To The Moon

I opened $CVNA 20240517 109.0 PUT$  ,🏎️ CVNA has been stellar in its price momentum performance! It recently exceeded expectations in Q1 2024, narrowing its loss to 41 cents per share from the previous year's $1.51, alongside a revenue increase to $3.06 billion, up 17.5% year over year. This performance boost was driven by a robust sales uptick across all divisions, with total gross profit escalating 73.3% to $591 million and gross profit per unit jumping 49.5% to $6,432. Looking forward, Carvana projects a positive trajectory with anticipated sequential increases in retail unit sales and adjusted EBITDA for Q2 2024. This forecast is buoyed by a significant 19% rise in retail vehicle sales and a 6.3% increase in wholesale

I opened $U 20240517 22.0 PUT$  ,🧑‍💻 Here's a recent ticker that caught my eye! Unity Software is on deck to unveil its Q1 2024 earnings on May 9, with anticipated revenues in the range of $415 million to $420 million, reflecting a year-over-year decline of about 15-16%. Despite this projected dip, Unity has consistently outperformed earnings expectations over the last four quarters, boasting an impressive average earnings surprise of 69.43%. Amidst a strategic pivot, Unity is honing in on its core business strengths, a move poised to fuel long-term growth even as it sheds some operational weight. The company has been proactive in adjusting its cost structure, including a significant workforce reduction by about 25%, aimed at

I opened $NCLH 20240531 15.0 PUT$  ,🛳️ NCLH looking attractive and undervalued recently. Started the wheel on NCLH to capitalize on the near-term bullish potential. Wish us luck! 👍

I opened $PATH 20240531 21.5 CALL$  ,🎡 Wheeling my PATH holdings at cost-basis 21.5. Hope the price goes above this. Preferred not to hold the equity. 😆

I closed $VRT 20240517 81.0 PUT$  ,🏦 Booking 87% credit profit over 7 days. Nice wheel run this time. Always glad to close out the position within 2 weeks of entry. Remains bullish on VRT. Until next time 💪

I closed $ANF 20240517 109.0 PUT$  ,👚 Secured 86% credit profit over 7 days. ANF is rocking it and has been on the roll. Took the chance to exit when target profit hit. ANF remains attractive fundamentally, though it may have been a little overbought in the short term. Looking for another entry next week. 👀

I closed $RBLX 20240510 33.5 PUT$  ,💰clocking a 85% credit profit over 8 days. RBLX had a massive run-up leading to earnings day. Exited since I have hit profit target, and best to not hold over earnings if I can help it 😉

I closed $MU 20240517 106.0 PUT$  ,💵 Secured my 85% credit profit over 8 days. Fundamentals and option exposure level reads panned out well! MU remains attractive, on to the next entry opportunity. 🦅

I opened $SQ 20240510 74.0 CALL$  ,🎇 back to wheeling my SQ equities at 74 cost-basis. Same week expiration to squeeze premium at higher theta decay rate. SQ is experiencing significant volatility since last week’s earnings, which is perfect for our wheeling strategy! Keep those juicy volatility rolling ✌️

I closed $COIN VERTICAL 240510 PUT 190.0/PUT 195.0$  ,💰 ka-Ching! Booked my 94% credit profit over 7 days. This is one of the first few swing trading trades I did that are informed by option exposure levels. See my earlier post on the entry for this position for more details. It panned out well, thank god! Working hard to refine this strategy 💪