$Tiger Brokers(TIGR)$ I am keen to apply tiger debit card but unfortunately it is not open to non resident of Singapore. Hopefully in future it can be offered non Singaporean investors. With the card, it will be useful for me to spend the profits from investment. Thank you
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I am currently adopting sell out strategy to reduce my exposure in shared but aim to collect premium consistently every week until it reaches my target price for pick up. Since Oct 23, market has increased about 40%. By selling put secured against cash, it will reduce my chance of losses.
With nasdaq at 12595 on 26th Oct 23, since then Nadaq has gone up almost 40%. My strategy now is sell shares in hand and continue with sell put secured with cash as I expect adjustments in the near term. I shall continue to rollover the put if the underlying share price drops below my strike price and continue to sell put if the put expire out of money. This will continue until such a time when I see reverse in trends. I will pick up the shares when I am happy with the stike price of the put and sell synthetic call when I deem the price as attractive.
$Tiger Brokers(TIGR)$ 2023 is good year for US stocks investors with S&P500 increase 24% and Nasdaq increase 43%. I see a volatile year in 2024 with 2023 ending in high note, however, expecting the good momentum to continue in Q1 and and corrections in Q2 and side way in Q3 with impending US elections happening, Q4 will rebound for an overall increase in 2024 versus 2023. Expecting a soft landing In 2024 but the market will be supported by interest rate cut and US elections.
A very useful strategy long term bullish strategy.
Creating a 19% "Dividend" on TSLA Stock Using Options
Tesla stock has long been a favorite of option traders, but the stock has not been participating in the recent rally as much as other stocks.Another bad thing about TSLA stock, is that it doesn't pay a dividend. But, what if we could use options to manufacture our own dividend?Let's say I have $25,000 that I want to invest into TSLA stock, I could simply buy some shares and hope the stock rises.But, if I want a more conservative play, I could sell a January 17, 2025 put with a strike price of $250 and set aside the $25,000 in case I am assigned on the short put.That $250-strike put generates around $4,320 in option premium in just over 12 months.So, my $25,000 investment into TSLA is giving me a 19% annualized "dividend".What’s The Catch?
Options is addictive because it seems easy to earn some premium every week by selling call & put options. Selling options are akin to running machine to me where it generates income from the machine. Buying shares is like investing in machines. That's my mindset. Trading options also allow for positive cash flow where your option is out of money and close to expiry, you cam rollover to get positive cash flow while waiting for the options to expire. Synthetic call also give excellent leverage. It is very useful during market beaten down. Options provide more flexibility & ways you can trade shares.