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I closed $SOFI CALENDAR 240503/240614 PUT 8.0/PUT 8.0$ ,Rolled Sofi puts to give the stock more time to recover. They keep beating earnings and growing revenue double digits and are now profitable but the stock keeps going nowhere. Really scratching my head
I opened 1 lot(s) $AMD 20240510 160.0 CALL$ ,This will be the 3rd CC option on AMD since taking Assignment of the underlying from a put option about 2 weeks ago. 1 expiring later today will be very much money in the pocket, just letting that expire worthless and keeps the full premium. Opening this before the weekend to ride some time decay over the weekend (presumably the stock price stays flat on Monday opening bell). Again selling a short dated (1 week) contract for easier management.
I closed $SMH CALENDAR 240524/240503 CALL 200.0/CALL 200.0$ ,SMH: took a small profit from the existing contract expiring today and decided to roll it forward my another 3 weeks to 24th May. There were few chances to take better profit on 1st and 2nd of May but I didn’t and today the price had reverse up so the profit is minimal mostly from time decay. The strike is still set as $200 which is in the money and the 3 weeks of contract will buy another $2.20 of premium per contact.
I opened 1 lot(s) $PLTR 20241018 16.0 PUT$ ,Sold a Pltr put to make it a different dated strangle strategy for my pltr. I sold a call at $22 so now I am selling another put at $16 in hope that it doesn’t fall out of this range and I get to earn double premium
I opened 1 lot(s) $AMD 20240510 160.0 CALL$ ,This will be the 3rd CC option on AMD since taking Assignment of the underlying from a put option about 2 weeks ago. 1 expiring later today will be very much money in the pocket, just letting that expire worthless and keeps the full premium. Opening this before the weekend to ride some time decay over the weekend (presumably the stock price stays flat on Monday opening bell). Again selling a short dated (1 week) contract for easier management.
I closed $SMH CALENDAR 240524/240503 CALL 200.0/CALL 200.0$ ,SMH: took a small profit from the existing contract expiring today and decided to roll it forward my another 3 weeks to 24th May. There were few chances to take better profit on 1st and 2nd of May but I didn’t and today the price had reverse up so the profit is minimal mostly from time decay. The strike is still set as $200 which is in the money and the 3 weeks of contract will buy another $2.20 of premium per contact.
I opened $NIO 20240607 7.0 CALL$ ,NIO: sold covered call in NIO after it finally shows some signs of reversal from its low of $3.6. The strike selected at $7.0 which is 25% higher than current price. Expiry on 7th June which is 36 days away and Premium collection at 2% for the period. Potential volatility risk on 29th May for earnings. Recent bullishness related to better than expected deliveries. Look forward for better metrics by NIO during earnings for it to continue upward momentum else might stall and reverse back down.
I opened $BABA 20240531 87.0 CALL$ ,BABA: sold new covered call with higher strike at $87. Expiring on 31st May which is 29 days away with premium at 1.1% if expire worthless. BABA moved up about 18% in the past 2 weeks showing strength and broke through the 100 days and 150 days MA with ease. It had also broke through its channel high of around $78 but now testing at 200 days MA at around $80. Look forward for BABA to stay above $80 to show strength else it might fail and reverse back. Happy to let BABA go if it hit strike price.
I closed $SOFI CALENDAR 240503/240614 PUT 8.0/PUT 8.0$ ,Rolled Sofi puts to give the stock more time to recover. They keep beating earnings and growing revenue double digits and are now profitable but the stock keeps going nowhere. Really scratching my head
I opened 1 lot(s) $PLTR 20241018 16.0 PUT$ ,Sold a Pltr put to make it a different dated strangle strategy for my pltr. I sold a call at $22 so now I am selling another put at $16 in hope that it doesn’t fall out of this range and I get to earn double premium
I opened 10 lot(s) $SQQQ 20240621 10.0 PUT$ ,Took the chance to replace sqqq with the recent drop in value. Current earnings is very shaky. And fed’s confidence isn’t high. Expect volatility moving forward. Felt that it’s better to get some insurance by getting sqqq
I closed $SQ 20240503 74.0 CALL$ ,💰 ka-ching! Locking in my 72% credit profit over 9 days. SQ did a massive gap up after an awesome earnings announcement. Great that our earlier fundamental read panned out well. Still bullish on SQ. Looking to roll up the covered call if the sentiment remains intensely bullish! 📈
I opened $JPMorgan Equity Premium Income ETF(JEPI)$ ,Bought $30 of jepi as my dollar averaging strategy weekly to have 0.5 shares extra of jepi to make more dividend and have a view on now interest rate falling soon so the Dow will slowly recover