$ServiceNow(NOW)$ Navigating the Tech Wave Amid Market Turbulence with NOW Kia ora Tiger traders. The stock, ServiceNow Inc. (NOW), faced a significant sell-off after hitting $800 and is now trending downward, currently trading at $741.70. Keep an eye on the $744-$750 range; if it doesn’t rebound from this level, it might head towards $723. Here are some options strategies you might consider in this situation: 1. Put Options: If you anticipate further decline, buying put options on NOW could profit from the downward movement. This allows you to benefit as the stock price falls. 2. Protective Puts: If you hold NOW shares and want to hedge against further losses, purchasing protective puts can provide downside protection while allowing you to m
🎁The Next $1Trln Market Company is $TSM, TSLA or LLY?
S&P 500 has hit its 35th new high of the year. An increasing number of companies have also been reaching new highs recently.$Taiwan Semiconductor Manufacturing(TSM)$ surged by 4.8% at one point, with its market value breaking the $1 trillion mark for the first time.However, it later pulled back, with a market value ultimately resting at $958 billion.TSMC is currently the eight-largest company by market capitalization, just behind Meta's $1.3 trillion market cap. This month, the probability of TSMC reaching a market cap of $1 trillion or a stock price of $200 has significantly increased. Following TSMC, companies like $Berkshire Hathaway(BRK.B)$, $Eli Lilly(LLY)$</
$SUPER MICRO COMPUTER INC(SMCI)$ SMCI's Stellar Surge: A Trader's Goldmine Kia ora Tiger traders. $SMCI hit $923 – that was the crucial red line to watch. It needs $923 for the move up! $SMCI is performing strongly with a current price of $916.00, up by 1.85%. The latest earnings estimate shows revenue at $5.29B and EPS at 8.099, indicating significant growth. Analyst recommendations show a 53% buy rating, with the stock historically showing an average upside of 10.74%. Let's leverage these insights to make informed trading decisions and aim for success! Happy trading ahead Cheers, BC 🍀 @TigerGPT@Tiger_chat
09 July Market Lacklustre. Conviction Low. Tesla Winner
Stock market saw another lacklustre day on Tuesday (09 July 2024), with the three major indices traded slightly higher or slightly lower than previous close. At the end of trading session, we eventually saw that the market closed in the mixed. Tuesday price action has helped both S&P 500 and NASDAQ gained +0.1% to move yet into a record high. But there was not a lot of conviction either from advancers or decliners, ahead of key and influential economic data releasing this week. Key June CPI and PPI Happening Thursday and Friday We have the NFIB Small Business Optimism Survey released which rose to 91.5 in June from 90.5. Another significant event is Fed Chair’s testimony before the Senate Banking Committee on Tuesday (09 July). That did not trigger much big reaction from the stock or b
$Palantir Technologies Inc.(PLTR)$Palantir Technologies is like a log rolling down a hill. The pace is picking up. The company continues to see strong growth in its government business, and now, thanks to artificial intelligence, the company's commercial segment is picking up even quicker.Despite some analysts posing concerns with PLTR's "valuation" and stating the the stock is "overpriced", I like what I see when it comes to Palantir,. The stock is up nearly 75% during the past 12 months, and nearly 60% so far this year. Clearly, the pessimistic analysts have been wrong.Palantir is an exciting company. It could experience its own "Nvidia moment" and the company's stock could become the potential AI trade of the decade.
Is it better to know more or less in stock investing?
In our previous discussion of Did You Have Beginner's Luck in Trading?, most tigers mentioned that they did have beginners’ luck. But the knowledge is indeed more important than luck after the beginner protection period.When you start trading stocks, you inevitably hear about famous companies and classic buying strategies, and you tend to be more conservative. However, after years of trading, as you receive more information and learn more strategies, you might actually end up losing money. When you have more options, it also means there are more opportunities to lose money. $Tiger Brokers(TIGR)$ Is it better to know more or less when it comes to investing in stocks?Leave your c
I closed $SQQQ 20240719 10.0 PUT$ ,Not all positions end well. Sqqq position got whacked by the recent rally. Well good thing is that options is more forgiving than stocks. Will roll for some credit while Defending position.
$Tesla Motors(TSLA)$ Yesterday, the highest strike for new Tesla call option opening interest was the September 20th $230 calls with 65,000 contracts added.The main contributor was a familiar roll trader that we all know - the same player who was previously short the $185 calls, covered that position on June 28th by buying the $200 calls, and then on Monday rolled that $200 call position up to the $230 strikes:Closed: $TSLA 20240816 200 Call$Opened: $TSLA 20240920 230 Call$Based on the order prints, it shows a 54,000 contract roll up to 68,000 contracts, with $310 million in closing trades and $270 million in new opening premium paid.Let's do the math on the upside target - $230 strike plus $39.80 is $269.80, aligning with our prior expectations o
A new cycle begins. After Economic & Jobs reports are out, its back to inflation cycle again. Consumer Price Index (CPI) opens the start of a month. Personal Consumption Expenditure (PCE) closes the end of a month. This Thu, 11 Jul 2024 CPI inflation report is expected to be the main event for US markets. This comes about: At the start of 2nd quarter corporate earnings reporting season. A handful of Treasury debt auctions. And potential developments in the presidential election race. Like all marquee economic releases, June CPI numbers could pose serious implications for markets. Investors need to pay close attention (especially) to coming inflation numbers because timing of the first interest-rate cut by the Fed, is at a forked road. Hypothetically - What If: A smaller than expected r
Jackpot - $2 Trillion Club. On Wed, 26 Jun 2024, Amazon netted a $2 trillion market capitalization for the first time ever, becoming the 5th companies in the world over $2 trillion valuation. This comes about as recent AI-driven tech rally continues to mint new milestones. Amazon’s market cap eclipsed $2 trillion in early Wednesday afternoon as its stock traded at a record, share price of $193, gaining about +3.5% and touched a market value of about $2.01 trillion. The online commerce giant joins $Microsoft(MSFT)$ , $Apple(AAPL)$ , Nvidia and $Alphabet(GOOG)$ as the world’s public companies worth $2 trillion or more. As of Fri, 05 Jul 2024 US market close, AMZN s
Selling covered call options (sell covered call) is a strategy adopted by many large funds. It can also be used by retail investors in the US stock market.You can get income while holding it. This strategy is very suitable for stocks that have long-term positions, but they have not moved but they are not in a bearish position recently or are in a bearish position recently. It can be a good strategy for mature investors to roll over when holding some targets for a long time. Income comparison Assume that investors hold 200 shares of Amazon from January 1 to December 17, 2021 If there is no operation during the holding period, the final total assets will be USD 675,484 If the covered call strategy is carried out, it will be operated once a week; if 100 shares are sold after the exercise, ano
Personal Insights on LLY‘s Acquisition of MORF and Options Plan
$Eli Lilly(LLY)$ , with ample cash flow, has made a significant premium acquisition of $Morphic Holding, Inc.(MORF)$ , which has a complementary business outlook. Investment banks have set a target price for $Eli Lilly(LLY)$ above $1040. If one is optimistic about the long-term prospects, it might be worth continuing to hold $Eli Lilly(LLY)$ and consider some call options and selling put options?Below are personal opinion, for discussion purposes only, and I welcome any additional insights from experts.Source:InvestorPlace1.Eli Lilly (LLY) acquires Morphic Holding, Inc. (MORF) at a premium, causing the latter's stock to sur
Volkswagen bets $5 billion on Rivian: Game-changer or alarm bell?
With AI now the talk of the town, it’s turbocharging the race toward smart electric cars. Whether it’s newbies like $Rivian Automotive, Inc.(RIVN)$ or the old guard, everyone wants a piece of the action in this century-old car revolution. $Volkswagen AG(VLKAY)$ just dropped a bombshell, pumping a cool $5 billion into Rivian and agreeing to cook up a tech venture together. In return, VW gets dibs on Rivian’s software and electric car tech, teaming up to whip out "next-gen" battery-powered wheels and software with partners. "Tesla’s nemesis" ?Post-announcement, Rivian’s stock skyrocketed over 50% in after-hours trading, clawing back half its year-to-date losses.Once hailed as "