$Meta Platforms, Inc.(META)$ Meta will likely bottom at around $400-high $300, closing the gap it has created from its last earning which one can see clearly on the technical chart. While the market will soon realize that the company did make good profits from last quarter's, share price will creep back up soon enough. What one may really need to look out is the next few quarters, the out flow of capital going into R&D of their AI products will send painful reminders to what happen 2 years ago of how they've had with their metaverse investments. 🤞
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I opened 1 lot(s) $KWEB 20240517 31.0 CALL$ ,Selling more Covered Call Option against the underlying as KWEB is gaining some traction over this week to capture better premiums. This ETF has gone up almost 8% just over 3 days. The one sold just on Monday is now in the red, but fret not, as this ETF usually has a fairly choppy pattern, once it is gone too far from its moving averages, gravity tents to pull them back.
I opened 1 lot(s) $KWEB 20240621 31.0 CALL$ ,Selling more Covered Call Option against the underlying as KWEB is gaining some traction over this week to capture better premiums. This ETF has gone up almost 8% just over 3 days. The one sold just on Monday is now in the red, but fret not, as this ETF usually has a fairly choppy pattern, once it is gone too far from its moving averages, gravity tents to pull them back.
I opened 1 lot(s) $TSLA 20240503 190.0 CALL$ ,Open a CCOption on Tesla as the stock pops after yesterday’s earnings report. Though they misses estimates, couple of other ‘good’ news have push Tesla higher than it should. While the recent sell off may have already priced in with the expectation of this poor earnings, this pop from the ‘good’ news may however not be very sustainable, am expecting this run will lose some steam along the week. 188 was a previous support, expecting Tesla gonna face some resistance at this level before going any higher, if it does get to 188 that is.
I closed 1 lot(s) $TSLA 20240621 115.0 PUT$ ,Close out this put option before Tesla report its earnings after market closes today. I have 1 more put contract, shall let that ride thru earnings, will then manage it as we go along.
I opened 1 lot(s) $PLTR 20240510 26.0 CALL$ ,This is the 2nd CC option, place this 3 weeks out, which is on the earnings week. This strike is about 18% higher then the current price. Let’s see how the market goes in the next 3 weeks with many big and exciting earnings reporting.
I opened 1 lot(s) $PLTR 20240503 23.0 CALL$ ,Selling CC on my newly acquired Palantir. This 1st contract about 2 weeks by end of next Friday just before earnings on the following week. $23 a key level for both support and resistance. And it too has some hurdles from the moving averages before getting to this key level. But of course if market is really strong we may blast thru these levels Which then be prepared to have the underlying to be called away.
I opened 1 lot(s) $KWEB 20240621 30.0 CALL$ ,Finally KWEB is having a good day. Been wanting to sell this covered call for a while now, the premium will be more attractive on a Green Day. With this contract all the way out to 3rd Friday June, we may finally see KWEB goes up to the $30 level again. 🤞
I opened 1 lot(s) $AMD 20240426 157.5 CALL$ ,1st covered call on this lot of AMD that was just assigned last Friday. Selling this short dated contract to mitigate the earnings that’s just around the corner. If by week end, the stock ended above 157.5, am happy with the difference made in just in a week.