IOT Bullish Hedged Options StrategySF-based Samsara provides a platform connecting IoT devices to its Cloud, for operations such as tracking fleets of vehicles and other equipment. (Its ticker, IOT, alludes to the "Internet of Things" -- connecting a network of objects with sensors, processing ability, software, and other technologies that exchange data over the internet or another communications network.) Samsara's Connected Operations Cloud also takes data from its IoT devices and enriches them with AI capability, analytics, alerts and data security/privacy. It also has advanced applications for video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility. Customers include companies from a wide range of industries, including transportation, logistics, construction, utilities, energy, government, healthcare, education, manufacturing, food and beverage, supply chains in general.
Major indices $SPX $SPY $QQQ continue to rise today, with midterm elections settling down (historically a boon for stocks) and hopeful inflation data. With a positive outlook and the holiday season approaching, perhaps IoT and supply chain logistics would be a good investment. The most recent wicks also show investors trying to drive the price up, especially on smaller timeframes such as 2-4 hours, bumping it up to the EMA.
This strategy can make up to 20% (30% annualized) while protecting from a fall of up to 27% as of 7/21/2023.
Sell 1 $7.50 put (exp 7/21/23)
Sell 1 $10.00 put (exp 7/21/23)
Capital Required: $1492
Win Probability: HIGH
