On 30 March 22, I closed my Tesla PUT contract (Strike Price USD980, Expiry Date 29 April 22) and locked in a profit of USD150. The contract was just opened one day earlier on 29 March 22. I usually roll my contract manually as I want to have better control over the closing premium price … Continue reading I Clicked The Wrong Button When Trading And It Cost Me USD250
Tesla's share rallied 8% on the news that the company is planning for a stock split in 2022. Tesla announced on its Twitter page that it would seek shareholders' vote in the upcoming annual shareholder meeting to proceed with issuing dividends (in the form of more shares) to the shareholders. This concept is similar to … Continue reading [28 March 22 Trades] Why I Sold Away My 40 Tesla CALL Contracts After Stock Split News & What I Did Next?
I have been reading much about the "Chicken Genius (Ken) Quits YouTube" news lately. So, apparently, other than being attacked by other YouTubers such as Meet Kevin, he was also worried about his followers getting into margin calls because they had echoed his bearish outlook and followed his trades (sold covered calls on Tesla at … Continue reading Why You Should Not Blindly Follow Your Favourite Financial YouTuber’s Investment Tips/ Trades/ Predictions
Tesla has been one of my Top 3 best performers in 2021, alongside Nvidia and Alphabet (Google). However, in 2022, I have barely earned any returns from Alphabet as I am only holding LEAPS contracts and they are in the red due to a huge correction for tech stocks. I managed to generate some returns … Continue reading How I Made SGD105,543 (USD78,180) From Trading Tesla In The Last 7 Months (31 Aug 21 to 25 March 22)
The LEAPS CALL strategy is an extremely powerful strategy that I use in 2021 to generate most of the 200k profits from options trading. Read more about how I use this options strategy in 2021 here:1st Year Options Trading Recap: The Journey Towards SGD$217,509 Profits In 2021 However, the subsequent downturn in the market meant that … Continue reading A Better Strategy Than LEAPS CALL In A Market Rally?
The stock market rallied for the 4th straight day on 18th March 22 to cap the largest gain in the three major indexes (S&P500 ~ 6.2%, Dow Jones ~ 5.5% and Nasdaq ~ 8.8%) since November 2022. In a market rally like this, I hold off selling covered calls for all my stocks and focus … Continue reading [18 March 22 Trades] Rolling Tesla PUT, Sold Nvidia PUT + CALL, Bought 2 (Final) Tesla LEAPS | Is The Rally Our Final Chance For Redemption?
I currently own some stocks in my portfolio that I wish to hold for long-term investment as well as do short-term trading using the Wheel strategy and earn a sideline income every month. One of the stocks is Apple and in this article, I will share my thoughts on why Apple may seem like a … Continue reading Why Apple Is Not A Good Stock For Options Traders (Sellers)? | And Which Stocks Are?
The US market rallied for the second straight day after the FOMC meeting as the Federal Reserves announced they would be increasing interest rate by 25 basis points (0.25%), which is aligned with market expectation. The reduction in the balance sheet where the Fed starts selling bonds will only confirm in future meetings. Jerome Powell … Continue reading I Did Not Predict The Rally, I Simply Prepared For It | What I Am Doing Next
It was another red day for the Chinese tech stocks due to delisting fears and covid lockdowns imposed in China. The mega-cap tech stocks and consumer cyclical stocks also fall due to fears over interest rate hikes and uncertainties of the war. However, not all sectors are falling as healthcare and financial stocks rose as … Continue reading [14 March 22 Trades] Closed My Covered Call Positions, 75% Returns On Alibaba PUT Contract & 3 x Tesla LEAPS
The stock market closed lower on Friday (11th March 22) as uncertainties over the Russian-Ukraine war and interest rate hikes continued to induce fears among investors. In this situation where stocks are falling, it is actually advantageous to covered call seller because the premium gets lower and it is possible to close the contract earlier … Continue reading [11 March 22 Trades] Why I Close My Covered Call Positions & Roll My Tesla PUT Contract