Earlier this year, I made a huge bet on a potential market crash in 2023 and opened up a huge bearish position (BEAR PUT Spread) on Tesla. At one stage, these Tesla positions were in the green but I did not take profits as I thought Tesla's share price could drop further. Little did I … Continue reading -14k Down On Tesla Bear PUT Spread
Tag: how to make money work harder for me
My (Very) Costly Mistake When Purchasing My First Flat
This post is not about investments or options trading but to share my personal experience (and an expensive mistake made) when I bought my first flat more than 12 years ago. Back then in 2011, property prices were sky-high and the average Cash-Over-Value (COV) was at least 30k to 40k. My wife and I were … Continue reading My (Very) Costly Mistake When Purchasing My First Flat
200K Dividends In the Year 2022
I watched this video that talked about an investor who collected S$200,000 in dividends last year (2022). He is none other than the legendary investor, AK, who is a well-known investment blogger in Singapore. I have been a fan of AK's blog, A Singaporean Stock Investor (ASSI), since 12 years ago, before I even started … Continue reading 200K Dividends In the Year 2022
$8,081 Trading Profit For May 23
May 2023 is generally quite a good month for the stock market. The "Sell in May and go away" theory did not happen this year as S&P gained more than 3% while Nasdaq gained more than 8%. It was also a good month for me as my total earnings from options trading add up to … Continue reading $8,081 Trading Profit For May 23
My Options Trading Strategy For 2023 | Introducing SOP Options Trading Strategy
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
I Was Wrong On Tesla’s Direction But Still Close Options Contract With Profits
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 …
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)
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)
[24 March 23 Trade] Sold A CSP On Nvidia, SP $200, Expiration Date 19 Jan 24, Premium $1745 (8.75% Return)
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)
Why I Am Building $120,000 Of Cash Reserves In Singapore Savings Bonds (SSB)? | 5 Reasons Why SSB Is A Worthy Low Risk Investment
The Singapore Savings Bonds (SSBs) are a type of Singapore Government Securities that are issued for investors who want to participate in the Singapore Government Securities (SGS) market but in smaller denominations. The capital is guaranteed (you won't lose what you have invested), the interest payout is guaranteed (fixed at the time of purchase) and … Continue reading Why I Am Building $120,000 Of Cash Reserves In Singapore Savings Bonds (SSB)? | 5 Reasons Why SSB Is A Worthy Low Risk Investment
Learning Investment With Jason Cai 