@Terra Incognita:I closed $META 20240426 540.0 CALL$ ,META: this is the 2nd leg for the bear call spread of $535/$540 that expired worthless and lose all my premiums. Net premium collection is $160/0.3% over 8 days of contract and with max loss risk of $500 per contract. META rejected its all time high of $531 and didn’t test new high. Its earnings results on 24th April beats market expectations but forecast more spending and weaker revenue on coming quarter in >10% drop after earnings on a single day. As of now, META is 17% off its peak. While it’s now cheap in valuation by all means, it’s not expensive either. I’ll stop shorting META and might turn on the bull side should price action stabilise and shows strength.
@Terra Incognita:I closed $GOOG 20240426 170.0 CALL$ ,GOOG: collected full premium of 0.8% over 25 days when this covered call went into money. The strike was set pretty high at $170 at the point of my selling this covered call was only at $156. However earnings announced on 25th April were really good and GOOG went up 10% above the strike so I’ve sold the shares as part of being called away. Happy to let them go at 22% profit for those shares as I collected them at $139 back in Mar through cash secured puts. GOOG looks overbought at the moment and I think it might go sideways or corrects a bit lower should the general market is on the weaker side. Will monitor how I trade this counter moving forward.
Yes agreed, the outlook for Tesla looks better now that it has increase its price. Looking forward to seeing it shooting to the moon! I believe that it will start to shoot from here onwards. It is going to be up up up to the moon!! How U guys think about ALAB? I believe that it has potential to go further! Is it. A good time to enter? At what price will be good? I looking at it closely now. What U guys think? Is it a good price to enter now?
@FrankieRed:$Tesla Motors(TSLA)$ It will come up from the bottom as the company is doing well.
@huatgirl:Definitely gains on tourism efforts. If you've seen how insane the accommodation in singapore are literally flying off the shelves since October 2023.
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