$(TSLA)$   Tesla surged after last week’s earnings report despite posting a disappointing financial performance. The company’s stock price soared by over 12% the day after its report and has continued to climb, reaching $168.26, up about 16% since the earnings release. Additionally, it gained over 6% in pre-market trading on Monday. While this rally puzzled many value investors, Tesla supporters celebrated as Tesla’s Full Self Driving (FSD) technology appears to be gaining traction in China. Tesla has historically traded with a high price-to-earnings (P/E) ratio, as its investors focus on the company’s potential beyond just selling cars. They are optimistic about Tesla’s ability to achieve more than just electri

$(AMZN)$   Amazon announcing earnings this coming Tuesday after market closes. The AWS (Amazon Web Service) sector is closely watched, and words out there is that they'll probably do well follow suit from Google's   Meta gave out their 1st Dividends last quarter and Google followed in this quarter, perhaps Amazon May do the same 🤔. Regardless my money is on Amazon to beat estimates and hopefully guidance too.  Waiting for it to pop higher after earning before deciding on the strike I'd wanna sell a covered call option for.  

I closed 1 lot(s) $PLTR 20240426 21.0 PUT$  ,This PLTR put contract was opened a little too hastily, on the 15th this month (about 2 weeks ago) PLTR slide aplenty along with the market, thinking it was a good time to sell option however the market continues to Trent lower, making this contract remain mainly in red. Last 2 trading days, PLTR manage to stay about 21 to render this contract worthless. Moving forward, looking to sell more put contract but only if it’s below 21 strike.

I closed 1 lot(s) $AMD 20240426 145.0 PUT$  ,This 145 Strike put expired worthless, thus keeping the full premium collected. This contract was opened/sold about 2.5weeks ago was a bit of a rollercoaster ride drifting in and out of profitability and loss, on paper that is. However manage to ride it out as AMD stayed about this 145 strike which also supported by the 200 EMA. Usually would have sold another contract before the weekend, however, AMD will be reporting earnings this coming week, couldn’t quite grasp where AMD might be heading with its report, decided to stay on the sidelines for now.

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 😅

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.

I opened 1 lot(s) $AMD 20240503 170.0 CALL$  ,I opened 1 lot(s) $AMD 20240503 170.0 CALL$  ,Currently having a covered call option expiring today with the strike of 157.5. Decided to roll this out to next week with a higher strike of $170. The difference in strike price alone is 12.50 a share - if the underlying do get called away that is. Sold this option contract even before I close the 1st one as the premium is attractive enough (due to higher IV on the earnings week) even if the 1 contract May end up higher value to close. in any case, will be setting a limit to close the 1st contrac, it will still be a credit trade.

I closed 2 lot(s) $PLTR 20240426 21.0 PUT$  ,Close couple of Put options as the trade looks a little flat in most part of the earlier day, did n’t wanted to get assignments on these, thus close some to lock in slightly over 60% of profit. I guess it’s unnecessary, likely the left over lot will expire worthless thus keeping full premium. Let’s see.

$Meta Platforms, Inc.(META)$   Meta will likely bottom at around $400-high $300, closing the gap it has created from its last earning which one can see clearly on the technical chart.  While the market will soon realize that the company did make good profits from last quarter's, share price will creep back up soon enough. What one may really need to look out is the next few quarters, the out flow of capital going into R&D of their AI products will send painful reminders to what happen 2 years ago of how they've had with their metaverse investments. 🤞

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I opened 1 lot(s) $KWEB 20240517 31.0 CALL$  ,Selling more Covered Call Option against the underlying as KWEB is gaining some traction over this week to capture better premiums. This ETF has gone up almost 8% just over 3 days. The one sold just on Monday is now in the red, but fret not, as this ETF usually has a fairly choppy pattern, once it is gone too far from its moving averages, gravity tents to pull them back.

I opened 1 lot(s) $KWEB 20240621 31.0 CALL$  ,Selling more Covered Call Option against the underlying as KWEB is gaining some traction over this week to capture better premiums. This ETF has gone up almost 8% just over 3 days. The one sold just on Monday is now in the red, but fret not, as this ETF usually has a fairly choppy pattern, once it is gone too far from its moving averages, gravity tents to pull them back.

I opened 1 lot(s) $TSLA 20240503 190.0 CALL$  ,Open a CCOption on Tesla as the stock pops after yesterday’s earnings report. Though they misses estimates, couple of other ‘good’ news have push Tesla higher than it should. While the recent sell off may have already priced in with the expectation of this poor earnings, this pop from the ‘good’ news may however not be very sustainable, am expecting this run will lose some steam along the week. 188 was a previous support, expecting Tesla gonna face some resistance at this level before going any higher, if it does get to 188 that is.

I closed 1 lot(s) $TSLA 20240621 115.0 PUT$  ,Close out this put option before Tesla report its earnings after market closes today. I have 1 more put contract, shall let that ride thru earnings, will then manage it as we go along.

I opened 1 lot(s) $PLTR 20240510 26.0 CALL$  ,This is the 2nd CC option, place this 3 weeks out, which is on the earnings week. This strike is about 18% higher then the current price. Let’s see how the market goes in the next 3 weeks with many big and exciting earnings reporting.

I opened 1 lot(s) $PLTR 20240503 23.0 CALL$  ,Selling CC on my newly acquired Palantir. This 1st contract about 2 weeks by end of next Friday just before earnings on the following week. $23 a key level for both support and resistance. And it too has some hurdles from the moving averages before getting to this key level. But of course if market is really strong we may blast thru these levels Which then be prepared to have the underlying to be called away.

I opened 1 lot(s) $KWEB 20240621 30.0 CALL$  ,Finally KWEB is having a good day. Been wanting to sell this covered call for a while now, the premium will be more attractive on a Green Day. With this contract all the way out to 3rd Friday June, we may finally see KWEB goes up to the $30 level again. 🤞

I opened 1 lot(s) $AMD 20240426 157.5 CALL$  ,1st covered call on this lot of AMD that was just assigned last Friday. Selling this short dated contract to mitigate the earnings that’s just around the corner. If by week end, the stock ended above 157.5, am happy with the difference made in just in a week.

$Advanced Micro Devices(AMD)$   AMD experienced a significant drawdown on the last trading day, falling almost 5.5%, while Nvidia, the market leader, dropped by 10%. This caught me off guard, as I had thought the option contract with a strike of 150 would likely expire worthless when I opened it over a week ago. However, I've decided to take assignment of the stock instead of rolling it over. Now, I plan to switch to selling covered call options instead of put options. As for whether AMD will fall further in this correction, it's a possibility. However, I'm confident that AMD will be significantly higher once the market rebounds. Meanwhile, looking to sell a near term covered call option against this newly acquir

"IV crush is a phenomenon primarily beneficial for sellers of option contracts, rather than buyers. For instance, consider the case of an individual who purchased Donal JT's media put option when the company initiated live trading. At that time, the IV stood at over 300%. Despite the stock plummeting by over 50% within just three weeks, the IV crush rendered the trade barely profitable. When capitalizing on IV crush during earnings seasons, fundamental principles of selling put options remain paramount. It's imperative to select companies with robust fundamentals, ones you'd be comfortable holding the underlying asset of even if earnings disappoint. Finding the right balance between strike distance and premium collection is crucial. Evaluating the risk-to-reward ratio is essential; however