On 25 October 21, when the news broke out that Hertz was looking to order 100,000 vehicles from Tesla to add to their rental fleet, Tesla's share price jumped 16% from $909 to $1025. I bought a LEAPS CALL contract and the details are as follow: Type of Option: LEAPS CALLStrike Price: $1800Expiry Date: 16 … Continue reading My Biggest LEAPS Options Contract Closed, 173.8% Returns In 10 Days
Tag: options trading
Which Platform Do I Use For Buying US Shares & Options Trading?
I have been asked this question quite a number of times so I thought it will be good to address this question in this post. The platform that I am currently using is Interactive Brokers, also in short, known as ibkr. What I Like About ibkr? Easy SignupIbkr is easy to sign up and the … Continue reading Which Platform Do I Use For Buying US Shares & Options Trading?
The Power Of LEAPS: Tesla LEAPS Is Up 340% In Just 18 Days
On 15 Oct 21, I bought a Tesla LEAP Contract and the details are as follow:Type of Option: LEAPS CallDate of Expiration: 20 Jan 2023 (461 days to expiration)Delta: 0.194Strike price: $1500Premium Price: $37.50Share price of Tesla on 15 Oct 21: $839.70 Based on Monday (1 Nov) Tesla's closing price of $1208.59, the premium has increased … Continue reading The Power Of LEAPS: Tesla LEAPS Is Up 340% In Just 18 Days
I Sold An AMD PUT Contract And Collected 4.36% Returns In 18 Days (1 Nov 21)
I sold an AMD PUT contract today, with the expiration date on 19 Nov 21 (18 days from now). The IV is high at 39% and thus I collected a premium of 4.36% in just 18 days. Read about why IV is important to options traders here:What Is Implied Volatility (IV) And Why It Matters … Continue reading I Sold An AMD PUT Contract And Collected 4.36% Returns In 18 Days (1 Nov 21)
My Pinterest Stock Dropped Almost 50% But I Am Still Earning Money From It
I first enter options trading for Pinterest stock in March 2021 where I sold a PUT contract and received 7.81% returns in just 16 days. Subsequently, I sold more PUT contracts on Pinterest but the share price started going down and my PUT contract was exercised. Since then, I have been selling covered calls on … Continue reading My Pinterest Stock Dropped Almost 50% But I Am Still Earning Money From It
I Bought Tesla LEAPS At 3.75k 15 Days Ago (15 Oct 21) And Now It Is Worth $12.6k (236% Profits)
I bought a low delta Tesla LEAPS on 15 Oct 21, with a strike price of $1500, expiration date on 20 Jan 23 with a delta of 0.194. I pay at a premium of $3750 ($37.50 x 100) and Tesla's price was $839.70 at the time of purchase. It was before Tesla's earnings announcement on … Continue reading I Bought Tesla LEAPS At 3.75k 15 Days Ago (15 Oct 21) And Now It Is Worth $12.6k (236% Profits)
I Sold A Put Option Contract For Nvidia (Again) On 28 Oct 21. Why?
On 28 Oct 21, I sold a PUT contract on Nvidia, with details as follow: Strike Price: $260Date of Expiration: 3 Dec 21 (35 days contract)Premium Collected: $19.50 (7.5% returns) I previously close a PUT contract in 12 days because I thought Nvidia's share price is going up too high and may have a chance … Continue reading I Sold A Put Option Contract For Nvidia (Again) On 28 Oct 21. Why?
What Is Implied Volatility (IV) And Why It Matters In Options Trading?
Implied Volatility (IV) refers to the probability of the fluctuation in the market price of a stock, in short, it is a prediction of how volatile the stock can be at a certain point. The higher the IV, the more volatile in price movement the stock is expected to be. A stock can have a … Continue reading What Is Implied Volatility (IV) And Why It Matters In Options Trading?
I Close My Nvidia PUT Option Contract and Made $1405 (5.98%) in 12 days
On 15 Oct 21, I sold a PUT contract on Nvidia at a strike price $235 and collected a premium of $2025 (8.6%). The contract will expire worthless if Nvidia stays above $235 on 19 Nov 21 (35 days contract). Read more about the article here:I Made 8.6% Returns In 35 Days By Buying Nvidia … Continue reading I Close My Nvidia PUT Option Contract and Made $1405 (5.98%) in 12 days
I Was Laughed At When I Told Them I Bought LEAPS With A Low Delta
I receive a few comments when I share that I bought LEAPS contract with a low Delta. Some readers think that I do not understand options trading and that buying a LEAPS contract at a lower delta has an extremely low chance of being successful (at reaching the strike price). However, in a LEAPS contract, … Continue reading I Was Laughed At When I Told Them I Bought LEAPS With A Low Delta
