A year ago, end-Jul, I signed up to join Tiger. Tbh for the most part to secure the sign-up bonus and rewards. ๐ But I also decided to take the chance to experiment with various strategies and make it a point to self-evaluate and reflect after one year. I had only one modest goal then - which was to beat Nasdaq and SPY by at least 1%. At end-Jul this year (one year on), I wanted to just jot down for self-reflection and posterity my "report card" for the year. And also to serve as a reference for my future self to continue persevering in this market! ๐ช Glad to share the results below. my primary trades were mainly based on the infamous "Option Wheel" strategy. Took quite a bit of juice to grind through those trades - took a whopping more than 200 trades in a year! R
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I opened $NEM 20240607 40.0 PUT$ ,โ๏ธ Newmont Corporation (NEM) is currently mining for gold in the financial markets, having outperformed expectations with an earnings beat of 57.14% last quarter. Looking ahead, the company is forecasted to rake in earnings of $2.40 per share on a solid revenue of $16.08 billion this fiscal year. Over the past month, Newmont's stock has climbed a sturdy 10%, trading at a forward P/E of 17.72X and a price-to-cash-flow ratio of 14.12X. Despite the Mining - Miscellaneous industry facing challenges, ranking in the bottom third of sectors, Newmont stands out with promising fundamentals and industry tailwinds that suggest potential upside. Opening a cash-secured put position to bet on Newmont's
I closed $PINS 20240426 34.0 CALL$ ,โ๏ธ covered call play on PINS wheeling worked out well this week. Securing full credit upon expiry! On to the next week.
๐ฅ๐ [Earnings Season] NVIDIA: Tech Darling with Bullish Mojo ๐ $NVIDIA Corp(NVDA)$
I closed $INTC 20231229 40.0 PUT$ ,Collecting the full dividend from CSP over 22 days. Another good CSP trade as expected. โ๏ธ
I closed $MU 20240426 114.0 PUT$ ,๐ฆ collecting full credit profits upon expiry over 22 days. This play remains attractive, will look for entry again!
I opened $HOOD 20240524 15.0 PUT$ ,๐ Market-makers option flow is showing a bias towards upside at least up to 20 in the near-term. Betting on this bullish potential with a CSP. Let we go again! ๐ช
I closed $RBLX 20240517 30.0 PUT$ ,๐งฉ booking 87% credit profits over 5 days. Good to profit from the rebound after massive gap down last week. RBLX remains attractive. Letโs look for entry opportunity this week. ๐๏ธ
I opened $MRVL 20240503 72.0 CALL$ ,๐ก wheeling MRVL this time. Noted a strong negative gamma at 70 but not much more above that. This is indicative of a price pull to 70, but price may lack conviction to move further up in the next week. So experimenting with a covered call at 72, a little lower than my cost basis to try and capture more premium. Letโs see if this experiment pans out well next week. ๐ค
I opened $VRT 20240517 81.0 PUT$ ,๐ Hereโs another favorite ticker! Vertiv Holdings Co. has surged 95% year-to-date, significantly outperforming the tech sector, and recently hit a new 52-week high of $95.32. This uptrend is supported by consistent earnings beats, with the latest EPS at $0.43 surpassing estimates. Looking forward, Vertiv projects a 36.16% EPS increase this fiscal year with revenues expected to reach $7.65 billion, and an EPS of $3.10 on $8.6 billion in revenues next year. The company's bullish outlook is backed by a 60% year-over-year increase in organic orders and robust demand in AI-driven technologies and liquid cooling systems. With strategic share repurchases and revised upward guidance for 2024, and
I closed $HOOD 20240426 16.5 PUT$ ,๐ฆ collecting full credit profits upon expiry over 17 days. This play remains attractive, will look for entry again!
I opened $JD 20240405 24.5 PUT$ ,๐ JD.com has really grabbed my attention lately! It closed at $26.80, ticking up by 1.13% and beating the market trends, as the S&P 500 dipped by 0.31%. Over the past month, JDโs stock has soared by nearly 11%, outshining the Retail-Wholesale sector's rise of 2.43% and the S&P's 3.05% increase. JD is expected to announce earnings per share (EPS) of $0.63, down 8.7% year-over-year, yet its revenue looks promising with a slight increase to $35.69 billion. For the year, forecasts are optimistic, predicting earnings of $3.14 per share and revenue hitting $160.06 billion, marking modest but steady growth. In terms of value, JDโs trading at a Forward P/E of just 8.44, a steal compared to t
I closed $CLSK 20240517 14.0 PUT$ ,๐ฐ clocking 85% credit profit over 14 days. Another nice run of a wheel! Will hold off on CLSK until a better entry comes!
I opened $ANF 20240517 109.0 PUT$ ,๐ ANF caught my eye recently again! Abercrombie & Fitch Co., a leading specialty retailer of high-quality casual apparel, operates through a robust network of about 759 stores globally, alongside key e-commerce platforms. This positioning makes it an attractive bet for investors looking for exposure in premium retail. With a promising forecast of 19.1% year-over-year earnings growth and a notable uplift in earnings estimates by analysts recently, ANF shows strong potential. The company's impressive track record of far-exceeding earnings expectations suggests a robust financial health. Given these dynamics, and a moderately positive GEX at 110, feels safe enough to do a short term bul
I opened $MRVL 20240524 72.0 CALL$ ,๐ฆ Rolling my earlier covered call up to 24/5 exp. Moved the strike price down to capture more premium. Another execution cycle of the wheeling on MRVL.
I opened $LYFT 20240524 16.0 PUT$ ,๐ Lyft Inc. cruised past expectations in the first quarter of 2024! It delivered earnings of 15 cents per share, a notable rise from the anticipated 9 cents, and a robust year-over-year growth. The company's revenue hit $1,277.2 million, soaring above projections by over $100 million and marking a 27.6% increase, fueled by a 12% boost in active riders to 21.9 million. This performance underscores a vibrant expansion in the rideshare market, with gross bookings climbing 21% to $3.69 billion. Looking ahead, Lyft sets an optimistic course with Q2 gross bookings forecasted to range between $4.0 and $4.1 billion, representing a 16-19% year-over-year growth, and an adjusted EBITDA between $95
I opened $VRT 20240524 91.0 PUT$ ,๐ once again, Vertiv is quickly becoming the darling of the market once again, with its shares soaring by 13.4% over the past month, dramatically outperforming the S&P 500โs modest 0.2% gain! This uptick comes even as its sector, Computers - IT Services, has seen a decline of 3.8%. Looking ahead, Vertiv is anticipated to report a significant earnings jump to $0.59 per share this quarter, marking a year-over-year increase of 28.3%. Financial projections across the board are also bullish with earnings projections expected to grow by 36.7% to $2.42 for the fiscal year, and by another 28.4% to $3.11 next year. Revenue forecasts are equally robust, with current quarter sales predicted to hi
One Year On - A Good Journey of Option Wheel Returns
One Year On - A Good Journey of Option Wheel Returns
$Grab Holdings(GRAB)$
I closed $Block(SQ)$ ,Sold at cost basis as part of my wheeling strategy. Offloaded this holding finally.
I closed $LI 20240517 29.5 CALL$ ,๐ clocking a 81% credit profit over 12 days. Will look to enter another covered call next few days. Stay tuned! ๐ช
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