I opened $Alibaba(BABA)$ ,1 of 2 Auto assigned long call that’s ITM. Will prices continuing billing next week or is it due for a correction. Current game plan: If price corrects, close one contract of march’25 CC and change to selling monthly CC. If price continuing rally, do nothing and wait out.
I opened $Alibaba(BABA)$ ,I opened $Alibaba(BABA)$ ,2 of 2 Auto assigned long call that’s ITM. Will prices continuing billing next week or is it due for a correction. Current game plan: If price corrects, close one contract of march’25 CC and change to selling monthly CC. If price continuing rally, do nothing and wait out.
$NVIDIA Corp(NVDA)$ disregarding fundamentals and what the news is saying. The price action seems to point NVDIA to go 👇🏻👇🏻👇🏻. Price may see more down before continuing up
I closed $AI 20241004 25.0 CALL$ ,Taking profit for this CC. Next resistance to break is $26, will probably reopen this CC at $26 or higher depending on price movement tonight;)
$AI 20240531 21.0 PUT$ Closed out my 8 point wide strangle yesterday pocketing almost full premiums for short put and 69% on my CC. Looks like price is heading towards $31 range again. May sell a 16delta CC since this is already in the green:)
I closed $TCH.HK 20250328 420.00 CALL$ ,The CC that I sold on impulse as I think I could have entered on a better priced action day. Nonetheless 41% profit is good enough for now!
I opened $BABA 20240927 84.0 CALL$ ,4 out of 4 option placement for Call Broken wing strategy which takes out risk on one side. In this case it’s the “bearish scenario” or in my opinion the pull back. This strategy involves : * 1 Buy call above stock price * 2 Sell call at where u think the price may hit on expiry * 1 Buy Call slightly below ur Sell call. It’s a credit strategy with limited loss. Current stock price : $87.64 Buy call $91 strike : -$0.50 premium Sell call x 2 $85 strike : $3.33 and $3.35= $6.68 Buy Call $84 strike : -$4.05 Total received : $2.13*100 =$213
I closed $AI 20240927 25.0 CALL$ ,Closing out another cc expiring next week as price momentum seeems to be be picking up. If price pulls back, will wait for next opportunity to sell CC