I closed 10 lot(s) $KWEB 20250516 35.0 CALL$  ,This is call portion of strangle strategy. Exited strangle position for around 10% profits. decided to exit early as the position is going nowhere, and staying on has more risks than rewards. Decided to free up the margin instead 

I closed 10 lot(s) $KWEB 20250516 30.0 PUT$  ,This is put portion of strangle strategy. Exited strangle position for around 10% profits. decided to exit early as the position is going nowhere, and staying on has more risks than rewards. Decided to free up the margin instead 

I closed 4 lot(s) $EL 20250516 70.0 CALL$  ,>20% profits. Decided to take profits as earnings is coming. Release funds to avoid earnings. 

I closed 4 lot(s) $EL 20250516 50.0 PUT$  ,>16% profits. Decided to take profits as earnings is coming. Release funds to avoid earnings. 

I closed 6 lot(s) $HEX.HK 20250429 300.00 CALL$  ,>35% profits. This position is part or inverted strangle strategy . Taking profits before expiration day to minimise risk, as expiration day is 1 day before earnings. Will re-enter long dated options for earnings play. 

I closed 6 lot(s) $HEX.HK 20250429 350.00 PUT$  ,>32% profits. This position is part or inverted strangle strategy . Taking profits before expiration day to minimise risk, as expiration day is 1 day before earnings. Will re-enter long dated options for earnings play. 

I closed 6 lot(s) $TCH.HK 20250429 460.00 PUT$  ,>82% profits. Decided to take profits early. Too much risk for me to risk much to gain little. Risk reward unbalanced, especially when risk is to downside 

I closed 5 lot(s) $NFU.HK 20250429 38.00 CALL$  ,>86% profits. Decided to take profits and do not wait for expiration. Too much volatility for me to risk much to gain little 

Attended tiger's event yesterday and had some discussion with some of the attendees of the event.  Decided to do some sharing on what I understand so far about options. It isn't much, but hope that it helps. 1. Do understand that options is a derivative.  As above, options is a derivative product. Understanding the base matters.  If it's a stock, take note of how the stock behaves, the earnings period, dividend period, impact to company etc.  if it's a etf, what forms the etf, how the etf moves, any dividends.  The pros and cons of options is that wins and losses are magnified. If the base assumption is wrong, options will backfire spectacularly, regardless of buy or sell options.  2. Do understand how options works. Options is not a get rich quick scheme. It'

Had a discussion with my friends yesterday.  Instead of labelling bitcoin as "digital gold", on a personal note, I will label bitcoin as "digital diamond". The rationale is as below: 1. Co-relation to risk assets. In general, diamond prices share co-relation to broad economy as well as stock prices. Meanwhile, gold prices has negative co-relation to risk assets. When times are bad, gold prices goes up. When times are good diamond, stock and bitcoin prices goes up. Hence the label as digital gold, becomes confusing.  2. Manipulation of pricing by marketing/speculation  Gold prices in general, reflects demand and supply.  Diamond demand is another story all together, when we look at history of manipulation of diamond prices by diamond Jewelry industry. The marketing gimmi

I closed 5.0 unit(s) $DJT DIAGONAL 250620/250516 CALL 34.0/CALL 30.0$  ,Used the rally to perform defensive roll. Pushed strike price up from $30 to $34, while collecting premiums. 

I closed 3.0 unit(s) $ASTS CALENDAR 250620/250516 CALL 37.0/CALL 37.0$  ,Decided to roll position further in time to capture premiums as with added time, delta remains at 0.2. good chance to capture more premiums while maintaining same position 

I opened 10.0 unit(s) $TZA VERTICAL 250516 PUT 15.0/PUT 14.0$  ,Using the drop in value to add on to more tza. As margin requirement is on the high side, decided to use vertical spreads to reduce the margin. 

I closed 3 lot(s) $TZA 20250516 30.0 CALL$  ,>37% profits in 1 day. Will just take the profits and replace the covered call later. 

I opened 3 lot(s) $TEM 20250620 75.0 CALL$  ,Made use of the rally to initiate short position using short calls. start small as margin requirement is quite heavy for this counter

I closed 2.0 unit(s) $TSLA STRANGLE 250516 CALL 325.0/PUT 200.0$  ,>20% profits. Take profits as I do not want to experience the uncertainty for earnings. 

$BABA STRADDLE 250516 PUT 110.0/CALL 110.0$ share for coins 

I closed 5 lot(s) $NFU.HK 20250529 29.00 PUT$  ,>72% profits with more than 1 month to go. Take profits and replace when have chance. 

I opened 3 lot(s) $TZA 20250516 30.0 CALL$  ,Slowly adding covered calls in tranches. Split over 4 parts. Do not want to cap upside, use 25% Covered call to get some income while waiting 

I closed 1 lot(s) $MSTR 20250417 350.0 CALL$  ,Collected 100% premiums through expiry. Will see how and when to replace the short. As there's another short position that's still ongoing now