I closed $HSY VERTICAL 240517 CALL 190.0/CALL 220.0$ ,This trade is going to expire next week. Unfortunately, price was not in the profit zone despite good earnings. To play safe, I decided to close this trade for a loss of -18% ROI. I have the intention to enter this trade again, but current price looks like hitting a resistance, stalling and don’t know which direction to go. So, let wait for a clearer presentation before entering.
I opened $IBM CUSTOM 240719 CALL 170.0/CALL 180.0$ ,The stochastic in the weekly chart shows that price is currently at oversold region. On 29th April, the candlesticks seems to react to the support level of $164. In the daily chart, a bullish candle stick was formed on 2nd May, which happen to touches the 200 moving average. Based on these, I think there is good probability that price will move up from here, hence I have entered this trade.
I opened $SPY CUSTOM 240628 PUT 505.0/PUT 510.0$ ,This bull put spread is to reduce the cost of my previous “Buy Call” trade. From the daily chart, I have notice that the 50 moving average is $510 plus. This an also about the support level of the recent candlestick. Hence, I have set the short put at $510 and long put at $5 below. Let’s monitor SPY for the coming 6-7weeks.
I opened $SPY 20240628 518.0 CALL$ ,Generally, most companies have been reporting good earnings. Therefore, I am in the view that the SPY will move up in the coming weeks. Wanted to enter yesterday, but missed the boat. So, I have decided to open this trade, to allow unlimited profits. To reduce the cost of trade, I will open a bull put spread which I will share shortly.
I closed $PLTR 20240510 21.0 PUT$ ,This trade is going to expire this Friday. Since there is profits, I have decided to close it to lock in the gains. Wonder when can I own 100 shares of PLTR at a discount? 🤔
I opened $AAPL VERTICAL 240607 CALL 185.0/CALL 190.0$ ,In the weekly chart, price has been moving up since 22nd April. In view of the coming apple event on 10 June (if I am not wrong), I think the price may continue to move up due to the desire for fresh products. Hence, I am opening this short term trade as a speculative move. 😅 please don’t follow because I am an apple fan. Haha.
I closed $SAM VERTICAL 240719 CALL 300.0/CALL 320.0$ ,Despite improvement in EPS and revenue, the performance seems like didn’t meet investors expectation, hence the share price is dropping. I got the direction wrong and hence decided to cut loss to salvage some seeds for other opportunities.
I opened $META VERTICAL 240614 PUT 425.0/PUT 420.0$ ,In the weekly chart, price is reacting to the moving average, forming a bullish candlestick last week. The lowest price is approx $425. Based on a good earnings results, I have decided to enter this bull put spread, with the view of price moving up and staying above $425 level.
I opened $AMZN VERTICAL 241018 CALL 200.0/CALL 185.0$ ,Last week, the candlestick formed a long wick lower tail which touches the moving average and managed to close back above the adjacent bearish candlestick close. I viewed this as presence of strong investors liking Amazon. In both weekly and daily chart, the stochastic is close to but not at the oversold region. More room for moving up? I guess so based on the earning results which is well received by investors. Hence, decided to open this trade.
I opened $JD VERTICAL 240816 CALL 31.0/CALL 35.0$ ,In the weekly chart, price seems to be forming higher lows and higher high. Both the 20 and 50 moving average looks like curving upwards. Since last week had formed a bullish candle, I have decided to take this trade with the view of price continue to move up. My target profit price is around $35 to $37.