Single-leg vs. Multi-leg: Which one is for you?

Have you ever found yourself stuck between single-leg and multi-leg options strategies? Single-leg options may be appropriate for when there are clearer market trends, while multi-leg strategies, like vertical spreads, can be handy when the market's got you second-guessing. --------------------------------------------------------------- Curious? Confused? Or utilized these strategies already? How do you decide between single-leg and multi-leg strategies? Which one do you use more frequently?

avatarTiger V
2024-12-03

Investment Reflection: Complex Option Strategy on TLT Stock

Overview of Strategy On November 18, 2024, I implemented a multi-leg option strategy on iShares 20+ Year Treasury Bond ETF (TLT), combining a long-term bullish outlook with a short-term income generation plan. The strategy involved: Buying a call option with a strike price of $84, expiring on April 17, 2025, at a cost of $745 per contract, to benefit from potential long-term price appreciation in TLT. Selling a call option with a strike price of $92, expiring on November 29, 2024, for an initial premium of $21 per contract, and later rolling it to December 6, 2024, for an additional premium of $30 per contract. This strategy was designed to capitalize on seasonal strength in long-term Treasurys while reducing the net cost of the long-term call option by generating premium income through sh
Investment Reflection: Complex Option Strategy on TLT Stock
avatarTiger V
2024-07-08

Investment Reflection: SOFI Vertical Put Option Strategy

Overview On July 5, 2024, I entered into a vertical put option strategy for SoFi Technologies, Inc., by selling five put options at a strike price of $6 and simultaneously buying five put options at a strike price of $5, with an expiration date of August 16, 2024. For each contract, I collected an option premium of $22. This strategy reflects my short-term outlook on SOFI’s stock performance amidst a turbulent market environment. Background on SoFi Technologies SoFi began as a company specializing in refinancing loans but has since diversified its operations into three main segments: lending, financial services, and a technology platform. The lending segment includes student, personal, and home loans, while the financial services and technology platform segments represent newer areas of gr
Investment Reflection: SOFI Vertical Put Option Strategy
avatarHenryee18
2024-07-13

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TIGER ROARS, DECADES SOAR.