To The Moon

$TSLL 20251010 14.0 PUT$  

#MyOptionInvestmentJourney

Hi everyone! I am back again this week (Sep 29) with an update on my option investing journey.

For new reader, may refer to my recap section on the context.

Now for my update...

💰 Progress So Far:

I have top-up about 1,000 USD yesterday (01-OCT) using my savings. Gotten my Single Deposit Tiger point (+200).

Next, I have sold a Protected Put option that expired next week (20251010).

I have collected another 4.25 USD in premium this week — bringing my total to 20.25 USD, which is approximately 0.99% p.a. to date on my capital (now 2,000 USD).

This means I have 2 Options that expired in two different weeks.

a. 20251003, and

b. 20251010.

So moving forward, I will be selling Protected PUT that expired in 2 weeks.

The selling price is also higher when the options duration is longer [Happy]  

Thanks for following along — I will post updates weekly.

Lets see how far this small start can go. 🚀

Good luck to all of us! 🍀

🔁 Recap:

I am exploring a practical way for everyday people (like me!) to make the most of their spare savings — and hopefully, this inspires or helps someone out there too.

[My Profile]

I started with 1,400 SGD / 1,050 USD in spare savings — just sitting in the bank earning minimal interest. Instead of letting it idle, I am testing if I can generate better returns through options investing.

I officially began this journey on August 12, 2025, and chose to invest in an ETF related to Tesla (TSLL) — primarily because of its exposure to Tesla and its dividend yield.

💼 What I've Done:

A. I have set aside about 2050 USD in my Tiger account as of 01-OCT-2025 incase I need to purchase 200 shares of TSLL from the Options.

B. I am selling Protective Put options with the duration of 2 weeks.

C. However, for this week, as TSLL price had raised above 20 USD, and I am not able to get any Buyer for Protect PUT at 10.00 USD.

So, I am selling a Protect PUT at 14.00 USD that will expire on 10-OCT-2025 instead.

D. My Risk is that I may need to purchase TSLL at 14 USD per lot, using Margin. (40%)

E. I check in once a week — super manageable, about 10 minutes weekly.

F. I plan to repeat this weekly until I eventually accumulate 100 shares of TSLL.