I opened 1 lot(s) $PLTR 20240517 18.0 PUT$ ,This Cash Secured Put with strike of $18 was sold awhile back, just expired worthless thus keeping the full premium collected. Palantir seems to have found it’s recent bottom at $20. Will continue to find good entry to sell CSPuts on Palantir probably between $18 -$19 range. Selling at this ‘safer’ range is the stock price unlikely to dip this low, thus able to generate extra income from these premiums collecting, however if the price do temporarily dip below these strikes, will be grate to take assignment of.
I closed 1.0 unit(s) $KWEB DIAGONAL 240621/240517 CALL 33.0/CALL 31.0$ ,Sold this $31 covered call 3 weeks ago when KWEB was trading just below $28. However the Chinese authorities have been pumping money into the economy helping to prop up the market, and it has been rallying since. Taking a lost of $30 (plus one more month of time) to gain $200 by rolling this option, if the stock price stay above $33 by 3rd Friday June, will just let the underlying get called away.
I closed 1 lot(s) $PLTR 20240621 25.0 CALL$ ,This call was a covered call sold just yesterday, after re-analyzing it, decided it wasn’t a good trade, thus closing it, and shall wait for a better opportunity to re-enter. In any case it’s still a credit trade.m with 26% over 1 day.
I opened 1 lot(s) $TSLA 20240524 200.0 CALL$ ,Sold a covered call on Tesla as it continues to trend higher since yesterday. The strike of $200 expiring next Friday has only a 0.08 Delta, if Tesla can close above the 50 Day EMA that may signal a bullish momentum ahead.
I opened 1 lot(s) $PLTR 20240621 25.0 CALL$ ,Sold a Covered Call option on Palantir, this $25 strike is a little far out now, thus selling this all the way to June’s 3rd Friday in order to collect a more decent premium with a 0.2 Delta.
I opened 1 lot(s) $AMD 20240524 165.0 CALL$ ,Open a new covered call, this is a 2 weeks contract, usually prefers to do weekly (8-9 days). With a contract expiring this Friday, premium is rather thin, thus went with this 2 week contract but bump the strike from $160 to $165. Will leave this if stock price continues to rise, if the stock price do dip suddenly, may consider to close to take profit. Will update if this trade takes a turn.
I closed 1 lot(s) $AMD 20240517 143.0 PUT$ ,Decided to close this put and take profit before inflation data coming in the next 2 days. If inflation comes in hot, things can go south really quickly. Playing it safe for the time being
I closed 1 lot(s) $TSLA 20240517 160.0 PUT$ ,Biden Administration planning to increase tariffs on imported Chinese EVs. This is rather good news for Tesla, with higher price Chinese EVs Americans will fall back to Made in USA stuffs, naturally benefiting Tesla. Taking the opportunity to take profits off this put, will sell one more further out date, considered as rolling this option out to further date.
I closed 1 lot(s) $PLTR 20240510 26.0 CALL$ ,Here’s another Called Call Option expired worthless, keeping the full premium collected. Have yet to open new CC contract as the underlying price is very low now, the stock may suddenly rebound and making cover call at this level hard to manage. If we sell a strike further out, the premiums are gonna quite miserably low, thus have to exercise some patience here.
I closed 1 lot(s) $AMD 20240510 160.0 CALL$ ,This 3rd weekly covered call option just expired worthless, thus keeping the full premium collected. This is part of a wheel strategy applying on AMD after a CSputs went in-the-money and took assignment of. Will continue to sell covered call and collect premiums along the way till the underlying get called away eventually when the stock gets back up.