I opened 1.0 unit(s) $SPGI VERTICAL 250620 CALL 490.0/CALL 510.0$ ,In the daily chart, price looks to be near a support level. William%R is at the oversold region. Given that a bullish candlestick was formed and today's price moves higher than previously close, I am taking the view that the price may continue the uptrend in the coming days. Hence, I have opened this bull call spread.$SPGI VERTICAL 250620 CALL 490.0/CALL 510.0$ Happy trading😁
I opened $KWEB 20250321 37.5 CALL$ ,Opened this covered call as part of the wheel strategy. If price stays below $37.5, I'll get to keep the premium. If price moves above $37.5, I'll get to keep the premium and sell my shares with profits of $2.5 as I have purchased the shares at $35.
I opened 1.0 unit(s) $ELV VERTICAL 250516 CALL 480.0/CALL 460.0$ ,I have opened this trade to collect premiums to cover the cost of the bull call spread. I have choosen $460 as the short call. This is based on the daily chart where the 200 moving average is at about $460, which may poise a resistance level. $ELV VERTICAL 250516 CALL 480.0/CALL 460.0$ Happy trading 😁
I opened 1.0 unit(s) $ELV VERTICAL 250516 CALL 420.0/CALL 440.0$ ,In the weekly chart, the price manage to close above the 20 Moving average. The long term trend seems to be still bullish, given that both 150 moving average is above 200 moving average. Hence, i am taking the view that price may test the 150 moving average in the daily chart and I decided to open this bull call spread. I will open another bear call spread to lower the cost of this trade, which I will share shortly.$ELV VERTICAL 250516 CALL 420.0/CALL 440.0$
On 4 Mar, $NVIDIA(NVDA)$ price was moving below one of its support level at $113. Considering that the price is about 34% below the average price by 53 analysts, I have decided to start the wheel strategy on NVDA. Hence, I have set aside $9,500 and did a sell put on NVDA, DTE: 4 Apr 2025, Strike price $95, credit collected $260 (approximately 2.7% for 1 month). My wheel strategy, which is my main option strategy for long term capital grow. To me, the wheel strategy is a must know option strategy for investors. I hope the chart above is self-explanatory of the method. Choose the underlying that has fundamentally great business and has demonstrated consistent profits. This strategy is especially useful when market starts to pullback. So, back to the