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 $711 Put Calendar — 52% PoP, EV +5.3%, R:R 122%, score 0.62. Sell 2026-07-02 / Buy 2026-07-17. Not financial advice.QQQ $706 Put Calendar — 51% PoP, EV +5.6%, R:R 124%, score 0.61. Sell 2026-07-02 / Buy 2026-07-17. Not financial advice.QQQ $704 Put Calendar — 52% PoP, EV +5.8%, R:R 127%, score 0.61. Sell 2026-07-02 / Buy 2026-07-17. Not financial advice.
Credit Spreads
Defined-risk income: collect premium with a built-in safety buffer and a capped loss.
QQQ $716/717 bear call spread — 78% PoP, $0.56 credit, max risk $0.44, breakeven 716.56. Exp 2026-06-26. Not financial advice.SPY $736/737 bear call spread — 74% PoP, $0.56 credit, max risk $0.44, breakeven 736.56. Exp 2026-06-26. Not financial advice.
Dividend Capture
Hold into the ex-dividend date and sell a covered call to stack the dividend with call premium.
BMY dividend capture — 41% annualized ($0.63 dividend + $1.16 call premium), Medium risk, ex-div in 7d. Not financial advice.T dividend capture — 37% annualized ($0.28 dividend + $0.54 call premium), Medium risk, ex-div in 15d. 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!
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