$Meta Platforms, Inc.(META)$ META is flying today! Stock up over 6% after reports surfaced that the company plans up to 30% cuts to the expensive metaverse budget. This is a clear signal that cash is being freed up and redirected toward better-performing core business areas and, critically, the booming AI development race. Great to see a focus on discipline—this is a huge win for investors.
$Advanced Micro Devices(AMD)$ Remaining bullish on AMD ahead of its upcoming earnings report this Thursday after the market closes is prudent. The company appears poised to surpass estimates, but investors should pay close attention to the guidance provided for the remainder of the year. It's worth noting that many major players in the tech industry have announced substantial investments in artificial intelligence (AI) moving forward. This bodes well for chip makers and designers, suggesting a promising outlook for robust business opportunities in the sector.
$AMD 20240426 157.5 CALL$ 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 😅
$TSLA 20240322 185.0 CALL$ Sold this weekly CCOption against my Tesla Underlying. Looking at technical, resistance to be around 180 by end of the week, if Tesla remain below 185 by end of this week, will keep the full premium collected, however, if the stock price goes above 185, corrective measures will be taken, as this strike is still below my cost, thus not ready for it to be called away yet.
$(AMD)$ Four months ago, I embarked on a Wheel Strategy with AMD. The moment of truth arrived in the third week of April when my Cash Secured Put with a strike price of $150 was met, and the underlying shares were assigned. For the past seven weeks, I've been actively selling Covered Calls against this lot of 100 shares. While a few of these options expired worthless, most were bought to close within a few short days, capturing quick profits whenever the odds favored me. The total profit from the initial put option and the subsequent call options amounted to $780. Additionally, the profit from the underlying stock itself was $1,750. In total, this seven-week wheel cycle yielded a handsome profit of $2,530. Had
$Palantir Technologies Inc.(PLTR)$ I sell covered call option to make some side income on almost all my underlying shares in hand. However there's 1 stock that I have rarely do that now is PLTR. Used to sell covered call on PLTR before as we know the stock price just kept going up, some of the shares were called away due to the option got into the money and too deep to roll them. Thus decided not to sell anymore CC against the remaining PLTR, in fact will be looking for opportunity to enter some more PLTR when there's any market pull back.
$NVIDIA Corp(NVDA)$ The dip on NVDA is not just solely alone, it's the over all market, thus this sort of dip only present opportunities to add shares as suppose to selling. Don't have to FOMO either, just buy a little along the way which is what I have been doing since it started Coming down from 120. The lowest price so far was 103 that I've bought in. There may be more opportunities to come in the next days, weeks or maybe even months. So take it easy and slow. Just nibbles
$TSLA 20240920 250.0 CALL$ This Covered Call sold 2 days ago went deep into RED right after opening. The news of Tesla rolling out Robotaxis has got the market in excitement sending the share price up over 6% at some point. Decided to take profit while Tesla pulls back along with the broader market. It may goes back up next week after today’s big decline. Shall look for new opportunity to re-enter then.
$PLTR 20240816 31.0 CALL$ Just open a Covered call option with strike of $31 on PLTR. On one of my article, have sighted that at $30 PLTR may meet some resistance as it was previous swing high and also the top resistance side of the channel it have been trending pretty much while this year. May adjust this strategy if PLTR decides to bulldoze pass all these resistances.
$TSLA 20240823 235.0 CALL$ Sold a covered call on TSLA as it heads higher to capture a better premiums. At this$205 juncture, the price will be met with 200 EMA and a bearish trend line. Think it will likely be rejected and head back lower towards end of trading day. But if price can break and stay above these resistance, the stock will poise to head much higher, by then, will need to migrate this option contract. 🤞
$META 20250124 565.0 PUT$ just open a weekly CSPut on META as it pulls back on some negative news. this strike is a little higher then the previous as the underlying share price has gone up the past days, in order to receive a decent premium, got to rise the strike as well. It is still within a level am happy to take assignment of it, if $META 20250124 565.0 PUT$ the share price do fall near the strike.
$TSLA DIAGONAL 240705/240712 CALL 210.0/CALL 215.0$ Roll an earlier CCOption that was meant to expire this week with the strike of 210, seeing that 210 has already been breached, decided to roll it to a higher strike of 215 another week out. A credit trade nonetheless.