Investment Reflection: GOLD Cash-Secured Put Option Strategy
Overview On June 5, 2024, I engaged in an options trading strategy by selling two cash-secured put options on GOLD $Barrick Gold Corp(GOLD)$ stock, with a strike price of USD 16 and a maturity date of July 12, 2024. At the time, GOLD stock was priced at USD 16.70. By selling these puts, I collected a premium of USD 35 per contract, expecting the stock price to stay above the strike price or planning to buy the stock at a discount if it dropped. Strategy and Execution The strategy behind selling cash-secured puts was straightforward: collect premium income while being prepared to purchase GOLD stock at a favorable price if assigned. This approach aligns with my bullish outlook on GOLD and my willingness to acquire shares at a lower price poin
$Apple(AAPL)$ The Apple Bubble Apple's P/E Ratio: 35x 10-year average: 22x Apple's EV/EBITDA Ratio: 27x 10-year average: 15x Apple's Price to Sales Ratio: 9.3x 10-year average: 5.0x Apple's Dividend Yield: 0.5% 10-year median: 1.3% Apple's Free Cash Flow Yield: 3% 10-year median: 6% We need to see accelerated revenue and earnings growth to justify these valuations!! @charliebilello on X
$Palantir Technologies Inc.(PLTR)$ This company as mention, i have keep an outlook. The growth may not be fast and furious [Anger] Background[Cool] Palantir is the business of data analytics that specializes in providing solutions for data integration, analysis, and visualization. Their software platforms are used mainly by government agencies, financial institutions, and other organizations to make data-driven decisions and solve complex problems. The Industry Outlook [Happy] The data analytics is expected to grow in the coming years. Businesses need actionable insights from their data. PLTR is well-positioned to benefit from this trend as organizations seek to optimize their
$Alphabet(GOOGL)$ $Alphabet(GOOGL)$ Didn't explore further on MAG 7 ETF but it's not a bad ideal 💡 now to put it in my watchlist. Current MGK chart 📈 is beautiful 🤩 too. I will wait for opportunity to 🪝 fish 🐟 . I prefer stocks as vested in Google. Still no signs of stopping 🛑 [Cool] Uptrend 📈 momentum still intact, MA lines and MACD are Bullish, RSI 77+ Strong 💪 zone. Maybe 🤔 196++ to 201++ might be a potential area to TP [Miser]
I opened $CleanSpark, Inc.(CLSK)$ ,Rather attractive buy. Couldn't pass this up despite already having many weeks of $14.5 puts waiting to be assigned. CLSK and IREN have comparable prices right now, BUT CLSK mined 445 BTC in June while IREN only mined 233 BTC. Also, CLSK has much stronger cash and BTC holdings than IREN, that makes CLSK a more attractive buy than IREN now IMO. IREN has somewhat reached its peak.
[US Election Series #02] Finding Certainty Amid Election Uncertainty: Defensive Assets Are a Must!
Hello, Tigers!Welcome to the second article in our US Election series! In this piece, I’ll focus on how to find relatively certain investment opportunities amid the uncertainties of the election season.Ps: In the previous article, I highlighted a bullish opportunity in $Tesla Motors(TSLA)$ following its initial surge and trading opportunities in $SPDR S&P 500 ETF Trust(SPY)$ and US Treasuries:Article link: [US Election #01] Tesla soar 10% overnight: What new opportunities arise with the US election?Market Overview (2024/06/17-2024/06/30)In the recent period, global major indices have shown mixed performance. US small-cap stocks have seen signific
I closed $AAPL 20240712 225.0 CALL$ ,Reversal play at previous day ORB back to into yesterday high, potential next scalp would be the break and hold of today ORB.
I opened $Broadcom(AVGO)$ ,A while ago, I sold part of AzvGO stock when it was at a high. Today, noticing its strong trend, I decided to buy back some shares.
I opened $CHWY 20240726 22.5 PUT$ ,🐕 CHWY is a rare meme stock with strong fundamentals. I’m taking the chance to capture more premium through the heightened volatility during this period. Here we go!
I opened $SMCI 20240712 1010.0 CALL$ ,SMCI: collect 0.8% premium on this sell call with strike at $1010 which is about 10% higher than current market price of $910. The duration of the contract will expire by end of this week 12th July. SMCI rose 9% from open this week. Took the opportunity to sell this call at the swing high. Looking at $1000 as the resistance wall.
I opened $NVDA 20240726 118.0 PUT$ ,NVDA: collect 1.4% premium on this NVDA cash secured put with strike at $118 which is about 9% lower than current market price. The duration is for 18 days expiring on 26th July. NVDA opens higher today and possibly testing its resistance after $130, if breaks will retest its previous high at $140. Shorter contract duration to allow some flexibility to adjust trade accordingly.
I opened $MMM 20240809 106.0 CALL$ ,MMM: collect 1.65% for this covered call on MMM. The strike was set at $106 which is about 4.5% higher than current market price. Contract duration is for 32 days to expire on 9th Aug. The counter had been pretty range bound with upward bias following its moving averages. Strike was set above holding cost so it’s a risk free trade.