I am not convinced to lock my cash on any positions now. I see more downside. And dead cat bounces. What if I miss the boat? Yes, that is perfectly fine. I will pass FOMO. Anyway I am an option writer. I make 90% of money using options. So, I don't care about long term or DCA. I thrive in bull option markets, so yeah, looking forward to it. Typically, 5-10% monthly returns in a bearish market, and 10-20% in bullish. However, I will open positions on $NVIDIA(NVDA)$ $CyberArk(CYBR)$$Tesla Motors(TSLA)$ if they go below 85, 290, 200 respectively.
Just bought 100 $Strategy(MSTR)$ and sold LEAP on it and got 4300 USD. Basically, it is about 35% instant return paid in cash. Even this goes up and get called, I don't care as I have already got cash for it. so this drops my break even to around 80 dollars per share.
Sold another two PUT contracts on $Palantir Technologies Inc.(PLTR)$ I will keep selling put contracts on the way. I would love to get assigned at a cheaper price. Remember, break-even of a PUT option is way better then buying at the market price under the right conditions. Let say I get assigned @140, but got $1000 premium. Which makes it $130 avg cost per share. You have a discount. PLTR price target is $188. Which I personally believe could be a $300 stock easily. Or you just walk away with the cashflow via all the premiums.
Santa rally was a bust. I have over 8k unrealised loss on shares I hold on $Direxion Daily TSLA Bull 2X Shares(TSLL)$ $MARA Holdings(MARA)$ $AST SpaceMobile, Inc.(ASTS)$ But I did something right before this bloodbath. I closed all my weekly positions (lucky) and started writing LEAPS puts and some calls. This gave me about 20k premium. [Miser] And what did I do with this 20k??? I bought more shares at a discount. [Cool] Holding weekly expiring this week could have been a major mistake. When the prices bounce back, my put LEAPS will be in the green and can be closed early in case.