I opened $BIDU 20240823 83.0 PUT$ ,BIDU: collect 1.95% on this cash secured put for BIDU with strike at $83 which is about 7% lower than market price. Contract duration was for 30 days expiring 23rd Aug. BIDU hit the low on 2nd July at around $85 before rebounding sharply higher to $104 only to reverse its course. Earnings on 22nd Aug likely increase volatility for this trade. Will monitor how the trade goes.
I closed $Kanzhun Limited(BZ)$ ,I closed all my short positions in Boss today. Shorting Chinese stocks might not yield high returns if the Nasdaq trend improves.
*Global markets continue to struggle as tech stocks sell off 🇺🇸 S&P 500: -0.51% 📉 🇺🇸 Nasdaq: -0.93% 📉 🇪🇺 Stoxx 600 Index: -0.71% 📉 🇯🇵 Nikkei 225 Index: -3.28% 📉 🇭🇰 Hang Seng Index: -1.77% 📉 🇨🇳 CSI 300 Index: -0.55% 📉 * U.S. stocks extended losses, with the S&P 500 and Nasdaq Composite down -0.5% and -0.9% $Nasdaq100 Bull 3X ETF(TQQQ)$ $Semiconductor Bull 3X Shares(SOXL)$ respectively, giving up earlier gains, while economically sensitive sectors such as energy, industrials and financials rose as investment Investors are paying attention to the upcoming price data to respond to the possible direction of large-cap stocks.
I opened $iShares Silver Trust(SLV)$ ,I bought SLV ETF as part of my portfolio diversification. With the possible cutting of interest rate by the Feds, I believe that Silver prices will rise. Silver is also used commercially apart from being a precious commodity like Gold.
$TSLA Vertical 240726 205.0P/215.0P$ Shirt term bearish on Tesla. Strong support at 200. Decided to do a bear spread rather than an outright short. Might initiate a bullish call next week.
Not really linked to the recent sea of red in nasdaq. Haha. Been lagging in my portfolio for a while. Has continued selling covered calls on it, to slowly recover from the loss. Well, There’s ups and downs in investing . Just how do we manage it
Recap. On 19 Jul 2024, $CrowdStrike Holdings, Inc.(CRWD)$ has a massive outage that brought many industries and organizations, including banks, airlines, train operators, and supermarkets, around the world to a standstill. As a result, its stock price suffered a major dip, and analysts’ new price targets reflected the magnitude of the recent event. Stock Re-Forecast Some market experts have reduced their price targets on CRWD shares or downgraded their rating. (1) Piper Sandler, Managing Director & Senior research analyst, Rob Owens who: Changed his price target to $310, from $400 (a 22.50% downgrade). Maintained the ‘neutral’ score. (2) BTIG, Managing Director and Security & infrastructure software analyst, Gray Powell : Downgraded CR
Wednesday saw the "AI trade" hit a rough patch, with the "Magnificent Seven" suffering their biggest one-day drop since October 2022.图片According to $DJIA(.DJI)$ market data, the market-cap-weighted index of these seven companies plummeted 4.1%, marking a cumulative decline of 9.8% since their recent peak on July 10. Over the same period, the Roundhill Magnificent Seven ETF tanked more than 11%, entering correction territory for the first time since last October.MV vanished by over $1.7 trillionSince the July inflation report fell short of expectations, markets have grown more optimistic about multiple Fed rate cuts by the end of 2024, with the first cut anticipated in September. Since then, the combined market value of the "Magnificent Seven" has
Is China Preparing for Economic War? Stockpile Secrets Exposed | 🦖 #TheInvestingIguana EP469
🟩 China's been on a massive commodity shopping spree, and it's got the world wondering: what's really behind their billion-dollar stockpiles? Join Iggy, your favorite financial iguana, as he dives deep into China's secret commodity hoarding and uncovers the shocking truth that every investor needs to know. In this eye-opening video, we'll explore how China's stockpiling frenzy could be a sign of something much bigger - a potential economic war on the horizon. Despite a slowing economy and sky-high prices, China's been setting records for imports of key resources, from oil and gas to metals and grains. But is this just a case of increased consumption, or is there a hidden agenda at play? Iggy will take you on a thrilling journey through the complex world of geopolitics and economics, reveal
* Global markets fall as tech stocks sell off; Hang Seng falls to three-month low on corporate earnings worries 🇺🇸 S&P 500: -2.31% 📉 🇺🇸 Nasdaq: -3.64% 📉 🇪🇺 Stoxx 600 Index: -0.61% 📉 🇯🇵 Nikkei 225 Index: -2.30% 📉 🇭🇰 Hang Seng Index: -0.91% 📉 🇨🇳 CSI 300 Index: -0.63% 📉 * U.S. stocks tumbled, with the S&P 500 and Nasdaq Composite down -2.3% and -3.6% respectively, with the latter posting its biggest one-day percentage drop since October 2022 as Tesla's weak earnings report dampened market sentiment. * Asia-Pacific markets continued to slump, with the Hang Seng Index and the CSI 300 Index falling -0.9% and -2.1% respectively, as concerns about weak earnings may have an impact on already depressed market sentiment, following recent salary cuts in the financial services industry , headwi
[Options] Goldman Sachs gives attractive straddle options for July earnings season
Goldman Sachs is once again recommending straddle options, a strategy where investors buy both call and put options. Goldman believes that with U.S. stocks reaching new highs this year, options might be a more attractive alternative to owning the stock outright.Goldman Sachs identified 25 companies where they believe the implied volatility (IV) underestimates the potential stock price movement on earnings day, making straddle options appealing. Among these, notable picks include $Meta Platforms(META)$$Eli Lilly(LLY)$ and $Marathon Digital Holdings Inc(MARA)$Meta Platforms (META): With earnings set for July 31, Goldman suggests buying straddles before IV spikes. T
$SE 20240816 65.0 PUT$$SE 20240816 72.5 CALL$$Sea Ltd(SE)$ The Protective Collar Strategy A protective collar consists of: a long position in the underlying security a put option purchased to hedge the downside risk on a stock a call option written on the stock to finance the put purchase.
$Alphabet(GOOGL)$ I prefer to wait and Buy the Dip [Happy] [Happy] instead of buying the ETF. Overall Long Term direction of Google is still 👆👆.. Markets Corrections or Retracement will always be part of the games 😉
Geopolitical Tension Should Not Be the Reason to Avoid ASML
ASML ( $ASML Holding NV(ASML)$ ) is currently trading 20.58% below its all-time high of $1098.95 and remains 2.55% higher than its previous low of $852.84. Key Points About ASML: 1) Lower Earnings Growth Due to Reduced EUV Deliveries, Expected to Change in 2H2024 Both sales and net profit beat street expectations: Net sales: €6.24 billion vs €6.03 billion expected Net profit: €1.58 billion vs €1.43 billion expected 2Q2024 sales saw a -9.55% YoY growth, while operating income declined -18.93% YoY. The primary reason for lower revenue/operating income growth is the reduced EUV deliveries in Q1 and Q2. Only 19 EUV systems were sold in Q1 and Q2 2024, compared to 31 during the same period last year. During ASML’s earnings call, CEO Christophe Fouq