SG 88
2022-03-23
I started my option trading only last Dec 21 when I open my Tiger Broker account. Since then I manage to get my position filled with favorable and adverse outcome.

My Disappointed Options Trading
My bad option position (maybe not??). I have is Sell Put with $Palantir Technologies Inc.(PLTR)$ which allow me to earn some cashflows but at the same time, the share fall way below my Strike Price which was USD 17 on 21 Jan 22 and has since been on a downward trend until recently (USD 13.27). 

I've been holding the stocks even since as I believe it has long term potential since PLTR do not have any Debts in their Balance Sheet which will be less impactful when Fed's further quantitative easing come this May.

My (consider) Most Successful Options Trading
I jump into the bandwagon on $VanEck Russia ETF(RSX)$1 day before it got suspended due to the on going Ukraine Vs Russia War by Selling Put at Strike Price of USD 2 with immediate cash inflow of USD 47.

My intention was to hold it with a long term view that RSX ETF would later gain traction once such war devastation would over soon.

Its weird that most of the time, God play things out not in your advantage, to give you a hint on lessons in life. As Steve Jobs says "It was awful tasting medicine, but I guess the patient needed it..."
https://www.youtube.com/watch?v=Hd_ptbiPoXM&list=RDLVHd_ptbiPoXM&index=1

I believe that everyone able to benefits from investing so long as they do their research, maintain the right kind of temperament and pre-set their game plan and stick to it. 

Honestly I'm not sure when would I be able to be financially free through investing. Only time will tell. That why we can only connect the dots when we look back.

Happy Investing everyone!

  
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

  • Bonta
    2022-03-23
    Bonta
    Options investing does take some time to learn. Hang in there. 💪 i started options ard 10 years ago, and bankrupted my account twice then. It was horrible then. Even when i was right, i lost money
    • Bonta: 
      Due to high comissions. Many of the current strategies, like rolling etc will be extremely unprofitable then. The options environment is a lot more friendly now.
    • BontaReplyBonta: 
      U have the right approach on pltr. Only sell puts on coys that u want to hold. Then convert to covered calls to form the wheel. Alternatively, not sure if u are familar with the concept of rolling.
    • BontaReplyBonta: 
      Rolling will buy u time and premiums to recover a losing/wrong positions. If u have time, guess it will be worth a look.
  • Maria_yy
    2022-03-23
    Maria_yy
    Fed rate hikes are indeed good for companies with less debt.
  • ElvisMarner
    2022-03-23
    ElvisMarner
    The lack of any debt on PLTR's balance sheet is also my reason for holding it.
  • Kelvin Chin
    2022-03-25
    Kelvin Chin
    Great sharing. Would anyone of you suggest any good source on where to learn options in depth?
  • stsockli
    2022-03-24
    stsockli
    where this path will take you...only time will tell. press on!
  • Lostinroom
    2022-03-25
    Lostinroom
    Lucky tou made right decision
Leave a comment
5