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.
QQQ $685 Put Calendar — 41% PoP, EV +6.7%, R:R 276%, score 0.61. Sell 2026-07-10 / Buy 2026-07-24. Not financial advice.QQQ $687 Put Calendar — 41% PoP, EV +7.3%, R:R 262%, score 0.61. Sell 2026-07-10 / Buy 2026-07-24. Not financial advice.QQQ $732 Put Calendar — 52% PoP, EV +7.3%, R:R 136%, score 0.60. 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 $745/746 bear call spread — 71% PoP, $0.80 credit, max risk $0.20, breakeven 745.80. Exp 2026-07-17. Not financial advice.QQQ $752/753 bear call spread — 79% PoP, $0.54 credit, max risk $0.46, breakeven 752.54. Exp 2026-07-17. 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 — 56% annualized ($0.28 dividend + $0.61 call premium), Medium risk, ex-div in 7d. Not financial advice.ABBV dividend capture — 36% annualized ($1.73 dividend + $5.33 call premium), Low risk, ex-div in 12d. 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 curiosity sparked when I came across a line from Warren Buffett: “If you don't find a way to make money while you sleep, you will work until you die.” My drive hasn't quit!
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