To The Moon

Last week, the stock market had its worst week since March. $S&P 500(.SPX)$ was down 2.93%, $NASDAQ(.IXIC)$ was down 3.62%. In this bearish market, what investment strategies can still yield profits? Let's take a look! Congratulations to Tiger @TigerOptions for achieving a 70.15% profit by selling a call option on $Block(SQ)$. What is Sell Call Option? An investor would choose to sell a call option if they believed that a specific asset's price would fall, in contrast to the bullish outlook of a call buyer. Call buyers pay a premium to the option sellers for the right to buy the underlying asset at an agreed-upon price if the asset's price is above the strike price. In this case, the option seller would keep the premium if the asset's price closes below the strike price. Tips: A naked call position can have disastrous consequences if not used properly, as the price of a security can theoretically rise to infinity. @TigerOptions shared the analysis of $Block(SQ)$ in his post:" In light of the current market conditions and the absence of strong support within the price range of 50 to 35 for $Block(SQ)$ , I find myself leaning towards a rather high likelihood of a price drop to approximately 40. This assessment has led me to make the strategic decision to continue holding my sell call positions, allowing me to capitalize on the anticipated downward trajectory. It's important to note that this decision is not made lightly, but rather after a careful analysis of the stock's recent performance and the broader economic landscape. The absence of robust support levels in the specified price range suggests a degree of vulnerability, and by maintaining my sell call positions, I aim to benefit from this potential decline. 🎁Rewards： Feel free to share your $Block(SQ)$ positions in the comment section for a chance to win Tiger Coins! If you've achieved profits from other potential stocks we don’t know, kindly share your trading strategies in your post, and remember to include the topic "Winning Trades". Hope you'll be the next one to make it onto the leaderboard~ 🧭 Share positions: From your account holdings interface “trade”, then you can click "Share" by each of your stock option holdings to share with the community how much money you have made (or lost) on your investments. Do not forget to take a screenshot of your positions and post them in the comment sections below.