@Ah_Meng:$MP Materials Corp.(MP)$ I know I am repeating myself here. I have shared this mining company probably a week or so before. The reason for repeating myself is a reminder of how important staying in the investing game is. I have been building up my position for MP. Materials for quite some time now (see the charts below to tell) through weekly auto-invest. The company is flying pre-market today. Yes, it is not only crypto mining that flies. Physical conventional minerals or resources mining firms fly too given the right conditions. It is simply a tip-for-tat game between US and China these days. With US banning chips sales to China, China has banned rare earth sales to US. I expect to see an escalation of these trade wars when Donald Trump take
@JackQuant:BREAKING: $SUPER MICRO COMPUTER INC(SMCI)$Image‼️Someone casually dropping $1.2M on calls option that are 29% OTM with next week's expiry, BTO order w/ spot price above ask. ‼️Worth noting, this might be helpful for some traders who see this post .Considering to enter a position on $SUPER MICRO COMPUTER INC(SMCI)$
@mster:I closed 1 lot(s) $TSLA 20240503 135.0 PUT$ ,This Put was a 3 weeks contract, closing it and locking in almost 95% profit with 1 more week to go, this shall free up some leverages for better opportunities.
@mster:I closed 1 lot(s) $AMD 20240426 157.5 CALL$ ,Closing this CC as the 2nd part of the Rolling strategy as already buy to open the 2nd leg earlier. Rolling an short option contract usually is done with Buy-to-Close then followed with Sell-to-Open or simply use the roll function if it’s available, however I have opted with doing it in reverse sequence. A bit riskier, but if it goes your way, we collect a little more premiums. However this option could too expire worthless 😅
@OptionsDelta:$Meta Platforms, Inc.(META)$ - I sold META puts a couple days ago. Although I believe META can rebound in the future, the capital used to take on those put positions will likely be tied up for at least 3 months. As someone who tries to unite theory and practice, I didn't really feel like talking much tonight and wanted to remain quiet.Despite lacking energy, I still need to maintain daily observations. An interesting question arises - after an earnings release, will market makers start killing off option positions?Call options will undoubtedly get crushed. For META's put options this week, the 450, 470, 440, 400, 480 strikes have the highest open interest. Looking at the intraday movements, although market makers can't control everything, they sti