To The Moon

Replying to @Ranzy:No worried mate. Yes you can actually clicked into the link and see what’s the current live price of the trade. Takes some time to navigate the various functions, but they are quite useful.//@Ranzy:Thanks for the info. Just wondering can ee buy the call when we click on the link sorry mate m new to this and itsreally hard to understand techincal stuff on tiger trade

I opened $FTNT 20240628 57.0 PUT$  ,FTNT: collect 1.05% premium on FTNT after selling cash secured put with strike price at $57 and expiring in 38 days on 28th June. The strike was slightly below the most recent low thus possibly act as temporary support. As of now, FTNT is battling the 150 days MA and 200 days MA lines and could remained slightly bearish bias if it continue to be below those resistance levels. Will monitor how this trade goes.

I opened $SOFI 20240607 7.0 PUT$  ,SoFI: collect 2.4% premium for this Cash secured put on SoFi. The strike was again set at $7 and contract will expire on 7th June which is 17 days away. So far the support level had been holding. However, they seemed to be weakened by 2 weeks of Fri closing below $7 on 3rd May and 10th May resulting in stocks being assigned before the stock price goes back above $7 the following week. Moving forward, might shift support level to $6.5 for better risk control if the premium still makes sense.

I opened $DPZ VERTICAL 240621 CALL 545.0/CALL 540.0$  ,DPZ: sold a new bear call spread on Domino’s Pizza after the last one expired in favour. Strike was maintained at $540/$545 right at the top of its most recent peak. Premium collection is $85 over max $500 of risk so it’ll be about 17% when expires. The stock rose 8% after earnings and had drifted lower then consolidating at around $515 for the past 2 weeks. Short this counter on resistance level as $540 is around the double top level and lack of further catalyst after the earnings already out this quarter.

I opened $BABA 20240621 81.0 PUT$  ,BABA: Collect 1.5% premium when sold this cash secured put on BABA. Took opportunity to sell a new put when BABA is about 2% down today. The strike was set at $81 which is near the gap fill level after the recent run up. Expiry on 21st June which is 31 days away allow for better risk control. At current market price of $86.7, one of my covered call will expire in the money this Friday at $83 so selling this new put at lower strike of $81 to maybe buy it back when possible.

I opened $Costco(COST)$  ,COST: Short Costco at $797 which is about $120 higher than my last short. This is to bring my short average up to $699 ahead of earnings on 30th May. Costco now is at all time high and overbought going into earnings. It is also on the upper band of a channel and near key resistant level of $800. This stock is consumer defensive and the company is well run and well liked. I’m looking for a short term correction on Costco to secure a win for this swing trade.

I opened $NVDA 20240531 1110.0 CALL$  ,NVDA: collect 0.45% premium for this naked call that is far out of money at 0.1 delta. The strike was set at $1110 which is a good 17% higher than current market price. Expiry was also selected to be shorted on 31st May which is only 11 days away. Earning for Nvdia is this Wed 22nd May and expected volatility is about 12% either way. Capitalise the volatility to sell this call. Should the event that NVDA breached $1110 after earnings, I might look to roll or to accept assignment to bring up my short average on NVDA. Will only decide based on what was presented on earnings.

I opened $TSLA 20240621 200.0 CALL$  ,TSLA: collected 0.9% premium for this covered call with Tesla. The strike was set at $220 and expiry set on 21st June which is 32 days away. TSLA bullish run towards $200 after the FSD news on China visits had ran out of steam. As of now, it seems to be in consolidation mode again so selling covered call to take in some premium which waiting. Happy to let go of Tesla when the time is right.

I opened $ANF 20240621 110.0 PUT$  ,ANF: collected 1.7% premium on Abercrombie & Fitch after cash secured put. The strike was set at $110 which is slightly lower than my short holding average. If ANF ever fall this low and went into the money, then it meant as my short swing bets were profitable both for the stocks and options. ANF now is at all time high and overbought going into earnings. Their past quarters were very strong earnings so risk are there for another good earning. US consumer debt had been increasing and post covid savings money had mostly been depleted. I look for a short term correction on ANF to secure for a win for this swing trade.

I opened $Abercrombie & Fitch(ANF)$  ,ANF: Short Abercrombie & Fitch at $145 which is about $10 higher than my last short. This is to bring my short average up to $114.86 ahead of earnings on 29th May. ANF now is at all time high and overbought going into earnings. Their past quarters were very strong earnings so risk are there for another good earning. US consumer debt had been increasing and post covid savings money had mostly been depleted. I look for a short term correction on ANF to secure for a win for this swing trade.