To The Moon

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 💪

I opened $MRVL 20240517 73.0 CALL$  ,🎡 back to wheeling MRVL at my cost basis. Prefer to set my strike this time to 73 and a near term expiration for next week to take advantage of the broad market movement upwards. Fingers crossed to off load this equity in the coming days. Take what the markets can give 🤞

Winning a jackpot ir having lotsa $$$ might have many folks booking a one-way ticket to a life of luxury—perhaps even considering a permanent staycation at Marina Bay Sands![Cool]  But for many, work isn’t just a paycheck—it’s about purpose and passion. Sure, $5 million can buy a lot of kopi and kaya toast, but can it replace the joy of complaining about the MRT with your colleagues? So, would I quit my job? Maybe not. But I’d definitely consider upgrading from economy to business class on my next holiday to Bali! Maybe on all my holidays in fact![Happy]