To The Moon

$AMZN 20250620 210.0 CALL$ AMZN: closed the covered call for profit for this contract that expires on Fri 20th June. AMZN was trading very close to strike price of $210 so decided to close the trade few hours ahead of expiry to remove the chance of the call being closed in the money. Happy to leave some money on the table in exchange for peace of mind. At the same time, also opened a new call for future date to continue capitalise premium collection with higher strike at well.

No Cut Strategy Is A Strategy. On Wed, 18 Jun 2025, US central bank stuck with its strategy of leaving its key interest rate unchanged, even as officials' expectations for the economy worsened. The decision marked the 4th in a row without action, keeping the bank's influential lending rate hovering around 4.3%, where it has stood since December 2024. (see below) The “highly expected no cut” came despite forecasts from policymakers expecting, (a) slower growth, (b) higher unemployment and (c) faster inflation, than they did just a few months ago. Impact on US Stock Market It will be another 40 days before the FOMC next convene on Jul 29-30. In the meantime, below is something that we could ‘possibly’ expect of the US market. (1) Stability and Lower Volatility: Holding rates steady reduces i

The stock I wanted to sell is $GoPro(GPRO)$ [Spurting]