Recap of Option Strategies: GME, PLTR, ORCL& SNOW

Selling For Premium
09-16

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.

Follow me to learn more about analysis!!

https://x.com/Selling4Premium

Options Hub
Welcome to Tiger Options Hub! Here you may talk and learn about all things on options trading!
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.

Comments

We need your insight to fill this gap
Leave a comment
3