To The Moon

Overview of the Trade On 10 May 2024, I sold 3 contracts of a cash-secured put option on GOLD $Barrick Gold Corp(GOLD)$  with a strike price of USD 17 and a maturity date of 24 May 2024, receiving an option premium of USD 0.35 per contract. Subsequently, on 13 May 2024, I decided to roll over these 3 contracts to a new maturity date of 14 June 2024 and received a net option premium of USD 0.20 per contract. The GOLD market conditions played a significant role in these decisions and outcomes. Market Conditions and Trade Adjustment Initial Sale: - Date: 10 May 2024 - Strike Price: USD 17 - Maturity Date: 24 May 2024 - Option Premium: USD 0.35 per contract Market Conditions: On 10 May 2024, the US employment figures showed sign

I closed $GOLD 20240614 17.0 PUT$  ,I closed the position for USD 0.24 per contract, securing a profit before the new maturity date when GOLD prices surged to around USD 17.80 on 17 May 2024. Please see my post entitled 'Investment Reflection: Cash Secured Put Option on GOLD' published on 18 May 2024.

On May 9, 2024, I initiated a vertical put spread on GOLD $Barrick Gold Corp(GOLD)$  by selling a put option with a strike price of USD 17 and buying a put option with a strike price of USD 16, both maturing on June 21, 2024. This strategy, known as a bull put spread, allowed me to collect an initial premium of USD 39. The rationale behind this strategy was to capitalize on the expectation that GOLD would remain above USD 17 until the maturity date. Initial Strategy and Expectations The vertical put spread is a limited-risk, limited-reward strategy designed to benefit from a bullish outlook on the underlying asset, in this case, GOLD. By selling the higher strike put (USD 17) and buying the lower strike put (USD 16), I aimed to generate inco

I closed $GOLD VERTICAL 240621 PUT 17.0/PUT 16.0$  ,By closing the position at a net profit of USD 21, I locked in a gain and avoided the risk of adverse price movements that could have occurred closer to the expiration date. While time decay generally benefits option sellers as the expiration date approaches, unexpected market events could have eroded the initial profit potential. Please see my post on 'Investment Reflection on GOLD Vertical Put Option Strategy' published on 18 May 2024.

Overview On May 8, 2024, I initiated a cash-secured put option for Palantir Technologies $Palantir Technologies Inc.(PLTR)$   with a strike price of $20 and a maturity date of June 21, 2024. The option was sold for $71, reflecting the strong market sentiment towards Palantir, which was trading at $23.52 at the time. Palantir's impressive 214.84% growth over the past year and its solid financial performance influenced my decision. However, on May 17, 2024, I decided to close the position by buying back the option for $31. This transaction resulted in a net profit of $40. Market Context and Initial Position Palantir has been a standout performer, with significant growth in its stock price and robust financia

I closed $PLTR 20240621 20.0 PUT$  ,Closing the position early allowed me to secure a profit while avoiding potential risks associated with holding the position until maturity. Please see my post on 'Investment Reflection on Palantir Cash-Secured Put Option' published on 18 May 2024.

Overall Market Overview Bitcoin is enjoying a resurgence, boasting a 9.7% increase this week as traders anticipate potential interest rate cuts following a softer-than-expected inflation report. The cryptocurrency surged past $66K midweek, driven by lower-than-expected consumer price index (CPI) data and tepid retail sales figures. This bullish sentiment has invigorated market activity, with investors eyeing potential policy shifts from the Federal Reserve. Bitcoin's Surge to $66K Bitcoin's price shot up by 8% to over $66K on Wednesday after inflation and retail sales reports indicated a cooling economy. This move reflects growing investor confidence in a more favorable monetary policy environment.  Impact on GBTC, COIN, MSTR, CLSK, and MARA GBTC (Grayscale Bitcoin Trust)

If salary were no object, my ideal job would be a journey through diverse careers, allowing me to immerse myself in various fields and enrich my life with unique experiences. I would start as a chef, mastering the art of culinary creation. The kitchen would become my playground, where I could experiment with flavors and techniques, crafting dishes that tell a story of passion and creativity. This experience would not only satisfy my love for food but also teach me the discipline and precision required in the culinary world. Next, I would take on the role of a food critic. Traveling the globe, I would taste and evaluate cuisines from different cultures. This job would be a passport to a world of flavors, where every meal is an adventure and every restaurant a new chapter in my gastronomic j

If I didn’t need to consider salary, I would explore a variety of jobs, experiencing different aspects of work and life. I could be a chef, a food critic, a travel blogger, or even a novelist, weaving these experiences into a rich tapestry of life stories. [Cool]

Overall Market Overview The artificial intelligence (AI) market is experiencing rapid growth and transformation, with companies across various sectors racing to secure their positions as leaders in this revolutionary field. Key players such as Intel $Intel(INTC)$  , Google $Alphabet(GOOG)$  , NVIDIA $NVIDIA Corp(NVDA)$  , and others are making significant strides in developing AI technologies and infrastructure. This market report delves into the strategies, advancements, and future outlooks of these leading companies, highlighting the competitive landscape and potential winners in the AI battle. Semiconductor Giants: Intel's Strate