To The Moon

I closed $MicroStrategy(MSTR)$  ,Locked in the profit. MSTR is just a proxy and it rides on the hype of BTC, ultimately the fundamentals still matter.

I opened $Alibaba(BABA)$  ,Hoping for positive surprise from this Fri's result annoumcement. Baba repuchased its own shares at 80.80 during last quarter, don't think it will go below this level.

I opened 2 lot(s) $SPY 20240830 561.0 CALL$  ,I opened 2 lot(s) $SPY 20240830 561.0 CALL$  ,. I am adopting a new strategy called Reverse Ratio Call Spread Writing or Backspread. This strategy involves relatively low and limited risk while offering potential unlimited upside. This approach differs from my previous trading styles, which involved constructing spreads or simply selling cash-secured puts. The strategy consists of buying 2 out-of-the-money (OTM) calls and selling 1 at-the-money (ATM) or in-the-money (ITM) call. By doing this, you receive a net credit, and the combined delta of the 2 OTM calls is higher than the delta of the 1 ATM/ITM call. If

I opened 3 lot(s) $TSM 20240802 139.0 PUT$  ,A defensive trade by queueing at at 139 with cash-secured PUT, expecting strong support at 140/150, otherwise wouldn’t be a bad deal to enter at 139

I opened 3 lot(s) $NVDA 20240802 90.0 PUT$  ,Just queue in advance using cash-secured PUTs in the event of major pullback in price.

I opened 1.0 unit(s) $ARM VERTICAL 240719 PUT 155.0/PUT 157.5$  ,Trying out iron condor option strategy utilising two vertical spreads, with limited risk exposure. After the last eventful week, realised that luck will not stay forever, just be safe!

I closed 300.0 share(s) $ARM Holdings Ltd(ARM)$  ,While the trade appears to be loss-making (shorted at 180 and bought back at 182.50), it is still profitable overall by adopting the right option strategy (selling in-the-money PUTs at the right time) plus a little of LUCK!

I closed $Tesla Motors(TSLA)$  ,It has been an eventful week for Tesla, making gains/losses here and there due to the extreme volatility. Gonna close all the long/short positions to readjust the portfolio to adopt a different option strategy.

I opened $TSLA 20240705 195.0 PUT$  ,The buying hype is back for Tesla after the result beats expectation, with an expected increase in volatility. Gonna secure some premium income since it is unlikely to drop back below 200, given the increased bullish view.

I opened $ARM 20240705 190.0 CALL$  ,It seems like the the hype around semiconductors/chips is over, at least temporarily. As long as it doesn’t swing wildly in a short period of time, it will be a winning trade.