To The Moon

I closed 1 lot(s) $AMD 20240503 170.0 CALL$  ,This is a great example of benefiting from IV crush. This contract was sold just about 1 weeks ago, IV was high due to the earning report being on the same week of the contract expiration. At the time when this contract was sold, the stock price was at 157.75, with a strike of $170 premium collected was $245. Due to underwhelming earning reports, AMD stock fell 10 over percentage and along with the IV crush after earnings, this contract was almost rendered worthless,

I closed 1 lot(s) $TSLA 20240503 190.0 CALL$  ,This CCOption on Tesla has expired worthless but not without any dramas! This contract was sold on the day after its earnings reports, as the stock pops even Though they misses estimates, the stock went pass the strike of 190 at some point when Musk was in China finalizing his FSD deal. It was only the last 2-3 days that this contract started to turn into profit.

I opened 1 lot(s) $AMD 20240510 160.0 CALL$  ,This will be the 3rd CC option on AMD since taking Assignment of the underlying from a put option about 2 weeks ago. 1 expiring later today will be very much money in the pocket, just letting that expire worthless and keeps the full premium. Opening this before the weekend to ride some time decay over the weekend (presumably the stock price stays flat on Monday opening bell). Again selling a short dated (1 week) contract for easier management.

$Apple(AAPL)$   Is Apple following an Elon Musk's stunt?  By announcing a significant share buyback following a subpar earnings beat against some low analysts estimates, the tech giant seems to be dangling a substantial carrot here.  However, history suggests that the initial surge in stock price following underwhelming earnings is often followed by a subsequent decline. Applying technical analysis may shed light on the stock's trajectory in such circumstances. Currently, support and resistance levels around 189-190 indicate a potential ceiling for further upward movement. As a result, the stock is anticipated to open around the mid-180s and trend downwards post-market, likely remaining belo

“I hold long positions in investment-grade companies intended for long-term investment, remaining in the portfolio irrespective of market fluctuations. These stocks are retained regardless of the month—May, June, or July. Additionally, I trade certain stocks using a wheel strategy, entering and exiting the market based on price movements. These stocks are traded opportunistically, independent of the month - May, June or July   In essence, I do not prioritize Sselling in May.”.  😅

Sometimes when I share my trades, especially those involving selling put options that expire worthless, allowing me to keep the full premium collected instead of taking assignment of the underlying stock, I receive comments suggesting that by not holding onto the stock long term, I might miss out on its potential returns. Many value investors, who may not be familiar with options trading, share this view. They believe that staying invested in good stocks for the long term is more beneficial than trading in and out of positions or using options strategies. However, this perspective overlooks the fundamental difference between investing and trading in the stock market. Investing and trading are two distinct approaches to participating in the stock market, each with its own strategies, goals,

$Advanced Micro Devices(AMD)$   Remaining bullish on AMD ahead of its upcoming earnings report this Thursday after the market closes is prudent. The company appears poised to surpass estimates, but investors should pay close attention to the guidance provided for the remainder of the year. It's worth noting that many major players in the tech industry have announced substantial investments in artificial intelligence (AI) moving forward. This bodes well for chip makers and designers, suggesting a promising outlook for robust business opportunities in the sector. 

I closed 1 lot(s) $TSLA 20240510 250.0 CALL$  ,Did a quick in and out of Tesla last night. Sold a covered call option and got out just before market closes, didn’t wanted to leave it as already have another CC contract plus not sure how the next couple of days gonna be trending with so many big earnings coming up along with FED speaking. Stay cautious. 🤞

$Tesla Motors(TSLA)$   Nope.  Tesla will not close above nor will it hit $200  tonight. That would be a 19% jump!! By end of the week perhaps, when more informations are being revealed, especially if there's an indicative number$ of how much will FSD be brining to the table  

$(TSLA)$   Tesla surged after last week’s earnings report despite posting a disappointing financial performance. The company’s stock price soared by over 12% the day after its report and has continued to climb, reaching $168.26, up about 16% since the earnings release. Additionally, it gained over 6% in pre-market trading on Monday. While this rally puzzled many value investors, Tesla supporters celebrated as Tesla’s Full Self Driving (FSD) technology appears to be gaining traction in China. Tesla has historically traded with a high price-to-earnings (P/E) ratio, as its investors focus on the company’s potential beyond just selling cars. They are optimistic about Tesla’s ability to achieve more than just electri