Author: Jason Cai

Motivational Author and Happiness Content Creator

My Options Trading Strategy For 2023 | Introducing SOP Options Trading Strategy

by Jason Cai

In this article, I want to share with you an options trading strategy that is relatively low-risk and has a good margin for error, while being profitable and easy to implement. For simplicity sake, I shall called it the SOP strategy as I have been using it for the past 2 months and so far, … Continue reading My Options Trading Strategy For 2023 | Introducing SOP Options Trading Strategy

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I Was Wrong On Tesla’s Direction But Still Close Options Contract With Profits

by Jason Cai

I sold a PUT options contract on Tesla stock at a strike price of USD160 on 31 March 23 when Tesla was trading at USD207. The expiration date was 5 May 23 (35 days contract), That means that as long as Tesla's share price stays above USD160 on expiration date, the contract will not be … Continue reading I Was Wrong On Tesla’s Direction But Still Close Options Contract With Profits

Finally A Green Month …

by Jason Cai

After a disastrous start to 2023, where I suffered 2 consecutive months of losses (-5.3k in Feb, -4.8k in March), I finally ended April with a small amount of earnings of $389. This may seems like a consolation and not worth mentioning, but a small profit is still a profit and it is better than … Continue reading Finally A Green Month …

My Experience Riding In A Tesla Model 3 (& How You Can Win One Too)

by Jason Cai

In my recent travels, I had the chance to ride in a Tesla Model 3 because it was driven by my Uber driver. I usually do not pay much attention to the car model of the Uber drivers but because I am an existing Tesla shareholder and Tesla is my most traded (options) company, I … Continue reading My Experience Riding In A Tesla Model 3 (& How You Can Win One Too)

Which Options Trading Strategy Works The Best For Me? (Review of Wheel, LEAPS & Vertical Spreads)

by Jason Cai

My options trading journey started on 26 Feb 2021 and I remembered that my options trade was to sell a PUT on Apple at a strike price of $126. In the fantastic bull run in 2021, I also used the LEAPS strategy to make massive gains. However, my LEAPS Portfolio crashed spectacularly in 2022 as … Continue reading Which Options Trading Strategy Works The Best For Me? (Review of Wheel, LEAPS & Vertical Spreads)

[28 March 23 Trade] Sold A CSP On Tesla, SP $150, Expiration Date 28 April 23, Premium $239 (1.59% Return In 30 Days)

by Jason Cai

I sold a Cash Secured PUT on Tesla for a 30-day contract to earn 1.59% return on capital if the contract expires worthless on 28 April 23. This is a relatively low risk trade where I have enough safety of margin for a 21% drop in share price (USD190 -> USD150). Even if Tesla crashes … Continue reading [28 March 23 Trade] Sold A CSP On Tesla, SP $150, Expiration Date 28 April 23, Premium $239 (1.59% Return In 30 Days)

[24 March 23 Trade] Sold A CSP On Nvidia, SP $200, Expiration Date 19 Jan 24, Premium $1745 (8.75% Return)

by Jason Cai

It has been a while since I last sold a Cash Secured PUT (CSP). The main reason is because CSP is capital intensive since I need to set aside the capital to buy 100 shares of a particular if the contract gets exercised. I have been using the cheaper version of Vertical Spreads, e.g. Bull … Continue reading [24 March 23 Trade] Sold A CSP On Nvidia, SP $200, Expiration Date 19 Jan 24, Premium $1745 (8.75% Return)