I closed $GOOG 20240426 170.0 CALL$  ,GOOG: collected full premium of 0.8% over 25 days when this covered call went into money. The strike was set pretty high at $170 at the point of my selling this covered call was only at $156. However earnings announced on 25th April were really good and GOOG went up 10% above the strike so I’ve sold the shares as part of being called away. Happy to let them go at 22% profit for those shares as I collected them at $139 back in Mar through cash secured puts. GOOG looks overbought at the moment and I think it might go sideways or corrects a bit lower should the general market is on the weaker side. Will monitor how I trade this counter moving forward.

I closed $BABA 20240426 68.0 PUT$  ,BABA: collected full premium of 1.25% over a period of 35 days for this cash secured put. BABA had been moving up about 10a% from its low of $68 to $75 now over the past 1 week. The counter had been ranging between $68 to $78 since Dec 2023 will observe if this time till be different and any breakout is possible. The 50 days MA finally start crossing the 100 days MA and its continue to be slightly more bullish as long as BABA can stay above the $73.5 range.

I closed $META 20240426 535.0 CALL$  ,META: this is the 1st sell call leg for the bear call spread of $535/$540 that expired worthless and I gained all the premiums. Net premium collection is $160/0.3% over 8 days of contract and with max loss risk of $500 per contract. META rejected its all time high of $531 and didn’t test new high. Its earnings results on 24th April beats market expectations but forecast more spending and weaker revenue on coming quarter in >10% drop after earnings on a single day. As of now, META is 17% off its peak. While it’s not cheap in valuation by all means, it’s not expensive either. I’ll stop shorting META and might turn on the bull side should price action stabilise and shows strength.

I closed $Alphabet(GOOG)$  ,GOOG: this is another batch of GOOG shares being sold at $170 for 22% profit as part of being called away via sold covered call that went into the money at expiry on 26th April. I collected GOOG in Mar for $139 and now happily sold them now at $170. While it’s not at its peak, I’m happy to cash out these shares and recycle the capital for other trades in the coming weeks. GOOG announce earnings on 25th April and handsomely beats the market and it went up 10% therefore breaching my covered call. Well, it’s a happy problem given the profit I’m already collecting.

I closed $META 20240426 540.0 CALL$  ,META: this is the 2nd leg for the bear call spread of $535/$540 that expired worthless and lose all my premiums. Net premium collection is $160/0.3% over 8 days of contract and with max loss risk of $500 per contract. META rejected its all time high of $531 and didn’t test new high. Its earnings results on 24th April beats market expectations but forecast more spending and weaker revenue on coming quarter in >10% drop after earnings on a single day. As of now, META is 17% off its peak. While it’s now cheap in valuation by all means, it’s not expensive either. I’ll stop shorting META and might turn on the bull side should price action stabilise and shows strength.

I opened $Advanced Micro Devices(AMD)$  ,AMD: Bought in some AMD as long term dollar cost averaging. With such great margins on AI chips, the rest of the key semiconductor players such as AMD will eventually get close enough to capture some spill over orders from NVDA. AMD is by no means cheap valuation stocks so at some point I’ll stop adding. Note for week 18th Jan: How true these above statement when 1 week ago I bought AMD at only $147 and it’s now $164 after market. DCA helps reduce the emotions on investing for sure.

I opened $NKE 20240426 90.0 PUT$  ,NKE: sold cash secured put on NKE at strike price of $90 and 32 days till expiry. Premium collection is relatively low at 0.8% during this period. NKE has a 7% drop post earnings on 21st Mar. Current price is near recent support and about 25% off the recent peak made in Dec 2023.

I closed $SOFI 20240426 8.5 CALL$  ,SoFI: collected full premium of 1.25% over 38 days when this covered call expired worthless. The return was slower on this one as when I sell the covered call, SoFI was only at $6.98. Now it’s almost $0.90 higher over 5 weeks. Looking to continue covered call strategy capitalise by the higher stock price and also earnings on 29th April so most likely will only sell after the results to prevent any sudden pop up and the covered call limits my potential profits. Should the results is poor, and SoFI corrects down, I’ve already had few active cash secured put trades at $7.0 and $6.5 range.

I opened $AMD 20240426 157.5 PUT$  ,AMD: sold cash secured put at $157.5 and expiring in 32 days on 26th April. Premium collection is 1.3% over this period. AMD is 22% lower off its 8th Mar high and hitting temporary support levels. Sold the put at $157.5 which is nearer to the 100 days MA and hope that provide a level of support. NVDA announcement on their new high performance AI product probably had a correlation on AMD stock movement and capitalise on this temporary weakness to sell this put at support.

I closed $ANF 20240328 145.0 CALL$  ,ANF: this is the 2nd leg of the bear call spread that expires worthless. Collected full premium of 0.6% for this bear call spread of $140/145 over a period or 9 days. The premium is limited due to ‘insurance’ bought with the buy call at $145 as I don’t intend to further short the stocks and I already own ANF shorts currently. during this 1.5 weeks, ANF moved nicely in a range, went as high as $139.11 before reversing to $125.33 now. Will continue to look for short opportunities as I think ANF is overpriced.

I opened $MSTR VERTICAL 240405 CALL 2000.0/CALL 2010.0$  ,MSTR: sold bear call spread on MSTR with strike at $2000/$2010. Expiry on 5th April with is 8 days away. Premium collection is 1.15% due to its high IV. MSTR had a large 1 day 11% from in 28th Mar rejecting its $2000 high. The bear call was priced just at the peak so might for a temporary resistance from going higher. Valuation wise, MSTR is at least 2x the premium of Bitcoin as most of its holdings are bitcoins. This is a more risky trade as the share price of the company is also tied to Bitcoin where is volatility can be high on any given days.

I closed $IWM 20240315 185.0 PUT$  ,IWM: closed these cash secured puts 2 weeks ahead of expiry after securing 90% of profits. In total, collected 0.95% premium over a period of 23 days. Currently IWM is reaching a double top scenario at $205 and became resistance so I think it’s prudent to close the trade and secure the profits. Will look for rotation down for future trades.

I opened $SMCI 20240503 1020.0 CALL$  ,SMCI: sold naked call on SMCI with strike price of $1020 and contract duration for 8 days expiring 3rd May. Premium collection is 1.1% for this period. When selling, SMCI was trading at around $780 and since now it’s at $850, the contract is in the red. Nevertheless the strike at $1020 still provide $170 margin since I selected 0.1 delta options for this play. Earnings announcement on the 30th April will provide the uncertainty. Separately I have a cash secured put at $650 expiring same day so that formed a straddle even though I actually entered the trades on separate occasions.

I closed $CVS 20240308 78.0 CALL$  ,CVS: close this covered call about 3 days ahead of expiry and collected 0.9% premium for holding this over 25 days. CVS has been ranging past few months and I’ll continue to trade cover call on this counter until all my stocks were called away. Will look to sell new covered call in coming days.

I closed $SMCI STRANGLE 240301 CALL 1010.0/PUT 710.0$  ,SMCI: closed this sold strangle options Strategy with 98% of the maximum premium possible. Options might expire worthless in few hours, but given such volatile stocks, one will not know if there will be some late push to any of the strike price directions. In total, collected $1850 for 8.5 days of contract which will go towards to salvage the short losses on SMCI. SMCI continue its 2nd day of bullishness after 4 days of consolidating lower. It’s still floats above most Moving Averages I tracked and remained bullish bias with even higher prices possible on momentum play.

I opened $Alibaba(BABA)$  ,BABA: Bought in BABA at $79 after the Cash Secured Puts sold on 14 Nov goes in the money as BABA dropped a further 13% from my buy price. Overall BABA price after discounting the premium received is $77.40 vs. current price at $72.14. Will be selling covered call to continue collection options premium.

I opened $AMZN VERTICAL 240426 CALL 200.0/CALL 205.0$  ,AMZN: sold bear call spread on AMZN with strike at $200/$205 with contract expiring on 26 April which was for 17 days. Premium collection was 0.35% during this period. AMZN looks set to hit triple top and showed signs of reversal at around $188. Took the opportunity to enter this bearish trade and place my analysis to test.

I opened $JPM VERTICAL 240419 CALL 205.0/CALL 210.0$  ,JPM: sold bear call on JPM with strike $205/$210 and expiring in 18 days on 19th April. JPM is hitting into resistance zone at $200 having rejected once last week. Potential volatility as earnings for Q1 on 12th Apr. The bank stock had performed very well and move up 48% since the Oct 2023 run. At current price, Q1 results should be good so the catalyst for movement will be what’s the earnings projections moving forward.

I closed $Newmont Mining(NEM)$  ,NEM: sold off portion of NEM to recapitalise for other trades. I bought in NEM since 5th Feb so made 3.63% over 75 days of holding. I still have some NEM that’s part of covered call and they were in the money now, so when those expires, will be called off as well. Glad the GOLD prices and counters had been progressively unwinded as the gold prices had been moving up past 2 months.

I opened $BABA 20240524 83.0 CALL$  ,BABA: sold covered call on BABA with strike at $83 and expiring in 28 days on the 24th May. Premium collection is 1.15%. BABA is on the swing high within its range of $68-$78 and it’s closer to upper band resistance. Took the opportunity to sell covered call to earn some premium while awaiting BABA to recover if ever 😅. Yea I’m one of those long term bull on BABA and are still bag holding 😆. If this ever gets call away, I’ll sell news ones as I still have some that I didn’t put up to trade else at risk of being called away below holding average cost.