To The Moon

I opened $BABA VERTICAL 240628 PUT 73.0/PUT 78.0$  ,In the weekly chart, price is seen to cross the recent resistance level of $78. The MACD is also beginning to turn positive. In the daily chart, the 20 MA had cross above the 50MA, which signals a positive move. Based on the above, I decided to open this trade with the short put at $78, the delta is approx 0.23.

I closed $AAPL VERTICAL 240607 PUT 175.0/PUT 180.0$  ,Glad that this trade manage to achieve about 80% of the premium in 7 days. This means that I’ll need to wait about 23days to collect the remaining 20%, which I think is not worthwhile. So, I have closed the trade to secure the profits. Risking $500 for $113 reward.

I opened $GOOG 20240621 165.0 PUT$  ,In the daily chart, the 20 moving average is about $166.50 while the recent candlesticks low is about $164. Looking at the option chain, the PUT price of $165 has a delta of about 0.22, which suggested a 22% probability to reaching at price. Hence, I have decided to open this trade in view that price continue to stay above $165 in the coming days.

I closed $AAPL VERTICAL 240607 CALL 190.0/CALL 185.0$  ,Nice run up. Price is near the short call, therefore, I decided to close the trade. Achieve about ROI of 57% within 8days.

I opened $Adobe(ADBE)$  ,Based on daily chart, price seems to be bouncing up from the moving average. Looking at tigers analyst, adobe looks undervalue. As I have been using Adobe since my school days until now, I think this company will still grow in the future. Therefore, I have open a small position for long term investment.

I opened $AMZN 20240621 177.5 PUT$  ,CPI results seems like well received by the market. Hence, decided to re-enter the cash secured put while waiting for the AMZN price to go up.

I opened $META VERTICAL 240719 CALL 480.0/CALL 465.0$  ,In the daily chart, 2 bearish candlesticks were formed and trading around the 20 moving average. Today seems to form a bullish candlestick which gives me an impression that buyers are back. In general, I am still bullish for META, therefore, I have decided to open this trade.

I closed $GOOG 20240531 160.0 PUT$  ,Tomorrow is CPI announcement. Price may swing in any direction significantly. To play safe, I decided to close this trade for a profit to release my margins.

I opened $ADBE VERTICAL 240607 PUT 460.0/PUT 455.0$  ,In weekly chart, price seems to be reacting to MA150 and MA200. The stochastic is also moving up from the oversold region. In the daily chart, the support looks like at $475, basing on MA20 and past price levels. Therefore, I have decided to choose the short put at $460, for some safety margin. The delta is approx. 0.22. which I consider as low probably of reaching at price level. The earnings is on 13 June, therefore, this trade is before earnings.

I closed $MSFT VERTICAL 240531 PUT 375.0/PUT 380.0$  ,Within 18 days, this trade mange to achieve more than 50% of the premium. As there is not much value left and left about 17 days to expiry, I have decided to close this position to secure the profits. Achieve ROI of 7%, risking $500 for reward of $38.92.