To The Moon

$NIO 20240705 4.0 PUT$

$RCL 20240614 145.0 PUT$ RCL: collected full premium of 1.55% on RCL cash secured put after holding for 11 days. RCL has a dump of about 4.4% on the final day 14th June and closed at $148.5 which is quite close to the strike of $145. It actually went as low as $146 before gaining back $2.5. Glad to collect full amount. Will continue to sell new sets next week to continue collect premium for CSP.

$GOLD 20240614 18.0 CALL$ Selling covered call benefited from earning premium income in advance on the GOLD stock that currently own and holding the sold call position till maturity to capture the full premium.

On Mon, 10 Jun 2024, $Morgan Stanley(MS)$ CEO Ted Pick said that a higher-for-longer interest rates are "good for business." at a financial services conference hosted by it’s Research division. Mr Pick felt it is good for business mainly because Morgan Stanley’s management team have spent a lot of time refining the strategy. With the FOMC June 2024 meeting officially over, Mr Jerome Powel and team have confirmed that Fed funds rate remained status quo for another month. More importantly, US central bank has confirmed a single interest cut in 2024 due to: A string of sticky inflation readings during Q1 2024, and Surprisingly strong economic data. Current rate path presents a conundrum for many banks that: Rely heavily on the spread between what they