I opened 5 lot(s) $NFU.HK 20250529 32.00 PUT$ ,Used the drop in value to replace Nong fu spring puts. Convert Nong fu spring calls to strangle with this adjustment.
I opened 6 lot(s) $HEX.HK 20250529 390.00 PUT$ ,Closed yesterday's short strangle for around $50. Current inverted strangle for Hong Kong exchange is skewed $50 more to call side. As earnings is coming, there will be earnings risk. Decided to initiate >$50 put premiums to balance the call and put premiums. This will result in the strangle becoming directionless and also replace yesterday's $50 short premiums.
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 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