OptionsPlay DailyPlay Ideas Menu – May 1st, 2026

💰 The Income Generators (High Probability, Cash Flow)

• AVGO: Bullish Put Spread rolling into June as semiconductors rotate back into outperformance following Mag 4 results.
• SHEL: Bullish Put Spread leveraging elevated oil prices driven by geopolitical tensions and Washington’s blockade pressures.

🚀 The Growth Seekers (Higher Risk, Max Reward)

• TER: Bullish Call Spread capitalizing on a recent pullback to seek aggressive upside in a proven semiconductor winner.

🛡️ The Portfolio Protectors (Hedges & Bearish Bets)

• (No trades in this category today)

1. AVGO ($417.43) – The Semiconductor Rotation

• We’re betting on: If Broadcom maintains its structural support as the broader semiconductor sector resumes its leadership, the stock will stay safely above our $410 strike through mid-June.
• The Trade: Sell to Open the AVGO Jun 18, 2026 410/380 Put Vertical @ $11.42 Credit.
  • 🟢 BUY TO OPEN Jun 18, 2026 380 Put @ $14.00
  • 🔴 SELL TO OPEN Jun 18, 2026 410 Put @ $25.42
• Trade Metrics: POP: 56.42% | Collect $1,142.00 per contract vs. a Max Risk of $1,858.00 (1.6:1).
• The Setup: This is a roll of a highly successful trade from a few weeks ago that is now up 75%. We are rolling this into the June put spread as semis rotate back into outperformance. Yesterday’s Mag 4 results definitively confirmed the growth needed to support massive capital expenditure across the AI infrastructure industry, providing a powerful fundamental tailwind for Broadcom.
• Management:
  • ⚠️ Warning: Earnings is scheduled for Jun 03, which may require active management.
  • Stop Loss: Buy back the spread at $22.84 (100% of credit received).
  • Take Profit: Buy back the spread at $5.71 (50% of max gain).

2. SHEL ($90.67) – The Energy Floor 

• We’re betting on: If geopolitical gridlock and economic blockades continue to place a floor under global crude markets, Shell will maintain its bullish trajectory above our $90 strike.
• The Trade: Sell to Open the SHEL Jun 18, 2026 90/85 Put Vertical @ $1.87 Credit.
  • 🟢 BUY TO OPEN Jun 18, 2026 85 Put @ $1.63
  • 🔴 SELL TO OPEN Jun 18, 2026 90 Put @ $3.50
• Trade Metrics: POP: 59.39% | Collect $187.00 per contract vs. a Max Risk of $313.00 (1.7:1).
• The Setup: We are initiating this position on the back of our continued view that oil prices will stay elevated. As Iran digs in and Washington seeks maximum economic pressure via the blockade, top-tier energy producers like Shell remain highly insulated. Technically, the stock is showing robust Relative Strength (8/10) and operating within a confirmed multi-timeframe Bullish Trend.
• Management:
  • ⚠️ Warning: Earnings is scheduled for May 07, which may require active management.
  • Stop Loss: Buy back the spread at $3.74 (100% of credit received).
  • Take Profit: Buy back the spread at $0.93 (50% of max gain).

3. TER ($343.47) – Seeking Hardware Upside

• We’re betting on: If Teradyne continues to ride the renewed relative strength in the semiconductor complex, a powerful upside breakout will push the stock deep into our target profit zone.
• The Trade: Buy to Open the TER Jun 18, 2026 340/400 Call Vertical @ $21.90 Debit.
  • 🟢 BUY TO OPEN Jun 18, 2026 340 Call @ $35.55
  • 🔴 SELL TO OPEN Jun 18, 2026 400 Call @ $13.65
• Trade Metrics: POP: 36.33% | Pay $2,190.00 per contract vs. a Max Reward of $3,810.00 (1.7:1).
• The Setup: Teradyne was a trade from April 2nd that is up around 75% of max gain. The recent pullback gives us another opportunity to seek further upside as semis are starting to show some relative strength again after taking a breather this week. Transitioning this to a Growth Seeker debit spread allows us to capture maximum upside reward on the breakout.
• Management:
  • Stop Loss: Sell the spread at $10.95 (50% loss on premium).
  • Take Profit: Sell the spread at $38.32 (75% gain on premium).