SPACE ROCKET
04-21
I opened $SOXL 20250502 7.5 PUT$  ,

Don't mind buying SOXL at $7.5.

Too cheap to resist.

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Comments

  • DanTEOHH
    04-21
    DanTEOHH
    Am sitting on 80% loss đŸ˜ĸ
    • DanTEOHHReplySPACE ROCKET: 
      For call below cost basis is better to Sell short oR long dated call? I heard arguments for both. Short is allow U chance to roll while long dated calls the extrinsic value depletes faster? Also, some say don't roll ; buy back the call at loss and let the stock rUN higher before sselling calls haha
    • SPACE ROCKETReplyDanTEOHH: 
      I started building my stash selling calls way below my cost basis. I'm doing that with CLSK & MARA. Such that the amt of $ generated from options more than compensate for unrealised losses. TBH, the total $ I earn from options more than covers the amount I spent on CLSK and MARA, as if they are FOC.
    • SPACE ROCKETReplyDanTEOHH: 
      U have to actively manage it (give the other party no incentive to buy over the shares from u). So you'd have to evaluate market sentiments etc. Start rolling when it's super 💚.Roll higher&further. Then if its a fake pump,when it âŦ‡ī¸, you'd be 💚. Then you can close if you want or wait till expiry.
    • SPACE ROCKETReplyDanTEOHH: 
      That's true. See situation bah. Or try sell covered calls on your other holdings. May seem small and lame but it adds up. Think about it this way, $50/wk over 52 weeks is $2600 in your pocket. A little bonus. I started out that way too. I build my stash up selling all the calls that add up.
    • SPACE ROCKETReplySPACE ROCKET: 
      I'm doing sth similar with TSLA and NVDA too. I use the money obtained from options sold on these 2 to purchase more of these 2. Such that the cost to purchase is offset by the amount generated from Options, allowing me to accumulate the stocks in an 'FOC' manner without putting in cash.
  • Tiger_CashBoostAccount
    04-23
    Tiger_CashBoostAccount
     Thank you for the insight into your trading activities. Your commitment to value investing and strategic swing trading is inspiring. 
    Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.
    Other helpful links:
  • IXChapman Portfolio Management
    04-21
    IXChapman Portfolio Management

    Great article, would you like to share it?

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