I opened $HSY 20240517 220.0 CALL$ ,HSY: collected 0.55% premium on Hershey for this covered call. The contract period was over 60 days as it was sold far out of the money when HSY was at $196. Since the past 2 months, HSY shows some signs on reversal and moved up 15% from its low at $180. I think HSY can maintain momentum as long as it can trade above its 200 days MA current at around $197. Will continue to sell new sets of covered call to reflect the higher valuation in coming days.
I opened $SOFI 20240517 7.0 PUT$ ,SoFI: collected 4.85% premium on SoFi over a period of 24 days for this cash secured put. Strike price was chosen at support of $7 and this week it finally holds after going below $7 at weekly expiry for the past 2 consecutive weeks. The side way movement between $6.5 to $8 provide some level of tradable prediction allowing the collection of good premiums these past few weeks. Will continue to monitor and adjust my trade from here.
I opened $DPZ 20240517 540.0 CALL$ ,DPZ: Collected $130 or 26% ROI per contract for this bear call on Dominoes Pizza over a period of 18 days. This is the 1st leg of the winning sold bear call option set at $540 which expired worthless as expected. DPZ had been consolidating and drift lower after the initial 5.6% pop up to as high as $539.99 on earning on 29th April and now gave up most of the gain and settled at $513.03 at closing on 17th May. There is a gap fill back to around $500 which may provide temporary support for now.
I closed $DPZ 20240517 545.0 CALL$ ,DPZ: Collected $130 or 26% ROI per contract for this bear call on Dominoes Pizza over a period of 18 days. This is the 2nd leg of the losing bear call protection set $5 higher at $545 which expired worthless as expected. DPZ had been consolidating and drift lower after the initial 5.6% pop up to as high as $539.99 on earning on 29th April and now gave up most of the gain and settled at $513.03 at closing on 17th May. There is a gap fill back to around $500 which may provide temporary support for now.
I opened $NVDA 20240517 950.0 CALL$ ,NVDA: collected $125 or 25% ROI per contract for this bear call on NVDA over a period of 11 days. This is the 1st leg of sell call set at $950 which expired worthless as expected to collect the full premium. NVDA had been running up ahead of its earnings on 22nd May and momentarily run up to $958 on 16th May which would made this a maximum losing trade. The reversal on 17th May helped to ensure full collection of the premiums and respected the resistance level set during the trade setup. Glad it turned out the way it had intended which mother luck plays a huge role for this one. 😅
I closed $NVDA 20240517 955.0 CALL$ ,NVDA: collected $125 or 25% ROI per contract for this bear call on NVDA over a period of 11 days. This is the 2nd leg of the losing bear call protection set $5 higher at $955 which expired worthless as expected. NVDA had been running up ahead of its earnings on 22nd May and momentarily run up to $958 on 16th May which would made this a maximum losing trade. The reversal on 17th May helped to ensure full collection of the premiums and respected the resistance level set during the trade setup. Glad it turned out the way it had intended which mother luck plays a huge role for this one. 😅
I closed $AMD CUSTOM 240531 PUT 135.0/PUT 140.0$ ,AMD: collected $85 or 17% ROI per contract over 17 days for this bull put spread. The contract were closed 2 weeks ahead of expiry as already hit >90% of potential premium ahead of time. The strikes were $140/$135 so max risk was $500 per contract. AMD had a good run up after reversing at around $141 right before the support level at $140 which is a strong support near the 200 days MA. It had since moved up 16% from its low and hovering at overbought region soon.
I opened $BABA 20240614 95.0 CALL$ ,BABA: collect 1.6% premium by selling covered call on BABA with strike price at $95. The options will expire on 14th June which is 28 days away. BABA had broke out of the channel and hit high of $90.46 before settling at $88.06 at closing. Took the opportunity to sell new set of covered call with higher strike price (still at 0.2 delta). As of now, I have 4 sets of covered call on BABA with at least 2 in the money at $83 and $87. As long as stock hold its ground, will cash out some of them and redeploy for other trades.
I opened $DELL VERTICAL 240607 CALL 175.0/CALL 170.0$ ,DELL: sold bear call spread on DELL with strike at $170/$175. The expiry is on 7th June which is 3 weeks away. Premium collection is $88 for max risk of $500 so that translate to about 17.5% ROI. DELL had been moving up aggressively ahead of earnings with high expectations on new products that cater for their server and AI related solutions. Market is expecting it and with perfection. the current price is extended and overbought and looking for a quick swing trade betting DELL will be a sell the news event on earnings.