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I closed $SMCI 20240510 915.0 CALL$ ,SMCI: collected full premium of 0.35% for this naked call over a period of 4 days when it expired worthless. SMCI didn’t move much this whole week and stay within consolidating range. ATR decreased from 100 to around 60 now indicating slower volatility. However, NVDA earnings call on 22nd May will most likely influence how this counter and few other semiconductor counter will behave.
I closed $SOFI 20240510 6.5 PUT$ ,SOFI: collected full premium of 4.45% when these cash secured puts expired worthless after holding for 25 days. SOFI went below $7 and closed at $6.94 for the 2nd Fri in a row showing that the $7 support is getting weaker. These puts were sold at $6.5 so they were all in profit and I still have few other active trades set at $7. I’ll continue to accumulate till I’m fully allocated and also sell covered call on those stocks I’ve already owned.
I opened $HSY VERTICAL 241115 CALL 200.0/CALL 220.0$ ,Had been thinking for a while and I decided to re-enter HSY with a longer date to expiry. Using the capital that I recovered, I redeploy the same capital back into this trade. I am still expecting HSY to move up, based on the recent good earnings as well as the cocoa price seems like reducing.
I opened $ADSK CUSTOM 240531 PUT 200.0/PUT 205.0$ ,In the weekly chart, after a series of bearish candlestick, a bullish candlestick was formed. This may suggest sellers are lesser and buyers are entering. Coincidently, it also happens near a resistance turns support region. The stochastic is at the oversold region and might be due for reverse. Looking into the daily chart, the prices looks like trading sideways and MACD is positive. Hence, based on the recent lowest price of $206, I decided to enter a bull put spread with the short strike set at $205. Let’s see how this trade turns out.
I closed $MARA 20240510 23.5 CALL$ ,MARA is unable to break the 21/23 resistance after earnings. Will wait for opportunities to sell covered calls again when opportunity arises.
I closed 1 lot(s) $PLTR 20240510 26.0 CALL$ ,Here’s another Called Call Option expired worthless, keeping the full premium collected. Have yet to open new CC contract as the underlying price is very low now, the stock may suddenly rebound and making cover call at this level hard to manage. If we sell a strike further out, the premiums are gonna quite miserably low, thus have to exercise some patience here.
I closed 1 lot(s) $AMD 20240510 160.0 CALL$ ,This 3rd weekly covered call option just expired worthless, thus keeping the full premium collected. This is part of a wheel strategy applying on AMD after a CSputs went in-the-money and took assignment of. Will continue to sell covered call and collect premiums along the way till the underlying get called away eventually when the stock gets back up.
I closed 1 lot(s) $PLTR 20240510 31.0 CALL$ ,This was a great example of selling option during earning when IV is high. This 1 week contract at $31 strike was sold just a day before earning report, at time of open, the underlying price was trading slightly below $25, premium collected by as $23 per contract, at $31 strike its a good 24% away, a fairly safe margin. Annualized ROI is 53%. Of course the market direction ended in my favor, it would be otherwise a different story. 😅
I closed $SOFI 20240510 6.5 PUT$ ,SOFI: collected full premium of 4.45% when these cash secured puts expired worthless after holding for 25 days. SOFI went below $7 and closed at $6.94 for the 2nd Fri in a row showing that the $7 support is getting weaker. These puts were sold at $6.5 so they were all in profit and I still have few other active trades set at $7. I’ll continue to accumulate till I’m fully allocated and also sell covered call on those stocks I’ve already owned.
I closed $SMCI 20240510 915.0 CALL$ ,SMCI: collected full premium of 0.35% for this naked call over a period of 4 days when it expired worthless. SMCI didn’t move much this whole week and stay within consolidating range. ATR decreased from 100 to around 60 now indicating slower volatility. However, NVDA earnings call on 22nd May will most likely influence how this counter and few other semiconductor counter will behave.
I opened $ADSK CUSTOM 240531 PUT 200.0/PUT 205.0$ ,In the weekly chart, after a series of bearish candlestick, a bullish candlestick was formed. This may suggest sellers are lesser and buyers are entering. Coincidently, it also happens near a resistance turns support region. The stochastic is at the oversold region and might be due for reverse. Looking into the daily chart, the prices looks like trading sideways and MACD is positive. Hence, based on the recent lowest price of $206, I decided to enter a bull put spread with the short strike set at $205. Let’s see how this trade turns out.
I opened $HSY VERTICAL 241115 CALL 200.0/CALL 220.0$ ,Had been thinking for a while and I decided to re-enter HSY with a longer date to expiry. Using the capital that I recovered, I redeploy the same capital back into this trade. I am still expecting HSY to move up, based on the recent good earnings as well as the cocoa price seems like reducing.
I opened 1 lot(s) $PLTR 20240719 17.0 PUT$ ,Summary I opened 1 lot(s) sell $PLTR 20240719 17.0 PUT$ ,Feel it’s oversold so I opened a sell put lower at $17 and let it decay slowly around 1.5 % on the strike price abit like ssb At 0.23 premium Sell Cash Secured Put:🔥🔥🔥 On May 10, 2024, I initiated a trade by selling one cash-secured put contract of Palantir ($PLTR) with a strike price of $17 and an expiration date of July 19, 2024. This strategic move was made with the belief that Palantir was oversold, and I aimed to capitalize on potential price stabilization or upward movement. By selling the put option, I received a premium of $23 ($0.23 x
I closed 1 lot(s) $PLTR 20240510 26.0 CALL$ ,Here’s another Called Call Option expired worthless, keeping the full premium collected. Have yet to open new CC contract as the underlying price is very low now, the stock may suddenly rebound and making cover call at this level hard to manage. If we sell a strike further out, the premiums are gonna quite miserably low, thus have to exercise some patience here.
I closed 1 lot(s) $AMD 20240510 160.0 CALL$ ,This 3rd weekly covered call option just expired worthless, thus keeping the full premium collected. This is part of a wheel strategy applying on AMD after a CSputs went in-the-money and took assignment of. Will continue to sell covered call and collect premiums along the way till the underlying get called away eventually when the stock gets back up.
I closed 1 lot(s) $PLTR 20240510 31.0 CALL$ ,This was a great example of selling option during earning when IV is high. This 1 week contract at $31 strike was sold just a day before earning report, at time of open, the underlying price was trading slightly below $25, premium collected by as $23 per contract, at $31 strike its a good 24% away, a fairly safe margin. Annualized ROI is 53%. Of course the market direction ended in my favor, it would be otherwise a different story. 😅
I closed $MARA 20240510 23.5 CALL$ ,MARA is unable to break the 21/23 resistance after earnings. Will wait for opportunities to sell covered calls again when opportunity arises.
I opened $GS VERTICAL 240524 CALL 465.0/CALL 470.0$ ,GS: sold bear call spread on Goldman Sachs at $465/$470 with expiry on 24th May which is 14 days away. Premium collection is $120 over max risk of $500 so that’s 24% ROI over the period if the trade is in my favour. GS hit all time high at $458.75 on 9th May and still hover around the price range. Ready to put in a bearish trade when GS didn’t continue to make new high when S&P in positive range on the 10th May. Seeking short term profit taking on reversal depending on how the market reacts the coming 2 weeks.