WhaleWatch scans the options market every morning for defined-risk setups worth a look. Today: 7 setups across calendar spreads, credit spreads, and dividend capture — all computed from live market data. Educational only; see the disclaimer below.
Calendar Spreads
Time-decay plays: sell the near-dated option, buy the longer-dated one at the same strike.
SPY $718 Put Calendar — 39% PoP, EV +8.0%, R:R 314%, score 0.64. Sell 2026-07-10 / Buy 2026-07-24. Not financial advice.SPY $719 Put Calendar — 39% PoP, EV +7.1%, R:R 298%, score 0.63. Sell 2026-07-10 / Buy 2026-07-24. Not financial advice.SPY $717 Put Calendar — 39% PoP, EV +8.6%, R:R 329%, score 0.63. Sell 2026-07-10 / Buy 2026-07-24. Not financial advice.
Credit Spreads
Defined-risk income: collect premium with a built-in safety buffer and a capped loss.
QQQ $743/744 bear call spread — 73% PoP, $0.38 credit, max risk $0.62, breakeven 743.38. Exp 2026-07-10. Not financial advice.SPY $738/737 bull put spread — 72% PoP, $0.33 credit, max risk $0.67, breakeven 737.67. Exp 2026-07-10. Not financial advice.
Dividend Capture
Hold into the ex-dividend date and sell a covered call to stack the dividend with call premium.
T dividend capture — 71% annualized ($0.28 dividend + $0.60 call premium), Medium risk, ex-div in 8d. Not financial advice.ABBV dividend capture — 40% annualized ($1.73 dividend + $6.20 call premium), Low risk, ex-div in 13d. Not financial advice.
Disclaimer: WhaleWatch is automated market research for educational purposes only and is not financial advice, a recommendation, or a solicitation to buy or sell any security. Options involve substantial risk and are not suitable for every investor. Figures are model estimates from delayed/free data and may be inaccurate. Do your own research and consult a licensed advisor before trading.
I have been investing for a total of 6 years. My curiousity sparked when I read Warren Buffett once said, “If you don't find a way to make money while you sleep, you will work until you die.” My drive hasn't quit!
Be the first to comment