Hello everyone! Today i want to share some option strategies with u!
1.
Recap this week ended Sept. 13.
Didn't take a lot of trades this week while on vacation. Primarily closed out or traded already established positions. The combined $2K+ loss is deceiving because taking the realized losses this week actually positioned us better for more profit down the road.
- Closed out $GameStop(GME)$ $Oracle(ORCL)$ $Snowflake(SNOW)$ $Tesla Motors(TSLA)$ $Taiwan Semiconductor Manufacturing(TSM)$ winners in one account for a $7K+ gain
- Closed out $GigaCloud Technology Inc(GCT)$ $Alphabet(GOOGL)$ losers in the other account for a $8K+ loss and repositioned those funds into $Broadcom(AVGO)$ $Hims & Hers Health Inc.(HIMS)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ $Zscaler Inc.(ZS)$ (all currently sitting in profit, GOOGL loss recovered, working on fully recovering GCT loss)
- In some small accounts, rolled $Palantir Technologies Inc.(PLTR)$ CC up in strike to capture more profit and swapped GOOGL for $NVIDIA Corp(NVDA)$ CSP to reduce buying power/margin used while snagging more premium in the swap.
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