Option Trades (Week 47 - 2024) Sold 1 lot of $MARA 20241220 19.5 PUT$ $HUT 20241220 21.0 PUT$ $CLSK 20241220 11.5 PUT$ . Had also sold more puts this entire week but haven't had the time to post. DCA continues as BTC continue higher. The high IV continues to provide for good premiums. I continue to remain bullish at least up till end of 2025 or early 2026 given that Trump will be taking office. LFGP!
Option Trades (Week 47 - 2024) I was concerned with $Marathon Digital Holdings Inc(MARA)$ not filling the gap as majority of the other miners had a nice bounce after filling the gap. However, the price movement today showed a strong support after filling the gap and quickly recovered. As part of the monthly income series, selling 1 lots of the following $IREN 20241220 9.5 PUT$ $CLSK 20241220 12.5 PUT$ $MARA 20241220 18.5 PUT$ as part of my proxy play, taking advantage of the current high IV climate for good p
$Marathon Digital Holdings Inc(MARA)$ As expected, the results failed to meet estimates and is looking to pull back sharply. In my opinion, all the mining companies would need to transit through at least 1 to 2 more quarters of earnings to settle with a new baseline post halving and for their expansion plans to play out. This is in conjunction with BTC price going up (hopefully) and pull the miners along with the improved sentiments. Am overall bullish. Lets Freaking Go Please! LFGP!
$Tesla Motors(TSLA)$ TSLA has risen quite abit over the past few weeks and is due for a correction. Long term wise, the technicals remain bullish with the current political climate favouring TSLA more than before. It would be good to correct to between $300 - $310 range to retest support and close the gap. While people often say dont fall in love with a company, I cannot help it with TSLA as I love what they are doing. Lets Freaking Go Please! LFGP!
In my opinion, regardless CPI coming in hot or cool, it might be a sell the new event. If it comes in hot, it may lead to a pause in Dec's rate cut decision with market further correcting. If it comes in below or within estimates, it may also be a sell the news event, which we have seen often in the past more often than not. Instead, we should focus on the company fundamentals, plan your trades, trade the plan. Lets Freaking Go Please! LFGP!
Option Trades (Week 46 - 2024) Sold 1 lot of the following $HIMS 20241213 26.0 PUT$ $SOFI 20241213 13.0 PUT$ as part of the weekly income strategy. It is difficult to make any move when the stock price is moving fast but the increase in IV provides for the premium even at lower delta. This would require a fair bit of risk management with the run up in prices. These trades however are based on the DCA strategy for long term holdings. Do exercise caution. Lets Freaking Go Please! (LFGP)
Option Trades (Week 46 - 2024) Sold 1 lot of the following $HOOD 20241213 31.0 PUT$ $CLSK 20241213 15.0 PUT$ as part of the weekly income strategy. It is difficult to make any move when the stock price is moving fast but the increase in IV provides for the premium even at lower delta. This would require a fair bit of risk management with the run up in prices. However, I continue to bet on this being the start of the rally. Do exercise caution. Lets Freaking Go Please! (LFGP)
Option Trades (Week 46 - 2024) Sold 1 lot of the following $MARA 20241213 21.0 PUT$ $IREN 20241213 11.0 PUT$ $CIFR 20241213 7.0 PUT$ as part of the weekly income strategy. It is difficult to make any move when the stock price is moving fast but the increase in IV provides for the premium even at lower delta. This would require a fair bit of risk management with the run up in prices. However, I continue to bet on this being the start of the rally. Do exercise caution. Lets Freaking Go Please! (LFGP)
Today, like to share on how I manage my portfolio across various brokerage. The current allocation by asset market value as follow: 35% SG Market, 45% US Market and 10% in Cash (for expenses) and Bonds (SSB etc.) SG Market - 50% REITS across the blue chip REITS, not more than 8% in a single holding. 35% across all 3 banks with OCBC and DBS being the most heavy. 15% cash. While US has been doing well as of late, SG market may be boring but boredom can be enjoyable as it provides some peace of mind. The strategy is to DCA monthly and collect dividends with the cash flow helping to DCA or even to aid in expense short fall when required. Cashflow is like blood in investments. The peace in SG market has provided much calm to the overall portfolio during periods where US face high volatilit
As shared previously, trump's victory resulted in BTC breaking out and I mentioned that if this was real, it is just the start of the rally. Crypto miners continue to be my proxy play to BTC but do note that these companies are never fundamentally strong and really depend on BTC price to really moon. Do manage your risk to reward, it is okay to have some allocation to these instruments. Volatility is your friend in the option market. Lets Freaking Go Please (LFGP)! $Bit Digital, Inc.(BTBT)$ $Cipher Mining Inc.(CIFR)$ $Marathon Digital Holdings Inc(MARA)$
Option Trades (Week 45 - 2024) Sold 1 contract of $HIMS 20241206 20.0 PUT$ based on 0.25 to 0.30 delta range provided the strikes are on or below moving averages. Continue to collect income from option wheeling. Intraday, HIMS experienced a big drop with no apparent news. Fundamentally strong company that looks good to sell put and get assigned if pulled back. LFGP!
Option Trades (Week 45 - 2024) Sold 1 contract of each $HUT 20241206 16.0 PUT$ based on 0.25 to 0.30 delta range provided the strikes are on or below moving averages. Continue to collect income from option wheeling. The punt is also on that this is just the start of the next BTC cycle and these miners are my BTC proxy play. LFGP!
Option Trades (Week 45 - 2024) Sold 1 contract of each $MARA 20241206 17.0 PUT$ $CIFR 20241206 6.0 PUT$ $IREN 20241206 9.5 PUT$ based on 0.25 to 0.30 delta range provided the strikes are on or below moving averages. Continue to collect income from option wheeling. The punt is also on that this is just the start of the next BTC cycle and these miners are my BTC proxy play. LFGP!
Option Trades (Week 45 - 2024) Sold 1 contract of each $CLSK 20241206 11.0 PUT$ $MARA 20241206 16.5 PUT$ $MARA 20241206 16.0 PUT$ based on 0.25 to 0.30 delta range provided the strikes are on or below moving averages. Continue to collect income from option wheeling. The punt is also on that this is just the start of the next BTC cycle and these miners are my BTC proxy play. LFGP!
Option Trades (Week 45 - 2024) Sold 1 contract of $SOFI 20241206 14.0 CALL$ . Strategy is still to sell put and DCA if assigned on long term investments and sell calls to collect premiums/trim when in excess. LFGP!
Option Trades (Week 45 - 2024) Sold 1 contract of $HIMS 20241206 18.5 PUT$ , good results, poor price movement. Selling between 0.25 to 0.30 delta daily as it is still close to technical supports.
Option Trades (Week 44 - 2024) Sold 1 lot each. Aim is still to collect income on red days on strikes between 0.25 to 0.30 delta. Not timing or guessing the market as they price better than any of us. Only if the strike prices are close or below moving averages. LFGP!$MARA 20241129 15.5 PUT$ $IREN 20241129 8.5 PUT$ $CLSK 20241129 10.0 PUT$
Option Trades (Week 44 - 2024) Sold 1 lot of $HOOD 20241129 22.5 PUT$ . HOOD was down on missing estimates and dragged further by the drop in crypto. Growth is still good, adding base on market pricing. Do not doubt the market, LFGP!
Option Trades (Week 44 - 2024) Sold one lot of $SOFI 20241129 14.0 CALL$ covered as the price recovered. Technicals are still strong, pointing at a possibility to reach $14. Nevertheless, continue to collect income. Lets Freaking Go Please! (LFGP)