Cryptocurrency Market Soars on November 21!Bitcoin surged past the $97,000 mark and continues to trade within a volatile range.Major Developments:White House Considering Crypto Policy Role:According to insiders, former President Donald Trump's team is exploring the creation of a dedicated White House position for cryptocurrency policy. The team is reportedly evaluating candidates for this role, which would be the first of its kind in White House history.MicroStrategy's Massive Bitcoin Holdings:MicroStrategy (MSTR), the public company holding the most Bitcoin, now has unrealized profits exceeding $14.7 billion from its Bitcoin investments.As of November 17, 2024, the company holds 331,200 Bitcoins, acquired at an average price of approximately $49,874 per coin, with a total cost of $16.5 bi

Post-Market on November 20th (Eastern Time), AI Chip Giant NVIDIA (NVDA.US) to Announce Q3 FY2025 ResultsSince OpenAI released ChatGPT in November 2022, $NVIDIA Corp(NVDA)$ stock price has been skyrocketing. Since then, NVIDIA's share price has surged over 800%, with its market capitalization exceeding $3.5 trillion, surpassing Apple to become the most valuable company in the world and securing its place in the Dow Jones Industrial Average.Q3 FY2025 Earnings ForecastMarket expectations indicate that NVIDIA is likely to achieve $33.028 billion in revenue, representing an 82.27% year-on-year growth, with earnings per share (EPS) estimated at $0.70, up 88.11% year-on-year. This would mark the sixth consecutive quarter of record-breaki

Trump Team to Prioritize Musk’s Key Agenda: Reports Suggest Federal Regulations Hindering Tesla’s Autonomous Driving Could Be Eased, Directly Benefiting MuskOn Monday, Bloomberg reported, citing insiders, that President-elect Trump’s team plans to make “establishing a federal framework for fully autonomous vehicles” one of the Department of Transportation’s key priorities.If new regulations enable the deployment of fully driverless cars, Tesla CEO Elon Musk stands to benefit directly, having staked Tesla’s future on advancements in autonomous driving and artificial intelligence. Tesla is planning a large-scale rollout of cars without steering wheels or pedals, with Musk announcing in October plans to begin mass-producing Robotaxis in 2026.Currently, however, federal regulations pose signif

What’s the deal with option buyers and sellers?Many people are familiar with buying stocks, but may not understand the role of a seller. Let me explain the roles of buyers and sellers in options trading. An option contract is an agreement in the financial markets (a binding agreement). The buyer pays to obtain the right to buy or sell a stock at a set price, and they can choose whether or not to exercise this right.The seller, on the other hand, is the one receiving payment and is therefore obligated to fulfill the agreement. This obligation may involve buying the stock at the agreed price or selling their holdings at a specific price, depending on whether it’s a call or put option.For a put option, the buyer pays for the right to sell the stock at an agreed-upon price within a certain per

Alibaba will announce its earnings for fiscal Q2 2025 on Friday, November 15, before the U.S. market opens. The market expects Alibaba’s Q2 revenue to reach 240.037 billion yuan, representing a 6.78% year-over-year growth, with earnings per share (EPS) estimated at 11.07 yuan, a 2.76% increase year-over-year.In response to the strong Chinese asset performance at the end of September and early October, Alibaba’s U.S.-listed stock briefly peaked at $117.82 before experiencing some volatility. For this quarter’s results, investors will focus on the performance of core businesses like e-commerce and cloud, as well as updates on Alibaba's share buyback program.In early October, Alibaba announced on the Hong Kong Stock Exchange that it had repurchased a total of 414 million ordinary shares (equi

Since mid-September, Tencent Holdings has experienced a strong rebound, with its stock price nearing HKD 500 at one point. Although it has slightly retraced recently, it remains up 45% for the year, stabilizing above HKD 400.On November 13, Hong Kong time, after the market close, Tencent is set to release its 2024 Q3 earnings report. The market generally anticipates Tencent's Q3 revenue to reach HKD 167.746 billion, representing an 8.49% year-over-year growth, with an expected EPS of HKD 4.76, up by 26.78%.Currently, the average target price among analysts is HKD 477, with a high target of HKD 559. Notably, there appears to be some optimism toward Tencent, as Southbound funds have net purchased Tencent shares for 10 consecutive days up to November 7, totaling around HKD 3.977 billion.Addit

In September, the market widely expected the Federal Reserve to cut interest rates by 25 basis points in both November and December. However, following the release of various economic data and Trump’s return to the political scene, analysts now suggest that the Fed’s rate path is filled with uncertainty, making future moves unpredictable.To prevent the significant rate hikes of the past two and a half years from unnecessarily dragging down economic growth, the Fed approved a 25-basis-point rate cut on Thursday, while hinting at more uncertainty regarding the pace of future rate cuts.The market has already reduced bets on another rate cut in December. The CME’s rate watch tool indicates a 32% chance that the Fed will keep rates unchanged in December, a significant increase from 14% a month

Chinese Stocks Show Strong Performance on ThursdayThe Nasdaq Golden Dragon China Index rose 3.5%, with notable gains among major Chinese stocks: XPeng surged 15.61%, Bilibili gained 8.89%, JD.com rose 6.62%, NIO climbed 6.20%, KE Holdings was up 4.49%, Pinduoduo gained 4.40%, and Alibaba rose 3.53%.Similarly, China-focused ETFs also performed robustly: the Direxion Daily FTSE China Bull 3X ETF (YINN) closed up 16.19%, the ProShares Ultra FTSE China 50 (CHAU) gained 11.22%, the Invesco China Small Cap ETF (CNXT) rose 7.78%, and the Invesco China Technology ETF (CQQQ) increased by 6.05%.Zhou Wenjun, General Manager and Chief Investment Officer at Morgan Stanley Fund Management (China) Co., Ltd., stated that the Chinese asset management industry has immense scale and potential, with substanti

1. Building a Basic Understanding of Selling Call OptionsFor those unfamiliar with options, selling options may seem confusing. You might wonder, "How can I sell something I don’t own?" or "What’s the point of selling an option?" A real-life example involving a used car sale can help illustrate this.Imagine you have a used car with a current market price of 20,000 RMB. You believe its price won’t increase significantly in the coming months. So, you decide to sell a call option.Buyer: Your friend, B, wants to buy your car but doesn’t have enough money right now. He hopes to buy it at 20,000 RMB within the next three months.Seller (You): You sell a call option, giving B the right to buy your car at 20,000 RMB within three months, in exchange for a 1,000 RMB premium.Two scenarios may occur:Pr

Artificial Intelligence (AI) server provider SMCI will release its Q1 FY2025 earnings on November 5. The market expects the company’s Q1 revenue to be $6.453 billion, a year-over-year increase of 204.43%, and earnings per share (EPS) of $0.68, a year-over-year growth of 146.69%.Despite the optimistic outlook for SMCI’s Q1 performance, its stock price has fallen nearly 80% over the past eight months. SMCI was added to the S&P 500 index before the market opened on March 18, during a period when the AI server manufacturer’s stock reached an all-time high with a cumulative gain of an astonishing 295%. However, the stock has been on a downward trend since then, with the decline becoming more pronounced from mid-July.Various factors, including audit-related issues, have weighed on SMCI’s sto

As the "Trump Trade" gains momentum, shares of Trump Media & Technology Group (TMTG), owned by former U.S. President and Republican presidential candidate Donald Trump, have been climbing over the past month. However, since Wednesday, the stock’s upward trend has reversed. This pullback has also reduced Trump's net worth by over $1 billion.On Wednesday, TMTG’s stock plunged 22%, marking its worst day ever and reversing the strong gains from earlier in the week. On Thursday, the stock continued to drop by nearly 12%, with trading halted several times due to significant volatility.Despite these drops, TMTG’s stock has surged nearly 120% over the past month, nearly doubling Trump’s net worth to $8 billion. Earlier in the week, TMTG’s valuation briefly soared above $10 billion, surpassing

Selling options—whether it's call options or put options—can be a high-risk strategy. Unlike buying options, selling them can lead to significant, even unlimited, potential losses, depending on the type of option and the volatility of the underlying asset.Risks of Selling Call and Put OptionsWhen you sell a call option, if the underlying asset’s price shoots up above the strike price, the option buyer will exercise their right. You’ll end up buying the stock at a high market price and selling it at a lower strike price, leading to theoretically unlimited losses.On the flip side, if you sell a put option and the underlying asset’s price falls below the strike price, the option buyer may exercise their option, forcing you to buy the asset at the strike price—even if the market price is much