@Terra Incognita:I opened $BABA 20240830 85.0 CALL$ ,BABA: collect 1.1% premium on covered call with strike at $85 which is 9% higher than current market price. Expiry in 24 days by 30th Aug. Earnings on 15th Aug but I didn’t expect much from it so decided to earn some premium instead.
@The Bull Hunter:$Dow Jones(.DJI)$ When they say Sell In May & Go Away, they did not mention when we should make a come back. I would think not likely anytime before September, remember the September Effect, where the market tend to be weaken in the month of September. Right now we are the first Monday of August, In the past 36 years, August has actually been the worst month for the Dow Jones and the second-worst month for the S&P 500 and the Nasdaq. Today bloodshed earlier , with the Nikkei 225 plunging 12% and biggest single day decline since 1987 crash. News feeds about the massive sell-off before the US market opening soon should flood your mobile’s notification right now and perhaps adding to your anxiety. But it's important that we shoul