$McDonald's(MCD)$ 1️⃣ Why am I making this trade now? Sold the shares that was assigned from an earlier $247.5 put. Have concurrently entered a nee put at $245 expiring in October 16. 2️⃣ What's my plan from here? Mcd has been on a bearish downtrend and broke most of the major support levels on daily candles. However it remains a rather defensive counter which should act better if tech start to pullback and funds rotate to low beta counters. Long term outlook for mcd remains stable and I will continue to wait for the price recovery.
$MCD 20261016 245.0 PUT$ 1️⃣ Why am I making this trade now? Sold a new put at $245 strike price after taking assignment for an early $247.5 put. Still managed to retain net premium of $150. 2️⃣ What's my plan from here Will continue to hold this deep in the money put towards expiry in oct and decide whether to continue rolling it further depending on underlying share price then. Technically am expecting and oversold bounce soon.
$MercadoLibre(MELI)$ 1️⃣ Why am I making this trade now? Am starting to slowly build a small position in MELI by buying small amount during every dip. Its a high price stock, hence will be buying in fractional shares. 2️⃣ Whats my plan from here? Share price remains well below the average analyst price target and its trading within a channel for quite some time. Will take this consolidation range to accumulate more shares and wait for the stock to eventually break higher. Long term investment play for this counter.
$McDonald's(MCD)$ 1️⃣ Why am I making this trade now? Have rolled down my cash secured put from initial strike of $250 to $247.5. Took the early assignment as intrinsic value of the option has ran out due to the closing dump in share price. 2️⃣ What’s my plan from here? Will be selling the shares tonight and sell a new deep in the money put to free up the capital while bidding time for the share price to recover. Prefer this strategy rather than selling covered calls as this is more capital efficient. At the same time will take opportunity to add some mcd shares as well since price is way oversold.
$ServiceNow(NOW)$ 1️⃣ Why am I making this trade now? Servicenow has recovered a fair bit from the lows during the saas sell-off. Have been accumulating shares all the way during the sell-off. 2️⃣ What’s my plan from here? Shareprice continues to remain attractive and I will keep buying every dips to build up at least 100 shares position. Have a $140 strike put expiring tomorrow. Will see if there a need to roll it again or not.
$Thermo Fisher Scientific(TMO)$ 1️⃣ Why am I making this trade now? Trim some shares to lock in some gains after a sustain rally in the share price. Releasing some capital to buy the dip in other oversold counters 2️⃣ What’s my plan from here? Share price has just passed the average analyst price target level and could be starting to face some resistance for further upside. However will continue to hold the remaining positions until signs of a clear trend reversal
$Amazon.com(AMZN)$ 1️⃣ Why am I making this trade now? Amzn share price continues to trade in a choppy manner with no clear breakout or breakdown. Just going to accumulate a few more fractional shares in the interim. 2️⃣ What’s my plan from here? Have almost 100 share position size in amzn. May look to sell some covered calls if there is good volatility in the call options. Am holding a put option expiring tomorrow in the interim
$Broadcom(AVGO)$ 1️⃣ Why am I making this trade now? Broadcom is trading at a price far below its average price target. Technically its also at the bottom channel nearing the recent swing low support. 2️⃣ What’s my plan from here? Will continue to accumulate more shares on any dip and looking to sell cash secure puts at around $320 to $330 zone when volatility spikes are options premiums are elevated.
$Microsoft(MSFT)$ 1️⃣ Why am I making this trade now? Msft has been consolidating at this higher level channel after the big gap up move. Am slowly accumulating more fractional shares as the stock continues to chop around this tight range. 2️⃣ What’s my plan from here? Will look for opportunities to sell cash secured puts when volatility spike to collect premium and may add a long call as well to ride on the potential breakdown in the coming months when seasonality change to bullish