I opened 1 lot(s) $GLI.HK 20250828 35.00 CALL$ ,Selling a call here to get some pocket money as the stock has gone up pretty fast. Do not mind being called away as I have accumulated more of this at a lower price.
I opened 1 lot(s) $BABA 20250815 135.0 CALL$ ,Baba has been volatile lately. Sold a put on 9988 in the HK market just a few weeks ago and it looks like it will expire worthless and now the call in the US market was sold. I am ok if it gets exercise because I am planning to move my Baba holdings to the HK market gradually
LHN is another stock in Singapore that has hit an ATH. I have been holding this stock for many years, collecting dividends while watching its business growing slowly but steadily
I opened 1 lot(s) $ALB.HK 20250730 110.00 PUT$ ,For long term investors, Baba is currently at a good price. Sell put since I already have quite some shares
Replying to @Humbly:High volatility generates more option premiums. Key is whether you can stomach the volatility, while managing your risk//@Humbly:In a highly volatile market trading sideways, condors look like an ideal strategy as long as one can identify the key support and resistance levels correctly
In a highly volatile market trading sideways, condors look like an ideal strategy as long as one can identify the key support and resistance levels correctly
I am expecting the US market to trade sideways for the next 6 months where volatility will be high. This will be a good opportunity to make money from option trades. Option strategies such as iron condors, covered calls and covered puts can be used if you are disciplined and know how to manage the risks of your trades well. Do not sell naked options if you do not have the cash to take the shares when they are assigned or the shares to deliver when they are being called upon.