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.
As shared previously, trump's victory resulted in BTC breaking out and I mentioned that if this was real, it is just the start of the rally. Crypto miners continue to be my proxy play to BTC but do note that these companies are never fundamentally strong and really depend on BTC price to really moon. Do manage your risk to reward, it is okay to have some allocation to these instruments. Volatility is your friend in the option market. Lets Freaking Go Please (LFGP)! $Bit Digital, Inc.(BTBT)$ $Cipher Mining Inc.(CIFR)$ $Marathon Digital Holdings Inc(MARA)$
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
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!
$Cipher Mining Inc.(CIFR)$ $CleanSpark, Inc.(CLSK)$ $MARA Holdings(MARA)$ $Iris Energy Ltd(IREN)$ $Bit Digital, Inc.(BTBT)$ 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
$Marathon Digital Holdings Inc(MARA)$ 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!