@jace0777:I opened $MRVL 20240503 72.0 CALL$ ,đĄ wheeling MRVL this time. Noted a strong negative gamma at 70 but not much more above that. This is indicative of a price pull to 70, but price may lack conviction to move further up in the next week. So experimenting with a covered call at 72, a little lower than my cost basis to try and capture more premium. Letâs see if this experiment pans out well next week. đ€
@jace0777:I opened $MRVL 20240503 72.0 CALL$ ,đĄ wheeling MRVL this time. Noted a strong negative gamma at 70 but not much more above that. This is indicative of a price pull to 70, but price may lack conviction to move further up in the next week. So experimenting with a covered call at 72, a little lower than my cost basis to try and capture more premium. Letâs see if this experiment pans out well next week. đ€
@jace0777:I opened $MRVL 20240503 72.0 CALL$ ,đĄ wheeling MRVL this time. Noted a strong negative gamma at 70 but not much more above that. This is indicative of a price pull to 70, but price may lack conviction to move further up in the next week. So experimenting with a covered call at 72, a little lower than my cost basis to try and capture more premium. Letâs see if this experiment pans out well next week. đ€
@jace0777:I opened $MRVL 20240503 72.0 CALL$ ,đĄ wheeling MRVL this time. Noted a strong negative gamma at 70 but not much more above that. This is indicative of a price pull to 70, but price may lack conviction to move further up in the next week. So experimenting with a covered call at 72, a little lower than my cost basis to try and capture more premium. Letâs see if this experiment pans out well next week. đ€
@Mrzorro:SG Morning Highlights | Singapore's Q1 GDP growth likely slowed, complicating central bank's task Market Trend Singapore shares opened flat on Thursday. The $Straits Times Index(STI.SI)$ lost 0.01 per cent to 3,285.66 as at 9.12am. Advancers / Decliners is 58 to 65, with 90.71 million securities worth S$72.97 million changing hands. Breaking News Federal Reserve economists projected 'mild recession' at March meet: minutes Federal Reserve economists were projecting a "mild recession" when the US central bank decided to further raise interest rates last month, according to the minutes of the meeting published Wednesday. "The staff's projection at the time of the March meeting included a mild recession starting