$Microsoft(MSFT)$ In early 2022, I initiated my exploration into Options trading, a decision coinciding with a market peak—an inopportune timing for such a venture. As a novice, my enthusiasm outpaced my understanding of prudent options trading practices. Initially, I purchased Call Options during market downturns, anticipating a subsequent upswing. Despite these options having a maximum three-month expiration, the events of the past year resulted in significant losses, with many options closing at a substantial deficit or expiring worthless. Despite these setbacks, I maintained faith in two stocks, AMD and Microsoft, prompting me to opt for Leap Call options expiring in January 2024. Although both stocks faced cha
$Palantir Technologies Inc.(PLTR)$ I often find myself contemplating missed opportunities, particularly with Palantir's recent surges. Despite my regret about not acquiring more shares before the upticks, I've been actively engaged in selling put options. The strategy involves positioning myself to own the shares if the puts are exercised, yet all of my recent put options expired without value due to the relentless upward trajectory of the stock price. While the premiums from these options provided some returns, they pale in comparison to the potential profits I could have reaped given the stock's recent highs. Despite maintaining a bullish outlook on Palantir, I'm cautious about outright ownership due to the stock
$Tesla Motors(TSLA)$ Tesla, a company that elicits strong opinions – it's either adoration or disdain. Supporters remain optimistic, anticipating Tesla's potential to soar tenfold, while critics contend that the shares are overvalued, advocating for a value in the tens of dollars rather than the current price exceeding $200. Love it or loathe it, Tesla undeniably commands significant attention in the stock market. Many traders and investors have reaped substantial profits, yet a considerable number have refrained, dismissing Tesla as merely an overhyped automobile company. Irrespective of one's stance, ignoring Tesla, or more accurately, its enigmatic figurehead, Elon Musk, proves challenging. However, delving into
$Amazon.com(AMZN)$ In September 19, I initiated a position on Amazon when the stock retraced from its year-to-date high. Identifying what seemed to be a support level, I strategically placed a Sell Put at a $132 strike for a one-week contract. As the stock continued its descent, I found myself assigned 100 shares of Amazon by week's end. Opting for a Wheel strategy, I skipped rolling and proceeded to embrace the shares assigned to me, immediately initiating the sale of covered calls on the 100 shares. Over the subsequent two months, I executed over half a dozen weekly covered calls, accumulating approximately $400 in total premiums. The final call, with a $140 strike, marked the culmination of this wheel cycle. As
$Microsoft(MSFT)$ Last week, the speculation lingered: could Microsoft reach an all-time high by the year's end? Expressing my perspective, I confidently asserted that Microsoft reaching this milestone was only a matter of days away. True to that anticipation, just a week later, Microsoft surged past the 370 mark. Reflecting on my trading journey, I acquired a Leap Call during the market's downturn in May 2022, well before it entered bear territory. As Microsoft touched its low point in mid-October last year, the value of this Leap Call dwindled to a mere couple of hundred dollars, a stark contrast to the initial 5,000 when I first made the purchase. Despite moments of contemplation about closing the position,
$Microsoft(MSFT)$ OpenAI, with backing from Microsoft, has introduced the GPT-4 Turbo, a swifter, more economical, and potent AI model surpassing its predecessors. Offering insights until April 2023, it incorporates features like Dall-E 3 for advanced AI voice and image processing. Noteworthy enhancements include a reduced pricing structure, extended prompt length, and structured JSON formatting, enhancing both efficiency and control. With a substantial training data refresh, this model is abreast of global events until April 2023, positioning OpenAI to compete robustly in the AI tools market. Anticipating engaging with this turbo version, it's a significant leap forward for OpenAI. Now, regarding Microsoft's perfo
$Palantir Technologies Inc.(PLTR)$ Palantir recently posted impressive earnings, propelling its stock price up by over 26%. My Put Options with strike prices ranging from $13 to $14 are now comfortably in the money. As I plan to sell Cash Secure Put Options on Palantir, I'll likely need to adjust my preferred price upward given the recent surge. While predicting whether the stock will revert to pre-earnings levels is uncertain, I see Palantir as a long-term investment. Despite potential fluctuations, I'll closely monitor the company's performance, maintaining confidence as long as it remains a dominant force in its market segment. In addition to Selling CSP, I'll explore selling Covered Call Options against my hold
$Apple(AAPL)$ Short term In the middle of July, Apple experienced a remarkable surge, reaching a peak at $198 and momentarily securing its position as the most valuable company with an astounding $3 trillion market cap. Yet, upon conducting a technical chart analysis, I uncovered a subsequent downtrend confined within a channel. Given the market's inclination for dual movements, the measured moves indicated a possible trajectory toward the $165.50 support level. An interesting development transpired last week when the share price briefly made contact with this level, forming a double bottom. The ensuing rebound has set the stage for a positive trend in the recent trading days. As Apple prepares to disclose its earni
$TSLA 20231110 175.0 PUT$ Tesla has consistently captured the attention of discerning traders due to its status as a fervently traded stock. Exhibiting remarkable volatility, often surpassing $10 or fluctuating by 2-5%, irrespective of the news or events associated with the company, it presents an enticing but perilous venture. In the realm of high volatility lies both the allure of substantial rewards and the ominous shadow of elevated risks. Prior to immersing oneself in this dynamic arena, a profound understanding of risk management becomes not just advisable but imperative. My technical chart analysis unveils Tesla’s trajectory within a descending channel since its zenith at $300 in mid-July. The market’s propensity