I opened $TSLA 20240524 167.5 PUT$ ,Positioning for a downside move for TSLA. Buying at 0.99 while volatility is low. Hoping for greater volatility as NVDA earnings tends to move the markets.
GameStop > GameStopped? Last week, I decided to short the meme rally as the run up has been overwhelming so much so that I doubted it had the legs to go on. I made the decision to sell close to expiry puts since the volatility was high, and the time decay would run quickly. By Friday, the decision had proven effective as the the options expired worthless as $GameStop(GME)$ dove from its highs. Now hovering at the low 20s, the relative value of the GME is still too high and will likely trend downwards eventually to the sub-10s/low 10s. This is the most likely outcome as the company has poor fundamentals. This has been further exacerbated by GameStop diluting the stock by releasing more 45million shares on Friday. Some may be tempted to go
Monthly Personal Review- April 24 Personally, it been a slow year, and that's a super positive spin on how the year has gone. Been swamped with work and neglected my stocks. Ended up washing out my wins from last year, as I decided to try a more hands off approach which backfired. I am apparently a hands on, research intensive active investor and when I put my foot off the pedal,I can lose lots. Damn Tesla! Haha! Part of the learning experience, I guess, as I am still relatively new to investing having only started investing in the 6 figures last year. Last year, my gains came as I worked on buying and selling stocks with a small contribution via options. I attempting to switch strategy to one where I passively hold stocks while collecting option premiums but it
Monthly Team Review-April 24 The Team did a great job last month, finishing first!. Every member is pulling their weight. Kudos to the teams effort! Keep it up, guys.
Annual report. Quite happy with my outcomes for this year! $Tesla Motors(TSLA)$ has definitely been a massive friend, going both long and short on the stock, and using quite a bit of options on it as well. Missed opportunity with $Coinbase Global, Inc.(COIN)$ , as I was skeptical of it moving up as much as it eventually did. I was both long and short the stock at various times, so i'm content that i didn't end up short when it started its run up. 2023 looks like a good base, given it is the first year I started really investing/trading the markets after dabbling a little in 2021/2022. I am very happy with how things panned out after I decided to put the money in this year, star
Monthly Personal Review November has been an interesting month. I had caught a few good breaks in October and made a good amount, but i chased a little too hard in November to make similar gains even when the opportunity was not presenting itself, undoing some of the earlier successes. With patience and commitment to a plan, i can keep up the profits. I am making a conscious effort to be mindful of seizing opportunities that present themselves rather than chase my thesis even when the markets may have swung.
Monthly Team Review The team has been doing well, keeping up with the front runners. Most of the members have been active so far with minor changes needed for inactive members. The members have been engaging with each other and this has instilled a sense of camadarie within the team. There has also been good discussions on investing principles and strategies. I am hopeful the team will stick together and push on towards greater challenges.