Monday, April 29, 2024

5454 tsla option big loss

 loss $1.5 today

TSLA surged 16%

closed the covered call

total loss from options is now $2k

Friday, April 26, 2024

7075 Googl CC

 Googl popped upwards today after earnings result

sold a covered call, for $95 premium

strike price is $190, which means the price will have to go up another 10% to reach

delta was less than 20%




Wednesday, April 24, 2024

6980 TSLA CC

 TSLA popped upwards after the earnings call yesterday

sold a call with strike price $190, which is 15% away from current price

with delta 2.0

got $277 premium, even though I was expecting around $300. Maybe I should not use market order



Friday, April 19, 2024

6852 PLTR spread

 


strike price at 18, seems like there are a few resistance or moving averages to overcome

Wednesday, April 17, 2024

ABNB spread

 


initiated a spread on ABNB

betting that price does not go to 145

i am trying both covered calls and bear call spread

covered calls i use when price is up

bear put spread when the price is down


Monday, April 8, 2024

SMCI spread 6687

 


Entered SMCI bull put spread

more than 1 to 4 profit loss ratio

but I realize the price of a share is very high

if it goes to zero, I will lose more than $100k SGD

which is something that will make me comfortable

so I close the position

I should trade shares that are cheaper, until I gain more experience

loss around US$129


Friday, April 5, 2024

no more covered calls

 just use spreads

spreads is like a better version of covered calls, as there is a default stop loss

and I know when to close the position


I can also go both directions

bear call spread, or bull put spread

i am also not restricted to the shares I own

Thursday, April 4, 2024

tsla covered call closure 6816

 lost $200+ today

TSLA spiked and currently at $175

so closed the contract

Wednesday, April 3, 2024

tsla short call

 current cash : 7081

sold 1 call ending in 3 days time

was surprised the premium was $47 USD

I do not think TSLA will shoot up 5% this wk

as there are quite a few negative sentiments




Monday, April 1, 2024

Close Googl covered call

 I am following the same logic as credits spread

as taught by Adam Khoo

if the price reaches the strike price, close it immediately

my strike price is $155, currently the price is around $154.8

I closed it and saw my cash account decrease by $159

but also, I got premium of $72 previously

so the loss is actually not as much as I thought, at 159 - 72 = $87


current cash : $7,034

14 TSLA

 bought 14 TSLA

realized it is the only stock that does not have a rounded number to 10

now I have 550 shares

it has also stayed low at 170+ for some time

i think it may be quite a bottom, where there are most negative sentiments

also, there is a growing number of people talking about how great the latest self driving software is

version 12

so it may soon approach a time where it get great hype

also, i have liquidated SHAK some time ago, and had 10K usd 

so now I am left with 7.1k

hopefully I can earn enough from options to get back to 10k soon


it is also easier to trade options

if I sell 2 contracts of covered calls, I will know that I have 350 shares of TSLA that is untouched