US government is quite naive. Cannot go through front door, can go through backdoor. For commodities as large as Russia oil supply, the oil still manages to be sold to other countries. For commodities as small as microchips, will be easier to slip under the radar. This open sanction will only drive the GPU market into underground. Prices may go up more. The chips still get sold. This is good for NVDA and AMD in the long run. Increased demand will only bolster the chips business. So this US sanction you think increase or decrease demand? I think the answer is clear. 

#AMD #NVDA. AMD, recent days of being dragged through the mud by big bro NVDA like Siamese Twins. Looks like the sell off of AMD prompted me to close my covered calls on AMD and switched to selling puts on AMD before the shoe fell on NVDA earnings. Implied volatility crash on my sold AMD puts and hopefully a decoupling of AMD price action with NVDA, will allow me to close my puts at a handsome profit today or tomorrow. Then I will switch to buying AMD calls, a month out to prepare for the Sept Fed rates decision. Good luck everyone. 

$VIXW 20240424 16.0 PUT$ managed to buy this vid when Vix spiked up above 16. What goes up needs to come down. I have either to hold till expiration, 12 days for Vix to go down further towards recent 13 support. This is cash settled at expiration. Or if it falls to around $13 before expiration, will just close it. 

I am expecting some green to appear in the morning for QQQ. Then, I will long a bear put spread QQQ expiration three weeks out (long $317 put, short $301 put). My hypothesis is that QQQ may retrace back to the 50D MA which is around $300-$302 in a few days time. Not financial advice. Just sharing what I plan to do.

Vuzix is an augmented reality smartglasses maker that has been around. Their technology is different from META Oculus tech. Theirs look like a normal pair of stylish spectacles and the waveguide microLED screen gives the wearer the perception that the image is one meter in front of the glasses. Vuzix smartglasses are already used by Amazon in their warehousing facilities and also in certain medical surgeries. Mostly these AR glasses are meant for work scenario and not intended to be totally immersive. To me, it seemed like over time, Vuzix will grow to be a indispensable tool in the workplace just like our smartphone in our everyday life. Current short interest (not sure of its accuracy) based on marketbeat, on 15July 2022 da ta of is 28percent of float. Quite high. Wed post mark

$Apple(AAPL)$  bounced off $169. Glad that my bull put spreads sold $AAPL $170/$165 to expiration 26th Apr is printing $. 

$Amazon.com(AMZN)$seemed still expensive at P/E 58? Excess storage space to store excess inventory. Prime subscribers might not renew since some are tightening their belts and not buying so much stuff. 

I think that the market will go up. Fed Chair Powell will not be more hawkish. He may continue with the narrative that they will fight inflation until it goes down in a sustained way. Same narrative as his previous speeches. July PCE remains the same so that feeds to the story that at least PCE may have reached the peak. Moreover mid term elections are coming. Being more hawkish now will mean admitting that inflation is not coming down. Biden administration will lose votes. Selling puts of my favourite stocks is what I did yesterday. Depending on the price action, may start selling covered calls and all using Tiger platform. 

I have several suggestions: 1) for options done orders, it would be useful if at the point of time of order done, what is the price of the underlying? 2) for the today's order tab, it would be good if we can also sort the order list according to the name of the counter or options. Currently only the time of order entry can be sorted. Will be easier to see all the orders in queue for a specific underlying.

$Tesla Motors(TSLA)$  yes. Fsd su scription will slowly take over more and more of the revenue. This recurring revenue is almost pure profit for TSLA. Also it brings it closer to the 6billion miles data goal. Go go go TSLA 

I think the smarter way is to openly allow the export of the less advanced chips but quietly ban the export of the more advanced chips. Good for the political appearances. This way, they will always have the competitive advantage.