I opened 4 lot(s) $YINN 20240419 18.0 PUT$  ,At the money with around 1 week to go. Since at the money option gives the most efficient premiums. Decided to not wait and just roll for premium. This is opening of new puts, roll out to 1 more month to capture time premium.

It boils down to fundamentals. If the stock is trading 50-60% below valuation, it doesnt matter, as in the long run, there will be reversion to the mean. I am already used to holding stocks that trade 50-60% from purchase price. Will usually average down to bring down the cost. Overtime, they usually recover. However, there is a mark difference between 50% drop and 5x drop of 10%. 50% drop has a high probability of structural issues within the stock, as usually stocks with strong fundamentals even if they drop is in series of bad news. Structural issues will be very difficult to recover, as it implies damage to the fundamentals of the company. A review of the position will be urgently required.

It is sometimes very tough to understand what does musk think. He can say this, turn around say another. There's already too much drama on this twitte episode. He has orchestrated it in a way that he is trying to decide if he should buy, when he has already bought. Leading his fans on to pile into twitter. Then came about the board issue, he was offered a position, then he rejected. After that, He just announce that he will offer a buy over. In between, he does not need to put a cent in, to have his twitter shares gain value. Ya ya, world richest man, doesn't need that small change. That small change may be small change to him, but may not be so for his "friends", who knows what will he be doing before he announces the action. It's not the first time that musk did questionable actions.&nbs

I closed 2 lot(s) $COIN 20250117 150.0 CALL$  ,call option has lesser than 1 month to go. Risk of assignment raises significantly. Decided to roll further in time to avoid assignment, while collecting premium. Making use of recent weakness to roll for better premiums. 

I closed 4 lot(s) $TMF 20241220 46.0 PUT$  ,>37% profits. Decided to close and roll forward in time since it's almost at the money to capture premiums. to reduce risk for Fed meeting, I had reduced my positions. However, I do not want to fully exit the position, hence I rolled running contracts further in time 

I opened 5 lot(s) $DJT 20241018 50.0 CALL$  ,Making use of the reversal in DJT to sell call options. Trump will be able to sell his stocks first. He has always been known to be selfish and put himself first. He won’t care if his supporters go bankrupt or penniless. Doubt he will care if his selling his stake will crash the stock. His legal fees are still piling up. For all we know, he may need the cash to escape somewhere. 🤣

I opened 4 lot(s) $EL 20250117 90.0 CALL$  ,Current calls going to expire. Planning to let it expire and save some commissions. Doesn't seem like rally coming anytime soon for estee Lauder. Hence continue to sell my covered calls. 

If we are talking about overall portfolio hedging, there are several ways to do so.1. Bonds Bonds usually are not as volatile as stocks and are supposed to act as anchors. Personally though, I am not a fan of it. As I feel that the hedging isn't very effective and the returns are too Low.2. GoldGold is another well known hedge. Gold performs well during crisis. However,gold doesnt reward u well for holding. It's really only to be used as hedge. Another alternative to gold can be the gold miners. I am currently hedging by owning some $Regis Resources Ltd(RRL.AU)$there are other gold miners like Eg: $Barrick Gold Corp(GOLD)$Alternatively, can gold for gold miner etf like $GDX3. De

I opened 2 lot(s) $COIN 20250221 150.0 CALL$  ,Managed to gain additional premiums through horizontal roll. Unable to roll defensively as the option is still deep in the money. Will continue to roll the position to improve the position 

I closed 26 lot(s) $XIC.HK 20240228 3.90 CALL$  ,Decided to take profit, slightly lesser than 50%, but contract has more than 40 days to go. Not worth waiting 40 days to capture remaining 50%. With everyday that China market remains down, the chances for rebound increases every day. Even if it’s a dead cat bounce, it’s still a bounce. Will cover back the calls then.

I closed 2 lot(s) $COIN 20250117 150.0 PUT$  ,As this put position is part of straddle position to reduce cost of deep in the money call position. Closed together with the call to roll the entire straddle position further in time for premiums 

$VALUEMAX GROUP LIMITED(T6I.SI)$ $MAXI-CASH FIN SVCS CORP LTD(5UF.SI)$$MONEYMAX FINANCIAL SERVICESLTD(5WJ.SI)$Can pawn brokers become defensive stock in troubled times?[Thinking] What are the issues that we are facing currently?1. High inflation 2. Raising interest rates3. Economic slowdown & recessionLets see the impact to pawn brokers.1. High inflationInflation boosts the prices of luxury items aswell as gold and jewellery. Luxury goods:Pandemic resulted in lesser supply yet higher demand for luxury goods (bags, watches etc), pushing up the prices.Being pawn brokers, who buy and resell luxury goods, when prices go up, they can get greater returns even if they keep to the same prof

I closed $SQQQ 20240719 10.0 PUT$  ,Not all positions end well. Sqqq position got whacked by the recent rally. Well good thing is that options is more forgiving than stocks. Will roll for some credit while Defending position.

Salaries are just amounts paid for employees for their contribution/work to the company. However, if we just look at it from this point of view. There's no real meaning.  Companies can choose to pay their admin staff $2000 per month or $10000 per month. It's just dollar value.  Overpaying employees will increase expense and decrease companies' profits. Hence, what matters to investors is more of operating margins. What's more crucial is how much $ contribution is gained/ per $ spent on employee. Eg. Employee who can earn $2 for the company while the company pays him $1, is worth the salary. As it's potentially 100% return for the company. However, high salaries alone without any way of comparison against output is just meaningless. Every company has their own strategy of maximisi

I closed $YINN 20240816 19.0 PUT$  ,With the volatility in the markets. Decided to close the short term trade and roll forward in time. Being near the strike price, helps in premium collection. Yinn has fallen too much previously, and didn’t fall as much as other 3x bullish stocks.

I closed 4 lot(s) $EL 20241018 115.0 CALL$  ,Simple covered calls. Letting the calls expire to capture premiums and slowly recover back the costs of assigned Estée Lauder shares. Will have a long while to go

Some random guessing.$Alibaba(09988)$is likely to be range bound between 120-90 until next positive earnings or end of the year whichever is earlier before a rally may happen with Low target of $135 and higher target of $180.Reason being, $120 is strong resistance level, and the price action seems to be muted after reaching it. There's lack of strength to carry through. In addition, the catalyst is also weird, I dun see the link between gaming approval and Alibaba. Tencent yes, Alibaba no. Markets seema to be finding a reason for pent up rally to rally. Alibaba is definitely still growing and will continue to do better, however likely will need more solid and relevant news for more investors to pile in and start their FOM

Based on conventional economics, pricing isdecided by demand and supply.If supply is constant, but demand increases, prices increases. If demand drops, so does prices. if we look at this theory, as long as Bitcoin quantity is lesser and lesser, by right Bitcoinwill continue raising. Btw, even the limited supply of Bitcoin, is manufactured scarcity. Self imposed scarcity.However, the more important question will be, can the demand for Bitcoin increase forever? Is there even a real demand for Bitcoin for practical reasons? The only demand that I can see so far, is that someone will pay higher to buy from me. Is this real demand or is this pure speculation? If it's speculation, will the bubble popPeople say that Bitcoin is a currency? Is it legal tender then? It'