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 trade options
How A Wrong Move In Options Trading Stopped Me From Taking $66k Profit | Disadvantages (Risks) Of Selling Covered CALL Options
I accumulated 300 shares of Nvidia over 2021 and 2022 when my SELL PUT contracts were exercised. The average price of my Nvidia shares is USD 263.33. Since the start of the year, Nvidia has experienced a phenomenal rise in share price. Its YTD (Year To Date) performance is almost 200%. Based on Friday's (16 … Continue reading How A Wrong Move In Options Trading Stopped Me From Taking $66k Profit | Disadvantages (Risks) Of Selling Covered CALL Options
$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)
How Does Bull CALL Spread Work? | CALL Debit Spread Explained For Newbies (Part 4 of 4)
This is the last part explanation of the 4 Vertical Spread options strategies where I will explain more in-depth about another vertical spread strategy for bullish play, which is the Bull CALL Spread Strategy. This is also known as CALL debit spread as the options buyer pays a premium (debit) in order to open up … Continue reading How Does Bull CALL Spread Work? | CALL Debit Spread Explained For Newbies (Part 4 of 4)
[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)
How Does Bear PUT Spread Work? | PUT Debit Spread Explained For Newbies (Part 3 of 4)
This is the part 3 explanation of the 4 Vertical Spread options strategies where I will explain more in-depth about another vertical spread strategy for bearish play, which is the Bear PUT Spread Strategy. This is also known as PUT Debit spread as the options buyer will pay a premium (debit) in order to open … Continue reading How Does Bear PUT Spread Work? | PUT Debit Spread Explained For Newbies (Part 3 of 4)
Learning Investment With Jason Cai 