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[Trade Feed] @Optionspuppy: Generating $500~1K Monthly Income through Premiums & Dividends
@Optionspuppy has long been a Star Contributor in the Tiger Community, consistently providing valuable content. In trading, he primarily focuses on $Invesco NASDAQ 100 ETF(QQQM)$ , $Palantir Technologies Inc.(PLTR)$ , $Manulife(MFC)$ , $Alphabet(GOOG)$ , and $Apple(AAPL)$ , and often utilizes the strangle option strategy for dividend stocks to generate income.He exercises caution in position management by keeping half of his available cash in Tiger vault to safeguard against market crashes. Currently, he has achieved a year-t
I opened $COIN VERTICAL 240510 PUT 190.0/PUT 195.0$ ,🪙 With positive GEX at 200 and negative GEX at 217.5, dealers seem to be gearing up for an upward move. Here’s a bullish play with a bull credit put spread. Wish us luck! 🧧
I opened $BP 20240517 37.5 PUT$ ,🛢️ BP is an attractive play now, as it trades at a P/E ratio of 7.60, well below its industry average of 9.51. Over the past year, BP’s Forward P/E ranged from 5.27 to 7.82, typically staying around 6.64. Additionally, BP’s P/B ratio stands at 1.30, favorable compared to its industry’s average of 1.52, signaling good value relative to its book assets. Its P/S ratio of 0.52, which compares sales to stock price, also stands out positively against the industry average of 0.65, reflecting a solid performance indicator that’s harder to manipulate. Add to this, the P/CF ratio of 3.65 emphasizes BP’s strong cash flow perspective, notably better than the industry average of 5.46. BP’s P/CF has range
I opened $RBLX 20240510 33.5 PUT$ ,👾 RBLX caught my eye recently. Investors are keenly awaiting Roblox's upcoming earnings report due on May 9, 2024. Revenue is projected to reach $931.05 million, marking a 20.32% increase from the same quarter last year. For the full year, earnings are forecasted at -$2.09 per share with revenues predicted to hit $4.23 billion, reflecting a growth of 20.12% year-over-year. Roblox also has a consensus price target of $39.81, but recent ratings from Benchmark, JP Morgan, and Stifel suggest a higher target of $50.33, implying a potential upside of 41.74%. Furthermore, with the strong Gamma Exposure (GEX) at 34-35 levels, indicating moderate zone of support, I'm optimistic about Roblox’s nea
I closed $MRVL 20240503 72.0 CALL$ ,💰 almost hit profit target of 80%. Took advantage of the broad downturn today to exit with 79% credit profit over 5 days. Earlier thesis last week that MRVL won’t break above 72 panned out well. Looking for another entry to do a covered call again. Tmr we’ll see! 🦅
I opened $ANF VERTICAL 240531 CALL 145.0/CALL 140.0$ ,ANF: sold bear calls on Abercrombie & Fitch for strike at $140/$145. Premium collection is $110 over max risk of $500 per contract which will give me 22% ROI. ANF is building a lower high lower low in recent weeks yet still have some strength ahead of its earning on 22nd May. Nevertheless sold the bear calls at $140 near the all time high to act as resistance. Will monitor and adjust the trade accordingly.
I opened $RCL VERTICAL 240531 CALL 145.0/CALL 150.0$ ,RCL: sold bear calls on Royal Caribbean Cruises with strike at $140/$145. Premium collection is $170 over max risk of $500 per contract which will give me 34% ROI. RCL now trades at about 5% higher than its Jan 2020 peak and around its all time high after good earning beats on 25th April. It is current on oversold region so might experience short term pull back on profit taking and trades around its most recent peak on 4th Apr around $141.5. Sold these calls at $145 for safety and bought back at $150 as risk control so let’s see how this trade goes in 31 days.
I opened $AMD CUSTOM 240531 PUT 135.0/PUT 140.0$ ,AMD: sold bull puts at $140/$135. Premium collection is $94 over max risk of $500 which will give me 18% in ROI over a period of 31 days. AMD is showing signs of reversal after falling 36% from its peak at $227.5 on 8th Mar to $145.29 on 19th April. Sold these bull puts at $140 further giving some margins of safety as AMD is now trading at $160. Breakeven trades at $139.06 on expiry and lose money if lower.
I closed $Dollar General(DG)$ ,DG: took in a loss on my DG positions when my shorts were nett off at $150. I shorted them at $132. DG trades had not been kind to me, I’ve been selling secured puts to try to cover the shorts at lower price entry but DG keep running up from $132 to $168 at its peak. Tried to cover back at lower entry at $150 to reduce losses and that’s what happened today. DG however had come back down 18% since 14th Mar after its earning and not trade at $139 therefore potentially further reduce my losses. Well, I can’t win every trade and this is one of the losing ones I’m sharing.
I closed $DG 20240503 150.0 PUT$ ,DG: collected full premium of 1.3% when these cash secured puts were called early. They were meant to expiry on 3rd May and deep in the money with only about $0.25 of time value left. Since I intend to let it expired in the money and buy in the stocks to nett off my shorts, this is good outcome as I managed to close these transactions 3 days earlier than expiry and recycle my margin for other trades.
I closed $MCD 20240524 260.0 PUT$ ,Decided to close this trade to secure the profits within 8 days. Closing this trade releases my margin, which I can open new trades.
I opened $SPGI VERTICAL 240607 PUT 395.0/PUT 400.0$ ,Price is near the 50 moving average at $405.56. This may act as a good support level. In the daily chart, price is trading around 150 moving average. I have also notice the 200 moving average at $407.69. Based on these, I have decided to setup this bull put spread with strike price of $400, as I am expecting the price to move up or stay above $400, given the recent good earnings result.
I opened $BP 20240517 37.5 PUT$ ,🛢️ BP is an attractive play now, as it trades at a P/E ratio of 7.60, well below its industry average of 9.51. Over the past year, BP’s Forward P/E ranged from 5.27 to 7.82, typically staying around 6.64. Additionally, BP’s P/B ratio stands at 1.30, favorable compared to its industry’s average of 1.52, signaling good value relative to its book assets. Its P/S ratio of 0.52, which compares sales to stock price, also stands out positively against the industry average of 0.65, reflecting a solid performance indicator that’s harder to manipulate. Add to this, the P/CF ratio of 3.65 emphasizes BP’s strong cash flow perspective, notably better than the industry average of 5.46. BP’s P/CF has range
I opened $RBLX 20240510 33.5 PUT$ ,👾 RBLX caught my eye recently. Investors are keenly awaiting Roblox's upcoming earnings report due on May 9, 2024. Revenue is projected to reach $931.05 million, marking a 20.32% increase from the same quarter last year. For the full year, earnings are forecasted at -$2.09 per share with revenues predicted to hit $4.23 billion, reflecting a growth of 20.12% year-over-year. Roblox also has a consensus price target of $39.81, but recent ratings from Benchmark, JP Morgan, and Stifel suggest a higher target of $50.33, implying a potential upside of 41.74%. Furthermore, with the strong Gamma Exposure (GEX) at 34-35 levels, indicating moderate zone of support, I'm optimistic about Roblox’s nea
I closed $QQQ 20240430 429.0 CALL$ ,So I reentered too early, didn't wait for the vwap retest instead I reentered based on my ema, too bad it broke the vwap but recaptured quickly due to aapl, looking at the momentum I should have covered at the resistance but aapl looks promising, so I waited, turned out I spot a second entry at the cut loss zone of buyer which is slightly below the opening range, yes market maker has shaked you out if you set cut loss just below the opening range, as expected it then moving towards vwap, about to covered at vwap if market reject it, turn out it continue moving to the intraday resistance, but it is risky to earn the last penny, so covered early, exited with small profit again knowing ho
I opened $RCL VERTICAL 240531 CALL 145.0/CALL 150.0$ ,RCL: sold bear calls on Royal Caribbean Cruises with strike at $140/$145. Premium collection is $170 over max risk of $500 per contract which will give me 34% ROI. RCL now trades at about 5% higher than its Jan 2020 peak and around its all time high after good earning beats on 25th April. It is current on oversold region so might experience short term pull back on profit taking and trades around its most recent peak on 4th Apr around $141.5. Sold these calls at $145 for safety and bought back at $150 as risk control so let’s see how this trade goes in 31 days.
I closed $MRVL 20240503 72.0 CALL$ ,💰 almost hit profit target of 80%. Took advantage of the broad downturn today to exit with 79% credit profit over 5 days. Earlier thesis last week that MRVL won’t break above 72 panned out well. Looking for another entry to do a covered call again. Tmr we’ll see! 🦅
I opened $COIN VERTICAL 240510 PUT 190.0/PUT 195.0$ ,🪙 With positive GEX at 200 and negative GEX at 217.5, dealers seem to be gearing up for an upward move. Here’s a bullish play with a bull credit put spread. Wish us luck! 🧧
I closed $Dollar General(DG)$ ,DG: took in a loss on my DG positions when my shorts were nett off at $150. I shorted them at $132. DG trades had not been kind to me, I’ve been selling secured puts to try to cover the shorts at lower price entry but DG keep running up from $132 to $168 at its peak. Tried to cover back at lower entry at $150 to reduce losses and that’s what happened today. DG however had come back down 18% since 14th Mar after its earning and not trade at $139 therefore potentially further reduce my losses. Well, I can’t win every trade and this is one of the losing ones I’m sharing.
I opened $ANF VERTICAL 240531 CALL 145.0/CALL 140.0$ ,ANF: sold bear calls on Abercrombie & Fitch for strike at $140/$145. Premium collection is $110 over max risk of $500 per contract which will give me 22% ROI. ANF is building a lower high lower low in recent weeks yet still have some strength ahead of its earning on 22nd May. Nevertheless sold the bear calls at $140 near the all time high to act as resistance. Will monitor and adjust the trade accordingly.
I opened $AMD CUSTOM 240531 PUT 135.0/PUT 140.0$ ,AMD: sold bull puts at $140/$135. Premium collection is $94 over max risk of $500 which will give me 18% in ROI over a period of 31 days. AMD is showing signs of reversal after falling 36% from its peak at $227.5 on 8th Mar to $145.29 on 19th April. Sold these bull puts at $140 further giving some margins of safety as AMD is now trading at $160. Breakeven trades at $139.06 on expiry and lose money if lower.
I closed $DG 20240503 150.0 PUT$ ,DG: collected full premium of 1.3% when these cash secured puts were called early. They were meant to expiry on 3rd May and deep in the money with only about $0.25 of time value left. Since I intend to let it expired in the money and buy in the stocks to nett off my shorts, this is good outcome as I managed to close these transactions 3 days earlier than expiry and recycle my margin for other trades.
I closed $QQQ 20240430 429.0 CALL$ ,Quick scalp, opening in yesterday range, due to today employment cost data there are overnight inventory to be cleared, watching the market reclaim vwap around 940am, didn't chase it because the price moved too fast, look for a reentry near vwap, took the chance at 5 minutes later, risky as the market internals are not healthy, but POC is there so is a 50:50 bet, market quickly reclaimed the vwap again but indecisive, knowing there are few important ER after market closed and tomorrow FOMC, decided to exit it as quick scalp, the market then pushed it higher, unexpected but since we are in choppy zone, there should be plenty of chance later, and it did.
I opened $SPGI VERTICAL 240607 PUT 395.0/PUT 400.0$ ,Price is near the 50 moving average at $405.56. This may act as a good support level. In the daily chart, price is trading around 150 moving average. I have also notice the 200 moving average at $407.69. Based on these, I have decided to setup this bull put spread with strike price of $400, as I am expecting the price to move up or stay above $400, given the recent good earnings result.
I closed $HSY 20240510 180.0 PUT$ ,This a a rolled position to buy time for price to move up. Seems like Willy wonka manage to lower the cocoa price and HSY price manage to move up🤔? anyway, this trade manage to achieve net profit of about $100. Let’s close this to secure the profits before the earnings this Friday moves the price drastically.