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)$$Tesla Motors(TSLA)$ if they go below 85, 290, 200 respectively.
Santa rally was a bust. I have over 8k unrealised loss on shares I hold on $Direxion Daily TSLA Bull 2X Shares(TSLL)$ $MARA Holdings(MARA)$ $AST SpaceMobile, Inc.(ASTS)$ But I did something right before this bloodbath. I closed all my weekly positions (lucky) and started writing LEAPS puts and some calls. This gave me about 20k premium. [Miser] And what did I do with this 20k??? I bought more shares at a discount. [Cool] Holding weekly expiring this week could have been a major mistake. When the prices bounce back, my put LEAPS will be in the green and can be closed early in case.
$PLTR 20250404 80.0 PUT$$Palantir Technologies Inc.(PLTR)$ Just made AUD 1200 in 24 hours. lol. I was ready for this dump. Sold calls at the high point two days back and got protective puts a bit lower for a discounted price. Worked out pretty well. [Miser]
Okay, I have a gut feeling that the volatility is not yet done. This push will go up a week or so before falling back to the same levels as last week. Probably a bit lower as well. For example,$NVIDIA(NVDA)$ can go up to 110-115 then falling back to 80-90 range again in 2-3 weeks. Have a plan, folks.
$Direxion Daily TSLA Bull 2X Shares(TSLL)$ is in free fall. I would say a probable bottom is 19-20 range. This is a quite volatile stock as it is linked to $Tesla Motors(TSLA)$ Tesla has a great potential with robo taxi and optimus robot. Also, great dangers such as Elon's political haters and enemies, Elon's DOGE role being a distraction, and a possible fallout of the relationship with DJT. The current bearish market is not helping either. This makes this a high risk - high reward stock. I have a few hundreds of TSLL and it seems a long position at the moment. I have a hedge in place with a LEAP short CALL to cover 25% down turn. But this may slip below the break-even. Hopef
This is what I said on 1st of April. 1 week later $NVIDIA(NVDA)$ was 85 pre market, $CyberArk(CYBR)$ is now 290,$Tesla Motors(TSLA)$ is 218 and dropping. This was nothing to do with Trump tariffs. I deduced this by observing historical chart patterns. Different crisis, the same recurring pattern. [Cool]