Ah Ling
05-20

Good ideal for investment 

@OptionsDeltaMissed the GME frenzy? No need to panic, there are plenty of stable money-making opportunities this week. Despite being monthly options expiration, the overall tech market is exhibiting the same lackluster choppy action as last week - presenting excellent opportunities to sell puts or covered calls. Why not harvest some premium during these rangebound periods? Of course, some may want to go all-in on meme stocks like GME and AMC. No issues there - at this pivotal juncture, any risk warnings pale in comparison to the potential upside. I'll provide an update on GME and AMC option positioning in the next post. Nvidia (NVDA) Nvidia is likely to remain rangebound between $850-920 this week. Consider selling the $NVDA 20240517 850 PUT$ or selling a covered $NVDA 20240517 950 CALL$ . If margin is a concern, you could use the 2x leveraged GraniteShares 2x Long NVDA Daily ETF (NVDL) which has lower decay than standard options leverage. Tesla (TSLA) Tesla's range is $170-175 this week. As flagged last Friday, there was a large sell call trade in the $TSLA 20240517 175 CALL$ . On dips, the $TSLA 20240517 165 PUT$ could be sold. For chop, the counterintuitive market-maker playbook is: sell calls on pops, sell puts on dips. If you do the opposite (sell puts on pops, calls on dips) it's not a huge deal, you'll just make less profit. Apple (AAPL) With shares stable above $180, the AAPL 20240524 180 PUT could be sold. Intel (INTC) Intel will likely remain around $30 this week. You could look to sell next week's $INTC 20240524 30 PUT$ , but I'd advise taking it off on Monday. AMD (AMD) AMD should oscillate around $150 this week. Sell a covered call like the 155 strike, or sell puts like the 145 strike.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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