I closed $TSLA DIAGONAL 241220/241227 CALL 410.0/CALL 412.5$ ,Rolled tsla covered call out to next week at a higher strike for a credit of $175. I get to keep last week's premium of $180. I will just keep rolling the covered call every week until it expires worthless and keep collecting premium
I closed $Amazon.com(AMZN)$ ,Amzn is breaking down from a rising wedge pattern so I decided to take some profits to raise money. If there is a correction I will have some ammo to buy stocks at a discount. Long term amzn is a great stock to own but I think a pullback is due
I opened $TransMedics Group, Inc.(TMDX)$ ,Bought some tmdx shares as it bounced off the 200 week simple moving average and it over sold with bullish divergence on the rsi. The 200 week sma held as support previously there's a good chance it will hold again
I closed $TSLA DIAGONAL 241213/241220 CALL 405.0/CALL 410.0$ ,Rolled my tsla covered call up to $410 For a credit of $180. I get to keep the previous premium of $240 for selling the $405 call. Every week I will keep rolling the call up and earn premium. This is possible with tsla cos the implied volatility is so high thus the premium is good. This covered call strategy pays so much more than any dividend stocks
I opened $TSLA 20241213 405.0 CALL$ ,Sold another tsla covered call as price seems to facing some resistance At $374. After breaking out of $360 the next target will be the all time high at $400 but price might consolidate here for awhile and I sold the $405 strike so it should be pretty safe
I closed $TSLA 20241206 380.0 CALL$ ,Took profits from my tsla covered call as price action is bullish. Tsla seems to be in an accumulation pattern forming a cup and handle in the 5min time frame. The indexes are also bullish, keep making new highs. Making 83% in 2 days is good trade for me.
I closed $Lululemon Athletica(LULU)$ ,Sold some lulu stock before earnings as there is bearish divergence forming. Price is making a higher high but rsi is making a lower high. This doesn't mean that it will definitely drop. If they report good earnings then price will continue to rise, so I only sold 25% of my holdings.
I opened $TSLA 20241206 380.0 CALL$ ,Sold covered call on my tsla shares again this week the price action seems very bullish but $357 is a very strong resistance I think price will consolidate more before breaking out of it. I sold at a high strike price in case it breaks through the resistance
I closed $TSLA 20241129 375.0 CALL$ ,Tsla covered call expires worthless I get to keep the entire premium of $237, not bad for a week's trade. I believe tsla stock will reach $400 by end of the year so I will be more cautious selling covered calls going forward