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
Tag: options trading
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 …
How I Use My Margins Account To Earn Extra Income (Safely)? | How My Margins Account Help In My Selling PUT Strategy?
I upgraded my IBKR account from cash account to margin account last year (2022) to trade vertical spreads options contracts (two-legged or more options contracts) but I have now found a better way to take advantage of this upgrade. Essentially, having a margin account means you can borrow money from your brokerage. In return, you … Continue reading How I Use My Margins Account To Earn Extra Income (Safely)? | How My Margins Account Help In My Selling PUT Strategy?
Which Options Trading Strategy Works The Best For Me? (Review of Wheel, LEAPS & Vertical Spreads)
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)
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)
My Disastrous Start To 2023
After going through the great reset at the end of 2022, where I cut over 400k of losses in option contracts, I had looked forward to rebuilding my portfolio in 2023. However, as it turns out, it has not been smooth this year. My total loss for 2023 at this time of writing is -$6.8k … Continue reading My Disastrous Start To 2023
I Did Something Crazy & Lost SGD3,422 (USD2,535) In A Single Day
10th March was a strange day for me. I basically totally threw everything that I had learnt through my mistakes out of the window. The stock market turned bearish after Fed Chairman, Jerome Powell's hawkish comments, on further rate hikes due to rising inflation data. Elsewhere, reports have emerged on the collapse of Silicon Valley … Continue reading I Did Something Crazy & Lost SGD3,422 (USD2,535) In A Single Day
I Joined A Day Trading Discord Group And Lost USD326 In A Week | What You Need To Know Before Joining One
Awhile ago, I joined a paid discord group after reading about stories of great returns posted in the group. The membership fee was about USD59.99 per month (and has now increased to a higher pricing of USD79.99). How It works? It is a discord group with a few very talented traders who share about their … Continue reading I Joined A Day Trading Discord Group And Lost USD326 In A Week | What You Need To Know Before Joining One
Learning Investment With Jason Cai 