@mster:$(AMD)$ Four months ago, I embarked on a Wheel Strategy with AMD. The moment of truth arrived in the third week of April when my Cash Secured Put with a strike price of $150 was met, and the underlying shares were assigned. For the past seven weeks, I've been actively selling Covered Calls against this lot of 100 shares. While a few of these options expired worthless, most were bought to close within a few short days, capturing quick profits whenever the odds favored me. The total profit from the initial put option and the subsequent call options amounted to $780. Additionally, the profit from the underlying stock itself was $1,750. In total, this seven-week wheel cycle yielded a handsome profit of $2,530. Had
@Ah_Meng:$Tiger Brokers(TIGR)$ Still some way to go... At least according to the chart... There are obviously risks and opportunities involved for π― broker. π―, as we know, has been building up its community platform through various activities. It has grown its community into a platform of information sharing, as I am doing now [Tongue] . A major risk comes from China as the Chinese legislation has been targeting Chinese money outflow. New law is in the work to prevent Chinese investors from using trading platforms such as π― to invest outside China. To be fair, π― broker has taken steps to alleviate China's concerns. The question will always be is it enough. Opportunities obviously lie in the platform itself. Tiger broker has been
@OptionsDelta:GameStop (GME) timed the 12pm stream strategically - Kittey plans to leverage options expiration for a squeeze.On Friday's open, brokers will conduct risk checks for the latter half of the session. If the sell calls become in-the-money, insufficient margin will trigger margin calls.There are two scenarios for sufficient margin. Market makers will hedge by buying shares based on gamma exposure, potentially causing a gamma squeeze.For retail selling calls, while they don't delta hedge based on a model, we've all seen the panic buy-to-cover in the comments when the stock rips against their short calls.It amounts to the same buy pressure.Objectively, Kittey's latest FOMO campaign succeeded, with GME options volume exploding to 5th highest across all tickers at 1.519 million contracts.However,