I opened 4 lot(s) $GME 20240719 65.0 CALL$ ,Gme meeting is a non event. Kitty lost his claws, calls are exercised or sold. Without the burst effect using exercising of calls, he doesn’t have enough firepower to push up Gme. Let’s see if there are anymore catapults to push up GME. Perfectly fine with rolling further out in time since this is July option.
Day 16 Today learn to know myself better on trading 0dte option. DCA must have fund allocation plan ready. Market provided ton of opportunities, look for the setup. Following gurus to trade is ok provided you got to know his styles of trade. Today DCA size at 25k. Last contract let it run till mkt close. Tomorrow no trade day.
I opened 2.0 unit(s) $COIN STRADDLE 241018 PUT 135.0/CALL 135.0$ ,Managed to roll from 130 short straddle to 135 short straddle for premiums. Defensive position by pushing position further out in time while collecting premiums. When position goes bad, the gd thing is that option selling can be quite forgiving. Like this case. Being rolling the straddle upwards overtime to go nearer to the money.
I opened 1 lot(s) $AAPL 20240621 220.0 CALL$ ,I sold a covered call on Apple to earn some premium. The upward momentum in Apple's stock price might slow down.
I opened $SOFI 20240802 6.0 PUT$ ,Sold cash secured put on Sofi. Despite the bearish sentiment on sofi I am bullish long term. CEO Anthony Noto has been buying as well which gives investors confidence that Sofi stock is under valued at this price. I will gladly own Sofi at $6
Thanks primarily to my positions in $Rocket Lab USA, Inc.(RKLB)$ Today was a good day. I only have a small amount of money in tiger trade so far, but if I include my total holdings, I just made (on paper) a week's salary in a day. And it's tax free, cause in New Zealand we don't have capital gains tax, unless you are considered a trader, which I am not. I'm sure it will consolidate tomorrow but the announcement of around $85 million in new launch contracts was good news. The thing is, it wasn't that unexpected, and I believe this is just the tip of the iceberg. Expect more and larger contracts in the coming months fellow tigers;)
I opened $ARM 20240628 152.5 PUT$ ,📊 Same deal - 150 as the moderate zone of support for this week. Furthermore we are see loads of positive Vanna at 185 level for next week’s expiration. A sign of bullish potential as 185 acts as a strong « price magnet ». Here’s going in for the bullish kill! 🐃
I opened $AMZN 20240621 187.5 CALL$ ,🏬 Spotted a tremendous of positive vanna on the upside. I remain bullish for this two weeks. 187.5 seems like a good target level from the option flow data for this week’s expiration. Here’s betting on an upwards shot to that price level. On y va! 💪
I closed $FTNT 20240712 57.0 PUT$ ,Took profit on my cash secured put as it got rejected by the 200 day simple moving average. The 20 simple moving average doesn’t look like it is holding so better to protect my profits. Can always sell another put later
We all fall for it occasionally, but try to avoid taking a “breakout” trade the first time price tests your level. If you don’t absolutely love it, then wait for the retest.If you see price reject that level 2 times, you now have a prime candidate for a breakout trade! These are the times I like to pull the trigger on the candle close over the level, rather than wait for that possible retest. $iShares Russell 2000 ETF(IWM)$ with a perfect example of that today! 2 rejections at the Pre Market High gave us a great breakout trade to watch later on. Check the recap 👇Usually the breakout level if we fall back below it. Or I use the 13ema on the 2 minute chart Imagehttps://x.com/cs_tradess/status/1803127973014544406
NDX Daily Chart: Tech Wobbles, But NVDA Holds the Line
Six out of the seven tech mega-caps declined today. However, $NVIDIA Corp(NVDA)$ bucked the trend, finishing in the green and helping to support the $NASDAQ 100(NDX)$ alongside other smaller-cap companies.The blue line is a key level to watch. It acted as support today, and the daily candle formed a doji pattern. The RSI indicator is currently overbought at 81, a level not seen in several years.Consolidation or a healthy pullback is still expected for the index... unless King NVDA continues moving up. $136 is a resistance between Troposphere and Stratosphere. Nothing is impossible for this rocket ship, right? $NASDAQ(.IXIC)$
From personal experience:The best indicator of a peak in a stock is The Motley Fool's popular articles list.In 2013 it was $3D Systems(DDD)$ (down 90%+).In 2021 it was $Tesla Motors(TSLA)$ (down 55%).Today, it's $NVIDIA Corp(NVDA)$ Look for undercovered opportunities, not popular ones.Is AI different this time?Tech Stocks 1999: This time is different.2000: It wasn't different.Housing 2007: This time is different.2008: It wasn't different.3D Printing 2013: This time is different.2015: NopeSaas 2021: This time is different.2022: NopeAI in 2024: This time is different.....https://x.com/TravisHoium/status/1803110855178870828
$Tesla Motors(TSLA)$ I strongly believe Tesla can easily hit 200 USD this year. There are too many opportunities and great technologies in progress of development under Tesla. The tech giant and Tesla CEO, Elon Musk, recently announced that he is working on 'Tesla Master Plan 4'. Taking to his social media platform X, formerly Twitter, describing it as 'epic', Musk wrote, "Working on the Tesla Master Plan 4. It will be epic." The previous three master plans, shaping the company's direction and goals was released in 2006, 2016, and 2023 respectively. Master Plans Part One and Two of Musk's “master plan” for Tesla have been important pieces of literature at the company that, in many ways, laid the path to its success. Well, Tesla h