My biggest mistake in 2021/2022 was to build up a LEAPS portfolio amounting to more than 400k and to lose all of them in 2022 bear market. My biggest mistake in 2022/2023 was to sell Covered CALL on my existing shares such as Nvidia, Palantir, Tesla at very low strike price so that I can … Continue reading Fixing My Broken Palantir Trade (SELL CALL) | How To Fix A Broken Short CALL Contract?
Tag: how to trade safely in options
Trading Review Oct 24 (USD10.5k Profits)
October 24 has been quite a fruitful month for me though the last 2 weeks are seasonally the worst performing months of the year. Coupled with the US election happening in November, it is a volatile month as well. I did quite well this month, thanks to the rise in share price for Nvidia as … Continue reading Trading Review Oct 24 (USD10.5k Profits)
I Am Glad I Did Not Follow My Guru To Blindly Bet On Coinbase’s Earnings | -USD56.9K In 3 Days
On 30th Oct 24, a guru that I paid to follow on Discord went on a heavy bet on Coinbase just before the company announced its earnings. He was very bullish on Coinbase and Bitcoin, and was confident that Coinbase would rise to a new all-time high in the months to come. Here are the … Continue reading I Am Glad I Did Not Follow My Guru To Blindly Bet On Coinbase’s Earnings | -USD56.9K In 3 Days
How I Fix My Tesla CALL Options Contracts That Are Losing Value Every Day | How To Fix A Broken CALL Option Position
I bought my Tesla CALL options at the worst possible time when Tesla reached its peak price of this year at around USD270 and started correcting. It was one of those days where Tesla's share price dropped by more than 10% in a single trading day. Trade Details: [11 July 24] Bought Tesla CALL & … Continue reading How I Fix My Tesla CALL Options Contracts That Are Losing Value Every Day | How To Fix A Broken CALL Option Position
Taking USD10.47K Profits (40.26% Returns In 4 Months) In Nvidia BULL CALL Spread Positions
I shared in a previous post that I had a huge position in Nvidia other than shares, SELL PUT & SELL CALL contracts and they are my BULL CALL Spread contracts that I have invested USD26k of my capital. More details here: My USD26k Bet On Nvidia On 11 Oct 24 & 15 Oct 24, I … Continue reading Taking USD10.47K Profits (40.26% Returns In 4 Months) In Nvidia BULL CALL Spread Positions
Trading Review Sep 24 (USD827 Profits)
September was a low trading activity month in terms of options trading for me as I stayed away from making too many trades due to the seasonality of September being a volatile month with lower returns. Instead of trading options, I was buying and selling shares, which gave me more flexibility when it comes to … Continue reading Trading Review Sep 24 (USD827 Profits)
My S$10,000 Bet On China | Why I Am Buying Into Chinese Stocks (ETF)
China’s government recently announced a series new economic measures aimed at boosting the property and stock market, and that has caused China-based stocks to surge last week. The central bank last week unveiled a swap program initially worth 500 billion yuan (USD71.3 billion) to fund stock purchases by brokers, funds and insurers. It will also … Continue reading My S$10,000 Bet On China | Why I Am Buying Into Chinese Stocks (ETF)
Selling PUT Vs. BULL PUT Spread Options Strategy | Comparing The 2 Options Strategy (Pros & Cons)
In 2023, one particular options strategy worked very well for me and that is the SOP Strategy, which stands for Selling OTM PUT. It allows me to gain $29.4k profits and has an extremely high success rate of 96.4% Read more here: How This Options Strategy Help Me Gain $29.4K Profits & 96.4% Success Rate … Continue reading Selling PUT Vs. BULL PUT Spread Options Strategy | Comparing The 2 Options Strategy (Pros & Cons)
3 Beginner Mistakes That I Would Avoid As An Options Trader (If I Can Start All Over Again)
If I have a chance to turn back time and with today's knowledge and experience, I would avoid these 3 beginner mistakes and they are selling ITM PUT, selling ITM CALL and buying OTM LEAPS. I will elaborate on each one and how avoiding these strategies may help you avoid some pitfalls in your options … Continue reading 3 Beginner Mistakes That I Would Avoid As An Options Trader (If I Can Start All Over Again)
My USD26k Bet On Nvidia
I currently own 1500 Nvidia shares at an average price of USD56.81. They are all locked in Covered CALL positions with a strike price of USD26 and expiration date in Dec 2026. The reason why my strike price is much lower than my breakeven price was because I sold my Covered CALL positions at the … Continue reading My USD26k Bet On Nvidia
Learning Investment With Jason Cai 