I opened $TSLA 20240705 195.0 PUT$  ,The buying hype is back for Tesla after the result beats expectation, with an expected increase in volatility. Gonna secure some premium income since it is unlikely to drop back below 200, given the increased bullish view.

I opened 2 lot(s) $SPY 20240830 561.0 CALL$  ,I opened 2 lot(s) $SPY 20240830 561.0 CALL$  ,. I am adopting a new strategy called Reverse Ratio Call Spread Writing or Backspread. This strategy involves relatively low and limited risk while offering potential unlimited upside. This approach differs from my previous trading styles, which involved constructing spreads or simply selling cash-secured puts. The strategy consists of buying 2 out-of-the-money (OTM) calls and selling 1 at-the-money (ATM) or in-the-money (ITM) call. By doing this, you receive a net credit, and the combined delta of the 2 OTM calls is higher than the delta of the 1 ATM/ITM call. If

I closed $Tesla Motors(TSLA)$  ,It has been an eventful week for Tesla, making gains/losses here and there due to the extreme volatility. Gonna close all the long/short positions to readjust the portfolio to adopt a different option strategy.

I opened 3 lot(s) $TSM 20240802 139.0 PUT$  ,A defensive trade by queueing at at 139 with cash-secured PUT, expecting strong support at 140/150, otherwise wouldn’t be a bad deal to enter at 139

I closed 300.0 share(s) $ARM Holdings Ltd(ARM)$  ,While the trade appears to be loss-making (shorted at 180 and bought back at 182.50), it is still profitable overall by adopting the right option strategy (selling in-the-money PUTs at the right time) plus a little of LUCK!

I opened $ARM 20240705 190.0 CALL$  ,It seems like the the hype around semiconductors/chips is over, at least temporarily. As long as it doesn’t swing wildly in a short period of time, it will be a winning trade.

I opened 8 lot(s) $ONON 20240517 25.0 PUT$  ,One of my fav brands but the valuation is on the high side compared to the peers. Taking advantage of the high volatility pre-earning release to at least earn some premium

I closed $ARM 20240621 137.0 PUT$  ,ARM is my new fav now as the IV is higher than Tesla, giving me higher premium income with a relatively higher margin of safety (eg larger buffer before it hits the Put exercise price)

I opened 5 lot(s) $BABA 20240517 70.0 PUT$  ,Entered into this short put trade to build a strangle position since I already have a short call position at 100 strike, min margin required to generate annualised ROI >20%. I also don’t mind having it assigned if it falls below 70 this Friday. Earnings disappointment mainly due to mark-to-market losses on public-listed investments, seem to be over reaction as China stock market has been performing well since April.

I opened $ARM 20240524 135.0 CALL$  ,Part of short call-put strangle strategy, the gap of 95 put to 135 call should have enough buffer to absorb the aftershock effect of Nvidia earnings release on 22 May, making it expire worthless on 24 May for premium collection.

I opened $NVDA VERTICAL 240524 CALL 1010.0/CALL 1005.0$  ,Taking advantage of pre-earnings volatility to try a new strategy. The only risk is that if the closing price falls between 1005 and 1010 upon expiry. The gap is small enough and it will likely be a breakthrough if it reaches 1000 post earnings next week.

I opened $BABA 20240705 65.0 PUT$  ,Amazon’s new strategy for low-priced items in the US shouldn’t have a significant impact on Ali (mainly affecting PDD’s Temu). So i think it was an overreaction for Ali, happy to sell some cash-secured PUT at my target price.

I closed $ARM 20240621 202.5 CALL$  ,The naked short call position expired worthless. The market was not volatile as expected on tripe witching date.

I opened 3 lot(s) $TSLA 20240517 200.0 CALL$  ,Not expecting significant improvement in CPI tomorrow., limited upside for stocks. For Tesla, just love it for its high volatility, 13% buffer to reach the call strike price (strong psychological resistance) in 4 trading days, should be safe enough to earn the premium at annualised 15% ROI.

I opened 8 lot(s) $ONON 20240517 40.0 CALL$  ,It’s my fav brand again. Since I have made some gains in selling PUT prior to earnings release, I’m building a strangle position by selling CALL to boost the ROI since minimal margin is required to open this position.

I opened 1.0 unit(s) $ARM VERTICAL 240719 PUT 155.0/PUT 157.5$  ,Trying out iron condor option strategy utilising two vertical spreads, with limited risk exposure. After the last eventful week, realised that luck will not stay forever, just be safe!

I opened $TSLA 20240524 210.0 CALL$  ,Yesterday’s surge gave a good opportunity to open more out-of-the-money short CALL options to collect premium. It is unable to break through 180+ range and there are still 190/200 strong resistance levels before it reaches the option exercise price, should be pretty safe.

I opened $TSLA 20240524 147.0 PUT$  ,I don’t wish to have it assigned at 147, it has to breach a few resistance points to reach there. Expecting the market to go sideways next week since the earnings session is ending soon except for Nvidia. Limited downside risk since the CPI is better than expected.

I opened $TSLA 20240705 240.0 CALL$  ,A volatile week ahead for Tesla Q2 delivery results. Building a strangle option position with large buffer to take advantage of the swing in share price regardless of positive or negative results.

I opened $TSLA 20240614 132.0 PUT$  ,Continuing the deep out-of-the-money short PUT option strategy on Tesla, a pretty safe margin to wait for the options to expire worthless and earn the premium.