade: buy one 110 put, sell three 100 puts for a net credit of $190. That structure gives you a break-even near $95, right where the stock was trading just a few weeks ago. Probability of profit sits at 86% and theta decay runs at $10 a day. The only catch is bu

Apple Stock Short Strangle
Apple is down nearly 2% today and IV rank is climbing toward 40. That combination is exactly what you look for before selling a strangle. The trade: sell the 280 put and the 335 call in the July cycle with 46 days to expiration, both at one standard deviation. The credit collected is over $400, theta decay runs at $13.50 a day, and the break-even on the downside sits near a level Apple has not tra

Bullish Trade on Gold
Gold and Apple have almost the same correlation to the stock market. Apple is at all-time highs. Gold is sitting at $415 doing nothing. Tony Battista thinks gold is about to catch a bid. The trade structure turns that thesis into a bullish put ratio spread with an 87% probability of profit and a break even below a one standard deviation move. Anywhere above that break even, the trade wins. If gold

Covered Call on Robinhood Stock
Robinhood stock dropped from $120 to $75. Most traders would either hold and hope or cut the loss. Jamal bought it and immediately sold a call against it. A covered call turns a stock position into an income trade. You buy the stock, sell an upside call, and collect premium that lowers your cost basis every single cycle.

Iron Condor Trade on GOOGL
Google is down three dollars on a day when the market is ripping higher. That kind of relative weakness is exactly the setup Jamal looks for before putting on a neutral iron condor trade. The logic: Google has a $26 expected move. The short strikes are placed outside that range on both sides. If the stock just does nothing for the next 29 days, the trade works. Defined risk, limited buying power

Parking Money in Crypto Options
The market is selling off but the VIX is down 30 cents. No capitulation, no volatility expansion, nothing worth selling in equity indexes right now. So Jamal is going to crypto. IBIT is the Bitcoin ETF, it is sitting at the lower end of its recent range, and selling a strangle around it gives you almost $5 a day in theta decay with relatively cheap buying power. When you do not know what to do i

Tesla Strangle Trade
Tesla has traded between $350 and $500 over the past six months. Jamal is going outside that entire range on both sides with a short strangle in June. The logic is simple: if the stock could not break out of that range during one of the wildest six months in recent market history, why would it do it in the next 34 days? IVR of 16 makes this a cheaper setup than usual, but volatility has been tic

Bonds Crashing. Here is the Trade
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 en

Microsoft Lags. Here Is The Play
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.

Jade Lizard on McDonald's Stock
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 t

EWY Call Ratio Spread
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, cre

LUV Naked Put

Delta Neutral Strangle in AMD

Broken Wing Butterfly in SPX

Omnidirectional Slightly Bullish Trade in SLV

Patent-Pending Broken Wing Butterfly in SPX

Stock Substitution in TLT

Bullish Pre-Earnings Trade in HOOD

Diagonal Spread in RBLX

Broken Winged Butterfly in SPX

Naked Put in ORCL

Long Delta in MSFT

Long Delta in AVGO

Jade Lizard in MSFT

Broken Wing Butterfly in TSLA

Call Spread in AVGO

Post Earnings Jade Lizard in ORCL

Reverse Jade Lizard in SLV

1x2 Call Ratio Spread in OKLO

Omnidirectional Put Ratio Spread

Bullish Trade in NVDA

Jade Lizard in BA

Jade Lizard in PLTR

Omnidirectional Broken Winged Butterfly in SPX

Bullish Diagonal Spread in COIN

Short Put in ORCL

Post Earnings Ratio Spread in META

Bullish Diagonal in VST

Debit Spread in DIA

Iron Condor in AVGO

Broken Wing Butterfly in SPX

Strangle in CRM

Broken Winged Butterfly in /GC

Omnidirectional Call Spread in BABA

Post Earnings Strangle in ORCL

Delta Long Strangle in /CL

Omnidirectional Trade in GOOGL

Short Delta Strangle in ETH

Jade Lizard in IBIT

Trade in PLTR

Delta Long Strangle in ENPH

Short Delta Strangle in GDX

Omnidirectional Bearish Trade in /GC

Earnings Play in NFLX
Omnidirectional bullish earnings play in NFLX

Bearish Broken Winged Butterfly in SPX

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

Delta Neutral Trade in /CL

Delta Neutral Strangle in FSLR

Double Ratio Spread in /CL

Directional Bearish Trade in DIS

Omnidirectional Broken Winged Butterfly in SPX

Double Ratio Spread in TSLA
Omni directional "Bat Wing" trade AKA "Double ratio" spread! With call skew in TSLA

Delta Neutral Trade in /CL

Bearish Delta Diagonal Spread in AAPL

Bullish Put Ratio Spread in UNH

Ratio Spread in PLTR & Covered Call in ENPH
2 trades today! ENPH covered call and a post earnings 1:3 put ratio spread in PLTR

Delta Neutral Iron Condor in NFLX

Classic Strangle in TSLA

Ratio Spread in /GC

Call Ratio Spread in GLD

Bullish Ratio Spread in MU

Naked Put in NKE

Ratio Spread in /CL

Synthetic Strangle in QQQ
Delta neutral iron condor synthetic strangle

BWB in SPX and a Jade Lizard in AAPL
2 trades! Classic patent pending BWB in SPX and a Jade Lizard in AAPL into earnings!

Classic Strangle in BIDU
Classic strangle in a high IVR stock that has been range bound BIDU

Call Ratio Spread in IBIT
IBIT Bitcoin ETF 1:3 call ratio spread omni directional slightly bearish, that uses 2K in buying power in a margin account. IRA compatible at tastytrade!

Bullish Strangle in AFRM
What does a bearish ratio spread and a naked put in AFRM create? A bullish strangle on steroids!
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