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 $701 Put Calendar — 38% PoP, EV +8.4%, R:R 346%, score 0.61. Sell 2026-07-08 / Buy 2026-07-24. Not financial advice.SPY $695 Put Calendar — 38% PoP, EV +8.0%, R:R 343%, score 0.61. Sell 2026-07-10 / Buy 2026-07-31. Not financial advice.SPY $700 Put Calendar — 37% PoP, EV +7.5%, R:R 355%, score 0.61. Sell 2026-07-07 / 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 $715/716 bear call spread — 70% PoP, $0.88 credit, max risk $0.12, breakeven 715.88. Exp 2026-07-01. Not financial advice.AMD $538/540 bear call spread — 79% PoP, $1.72 credit, max risk $0.78, breakeven 539.22. Exp 2026-07-02. Not financial advice.
Dividend Capture
Hold into the ex-dividend date and sell a covered call to stack the dividend with call premium.
VZ dividend capture — 59% annualized ($0.71 dividend + $1.45 call premium), Medium risk, ex-div in 10d. Not financial advice.T dividend capture — 47% annualized ($0.28 dividend + $0.58 call premium), Medium risk, ex-div in 10d. 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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