@Terra Incognita:I closed $GOOG 20240426 170.0 CALL$ ,GOOG: collected full premium of 0.8% over 25 days when this covered call went into money. The strike was set pretty high at $170 at the point of my selling this covered call was only at $156. However earnings announced on 25th April were really good and GOOG went up 10% above the strike so I’ve sold the shares as part of being called away. Happy to let them go at 22% profit for those shares as I collected them at $139 back in Mar through cash secured puts. GOOG looks overbought at the moment and I think it might go sideways or corrects a bit lower should the general market is on the weaker side. Will monitor how I trade this counter moving forward.
@Blinkfans:I opened $Palantir Technologies Inc.(PLTR)$ ,I opened $Palantir Technologies Inc.(PLTR)$ ,I bought more pltr shares as I am selling calls Selling calls is like a insurance company selling safety and security And the coverage is able to give them the assurance they can buy at the sell call price even if the stock rises up a lot is a question between giving up potential gains vs getting regular premiums **Diving into the Beat:** Diving into $Palantir Technologies Inc. (PLTR)$ feels like stepping onto a stage set for a thrilling performance. 🎤 As I bought more PLTR shares and ventured into selling calls, it felt like choreographing a dance of risk and reward. 💃📈 **Selling Calls:** Selling calls
@jace0777:I closed $SNAP 20240426 10.5 PUT$ ,🏦 ka-Ching! SNAP had a nice gap up from earning announcement. It delivered an impressively strong performance this Q1, beating estimates on all levels! Booked my 97% credit profits over 17 days. Great testament to a fairly accurate read of the fundamentals! Keep it going! 💪
@Terra Incognita:I opened $BABA 20240524 83.0 CALL$ ,BABA: sold covered call on BABA with strike at $83 and expiring in 28 days on the 24th May. Premium collection is 1.15%. BABA is on the swing high within its range of $68-$78 and it’s closer to upper band resistance. Took the opportunity to sell covered call to earn some premium while awaiting BABA to recover if ever 😅. Yea I’m one of those long term bull on BABA and are still bag holding 😆. If this ever gets call away, I’ll sell news ones as I still have some that I didn’t put up to trade else at risk of being called away below holding average cost.
@jace0777:I closed $SNAP 20240426 10.5 PUT$ ,🏦 ka-Ching! SNAP had a nice gap up from earning announcement. It delivered an impressively strong performance this Q1, beating estimates on all levels! Booked my 97% credit profits over 17 days. Great testament to a fairly accurate read of the fundamentals! Keep it going! 💪
@mster:I closed 1 lot(s) $AMD 20240426 157.5 CALL$ ,Closing this CC as the 2nd part of the Rolling strategy as already buy to open the 2nd leg earlier. Rolling an short option contract usually is done with Buy-to-Close then followed with Sell-to-Open or simply use the roll function if it’s available, however I have opted with doing it in reverse sequence. A bit riskier, but if it goes your way, we collect a little more premiums. However this option could too expire worthless 😅