I opened $SOFI 20250221 15.0 PUT$ ,DCA via sell put, okay to get assigned. One of my long term convictions with good fundamentals and business model which is aligned to own belief.
$Cipher Mining Inc.(CIFR)$ $CleanSpark, Inc.(CLSK)$ $MARA Holdings(MARA)$ $Iris Energy Ltd(IREN)$ $Bit Digital, Inc.(BTBT)$ Summary of Week 44's Option Trades The market has been pretty good to me so far with my punt on BTC going higher. The strategy again is to sell puts on delta range between 0.20 to 0.30 if the strike prices is within 20/50/100/200 EMA. Selling different strikes daily to reduce the risk and increase probability of having some contracts expiring every week. The following are all the put options sold on we
Option Trades (Week 48 - 2024) Sold 1 lot of $CIFR 20241227 5.0 PUT$ $MARA 20241227 23.0 PUT$ $CLSK 20241227 12.5 PUT$ . All these were executed yesterday but had been selling since the start of week with different strike prices between 0.25 to 0.30 delta. High IV (risk) but high premiums too. For now, I feel the trend is still intact for the crypto miners (fingers crossed). LFGP!
Summary of Week 43's Option Trades 4 weeks have passed since I started my account with to DCA my long term holdings while selling put/call options to create the cashflow. The following are all the put options sold on week 43 with all the options expiring worthless. $CIFR - $4.50 and $5.00 $CLSK - $10.50 HIMS - $19.50 HUT - $13.50 IREN - $8.00 $MARA - $15.50 and $16.00 $SOFI - $10.00 $WULF - $5.50 and $6.00 All the options expired on 22 Nov 2024. Look forward to more consistent cashflow. LFGP!
Option Trades (Week 47 - 2024) Sold 1 lot of $MARA 20241220 19.5 PUT$ $HUT 20241220 21.0 PUT$ $CLSK 20241220 11.5 PUT$ . Had also sold more puts this entire week but haven't had the time to post. DCA continues as BTC continue higher. The high IV continues to provide for good premiums. I continue to remain bullish at least up till end of 2025 or early 2026 given that Trump will be taking office. LFGP!
Option Trades (Week 47 - 2024) I was concerned with $Marathon Digital Holdings Inc(MARA)$ not filling the gap as majority of the other miners had a nice bounce after filling the gap. However, the price movement today showed a strong support after filling the gap and quickly recovered. As part of the monthly income series, selling 1 lots of the following $IREN 20241220 9.5 PUT$ $CLSK 20241220 12.5 PUT$ $MARA 20241220 18.5 PUT$ as part of my proxy play, taking advantage of the current high IV climate for good p
$Marathon Digital Holdings Inc(MARA)$ As expected, the results failed to meet estimates and is looking to pull back sharply. In my opinion, all the mining companies would need to transit through at least 1 to 2 more quarters of earnings to settle with a new baseline post halving and for their expansion plans to play out. This is in conjunction with BTC price going up (hopefully) and pull the miners along with the improved sentiments. Am overall bullish. Lets Freaking Go Please! LFGP!
$Tesla Motors(TSLA)$ TSLA has risen quite abit over the past few weeks and is due for a correction. Long term wise, the technicals remain bullish with the current political climate favouring TSLA more than before. It would be good to correct to between $300 - $310 range to retest support and close the gap. While people often say dont fall in love with a company, I cannot help it with TSLA as I love what they are doing. Lets Freaking Go Please! LFGP!
In my opinion, regardless CPI coming in hot or cool, it might be a sell the new event. If it comes in hot, it may lead to a pause in Dec's rate cut decision with market further correcting. If it comes in below or within estimates, it may also be a sell the news event, which we have seen often in the past more often than not. Instead, we should focus on the company fundamentals, plan your trades, trade the plan. Lets Freaking Go Please! LFGP!
Option Trades (Week 46 - 2024) Sold 1 lot of the following $HIMS 20241213 26.0 PUT$ $SOFI 20241213 13.0 PUT$ as part of the weekly income strategy. It is difficult to make any move when the stock price is moving fast but the increase in IV provides for the premium even at lower delta. This would require a fair bit of risk management with the run up in prices. These trades however are based on the DCA strategy for long term holdings. Do exercise caution. Lets Freaking Go Please! (LFGP)