To The Moon

I opened $MRVL 20240503 72.0 CALL$ ,🎡 wheeling MRVL this time. Noted a strong negative gamma at 70 but not much more above that. This is indicative of a price pull to 70, but price may lack conviction to move further up in the next week. So experimenting with a covered call at 72, a little lower than my cost basis to try and capture more premium. Let’s see if this experiment pans out well next week. 🤞

I opened $MRVL 20240503 72.0 CALL$ ,🎡 wheeling MRVL this time. Noted a strong negative gamma at 70 but not much more above that. This is indicative of a price pull to 70, but price may lack conviction to move further up in the next week. So experimenting with a covered call at 72, a little lower than my cost basis to try and capture more premium. Let’s see if this experiment pans out well next week. 🤞

@Optionspuppy has long been a Star Contributor in the Tiger Community, consistently providing valuable content. In trading, he primarily focuses on $Invesco NASDAQ 100 ETF(QQQM)$ , $Palantir Technologies Inc.(PLTR)$ , $Manulife(MFC)$ , $Alphabet(GOOG)$ , and $Apple(AAPL)$ , and often utilizes the strangle option strategy for dividend stocks to generate income.He exercises caution in position management by keeping half of his available cash in Tiger vault to safeguard against market crashes. Currently, he has achieved a year-t

I opened $MRVL 20240503 72.0 CALL$ ,🎡 wheeling MRVL this time. Noted a strong negative gamma at 70 but not much more above that. This is indicative of a price pull to 70, but price may lack conviction to move further up in the next week. So experimenting with a covered call at 72, a little lower than my cost basis to try and capture more premium. Let’s see if this experiment pans out well next week. 🤞

I opened $MRVL 20240503 72.0 CALL$ ,🎡 wheeling MRVL this time. Noted a strong negative gamma at 70 but not much more above that. This is indicative of a price pull to 70, but price may lack conviction to move further up in the next week. So experimenting with a covered call at 72, a little lower than my cost basis to try and capture more premium. Let’s see if this experiment pans out well next week. 🤞

@Optionspuppy has long been a Star Contributor in the Tiger Community, consistently providing valuable content. In trading, he primarily focuses on $Invesco NASDAQ 100 ETF(QQQM)$ , $Palantir Technologies Inc.(PLTR)$ , $Manulife(MFC)$ , $Alphabet(GOOG)$ , and $Apple(AAPL)$ , and often utilizes the strangle option strategy for dividend stocks to generate income.He exercises caution in position management by keeping half of his available cash in Tiger vault to safeguard against market crashes. Currently, he has achieved a year-t

Since May, the market's biggest concern has shifted from CPI to the discussion of the US debt limit. The media is creating an atmosphere of fear if the US government defaults. If a black swan event occurs, it will be unavoidable for stocks, bonds and currencies to experience a "triple kill". However, it is common for both parties in Congress to reach consensus at the last minute because no one wants to become such a "heinous criminal".As we have discussed before, with Republicans controlling the House of Representatives and Democrats controlling the Senate and White House, their main disagreement lies in raising the debt ceiling under certain conditions. Republicans believe that raising the debt ceiling must be accompanied by strict fiscal reduction commitments while Democrats hope to rais