$Nasdaq100 Bull 3X ETF(TQQQ)$Good options play. Everyone should check this out. I have been earning monthly premium of more than 2% for selling put 25% discount to the current price.
I closed 7 lot(s) $TNA 20240517 30.0 PUT$ ,81.38% profit after 2 weeks +. Need to be more cautious in May, don't sell options for high premium or you will easily get caught by the potentially poor market.
Micron has always been cyclical in nature, this downturn post a significant buying opportunity before the DRAM price goes back up during the next cyclical period. Bought Micron at $29 during the last cyclical downturn and has been selling call options ever since, a huge part of my passive income play for my retirement.
Micron Stock: Extend Your Timeline and Stay Invested
I opened 7 lot(s) $TNA 20240517 30.0 PUT$ ,Has been eyeing for a big drop for TNA and finally get to see one. Today's drop is higher than SOXL and TQQQ which is rare to see. Might be a good chance to get some positions.
I closed 7 lot(s) $SOXL 20240517 30.0 PUT$ ,85.3% profit with around 2 weeks to go. Went through a roller coaster ride past 2 weeks. I have full bullet now to face any downturn again!
$Semiconductor Bull 3X Shares(SOXL)$$Nasdaq100 Bull 3X ETF(TQQQ)$$S&P 500 Bull 3X ETF(UPRO)$Do you know if you hold $10,000 in TQQQ 10 years ago, you would have $1.2m by end of 31 Dec 2021?I have debunked the following myths about Leveraged ETFs:1️⃣ Is Leveraged ETF only suitable for day trading?2️⃣ Will Leveraged (3X) ETF goes to 0 if underlying index drops 34% in a single day?3️⃣ How to invest Leveraged ETF with lower risk?4️⃣ Why Leveraged ETF should be part of your portfolio?https://youtu.be/BHH3IODw3IU
$SOXL 20220909 14.0 PUT$Sold put when it was down 12% on 9 Aug because I think the Nvdia's lowering its Revenue target for the upcoming reporting has been priced in. Micron has also lowered its CAPEX spending and stock is trading near 1.3 P/B ratio. Good news will be ahead.On 10 Aug, it jumped back 14% and I am in 40%+ profit in just 1 day.[smile]
I closed 1 lot(s) $TSLA 20240405 165.0 PUT$ ,A very closed one, I was about ready to be a proud shareholder when Tesla closed at $164.90. But it shot back up above my strike price of $165 after market. My cash covered put expired worthless, will continue to sell cash covered puts when it's on the downward again.
$TQQQ 20220826 24.0 PUT$Sold Put on 26 Jul, profit reached 90%+, so bought back to close today. Pretty nice profit.Profit: 121.39 USD (After Fees)Cash set aside for options: 2,400 USDLength: 15 DaysRate of Return: 10.11% Monthly ROI (121.39% annual return)
I closed 7 lot(s) $SOXL 20240202 22.0 PUT$ ,Close my covered put options around 2 weeks earlier at 87% premium profit. Sold at 0.37, bought back at 0.04.
I opened 1 lot(s) $TSLA 20240223 165.0 PUT$ ,An interesting price point to buy 100 stocks of Tesla @ $165, sold 1 lot of cash covered put to see how the market reacts in the next couple of days on the bad earning report.
I opened 7 lot(s) $SOXL 20231222 18.0 PUT$ ,Best time to sell put when market is down. Aimed for slightly more than 2% monthly ROI to sell my put options using limit order, triggered and USD273 premium collected. If you are following this order, try to only use 1/3 of your total available cash as your first bullet. Keep your 2nd and 3rd bullets if market worsen in the near term.
I closed 7 lot(s) $SOXL 20240419 30.0 PUT$ ,This is my last cash covered put, closed at 88%+ profit. Nothing assigned so far. Looking to sell more cash covered puts if things turn sour tomorrow.
$FL 20220805 24.0 PUT$I am looking to buy $FL cause it is trading much lower than its intrinsic value now hence I sold the put option as strike price of $24. The premium is good at around 5.3% a month
I opened 1 lot(s) $GOOGL 20240322 136.0 PUT$ ,Bad news for Google today means good time to sell cash covered put. I don't mind getting assigned 100 GOOGL at USD136.
$Semiconductor Bull 3X Shares(SOXL)$It's always a good time to sell put options when this 3X ETF is down.My Trade DetailsExpiry Date: 09 Sep 2022Strike Price: 14 (22.5% lower than current price)Premium collected: 0.72 x 300 = $216Fees: $3.50Net Premium Earned: $212.50
I opened 7 lot(s) $SOXL 20240419 30.0 PUT$ ,Closed my previous covered put to free up some margin. Good to sell some puts today with 40 days out for around 1.5% to 2% monthly profit. Achieved around 9% ROI so far YTD.