Day 16 Today learn to know myself better on trading 0dte option. DCA must have fund allocation plan ready.  Market provided ton of opportunities, look for the setup.  Following gurus to trade is ok provided you got to know his styles of trade.  Today DCA size at 25k.  Last contract let it run till mkt close. Tomorrow no trade day.

Kudos to @OptionsTutor for the expert guidance! Our previous short call ahead of the stock split was a triumph. Now, we're deploying a short call strategy on $NVDA 20240614 133.0 CALL$ with a strike price of $133, expiring this Friday. Fingers crossed NVIDIA doesn't surge to $133 by then! As we all know, selling naked calls can be a high-wire act without a safety net, but by pairing it with a long stock position (covered call), we can harness the power of premium income while keeping risk in check.  Still, I can't help but wonder why every options trade has to start with a healthy dose of adrenaline and a few extra gray hairs

Overview On June 5, 2024, I initiated a vertical put option strategy on Ford $Ford(F)$  with a maturity date of July 19, 2024. This involved selling put options at a strike price of $11.82 and simultaneously buying put options at a lower strike price of $10.82. This strategy, often referred to as a bull put spread, allowed me to collect an option premium of $26 per contract. I decided to close the position early on June 10, 2024, paying an option premium of $14 per contract, resulting in a net gain. This reflection explores the reasoning behind this strategy, the performance of Ford, and the outcomes of the investment. Ford's Performance and Market Sentiment Ford's vehicle sales for May 2024 provided a mixed yet predominantly positive picture. T

Small Caps McClellan Oscillator & $iShares Russell 2000 ETF(IWM)$ The recent bounce in the McClellan oscillator for Small Caps didn't make it above the neutral zone, that shows weakness as highlighted from previous occurrences.Here's why the zero level matters:1) It acts as a baseline for the oscillator's movement.2) Observing how the oscillator behaves around zero can provide clues about the strength of the current trend and the potential for trend changes.3) It can also help identify divergences between the oscillator and the price movement of an index, which can be a significant signal for potential trend reversals.Regarding IWM's Price Action:The days of higher highs and higher lows seem like a thing of the past. The 50-day moving average h

Here I am... a loyal follower of @OptionsTutor   Shorting $NVDA 20240607 1270.0 CALL$ with strike price of $1270, expiring on 7 June. This means I'm basically betting that Nvidia's stock price won't reach $1270 by the split date 10 June. Right now, the stock price is already close to $1200, so it's a bit of a gamble. Here's to hoping my prediction is right! But remember, the market is unpredictable, so wish me luck! Placed a bet that Nvidia won't hit $1270 by the stock split!

Overview On May 23, 2024, I executed a cash-secured put option on Barrick Gold$Barrick Gold Corp(GOLD)$  , selling one contract with a strike price of USD 17, maturing on June 21, 2024. The premium received for this option was USD 41. This investment strategy was chosen based on the promising trends exhibited by Barrick Gold, particularly its ability to reinvest in the business and generate higher returns on capital employed. Rationale Behind the Investment Strategy Reinvestment and Returns on Capital Employed: Barrick Gold has demonstrated a commendable capacity to reinvest its earnings into the business effectively, yielding higher returns on capital employed. This trend suggests strong management and a sustainable business model, which are

Overview On April 16, 2024, I sold one contract of a LEAP NXT cash-secured put option with a strike price of USD 40 and a maturity date of November 15, 2024, for a premium of USD 437. This strategic move was driven by my confidence in the stability or potential appreciation of NXT's stock price. However, I decided to close this position on May 23, 2024, for USD 238. Here’s a detailed reflection on this investment strategy. Initial Strategy and Rationale Selling cash-secured put options is a conservative strategy that aligns well with my risk tolerance and investment goals. By selling the put option, I committed to purchasing NXT shares at USD 40 if the stock price fell below the strike price by the maturity date. This position was secured by holding enough cash to purchase the shares if ex

Overview of the Strategy On May 21, 2024, I sold a cash secured put option for Palantir Technologies $Palantir Technologies Inc.(PLTR)$   with a strike price of $20 and a maturity date of June 21, 2024, receiving a premium of $40. This strategy involves selling a put option, which obligates me to buy Palantir stock at the strike price if the option is exercised. Given Palantir's recent performance and financial strength, this strategy appeared to be a prudent way to potentially acquire the stock at a discount or to earn income from the premium received. Rationale for the Strategy 1. Current Stock Performance:  At the time of the option sale, Palantir’s stock was priced at $21.28 and the advent of

so I demo-ed $TLT 20240621 87.0 PUT$, short put of $iShares 20+ Year Treasury Bond ETF(TLT)$ at $87, expiring at 21st June as per @OptionsTutor  thank god this is demo. otherwise my weak heart can't handle it 💔 😭 

As long as $S&P 500(.SPX)$ remains above 5283, we should produce a higher high targeting 5335-5350. If so, that should terminate the bearish B-Wave or bullish Third Wave. However, the loss of 5283 should lead to 5240-5211 support, which is also the area of interest following a rally to 5335-5350. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$ $E-mini Nasdaq 100 - main 2406(NQmain)$ $Invesco QQQ(QQQ)$ ImageImage