I opened 1.0 unit(s) $SPY VERTICAL 250505 PUT 505.0/PUT 500.0$ ,In view of gdp next week, I decided to open this trade for some protection on the down side. The cost is less than 0.5% of my portfolio. lets see how this turn out.
I closed 1.0 unit(s) $ELV VERTICAL 250516 CALL 480.0/CALL 460.0$ ,Like this trade as it played out well. The intend of this trade was to cover some cost for the bull call spread, which I had already close it for a profit. Since ELV price has dropped recently, this trade becomes profitable. Hence, I have decided to close it to secure the profit and remove the risk. $ELV VERTICAL 250516 CALL 480.0/CALL 460.0$
I closed 1 lot(s) $GOOG 20250502 175.0 CALL$ ,this trade is part of the wheel strategy. the price has stayed below $175 and achieved 70% of the premium. So, I have decided to closed it. I plan to reopen after the earning announcement on 24 Apr. $GOOG 20250502 175.0 CALL$
I opened $VIX 20250716 17.0 PUT$ ,After all the dust settled, will the market go back to norms in 3 months time? 🤔 i am risking about 1% of my portfolio for the VIX to go back to 17 to 20 range in 3 months time. Hence, opened this trade.$VIX 20250716 17.0 PUT$
I opened 1.0 unit(s) $META VERTICAL 250620 CALL 650.0/CALL 660.0$ ,Based on the daily chart, I think 50 moving average may be a potential resistance level. Hence, I have decided to open this bear call spread to collect some premiums to cover the cost of my bull call spread.
I opened 1.0 unit(s) $ASML VERTICAL 250718 CALL 800.0/CALL 780.0$ ,I have opened this bear call spread to collect some credit to pay for my bull call spread of strikes $670/$690. I am taking the view that ASML has reached a support level and may potentially move up from the current price.
I opened 1 lot(s) $GOOG 20250502 175.0 CALL$ ,I was assigned 100 shares at $175 when I am in oversea. Hence, I decided to start the wheel strategy and opened this covered call, expiring in 1 month. Collecting premium of about 0.6% of $175.$GOOG 20250502 175.0 CALL$