I closed $SNAP 20240426 10.5 PUT$ ,🏦 ka-Ching! SNAP had a nice gap up from earning announcement. It delivered an impressively strong performance this Q1, beating estimates on all levels! Booked my 97% credit profits over 17 days. Great testament to a fairly accurate read of the fundamentals! Keep it going! 💪
I opened $MRVL 20240503 72.0 CALL$ ,🎡 wheeling MRVL this time. Noted a strong negative gamma at 70 but not much more above that. This is indicative of a price pull to 70, but price may lack conviction to move further up in the next week. So experimenting with a covered call at 72, a little lower than my cost basis to try and capture more premium. Let’s see if this experiment pans out well next week. 🤞
I closed $UBER 20240426 73.0 CALL$ ,💰 securing 93% credit profits over 5 days. Took the chance to exit when profit target achieved. Working on reentering with another covered call if UBER retraces today. 📈
I opened $ANF 20240426 113.0 CALL$ ,⚙️ back wheeling ANF as it made a upward bid on price. Trying to squeeze out a bit more premium profit before expiration tmr! May have left about $50 on the table, but heck some profits is still better than no profits 😜
I opened $SQ 20240503 74.0 CALL$ ,🛞 Wheeling my SQ holdings with one week out with fresh premiums. This is to take advantage of the slight uptick in sentiments in SQ today.
I closed $ANF 20240426 113.0 CALL$ ,📈 locking in the 40% credit profit first from my covered call. Will look for another entry. Absolutely loved the volatility 😵💫
I closed $SQ 20240426 74.0 CALL$ ,💰 locking in the 66% credit profit first over 4 days to capitalize on the downturn today. Will watch the option net flow to gauge the next move and entry point. 👀
I closed $F 20240426 12.0 PUT$ ,💸 clocked 87% credit profit over 14 days. Target profit of > 80% hit, so exiting. The price levels held up well despite the market downturn.
I closed $VRT 20240426 69.0 PUT$ ,💰 secured a 97% credit profit over 29 days. VRT had a massive run-up post earning announcement, so took the chance to exit. Our earlier read on VRT’s fundamentals panned out well, looking at the recent gap up and earning figures 🎯
I closed $GM 20240503 40.5 PUT$ ,💰hit profit targeted and exiting my CSP with 90% credit profits over 7 days. GM remains moderately solid. Let’s hunt for another entry point over the next few days. 🚗