@Terra Incognita:I opened $COIN 20231117 70.0 PUT$ ,COIN: Sold new sets of Cash Secured Puts at recent support level of $70. After the run up from yesterday, COIN pulled back slightly today creating this opportunity for CSP. There is a higher option open interest level mostly parked at $75 and a smaller support at $70.
@dimzy:$Meituan(03690)$ Meituan posted results for the third quarter. Here is what we watched for:NET PROFIT: Meituan swung to a net profit of 1.22 billion yuan (US$170.6 million) in the third quarter from a loss of CNY9.99 billion a year earlier. That beat analysts' estimates for a loss of CNY997 million for the period, according to a FactSet poll.REVENUE: The Chinese food delivery company's revenue rose 28% to CNY62.62 billion, also beating the FactSet estimate.WHAT WE WATCHED:-- COST SAVING: Meituan aggressively cut costs during the quarter. It joined a host of Chinese internet giants that have shifted their focus to margin protection amid prevailing growth headwind due to China's tight Covid curbs and a slowing economy. Meituan's operating profit