The US stock market continues to free fall after a brief rebound on 4th May 2022, where the Federal Reserves announced an increase in interest rate of 50 basis points. Coupled with CPI data that fell below expectation, the stock market has continued its free-falling. The S&P 500, a stock market index tracking the performance … Continue reading [12 May 22 Trades] Closing Covered CALL Contracts To Lock In USD2,666 Profits In 3 Days
Tag: how to trade options in 2022
Why The Wheel Strategy Is Now My Slow And Winning Tortoise
You may have heard of the tortoise and the hare story. So, the hare challenges the tortoise to a race and was sprinting far ahead when the race started. He got complacent and decided to take a nap. The slow and steady tortoise eventually caught up and won the race. I started my options trading … Continue reading Why The Wheel Strategy Is Now My Slow And Winning Tortoise
Portfolio Update + Earning For April 2022
Another trading month has ended and I thought it would be useful to share my current portfolio and the earnings that I have made from options trading for the month of April 2022. April has traditionally been a good month for the stock market as Q1 results help to boost share prices which in turn … Continue reading Portfolio Update + Earning For April 2022
Q&A: Your Covered CALL Contracts Are Generating Good Returns But Your Shares Are Losing Money!
I get this above question frequently when I share about how the drop in share prices generates higher returns for the covered call contracts that I sold. Why I Choose To Roll My CALL Option Contract When Share Price Falls It is true that when the share price of a stock falls, the stock also loses … Continue reading Q&A: Your Covered CALL Contracts Are Generating Good Returns But Your Shares Are Losing Money!
[26 April 22 Trades] Closing Tesla & Nvidia Covered CALL Options For USD2,560 Profits In 8 Days
It was a very red day in the stock market on 26th April 22 as almost all the companies in S&P 500 closed lower. U.S. stocks fell sharply on Tuesday with shares selling off into the close, as investors dumped equities on fears of an economic slowdown. The tech-heavy Nasdaq Composite dropped 3.95% and hit … Continue reading [26 April 22 Trades] Closing Tesla & Nvidia Covered CALL Options For USD2,560 Profits In 8 Days
[19, 21, 22 April 22 Trades] My Current LEAPS And Wheel Strategies
It was not a great week for the stock market as the S&P 500 closed lower than it started on Monday, 18th April. Netflix's dismal quarter brought down the market on Wednesday and while Tesla's phenomenal quarter brought some hope on Thursday, it was quickly dashed by Federal Reserves Chairman Jerome Powell giving a strong … Continue reading [19, 21, 22 April 22 Trades] My Current LEAPS And Wheel Strategies
[18 April 22 Trades] Trying The New Strategy Of Selling Longer Dated CALL Covered Contract
On 18 April 22, the S&P 500 went through periods of red (down) and green (green) before closing flat. I was eager to try out the new strategy of selling longer-dated covered CALL option contracts that I mentioned in my previous post. I Discovered A Way To Generate Higher Returns From Selling Covered CALL For … Continue reading [18 April 22 Trades] Trying The New Strategy Of Selling Longer Dated CALL Covered Contract
I Discovered A Way To Generate Higher Returns From Selling Covered CALL For Low IV Stocks Like Apple
I wrote an article previously on why stable companies such as Apple generates low premium for options sellers due to low Implied Volatility (IV). Basically, to summarise, these big companies such as Microsoft, Apple, and Alphabet (Google) have very stable share prices and will not fluctuate much. Thus with lower volatility in their share prices, … Continue reading I Discovered A Way To Generate Higher Returns From Selling Covered CALL For Low IV Stocks Like Apple
[14 April 22 Trades] Rolling Tesla Covered CALL Options For USD440 Profit In 2 Days
Tesla's share price closed USD37.37 lower on 14 April 22 (Thursday), the last day of the trading week before the Easter Holiday. That means that the premium for the covered call contract that I sold for Tesla 2 days ago also fell. On 12 April 22, the premium that I collected from selling the covered … Continue reading [14 April 22 Trades] Rolling Tesla Covered CALL Options For USD440 Profit In 2 Days
[13 April 22 Trades] I Bought 72 CALL Options Contract (32 Meta, 30 BAC & 10 PLTR). Why?
The last time round where I bought so many CALL contracts was in December 2021 where I bought close to USD100,000 worth of LEAPS contracts. The LEAPS strategy has served me well and helped me made 6-figure returns in 2021, when we are in a great bull market. However, in 2022 where the market is … Continue reading [13 April 22 Trades] I Bought 72 CALL Options Contract (32 Meta, 30 BAC & 10 PLTR). Why?