To The Moon

$HSY 20240223 175.0 PUT$ closed this cash secured put with 65% premium collected. Market seems overhang on big tech ER... 

Tesla is unlikely to regain its glorious days of 280+ in 2024. The $25,000 EV market is dominated by cheap Chinese brands ie BYD, XPeng, Li Auto, and the upcoming Xiao Mi. It's simply too crowded for this low segment of EV. FSD will not be materialised in this decade due to very complex issues ie insurance claims, local regulations, etc Without trade barriers for china EV companies, Tesla will be wiped out in 5yrs.  Tesla price range should be in 130-190, and I don't see it will return to 200s in 2024. High risk: if it gets booted out from Magnificent 7, and replaced by Eli Lilly. Good luck to Tesla fans out there

$XOM 20240202 103.0 CALL$ sold covered call 103 expiring 02Feb. Very disappointed with XOM and decided to close position by selling covered call 103. Do not see how XOM/oil to flourish this US Election year. Most likely stay flat throughout the year 2024.

$Estee Lauder(EL)$ Due to weak economy in China, I don't see how EL can recover and back to its glory days of 200+ this year.  Target Price 170 by December 2024

$UNH 20240223 530.0 CALL$ sold covered call 530 expiring 23Feb. Strike price is much higher than my cost price and willing to let go the underlying shares if UNH hits above my strike price 530

$HUM 20240202 385.0 CALL$ sold covered call 385 on Humana. Don't see how H7M can fully recovered after the big sell down within 1 week. 

$EL 20240202 135.0 CALL$ sold 2 units of covered call on EL at 135 strong resistance level. Still very much under water and hoping for a strong rebound in Feb

Without the US institutionals big money inflow, it's highly unlikely this rally is sustainable. I do no see how BABA can go beyond 100 in near term.

$Alibaba(09988)$  $HSI(HSI)$  

$CAT 20240126 282.5 PUT$ sold put. Looks like CAT on uptrend after downing last few days.