Hello everyone! Today i want to share some option strategies with you!
1.
Just got out of a meeting. Was gonna trade today, but looking at the port I am just gonna let it be and sit this one out.
- $NVIDIA(NVDA)$ +4%
- $SUPER MICRO COMPUTER INC(SMCI)$ +4%
- $Palantir Technologies Inc.(PLTR)$ +5%
- $Taiwan Semiconductor Manufacturing(TSM)$ +2%
- $Snowflake(SNOW)$ +2%
- $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ +6%
- $SoFi Technologies Inc.(SOFI)$ -2% (all good, will hold for now)
- $ProShares Bitcoin ETF(BITO)$ -2% (ain't even tripping)
- $Alphabet(GOOGL)$ still can't hold above 200 (ugh ...)
- and many others
$SPDR S&P 500 ETF Trust(SPY)$ and $Invesco QQQ(QQQ)$ starting to look extended on the daily chart. Might need to start thinking of taking profits, but the momentum is up, so will continue to hold and ride the rally.
2.
Woke up early to place an optionselling trade on $.SPX(.SPX)$ ... but, not liking the set-up. Need VIX elevated again in order to take advantage of selling volatility at far OTM strikes.
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