@mster:I closed 1 lot(s) $AMD 20240621 150.0 PUT$ ,AMD has been trending within a bearish channel for the past two months, characterized by lower highs and lower lows. It has been hovering around the 20/40 EMAs while finding support on the 150 EMA in recent days. AMD has a high implied volatility, making selling options quite lucrative—provided one predicts the direction correctly. With this put option expiring worthless and the full premium collected, I will look for dips to enter again, ideally in the mid-150s.
@Barcode:$SUPER MICRO COMPUTER INC(SMCI)$ SMCI Update: Cup and Handle Breakout Potential Super Micro Computer, Inc. (SMCI) is currently trading at $873.02, and it’s flirting with a critical level of $872. This price action signals a potential breakout from a Cup and Handle (C&H) chart pattern, which traders love for its bullish continuation implications. What’s Brewing with SMCI? 1. Cup and Handle Formation: - Cup: Think of this as the market taking a nice rounded sip, indicating consolidation with a dip followed by a recovery. - Handle: A slight dip or pullback forming the handle, showing a brief pause before the next move up. 2. Breakout Level: - $872 is the magic number. Trading above this confirms the bullish breakout, setting the stage fo
@Terra Incognita:I closed $RCL 20240614 145.0 PUT$ ,RCL: collected full premium of 1.55% on RCL cash secured put after holding for 11 days. RCL has a dump of about 4.4% on the final day 14th June and closed at $148.5 which is quite close to the strike of $145. It actually went as low as $146 before gaining back $2.5. Glad to collect full amount. Will continue to sell new sets next week to continue collect premium for CSP.