$MSFT VERTICAL 261023 PUT 490.0/PUT 485.0$ MSFT: preset profit taking at 70% of premium collected. Set to expire on 23rd Oct yet it only took 6 days of bullish MSFT movement for this trade to turn profitable in less than half the time.
$QQQ VERTICAL 261120 CALL 795.0/CALL 805.0$ 1️⃣ Why am I making this trade now? Bear call spread setup on QQQ. Expiry on 20th Nov so it's 45 days run way. Sold calls at $795 and buy back at $805. Credit to risk is acceptable. Changes of success estimate at 75% short strike is about $40 above 52 weeks high which is at around $755. 2️⃣ What’s my plan from here? seeking short term consolidation or pull back after 3 back to back days of making new all time high. Take profit at 70-90% of premium decay. Stop loss if short strike is hit.
$META RATIO_SPREAD_1X2 261030 CALL 845.0/CALL 850.0$ 1️⃣ Why am I making this trade now? META ratio spread for premium collection. Buy 1 call $845 strike Sell 2 calls $850 strike Earnings on 4th Nov so the setup expires on 30th Oct to avoid binary outcome that might jeopardise the trade. Collect a decent $5.35 premium over 24 days. The strike of $845 is well above current trade at $742. And is also above expected move of +/- $89 during this period. IV is relatively high at 45% and my expected probability of this trade is around 80-90%. 2️⃣ What’s my plan from here? Take profit when 70-90% of premium collected, Or cut loss if hit the strike or 1.
$MSFT VERTICAL 261030 CALL 565.0/CALL 570.0$ 1️⃣ Why am I making this trade now? Setting up this bear call spread at short call at $565 and long call at $570. Earning estimated on 4th Nov so this trade will be closed before that. I'm still bullish on MSFT long term but also recognising a potential short team consolidation ahead of earning as MSFT hitting its double top all time high at around $550 made in Late July and Oct 2025. The strikes were set above the all time high, so that should provide strong resistance To the up side since it's before earnings. 2️⃣ What’s my plan from here? Take profit at about 70-90% of premium collection. Or take pr
$CSCO 20261120 105.0 PUT$ CSCO: Cut loss. Setup this long put on 22nd Sept with a long daily bearish candle below key support. Gave it 2 months till 20th Nov to realise its bearish potential. That scenario didn't happen and the subsequent 2 weeks CSCO turned and broke higher across multiple moving averages. While not entirely in bullish territory, my original thesis was broken and I've decide to take a 50% premium loss rather than waiting out on a hope. Live to trade another day.
$SPCX VERTICAL 261016 CALL 150.0/CALL 160.0$ SPCX: take profit. This bull call spread of $150/$160 was setup on 17th Sept and to expire in a month on 16th Oct. The target profit was set at 70% more than premium paid and that was achieved today with 11 days till expiry. SPCX seemed to have a very bullish tail wind since last Friday after news of itsl leasing its GPU compute power to both Google and Anthropic and collected decent cash monthly that investors like the news. For me, happy to be at the right side of the trade news and be able to profit from it.
$MRVL VERTICAL 261016 CALL 250.0/CALL 240.0$ MRVL: harvesting. These bull call spreads were profitable and was preset to take profit target hit. Well, that was today alongside few other trades since market move up well. Happy to collect back some cash and sell out and close out the trades right by weekend and derisk a portion of my portfolio moving into the weekend
$KO 20261016 90.0 CALL$ KO: taking loss. Run to live another day. Cutting loss and recovering whatever still remaining. Breached my lower strike price for these diagonal call spread and only the long call still have some residual values left. Collect back some coins to be combine to main poll and replay strategy with new trades next week.
$NVDA VERTICAL 261016 PUT 220.0/PUT 215.0$ NVDA: harvesting. These bull put spreads were setup about 2 weeks ago. And due to expiry only on 16th Oct. Preset profit target at 70% of max prelim and its achieved in half the time. So it's closed and time to move on and plant more trade ideas next week.
$NVDA VERTICAL 261016 PUT 210.0/PUT 205.0$ NVDA: harvesting. These bull put spreads were setup about 2 weeks ago. And due to expiry only on 16th Oct. Preset profit target at 70% of max prelim and its achieved in half the time. So it's closed and time to move on and plant more trade ideas next week.
$USO 20261009 160.0 CALL$ USO: take profit. Going to expire next Fri 9th Oct but try to manage risk actively and close without waiting till next week since >90% of premium already collected. the oil come down big today after remaining higher and longer than expected. That's a goodsign for my trades. Most of my shorts were opened when US and Iran alongside with the Houthis and Saudis alwere fighting again and spiking up oil trades. Now possible calmer for Fri, so time to close the net and enjoy the weekend.
$VRT 20261016 300.0 CALL$ VRT: harvesting. Set take profit at 70% of max premium and it hits today. That's about 2 weeks ahead of expiry on 16th Oct. Holding average is $295 so it's still trading below my cost. Will be selling fresh covered calls to continue lower down my average cost of ownership of these shares and to eventually cash out when the price is right
$SOFI 20261106 19.0 CALL$ SoFI: selling these covered calls for income. Strike at $19 is slightly above 200 days MA that should provide some resistances. Strike is below my holding cost, so if it's called away, then I'm also taking actualise loss for my stocks.
$USO 20261002 150.0 CALL$ USO: take profit. Going to expire later today but try to manage rid actively and close without waiting the final few hours. the oil come down big today after remaining higher and longer than expected. That's a goodsign for my trades. Most of my shorts were opened when US and Iran alongside with the Houthis and Saudis alwere fighting again and spiking up oil trades. Now possible calmer for Fri, so time to close the net and enjoy the weekend.
$SPCX 20261016 160.0 CALL$ SPCX: for coins. one leg of the bull call spread at $150/$160 that is now profitable. Due for expiry 16th Oct so still have 2 weeks to go. Will let this run and review again next week in hope to capture more upside.
$U 20261002 40.0 PUT$ U: take profit. Expiring this Fri. For the past 5 trading days, U has been trading at strike price of $40. The hovering between profitability and stock assignment has been looming large as expiration of contract comes closer. Today was a good day when U trades higher, so took the opportunity to lock in the profit.
$TSLA CUSTOM 261023 PUT 315.0/PUT 305.0/CALL 390.0/CALL 400.0$ Batman Setup (Double Ratio) Do you like me sharing these complex trades? Comment so that I know what is of interest to more options trader like you. Thanks. 1️⃣ Why am I making this trade now? pretty much just for fun. Setting up some less used and more complex options setup for testing new strategies and also compute its effectiveness on real live trades. usually don't share these setups as it involves more writing up compared to normal single setup. For this trade, 6 setups are required to build this double ratio build, which cove
$PLTR 20261023 165.0 PUT$ PLTR: take profit. Closing 3 sets of PLTR short puts expiring on 9th, 16th and 23rd Oct so they were 1.5 weeks , 2.5 weeks and 3.5 weeks away and the majority of premiums are already collected. Closing these help clean up my trades for month of Sept closing. Also opened a new call ratio trade on PLTR ahead of its earnings which will be shared separately.