To The Moon

🌟🌟🌟Warren Buffett is long regarded as the Father of Value Investing. Value investing means buying stocks that appear to be trading for less than their intrinsic or book value. That is why investors are interested in what Warren Buffett buys. I must check out his new stocks especially $ulta beauty(ULTA)$ and $Heico(HEI.A)$. @TigerStars @Tiger_comments

I opened $Alphabet(GOOG)$ ,My additional investment in Google reflects my belief in the company’s ability to navigate the complex landscape of technological innovation while maintaining financial discipline. With its strategic focus on AI and cloud, Google is well-positioned to deliver value in the years ahead, making it a compelling investment choice. Please see my post on 'Investment Reflection: Additional Investment in GOOG Stock on 23 August 2024'.

I closed $BABA 20240823 85.0 CALL$ ,BABA: covered call with strike at $85 expired in the money when market close at $85.41. With $1 per share premium collected, this is actually a profitable trade. I hold quite a fair bit of BABA and had multiple covered calls expiring at various weeks, so I’ve decided to offload this set and get exercised to recover some cash.

I opened $Amazon.com(AMZN)$ ,Amazon's CEO, Andy Jassy, recently highlighted the remarkable impact of the company’s AI assistant. This tool has reportedly saved Amazon $260 million and the equivalent of 4,500 developer-years of work. This revelation is significant as it underscores the transformative power of AI in streamlining operations, reducing costs, and accelerating product development cycles. This achievement is not just a cost-saving measure; it represents a broader strategic advantage for Amazon. By leveraging AI to optimize internal processes, Amazon is better positioned to remain competitive in the fast-paced tech industry.

I closed $NVDA 20240823 121.0 CALL$ ,NVDA: the covered call with strike at $121 expired in the money when it closes at $129.37 on Fri. Earnings will be announced on 28th Aug and that might add additional volatility. Decided to cash out with small profits and get exercised to reduce my positions on NVDA.

I closed $MU 20240823 100.0 CALL$ ,MU: covered call with strike at $100 expired in the money on expiry when MU closes at $102.85. The $100 strike was sold at holding cost average so had been collecting premium from both cash secured put and covered call to eke out some profits and completing and entire wheel strategy cycle.

$Coinbase Global, Inc.(COIN)$ Coming for the tops near $210 ~ $210.65 One of my favorite set ups this month! @SPACE ROCKET @Tiger_comments @TigerStars @TigerPicks @TigerWire @Tiger_Champs @Daily_Discussion

I closed $IWM VERTICAL 240823 PUT 215.0/PUT 210.0$ ,This trade manage to recover into profit zone on the date of expiry. I think mainly driven by the positive market sentiments from Jackson hole event. 🙏🏽

I closed $BABA 20240823 85.0 CALL$ ,BABA: covered call with strike at $85 expired in the money when market close at $85.41. With $1 per share premium collected, this is actually a profitable trade. I hold quite a fair bit of BABA and had multiple covered calls expiring at various weeks, so I’ve decided to offload this set and get exercised to recover some cash.

I closed $Alibaba(BABA)$ ,BABA: sold BABA at $85 after the covered call expiring on 23rd Aug expired in the money. Had been holding some of these BABA shares for more than 1 year and it’s been trending higher of late. Took the opportunity to reduce my position. With the many months of covered calls selling, I’m net positive on my trades with BABA despite this losing trade on this one.