To The Moon

$Tiger Brokers(TIGR)$ When I started trading stocks, I never looked at options as I was frightened by the phrase "you can loose big" and "options is not for the weak hearted". Yes I was afraid to lose much as a beginner trader 2 decades ago. As years passed, I gained confidence in stock trading but still avoid options as I had no time to really learn how to trade options, even though my son walked me through Calls and Puts but still unable to grasp how to trade options. I was still frightened of the fact that you can be wiped out of your investment capital and so left out options trading again.

Then Tiger AI came along last year i think and suddenly realised I could use it to ask all the questions I needed to fully understand options trading. Yet I do not fully understood the mechanism behind it. With the five good stocks that I own, I chatted with Tiger AI, cornering it with questions after questions like should I make a call or a put, a covered call or a protective put and buying or selling back the same option to preserve my positions and suddenly it all became clear to me that I could just collect money (premiums) by making covered calls on my positions. Picking enough courage, I delved into making 5 calls for my TSLA positions striking at460 and expiring that Friday. Yes the premium was paid into my account and I felt wonderful! Then I was left to monitor TSLA price movements till expiry and at that Friday close, TSLA was below 460. I was exhilirated but left to wonder if it was true that my TSLA shares remained intact. Never know I had to wait till Sat  3pm to confirm that my 500 TSLA shares were still in my account. I was over the moon. This is indeed easy money but I was warned by Tiger AI to tread cautionsly and monitor events for making future options calls. Then the following week I made covered calls for all of my 5 stocks on hold earning over more than $1000 in premiums. Come next Friday, AMD was exercised but it was ok for me as I has bought it lower than the strike price that I wanted to sell earlier to take profit. So I learnt that I made a good profit and adding the premium earned, I did not "lose" much on the opportunity cost of keeping my TSLA holdings. Come following week, I delved into selling puts and started buying back and still msde a small profit! All thanks to my interations with Tiger AI in between trading. Wow easy money to me. Still I keep to making one call or put to be on the safe side. May start on protective puts this new week and again will use Tiger AI for guidance. Incidentally, I managed to book the Options Handbook a few weeks ago and it arrived yesterday. So happy that I zeroed in on sections of the book to confirm my understanding on the different sttategies in options trading. On hindsight, I wish I had learnt options earlier but I do not believe I would have delved into options without an interactive Tiger AI to clarify things and calculate my PnL on this or that move to make. Thanks to Tiger AI, a great teacer indeed!