I closed 1 lot(s) $AMD 20240517 165.0 CALL$ ,Close out this Covered Call that opened yesterday, taking quick profit first. Will find new opportunity to enter again.
$Apple(AAPL)$ After Apple's major events, it's not uncommon to see a temporary dip in the stock price. This trend prompts investors to wonder if Apple will leverage artificial intelligence (AI) to steer the company back on its growth trajectory. Despite short-term fluctuations, many remain bullish on Apple's long-term prospects. The post-event stock price movement has become somewhat of a pattern for Apple. Investors often react to the initial hype around new product announcements by selling off shares, leading to a brief downturn. However, this short-lived dip is typically followed by a stabilization or even a rebound as the market digests the news and refocuses on Apple's strong fundamentals. One of the key
I opened 1 lot(s) $PLTR 20240510 31.0 CALL$ ,Decided to ride the high IV before earnings, sold this covered call on Palantir at $31 strike, a good 25% higher then its current trading value. If it do gap up that much after earnings, am happy to take some profits at this strike.
I opened 1 lot(s) $AMD 20240517 165.0 CALL$ ,Sell to open this Call as AMD has so far ran up to 3.5%. Was expecting it to stall out, but the stock price still kept going up, now looking at technical, it likely will met with some resistance at the 20 EMA when it gets to mid 157 level, perhaps then, we may see it pulling back.
I closed 1 lot(s) $TSLA 20240510 202.5 CALL$ ,Sold this call earlier, now closing with 47% profit. Shall enter again if Tesla do head back up later part of the day.
I closed 3 lot(s) $PLTR 20240517 18.0 PUT$ ,Close some of the Palantir CSPut contracts before it’s earning report after market closes. Happy with almost 70% profits with these few lots. This $18 put will likely expire worthless, as that’s a -27% drop from the current price, but just wanted to secure some profits first. Exciting day ahead for Palantir.
I opened 1 lot(s) $TSLA 20240510 202.5 CALL$ ,Sold a CC option on Tesla with it going almost 3% in the early trade. Likely to level off no more then 5% today.
I closed 1 lot(s) $AMD 20240503 170.0 CALL$ ,This is a great example of benefiting from IV crush. This contract was sold just about 1 weeks ago, IV was high due to the earning report being on the same week of the contract expiration. At the time when this contract was sold, the stock price was at 157.75, with a strike of $170 premium collected was $245. Due to underwhelming earning reports, AMD stock fell 10 over percentage and along with the IV crush after earnings, this contract was almost rendered worthless,
I closed 1 lot(s) $TSLA 20240503 190.0 CALL$ ,This CCOption on Tesla has expired worthless but not without any dramas! This contract was sold on the day after its earnings reports, as the stock pops even Though they misses estimates, the stock went pass the strike of 190 at some point when Musk was in China finalizing his FSD deal. It was only the last 2-3 days that this contract started to turn into profit.
I opened 1 lot(s) $AMD 20240510 160.0 CALL$ ,This will be the 3rd CC option on AMD since taking Assignment of the underlying from a put option about 2 weeks ago. 1 expiring later today will be very much money in the pocket, just letting that expire worthless and keeps the full premium. Opening this before the weekend to ride some time decay over the weekend (presumably the stock price stays flat on Monday opening bell). Again selling a short dated (1 week) contract for easier management.