To The Moon

I opened 10 lot(s) $SQQQ 20240621 10.0 PUT$  ,Took the chance to replace sqqq with the recent drop in value. Current earnings is very shaky. And fed’s confidence isn’t high. Expect volatility moving forward. Felt that it’s better to get some insurance by getting sqqq

I opened 2 lot(s) $TSLA 20240621 225.0 CALL$  ,Just can’t resist shorting tesla after the run up. Risky move though, cos tesla “investors” are not typical investors. Have some spare funds cos was bz taking profits. $225 should have some margin of safety if there’s a big move up. Can always roll further up in time

I closed 2.0 unit(s) $COIN STRADDLE 240621 PUT 125.0/CALL 125.0$  ,Have to take action before earnings. Decided to reduce the risk by shifting my straddle strike price nearer to the money. This will reduce my put strike by $5, while collecting some pocket change

I opened 2.0 unit(s) $COIN STRADDLE 240719 CALL 130.0/PUT 130.0$  ,Took the chance to roll up the strike price for my short straddle from $125 to $130. This will improve my overall position and get closer to the money. Besides being more defensive, the nearer the the money, the better the time premiums. Let’s see how earnings goes tml

I closed 2.0 unit(s) $WING VERTICAL 240517 CALL 440.0/CALL 450.0$  ,Tml is earnings. Still thinking if should just take loss for this position or replace with a more defensive spread position. As it’s a spread, losses are very minimal. Hmmm

I closed 4.0 unit(s) $EL DIAGONAL 240517/240719 CALL 150.0/CALL 155.0$  ,Earnings is coming. Uncertain in the direction of move. As this is covered call position, the risk is on the upside. Decided to roll the call further in time to the next strike price for a credit. June is insufficient for credit, have to roll until July. Let’s see how does earnings go

I closed 4 lot(s) $YINN 20240517 20.0 PUT$  ,>75% profit. Decided to just take profit and move on. China based stocks still remain range bound. Wait for the next cycle to add back in.

I opened 4 lot(s) $ALB.HK 20240730 75.00 PUT$  ,Replaced the expiring baba contract. Since it’s atm. Premiums will be higher. Rolled far out as I have existing contracts at May and June expiry. Spread over different time frame

I closed 4 lot(s) $ALB.HK 20240429 75.00 PUT$  ,Sigh. So near yet so far. Nearly expired worthless. Didn’t want to risk assignment. Took profit and rolled the contract further down for premiums. Since it’s at the money, the premiums collected is high

I closed 3.0 unit(s) $COIN VERTICAL 240517 CALL 360.0/CALL 350.0$  ,>60% profit. Decided not to wait for earnings next week. Coinbase is very volatile. Too much risk. Take profit and leave the table first. See again after earnings