I opened $QQQ 20250515 512.0 PUT$ ,Sold a 0DTE CSPut earlier as market was a little choppy during early trade While digesting a bunch of data reported. Job claims are well within expectations so that should move the market back up higher. Market is still bullish, so this put should be rather safe. 🤞🍀
I opened $MSTR 20250523 325.0 PUT$ ,Queue to sell this put on MSTR earlier. The sudden dip has filled the position. It's short 1weekish contract. The strike is over 20% away from the trending price level at time of opening this contract. have a similar position expiring this Friday, looking to be worthless, will continue to mitigate the position as the trade day goes by.
I opened $PANW 20250523 160.0 PUT$ ,Just sold CSPut on PANW into its earning week. Expecting PANW to hand in a good report like many other Cyber Security counters did. strike is placed about 16% lower than current price level. The share price ice now is above all moving averages, hope they can come in handy as supports if needed be Shall see how this play out. 🤞
I opened $QQQ 20250514 512.0 PUT$ ,Sold a 0DTE CSPut on QQQ earlier. Think market May trade a little flat today with ppl start taking profit off the table after good 3 days of run. Will close this out if market do dips into red later part of the day.
I opened $ADBE 20250523 430.0 CALL$ ,Sold a Covered call on ADBE as it has a good run for the pass weeks and looks to run into a potential Support/resistance level at $400 level mark. If the market is still as strong as the pass 3 days for next week, the 400 level may be breached. Believe this call strike is still a fair distance away, shall monitor closely.
I closed $UNH DIAGONAL 250516/250919 PUT 360.0/PUT 340.0$ ,The original put option is to expiring this Friday - the strike has been breached with the stock falling 18% on news of sudden exit of its CEO and also pulling their 2015 forecast out. Wanted to roll this option further down and out but realize the option chain probably didn't even expecting the share price to dip so much within this short period, it doesn't have much options to roll further down with strike. Settled for a middle ground for now and see how the price action will be for the next 2-3 weeks before adjusting the position again.
I opened $MSTR 20250516 335.0 PUT$ ,Sold a CSPut on MSTR as it pulls back today, the strike is about 17% away from its current price, for expiration end of the week. On technical MSTR is hitting on the resistance side of this bullish channel, thus price may trend back lower or flat this week. Probably hover above the 20 EMA which is a little extended now, thus the pull back perhaps.
I opened $IONQ 20250523 38.0 CALL$ ,Opened covered call against the underlying in hand. It's being a long time coming for IONQ to get back up above $30 level. However don't see it going parabolic straight up from here. If any probably steady incline. Will sell more CCall if price continues to go up on the other lots in hand. Chip in with higher strike as it goes along.
I opened $APP 20250523 400.0 CALL$ ,Opened covered call position against the underlying, expecting the share price to go up only steadily from here on. May or May not get call away by expiration, don't matter now as it will be profitable trade if the underlying do get called away by then.
I closed $SOFI 20250509 14.5 CALL$ ,These lots of Covered Calls was sold about 2 weeks ago over to the week of earning report to capture the high IV for a better premium collection. In the earning day the share price broke the $14 level, however it pulls back on the same day and have never revisited this 14 level. Again shall wait for the share price to head a bit higher before opening new Cover Call option, as the IV is rather low now and premium ain't that attractive now.