Jun. 29 at 6:58 PM
Software names are shifting into a more range-bound, mean-reversion type of tape right now. Not trending cleanly, more of a “sell strength, buy weakness” environment where premium looks a bit richer on both sides.
$MSFT STO
$350P 30–45 DTE
$PLTR STO
$105P 30–45 DTE
$NOW STO
$90P 30–45 DTE
$CRM STO
$145P 30–45 DTE
What stands out here is the lack of sustained directional follow-through. When leadership names start chopping instead of trending, implied volatility tends to stay elevated enough to make structured short premium setups more interesting than outright directional bets.
Not chasing downside here, just leaning into time decay while price discovery stays messy. This is the kind of regime where patience + theta tends to outperform conviction trades.
