Why These Tickers? Why Now?
We’re seeing a surge in bullish options positioning in names that share three core traits:
- Strong recent price action, especially over the last 2–4 weeks
- Institutional favor as quarter-end approaches, when funds often rebalance into high-performing names for performance optics
- Low-volatility pullbacks or consolidations, making them ideal for premium-selling strategies
The common thread? These are names funds want on their books heading into the next earnings cycle, and macro trade optimism is creating space for more upside.
After today’s CPI numbers, the final macro test comes with Thursday’s PPI—and then next week’s FOMC decision on June 18.
Post-FOMC Positioning Is Already Underway
With the Fed widely expected to hold rates steady, traders are already placing bets on no surprises and dovish drift into Q3. The options market shows clear demand for:
- Short volatility positions into late June
- Spreads that expire shortly after the FOMC
- Trades that avoid earnings risk but ride macro catalysts
That’s why the top bull put spreads we’re seeing are clustered around June 21 expiration, giving traders clean exposure through macro without taking on unnecessary earnings or sector-specific risk.
Top Bull Put Credit Spread Setups
🔹 NVIDIA (NVDA)
- Spread: JUN 20 / Sell 138P / Buy 137P for a credit of around $0.20
- Risk/Reward: 4.56 to 1
Why it works: Momentum leader in AI. Short leg carries a delta of 0.23, and this setup stays well below current support. Implied vol still rich, offering solid credit.
SPY (S&P 500 ETF)
- Spread: 27 JUN / Sell 590P / Buy 589P for a credit of around $0.20
- Risk/Reward: 4.88 to 1
- Why it works: Pure macro play. The short put is under recent structure and benefits from VIX compression. One of the cleanest high-liquidity setups into June 20, assuming investors react positively to macroeconomic news.
- Spread: 27 JUN / Sell 590P / Buy 589P for a credit of around $0.20
Meta (META)
- Spread: 20 JUN Sell 680P / Buy 675P for a credit of around 0.95
- Risk/Reward: 4.88 to 1
- Spread: 20 JUN Sell 680P / Buy 675P for a credit of around 0.95
DoorDash (DASH)
- Spread: 18 JUL / Sell 200P / Buy 195P for a credit of around 1.00
- Risk/Reward: 4.95 to 1
Why it works: DASH is holding its trend line and seeing call-side OI build. Skew favors bulls. Short leg sits ~10% below current price.
Robinhood (HOOD)
- Spread: 20 JUN / Sell 69P / Buy 68P for a credit of around $0.27
- Risk/Reward: 3.17 to 1
Why it works: A slightly tighter structure with strong retail participation. Implied vol skew is bullish, and this spread offers defined risk under a multi-week base.
General Electric (GE)
- Spread: Sell 232.50P / Buy 230P for a credit of around $0.65
- Risk/Reward: 4.00 to 1
Why it works: Industrial names like GE are quietly rotating back into focus. This spread is placed under minor support with enough theta decay to make the premium worthwhile.
Wrap Up
Markets are pressing higher into inflation data and next week’s Fed meeting. Traders are selling downside risk on high-momentum names, betting that the soft-landing narrative won’t break.
These bull put spreads deliver:
- ✅ Strong credits
- ✅ Defined risk
- ✅ Tight timeframes with post-FOMC catalysts baked in
If PPI prints in line and the Fed stays calm? These setups could all reach their maximum profit by the end of the month.
PS – Note that all trades referenced in this article are for educational purposes and will not be tracked as trades in any services.
