Top 5 Weekly Options Plays + BONUS Plays! (June 22 - June 26)

Finance-focused summary (June 22–June 26): Wheel plays + top weekly options ideas

Strategy framing (wheel / selling puts)

The presenter uses selling put options as the front end of the wheel strategy:

• Sell cash-secured puts
• If assigned, sell covered calls

Stated benefits:

• Premium income weekly from put-selling
• Low time management (~10–15 minutes/day)
• High consistency / win rate (~95% of trades ending with premium before expiration, if rules are followed)
• Assignment is framed as leading to “high-quality companies at good prices,” enabling covered-call premium afterward.

Macro / news “table setting” for the week

Geopolitics

• The market tone is described as bullish for S&P and QQQ after the prospect of a peace deal in Switzerland.
• Headline cited: “Trump envoys arrive in Switzerland for Iran talks” (planned for Sunday)
• Key participants mentioned:
  • Iran + U.S. delegations at preliminary talks
  • Iranian FM Abbas Araghchi
  • Parliament speaker Muhammad Ghalab
• Timeline: 60-day negotiation round starts Sunday

Economic releases

• Tuesday: Global Manufacturing PMI and Services PMI
• Thursday (major): PCE inflation (core + “normal” PCE) for May
  • Expectations: mid-4% range
  • Caution: inflation may have been influenced by oil; oil recently declined after peaking, implying PCE may be less alarming
• Thursday: finalized GDP for Q1
• Overall framing: the week may be simpler since it sits between earnings and job-report-heavy periods.

Technical / market context (indexes + breadth)

Index context

• S&P
  • Support pocket: approximately 735 down to 725 (described as ~a 10-point support band)
  • Also notes the 50-day EMA
• QQQ
  • “Space off the lows”
  • Reference low: ~691
  • Argument: it would take something significant to break the weekly uptrend

Breadth metrics

• % above 20-day EMA: ~52% (roughly flat)
• % above 50-day EMA: ~53% (roughly flat / “median”)

Sector themes

• With easing yields / oil, the presenter expects possible re-broadening beyond semis/AI concentration
• Mentions potential upside themes in:
  • Financials
  • Rate-sensitive areas like utilities
  • Consumer retail

Key earnings catalysts (semis and volatility notes)

Micron (MU)

• Catalyst timing: after the close Wednesday
• Narrative: memory shortage still supporting demand
• Note: MU has previously sold off after earnings despite strong results
• Performance: MU up about ~150% over the last 3 months
  • Volatility expected, but not “thesis breaking”
• Guidance implication: possibility of guidance raising into 2H
• Mentions 2027 projections as “very good”

Cerebras (new IPO)

• First public earnings after IPO last quarter
• Framed as high uncertainty / high volatility
• Valuation described as “richly valued”

Semis risk framing

• “Earnings can be a casino,” but downside moves can create discounts.

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Top 5 Weekly Options Plays (wheel focus)

(Primarily described as weekly or Friday expirations around June 26.)

1) NVIDIA (NVDA) — sell puts near support

• Target strike area: around $200
• Valuation notes: ~22x forward P/E, ~0.9 PEG (described as cheap relative to growth)
• Technical support:
  • $200 down to $190 as a support pocket
• Expected move reference (as stated): ~20.35
  • Instruction: sell below the expected move
• Premium target method (“half a percent rule”):
  • Aim for ~0.5% per week
  • Heuristic: strike ÷ 2 ≈ target dollars of bid
• Specific strike ideas (Jun 26):
  • Consider $200 and $197.5 puts
  • If NVDA opens down, he considers ~$197.5 if premium targets still fit the rule

2) Amazon (AMZN) — sell puts in the mid-$230s support zone

• Technical setup:
  • Retest logic: former resistance turning to support
  • Mentions 12 EMA confluence
  • Support range: ~$240 down to ~$230 (he likes mid-230)
• Valuation notes: ~27 forward multiple, ~1.33 PEG
• Expected move reference: ~$237.08
  • Sell below that level
• Premium target (“half a percent rule”):
  • For mid/low $230s, target about ~$1.15–$1.20 bid
• Specific strike ideas (Jun 26):
  • $235 (and possibly $237.5)
  • If AMZN opens down ~2%, consider lower strikes like $232.5 if premium targets still work

3) Meta (META) — sell puts below expected move (plus a “2x small account” variant)

• Valuation notes: ~17x forward earnings, ~0.93 PEG
• Fundamentals mentioned:
  • Revenue up ~33% YoY (last quarter)
  • High margins and operating cash flow
  • Capex concerns also mentioned
  • Mentions a possible cloud business angle
• Technical support framing:
  • Support zone referenced as ~560 down to ~604
  • Big ticker expected move reference: ~558
  • Mentions ~200-week EMA as a potential “floor”
• Specific strike idea:
  • Highlights $55.25 puts as a premium/strike below expected move and within/below the support area
• “2 times leverage play” variant:
  • Mentions MEU as a “two times version” exposure
  • Expected move logic:
    • Big META expected move ~3.75%
    • Small/2x implies ~~6% away margin of safety
  • Strike/premium guidance:
    • Suggests $20 strike for the ~6% safety zone
    • Notes ~~1% premium around $20 strike (bid ~$0.20), with potentially lower bids (~$0.12–$0.15) for $19 / $19.5

4) Microsoft (MSFT) — sell puts as it approaches/enters deeper support

• Valuation notes:
  • Around ~23x forward multiple and ~1.3 PEG after adjusting “down about 10%”
• Sentiment driver:
  • MSFT grouped with SaaS concerns
  • Indirect AI-related coding fears / OpenAI pipeline concentration referenced
• Technical support:
  • Mentions breach below support and next support band:
  • Next support ~355 down to ~325
• Expected move reference: ~368
  • Preference: strikes below expected move
• Half-percent premium heuristic:
  • Targets roughly 365 as a premium target “fit”
• Strike ideas (Friday):
  • ~$365 baseline
  • If MSFT sells off more early week and becomes more oversold: prefer $360 or better
• “Small account” alternative:
  • Mentions MSFU
  • Caution: no weekly expirations—only monthly contracts
  • Premium target logic:
    • Monthly: target ~2% for the month (vs 0.5% weekly)
  • He references looking at ~20–21 strikes for July and implies deeper downside toward ~350-ish before assignment risk is more acceptable

5) CoreWeave (CORO) — sell puts far below expected move using implied volatility

• Fundamentals / valuation:
  • ~5 P/S for this year; ~2.65 for 2028
  • Market cap: ~$64B
  • Revenue backlog: ~$100B expected to grow
  • Execution phase now; profit not yet large, expansion expected later
• Technical setup (text is garbled, but framing is clear):
  • “Cheap around support” in the low $11s / $10–$11 area
  • Says CORO has respected support since April
• Expected move reference: ~$107.64
  • Sell below expected move
• Premium approach:
  • High implied volatility allows deep strikes to still pay decently
• Strike examples (Friday):
  • $100 strike paying about $1 (~1% for the week)
  • Half-percent rule examples: $94 / $93 paying about ~$0.45 (~0.45%–0.5%)
  • Preference: mid-90s to low-90s
  • Upside scenario noted: if CORO drops early week toward ~$113–$112, he expects “crazy strikes” (more favorable pricing further down)

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Bonus plays (smaller price / higher volatility names)

Bonus 1) TE Energy (ticker unclear in subtitles) — solar / vertical integration

• Described as a solar company with vertical integration
• Mentions:
  • Market cap ~$2.61B
  • Forward sales multiple ~2x–2.5x
  • EPS expected to turn positive by 2027
• Options framing:
  • Expected move: ~7.5 for the week
  • Prefers selling puts roughly $6–$8 on pullbacks
• Covered call logic after assignment (examples):
  • If assigned around $10, covered calls around $10 could yield ~$0.50 (~5% per week on assignment price, per his example)
  • If assigned higher (e.g., $12), covered call premium examples are smaller (~~1% weekly)

Bonus 2) Zeta (ZETA) — sell puts in the $17–$15 support zone

• Support:
  • About $18 down to ~$15; he likes $17–$15
• Valuation:
  • Forward sales multiples: ~3x this year, ~2.5x next year
• Fundamentals:
  • Rapid revenue growth; positive EPS
  • Revenue profile: ~$1.8B this year → ~$2B next year (as stated)

Bonus 3) SoFi (SOFI) — sell puts in the $16–$15 area

• Macro tie-in:
  • Mentions Fed meeting reaction
  • Suggests improving financials/breadth
  • Market pricing referenced: 1–2 rate hikes and no cuts
• Valuation:
  • Under 2x price-to-book
  • Under 1 PEG
• Options approach:
  • He has traded short puts on SOFI down in $16–$15

Additional bonus mention (ticker unclear in subtitles)

• ONAS (subtitle context ambiguous; text suggests a military/drone theme)
• He likes playing puts around $8–$7 if it breaks down
• Notes:
  • High implied volatility supports premium collection
  • Example: around $8 strike, could yield about ~$0.06 per contract (~~1% for the week, per his arithmetic)
  • Mentions covered call manageability after assignment (subtitles are inconsistent)

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Methodology / rules explicitly stated (framework)

Wheel strategy rules (sell puts first)

• The presenter references a full rule set (link mentioned as “Bull Market Wheel Rules Explained”), but the detailed numbered rules are not fully enumerated in the summary text provided.

Half-percent rule for premium targets

• Target ~0.5% premium per week
  • Equivalent framing: ~2% per month and ~~24% annualized
• Heuristic:
  • strike ÷ 2 ≈ target dollars of bid
• Additional guidance:
  • Sell below the expected move by expiration to improve odds of avoiding assignment/chasing.

Strike selection anchored to technical support

• Strikes are repeatedly tied to:
  • Horizontal support bands
  • Moving averages such as 50-day EMA / 200-week EMA (depending on the ticker)

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Key numbers & timelines to note

• Time window: June 22–June 26 (plays mainly for Friday, Jun 26 expiration)
• Macro calendar
  • Tuesday: Manufacturing + Services PMI
  • Thursday: PCE (May) and finalized Q1 GDP
• Earnings
  • Micron (MU): after close Wednesday
  • Cerebras: IPO-era first public earnings (timing implied this week)
• Inflation expectation: PCE around mid-4% range
• S&P support zone: 735 → 725
• Selected expected move / strike references:
  • NVDA: expected move ~20.35; target $200 / $197.5 puts
  • AMZN: expected move ~$237.08; target $235 (and possibly $237.5)
  • META: expected move positioning below ~558; target $55.25 puts; MEU variant target around $20
  • MSFT: expected move ~368; target $365 and possibly $360
  • CORO: expected move ~$107.64; target deep strikes like $100 and $94/$93
• Premium benchmark: ~0.5% per week

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Explicit recommendations / cautions

• Strong emphasis on following wheel rules to avoid assignment from chasing or writing puts without discipline.
• Warning that earnings can be a casino, especially with semis (notably MU).
• For leverage variants (e.g., “small account” leveraged exposures):
  • Don’t go “too heavy”
  • Keep strikes far enough away to maintain margin of safety using expected-move logic.

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Disclosures / disclaimers

• The provided subtitles/text do not explicitly include a “not financial advice” disclaimer.

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Presenters / sources mentioned

• Presenter: referenced as “I” (no name given in the subtitles)
• Source/tool: barchart.com for “expected move” lookups
• Geopolitical individuals: Abbas Araghchi, Muhammad Ghalab, and “Trump envoys”
• Mentioned fund manager: Leopold Ashen Brener (as part of a “situational awareness fund”) in the TE Energy bonus segment.