I opened $TSLA 20240524 167.5 PUT$ ,Positioning for a downside move for TSLA. Buying at 0.99 while volatility is low. Hoping for greater volatility as NVDA earnings tends to move the markets.
GameStop > GameStopped? Last week, I decided to short the meme rally as the run up has been overwhelming so much so that I doubted it had the legs to go on. I made the decision to sell close to expiry puts since the volatility was high, and the time decay would run quickly. By Friday, the decision had proven effective as the the options expired worthless as $GameStop(GME)$ dove from its highs. Now hovering at the low 20s, the relative value of the GME is still too high and will likely trend downwards eventually to the sub-10s/low 10s. This is the most likely outcome as the company has poor fundamentals. This has been further exacerbated by GameStop diluting the stock by releasing more 45million shares on Friday. Some may be tempted to go
Monthly Personal Review- April 24 Personally, it been a slow year, and that's a super positive spin on how the year has gone. Been swamped with work and neglected my stocks. Ended up washing out my wins from last year, as I decided to try a more hands off approach which backfired. I am apparently a hands on, research intensive active investor and when I put my foot off the pedal,I can lose lots. Damn Tesla! Haha! Part of the learning experience, I guess, as I am still relatively new to investing having only started investing in the 6 figures last year. Last year, my gains came as I worked on buying and selling stocks with a small contribution via options. I attempting to switch strategy to one where I passively hold stocks while collecting option premiums but it
Monthly Team Review-April 24 The Team did a great job last month, finishing first!. Every member is pulling their weight. Kudos to the teams effort! Keep it up, guys.