To The Moon

I opened $TSLA VERTICAL 241122 CALL 360.0/CALL 365.0$  ,TSLA: sold bear call on TSLA at near term resistant level of $360 and buy back at $365, risking maximum $500 per contract on this trade.  Premium collection is $135 so is about 27% reward to risk ratio.  Expiry by this Fri 22nd Nov so we'll know outcome by then. Still think TSLA is overbought despite the sell off last week and strongly rebounded on Monday 18th Nov.  Short term trade that I'm ok to risk. 

I closed $SOFI 20241115 9.0 PUT$  ,SoFI: collected premium in full for these cash secured put as it expired on 15th Nov.  SoFI continued it's bullish run therefore the sell put side had been profitable. I'm still long term bullish on SoFi so will look to sell new ones. Might wait till price consolidates as well.

I closed $ANF 20241115 130.0 PUT$  ,ANF: collected premium in full for this cash secured put as it expired on 15th Nov. ANF went as low as $131 on 1st Nov but now recovered to $144. The strike at $130 were at good support and it proved its level when the price action rebounded over that. 

I closed $MSFT 20241115 390.0 PUT$  ,MSFT: collected premium in full for this cash secured put as it expired on 15th Nov. The strike of $390 were set at the low on the sell off after earnings on 30th Oct. Price had since recovered so these were good setups. Look set to replicate new trade in coming week.

I closed $TSLA 20241115 360.0 CALL$  ,TSLA: setting up a bear call with strike at $355 and $360 with maximum $500 per contract exposure. They expired worthless on 15th Nov as TSLA were actually down to $320 making this a profitable setup. 

I closed $TSLA 20241115 355.0 CALL$  ,TSLA: setting up a bear call with strike at $355 and $360 with maximum $500 per contract exposure. They expired worthless on 15th Nov as TSLA were actually down to $320 making this a profitable setup. 

I closed $GFS 20241115 50.0 CALL$  ,GFS: collected these covered call premiums in full when they expired worthless on 15th Nov. this semiconductor company didn't have related products that tap into the tailwind of AI so it's market price had been really suppressed. Look to continue selling covered call to replace these. 

I closed $PFE 20241115 29.5 CALL$  ,PFE: collected these covered call premiums in full when they expired worthless on 15th Nov.  PFE had been dropping since earnings even though the results were decent. Topped up with the nomination of anti vaxxer RFK Jr. by Trump as the Health secretary come Jan 2025 doesn't help these Pharma with large exposure to vaccinations incomes.

I closed $IQ 20241115 3.0 CALL$  ,IQ: collected these covered call premiums in full when they expired worthless on 15th Nov.  IQ had been disappointing for the past 3 weeks after the Chinese stimulus news fizzles out. Earnings on 21st Nov so that will swing the counter either way, hopefully on the bullish side.

I closed $SMCI 20241115 65.0 CALL$  ,SMCI: collected these covered call premiums in full when they expired worthless on 15th Nov.  These were sold before SMCI jumped the cliff so it's easy money to wait till it expires. The actual stock holding is taking a large cut with all 4 limbs chopped off 😅