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Why Exercise In-The-Money Options Early?Beginner options buyers often firmly believe that for profitable options, they should either close the position or wait until expiration to exercise. Early exercise is seen as wasting time value.However, in some situations, early exercise may actually be the wiser choice.The first scenario is when the underlying asset has a massive upward move, making the call deep in-the-money (or a massive downward move making the put deep in-the-money). While this is certainly a welcome development, deep in-the-money options often suffer from poor liquidity. At this point, if you decide to lock in profits, you may find that the bid-ask spread due to low liquidity can eat into a significant portion of your gains.By exercising early, since stocks generally have much

One common pitfall I've experienced is not understanding the special mechanics of options. As a seller, if the margin is insufficient, the contract might be forcefully liquidated due to market volatility, leading to huge losses.As a buyer, another easy pitfall is overlooking the time value. As time passes, the value of options decreases. If buyers do not close out-of-the-money options in a timely manner, they will expire worthless.Emotional trading is not only prevalent in options but also in the stock market. As the meme below humorously suggests, trading options after drinking alcohol will likely lead to losses.Share the pitfalls in options trading in the comments section to win tiger coins~

As the world's largest dedicated semiconductor foundry, TSMC has been leading the technological development trends in the semiconductor industry. With its advanced 5nm and below process capabilities, TSMC has not only attracted orders from tech giants like Apple and Nvidia, but has also secured an important position in the emerging and hot AI chip market.Recently, against the backdrop of the continuously booming AI field, the global demand for advanced process chips has surged, bringing strong growth momentum to TSMC's performance. Investors are also bullish on the company's prospects, with TSMC's stock price already up 40% this year and its market capitalization more than doubling.Supported by multiple positive factors, TSMC's stock price continues to rise. With the arrival of the Q1 earn

Fundamentals overviewQ3 Review: Tesla's deliveries fell to 430,488 vehicles in the third quarter due to factory upgrades. Q3 revenue was $23.35 billion, up a modest 8.8% year-over-year. Adjusted earnings per share were $0.66, down 37 percent compared to last year. Gross margin remained at 17.9%, below 20% for the third consecutive quarter.After a lackluster third quarter, Tesla's stock briefly fell below $200 in late October. However, the stock has been steadily rebounding since November, buoyed by expectations of a Fed rate cut.Q4 Focus: Q4 Tesla delivered more than Wall Street expected, producing 494,989 vehicles and delivering 484,507. Model 3/Y contributed 461,538 units. Despite achieving a record annual delivery of 1.81 million vehicles in 2023, it fell short of Musk's goal of 2 milli

Fundamentals overviewQ3 Review: Netflix added 8.76 million new subscribers in Q3, beating the company's expectations, largely thanks to its ad-supported program and efforts to crack down on password sharing in North America. Subscriptions to advertising packages grew 70 percent sequentially.The year-over-year decline in ARPU(average revenue per user) was small, mainly due to subscriber growth in developing countries and regions, which offset the decline in overall subscriber averages. Revenue increased 7.8% year-over-year to $8.54 billion, and quarterly operating margin was 22.4%, beating consensus of 22.1% and up from 19.3% last year.Netflix shares rose 65.1% in 2023, rising for three straight months after Q3's release to reach their highest point since January 2022.Q4 Review: Netflix wil

Learn how to trade options on Tiger Trade with this straightforward guide video. It covers navigating the options chain, picking trading strategies, placing orders, and managing your portfolio. Ideal for those looking to master Tiger Trade's options features. Remember, options trading is risky, so proceed with caution.Summary:Open the Options tab on a stock page for the options chain.Scroll for expiration dates, adjust strike prices, and check indicators.Use the gear icon for T-type layout and data sorting.In single-leg mode, view contract details with real-time data.Choose buy or sell strategies, set limit orders, and analyze P&L.Try advanced strategies like vertical spreads.Manage and review your portfolio positions.Practice with the demo trading feature, similar to real trades.

Major U.S. banks will begin reporting fourth-quarter 2023 earnings on Friday, starting with jpmorgan Chase, Citigroup, Wells Fargo and Bank of America.Us bank shares surged in the fourth quarter, helped by a return to risk appetite amid expectations of lower interest rates. At the business level, investment banking and wealth management, which suffered a significant drag last year, are likely to get a boost. However, as the lagged effects of higher interest rates may continue to ripple through the economy, the large inflow of high-interest deposits and the slowdown in lending business growth suggest that banks' net interest income is at risk of declining.In addition, in a high interest rate environment, the depressed market investment environment led to a continued decline in trading reven

In 2023, the US stock market ended the unilateral decline and ushered in the AI rebound, ignoring the high-interest market environment and all kinds of black swan interference, the US stock market returned to the pre-interest rate hike high again.As the most flexible and highly free leveraged derivatives, options can be used to cope calmly no matter how the market is disturbed and volatile, and gain gains that cannot be generated by trading stocks, which highlights the unique observation value and trading value of options as derivatives.With the pace of the end of the year approaching, according to the number of likes and reading data of the article, we took stock of the 2023 Tiger community option super high return & strategy practical experience collection. Let's take a look at what

SPX has one major strategic advantage over SPY…. SPX is a European Style Option vs SPY being an American Style Option. This means that SPX is cash-settled at the expiration date, so it cannot be exercised prior to expiration as SPY can. An early exercise can blow your trading plan for any position!  If it wasn’t for this huge early expiration exercise risk with SPY, I would prefer SPY over SPX. This is because SPY, too, has a big strategic advantage over SPX in that SPY offers $1 wide strikes and also has a smaller contract value.  The main advantages this pricing allows are: The ability to trade a smaller trading account Trade with more flexibility in position sizing Eas

Since the November FOMC meeting, market expectations for future rate hikes have changed slightly, as shown in the table below, from the day after the last FOMC meeting to the end of last week:Notable changes include:Modest expectations for a 25 basis point rate hike by January (32.5 per cent) have shifted to slightly narrower expectations for a rate cut (4.8 per cent).The rate cut was not fully priced in until July.Market expectations for a rate hike in March have shifted from 11.7 per cent to 49.4 per cent.Interest rate expectations fell 25 basis points in December to 4.334% from 4.543%. In other words, there will be one rate cut in 2024.The chart below shows the pace of the current quantitative tightening (QT) of the Fed's balance sheet. The latter table shows the SPX's reaction to recen

$NVIDIA Corp(NVDA)$ Will report earnings on November 21, last quarter's earnings performance was bright, not only a record high revenue, the third quarter earnings guidance is also higher than analysts' expectations, Nvidia expects the third quarter revenue will reach $16 billion.Bank of America analysts said enterprise-generated AI could play a key role in Nvidia's profitability ahead of its earnings report, suggesting investors may be underestimating "the potential growth in AI adoption by enterprise customers, which Nvidia can uniquely capitalize on through its best-in-class enterprise partnerships."Special commend: How to achieve an 8%* annualized yield on your Tiger Vault Fund

$JD.com(JD)$ will release its third quarter 2023 financial results on November 15. Analysts expect Jingdong Group to achieve a total revenue of 246.9 billion yuan (YoY+1%) in 2023Q3, of which commodity revenue is expected to be 193.2 billion yuan (YOy-2%), and service revenue is expected to be 53.7 billion yuan (YoY+15%); Jd.com's retail revenue is expected to be 212 billion yuan (flat year-on-year).It is estimated that the Non-GAAP net profit of Jingdong Group is 9.2 billion yuan (YoY-9%) in 2023Q3, and the Non-GAAP net profit rate is down 0.4 pct year-on-year to 3.7%, of which Jingdong retail operating profit margin is expected to be 4.8%.The year-on-year growth rate of total revenue is expected to slow down, mainly considering the macro consumpti

$Alibaba(BABA)$ will release its financial results for the second quarter of fiscal year 2024 (natural year is the third quarter of 2023) on November 16. According to Bloomberg analyst estimates, Alibaba's fiscal 2024 second quarter revenue of 223.98 billion yuan, adjusted net profit of 40.072 billion yuan. There are 48 recent "buy" ratings from analysts with an average price target of $137.17.Analysts expect the revenue of Alibaba Taotian Group in FY24Q2 to reach 99.93 billion yuan, yoy+6.6%. 23Q3 The growth of overall residential retail consumption slowed down, the growth rate of online consumption was weak, the growth rate of online retail sales of physical goods declined compared with 2Q, and CMR still maintained positive growth year-on-year.

Options show that the market has high expectations for AppleApple $Apple(AAPL)$ , which reports on Nov. 2, is expected to report revenue of $8.931 billion, up from $8.18 billion in the previous quarter, and earnings per share are expected to be $1.39. That's up from $1.26 in the previous quarter.Because Apple has met or exceeded revenue and earnings per share expectations in three of the last four quarters, coupled with the iPhone 15 release, the market's expectations for this earnings report are higher.While Apple shares are well off their highs for the year, the stock is still up more than 30% this year. The 2023 Apple price opened at $130.28 and has been steadily rising for most of the year, peaking at $198.23 on July 19. But it is currently tr

Overview:The earnings outlook for the S&P 500 for the third quarter is less negative relative to recent quarters. The percentage of companies issuing negative earnings guidance is equal to the 10-year average. Overall, the index is expected to report a year-over-year decline in earnings in the third quarter for the fourth straight quarter. However, the estimated decrease in earnings for the third quarter would be the smallest decline during this four-quarter streak.Overall, the S&P 500 is expected to report a (year-over-year) decline in earnings of -0.3% for the third quarter. If -0.3% is the actual decline for the quarter, it will mark the fourth straight quarter that the index has reported a decline in earnings.However, it will also mark the smallest (year-over-year) decrease in

Zero-day expiration (0DTE) options, also known as same-day expiration options, are options contracts that expire on the same day they are traded.  This concept has been expanded: options expiring that week can also be counted as 0DTE.Advantages of 0DTE Options0DTE’s advantages and disadvantages are the two sides of the coin. It can amplify the P/L in very short time.You can read this article to learn about how Shirley gained 10000% in her 0DTE options Interview with Shirley | Nearly 10000% Gains in One Night.Potential for Quick Profits: 0DTE options can offer the potential for rapid and substantial profits if the underlying asset moves in the desired direction shortly after the trade is executed.Reduced Time Decay: