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I closed 3.0 unit(s) $SMCI DIAGONAL 250613/250530 CALL 45.0/CALL 40.0$ ,SMCI: collect 0.85% premium on these covered calls with strike at $45. Contract expires in 2 weeks on 13th June. The existing contract with strike at $40 and expiring on 30th May were also rolled out as it looked to close in the money and risk stocks being calls away. Stock went as high as $$47.8 on 16th May only to just below $40 on Fri 30th May, possibly a sign that the options resistance stays at around $40 for the week. I think stock will drift higher again, so these new sold calls had been adjusted upwards or rolled upwards to around $45 as long as premium collection stays attractiv
I closed 1.0 unit(s) $GDX CALENDAR 250606/250530 PUT 49.0/PUT 49.0$ ,GDX: Collect 0.8% premium on GDX with new cash secured put with strike at $49. Contract expires this week on 6th June. At the same time also closed the expiring 30th May contract in this trade to remove excess risk. Gold price was down by about 2% for the week so the lower strike of $49 is better choice then $50.
I closed 1 lot(s) $NFLX 20250530 1200.0 CALL$ ,NFLX: take 85% profit on this Netflix trade instead of usually waiting till expiry. Fri 30th was a bearish day but Netflix continue it drift higher toward end of day risking hitting the strike of $1200 and closed in the money. True enough NFLX closed at $1207 and I would had been assigned and sold short. Decided to remove the risk by taking profit and that proved to be the right decision after all on hindsight.
I opened 3 lot(s) $SMCI 20250627 45.0 CALL$ ,SMCI: collect 3% premium on these covered calls with strike at $45. Contract expires in 4 weeks on 27th June. Stock went as high as $$47.8 on 16th May only to just below $40 on Fri 30th May, possibly a sign that the options resistance stays at around $40 for the week.I think stock will drift higher again, so these new sold calls had been adjusted upwards or rolled upwards to around $45 as long as premium collection stays attractive. Will decide soon at what price point I want to let them go, but holding average are at $60+ so will still incur significant actualised loss if covered calls expired in the money.
I opened 3 lot(s) $SMCI 20250620 45.0 CALL$ ,SMCI: collect 2.15% premium on these covered calls with strike at $45. Contract expires in 3 weeks on 20th June. Stock went as high as $$47.8 on 16th May only to just below $40 on Fri 30th May, possibly a sign that the options resistance stays at around $40 for the week. I think stock will drift higher again, so these new sold calls had been adjusted upwards or rolled upwards to around $45 as long as premium collection stays attractive. Will decide soon at what price point I want to let them go, but holding average are at $60+ so will still incur significant actualised loss if covered calls expired in the money.
I closed 3 lot(s) $VXX 20250530 50.0 PUT$ ,VXX: collected premiums in full when the cash secured put options we're held into expiry on 30th May.As volatility continue to be lower after the initial spike in April, sold some of these lower strike puts to collect premium while also seeking chance to reenter long positions as lower strike levels.
I closed 1 lot(s) $WMT 20250530 80.0 PUT$ ,WMT: collected premiums in full when the cash secured put options we're held into expiry on 30th May. Good support level at $80 based off 7th April low and never tested. Price movement largely range bound and consolidating. Might consider new trades in coming week. Hold overall short positions on WMT so set meaningful strike price to get assigned to cover short positions when possible.
I closed 4 lot(s) $BA 20250530 220.0 CALL$ ,BA: collected premiums in full when these covered calls expired worthless on 30th May. These are a set of bear calls sold on BA with the sell call at $215 and buy call at $220. Both expired worthless so the maximum potential premium collected had been achieved with minimal margins used since max loss had already been determined at $500 per option. $215 resistance mark are respected and stock had inched higher by 2.45% which is above market indices for the week.
I closed 4 lot(s) $BA 20250530 215.0 CALL$ ,BA: collected premiums in full when these covered calls expired worthless on 30th May. These are a set of bear calls sold on BA with the sell call at $215 and buy call at $220. Both expired worthless so the maximum potential premium collected had been achieved with minimal margins used since max loss had already been determined at $500 per option. $215 resistance mark are respected and stock had inched higher by 2.45% which is above market indices for the week.
I closed 25 lot(s) $NIO 20250530 5.0 CALL$ ,NIO: collected premiums in full when these covered calls expired worthless on 30th May. Earnings on 3rd June, but judging the price movement of the past week, guess the results might have already been leaked. Stock remained bearish, and EV market continue to be cut throat with pricing reductions and margin compressions among competitors a routine event. Don't expect NIO to breakeven anytime soon so either to hold or to cut will decide after earnings.
I closed 10 lot(s) $WOLF 20250530 2.5 CALL$ ,WOLF: collected premiums in full when these covered calls expired worthless on 30th May. Wolf price had totally collapsed and won't expect to gain back the capital. Continue to sell covered calls into its oblivion instead of selling through stocks. In the off chance that some positive news arose from the potential bankruptcy, this stock might rise slightly and that might be the better situation to sell than the current fire sell scenario.
I closed 3 lot(s) $SMCI 20250530 45.0 CALL$ ,SMCI: collected premiums in full when these covered calls expired worthless on 30th May. Stick went as high as $$47.8 on 16th May only to just below $40 on Fri 30th May, possibly a sign that the options resistance stays at around $40 for the week. I think stock will drift higher again, so new sold calls had been adjusted upwards or rolled upwards to around $45 as long as premium collection stays attractive. Will decide soon at what price point I want to let them go, but holding average are at $60+ so will still incur significant actualised loss if covered calls expired in the money.
I closed 3 lot(s) $SMCI 20250530 41.0 CALL$ ,SMCI: collected premiums in full when these covered calls expired worthless on 30th May. Stick went as high as $$47.8 on 16th May only to just below $40 on Fri 30th May, possibly a sign that the options resistance stays at around $40 for the week. I think stock will drift higher again, so new sold calls had been adjusted upwards or rolled upwards to around $45 as long as premium collection stays attractive. Will decide soon at what price point I want to let them go, but holding average are at $60+ so will still incur significant actualised loss if covered calls expired in the money.
I closed 1 lot(s) $GDX 20250530 53.0 CALL$ ,GDX: collected premiums in full when these covered calls expired worthless on 30th May. Gold price is down by about 2% for the week so the covered calls were not tested. Happy to collect whatever possible and good to make the right call to trade gold related movements to test trading ideas albeit in smaller trade amount.
I closed 11 lot(s) $WBA 20250530 11.5 CALL$ ,WBA: collected premiums in full when these covered calls expired worthless on 30th May. Don't expect much movement in the price so will continue to collect small amount or premiums through covered calls when possible.
I closed 3.0 unit(s) $SMCI DIAGONAL 250613/250530 CALL 45.0/CALL 40.0$ ,SMCI: collect 0.85% premium on these covered calls with strike at $45. Contract expires in 2 weeks on 13th June. The existing contract with strike at $40 and expiring on 30th May were also rolled out as it looked to close in the money and risk stocks being calls away. Stock went as high as $$47.8 on 16th May only to just below $40 on Fri 30th May, possibly a sign that the options resistance stays at around $40 for the week. I think stock will drift higher again, so these new sold calls had been adjusted upwards or rolled upwards to around $45 as long as premium collection stays attractiv
I opened 3 lot(s) $SMCI 20250627 45.0 CALL$ ,SMCI: collect 3% premium on these covered calls with strike at $45. Contract expires in 4 weeks on 27th June. Stock went as high as $$47.8 on 16th May only to just below $40 on Fri 30th May, possibly a sign that the options resistance stays at around $40 for the week.I think stock will drift higher again, so these new sold calls had been adjusted upwards or rolled upwards to around $45 as long as premium collection stays attractive. Will decide soon at what price point I want to let them go, but holding average are at $60+ so will still incur significant actualised loss if covered calls expired in the money.
I opened 3 lot(s) $SMCI 20250620 45.0 CALL$ ,SMCI: collect 2.15% premium on these covered calls with strike at $45. Contract expires in 3 weeks on 20th June. Stock went as high as $$47.8 on 16th May only to just below $40 on Fri 30th May, possibly a sign that the options resistance stays at around $40 for the week. I think stock will drift higher again, so these new sold calls had been adjusted upwards or rolled upwards to around $45 as long as premium collection stays attractive. Will decide soon at what price point I want to let them go, but holding average are at $60+ so will still incur significant actualised loss if covered calls expired in the money.
I closed 3 lot(s) $SMCI 20250530 45.0 CALL$ ,SMCI: collected premiums in full when these covered calls expired worthless on 30th May. Stick went as high as $$47.8 on 16th May only to just below $40 on Fri 30th May, possibly a sign that the options resistance stays at around $40 for the week. I think stock will drift higher again, so new sold calls had been adjusted upwards or rolled upwards to around $45 as long as premium collection stays attractive. Will decide soon at what price point I want to let them go, but holding average are at $60+ so will still incur significant actualised loss if covered calls expired in the money.
I closed 3 lot(s) $SMCI 20250530 41.0 CALL$ ,SMCI: collected premiums in full when these covered calls expired worthless on 30th May. Stick went as high as $$47.8 on 16th May only to just below $40 on Fri 30th May, possibly a sign that the options resistance stays at around $40 for the week. I think stock will drift higher again, so new sold calls had been adjusted upwards or rolled upwards to around $45 as long as premium collection stays attractive. Will decide soon at what price point I want to let them go, but holding average are at $60+ so will still incur significant actualised loss if covered calls expired in the money.
I closed 4 lot(s) $BA 20250530 220.0 CALL$ ,BA: collected premiums in full when these covered calls expired worthless on 30th May. These are a set of bear calls sold on BA with the sell call at $215 and buy call at $220. Both expired worthless so the maximum potential premium collected had been achieved with minimal margins used since max loss had already been determined at $500 per option. $215 resistance mark are respected and stock had inched higher by 2.45% which is above market indices for the week.
I closed 1 lot(s) $NFLX 20250530 1200.0 CALL$ ,NFLX: take 85% profit on this Netflix trade instead of usually waiting till expiry. Fri 30th was a bearish day but Netflix continue it drift higher toward end of day risking hitting the strike of $1200 and closed in the money. True enough NFLX closed at $1207 and I would had been assigned and sold short. Decided to remove the risk by taking profit and that proved to be the right decision after all on hindsight.
I closed 4 lot(s) $BA 20250530 215.0 CALL$ ,BA: collected premiums in full when these covered calls expired worthless on 30th May. These are a set of bear calls sold on BA with the sell call at $215 and buy call at $220. Both expired worthless so the maximum potential premium collected had been achieved with minimal margins used since max loss had already been determined at $500 per option. $215 resistance mark are respected and stock had inched higher by 2.45% which is above market indices for the week.
I closed 1 lot(s) $WMT 20250530 80.0 PUT$ ,WMT: collected premiums in full when the cash secured put options we're held into expiry on 30th May. Good support level at $80 based off 7th April low and never tested. Price movement largely range bound and consolidating. Might consider new trades in coming week. Hold overall short positions on WMT so set meaningful strike price to get assigned to cover short positions when possible.
I closed 10 lot(s) $WOLF 20250530 2.5 CALL$ ,WOLF: collected premiums in full when these covered calls expired worthless on 30th May. Wolf price had totally collapsed and won't expect to gain back the capital. Continue to sell covered calls into its oblivion instead of selling through stocks. In the off chance that some positive news arose from the potential bankruptcy, this stock might rise slightly and that might be the better situation to sell than the current fire sell scenario.
I closed 25 lot(s) $NIO 20250530 5.0 CALL$ ,NIO: collected premiums in full when these covered calls expired worthless on 30th May. Earnings on 3rd June, but judging the price movement of the past week, guess the results might have already been leaked. Stock remained bearish, and EV market continue to be cut throat with pricing reductions and margin compressions among competitors a routine event. Don't expect NIO to breakeven anytime soon so either to hold or to cut will decide after earnings.
I closed 1.0 unit(s) $GDX CALENDAR 250606/250530 PUT 49.0/PUT 49.0$ ,GDX: Collect 0.8% premium on GDX with new cash secured put with strike at $49. Contract expires this week on 6th June. At the same time also closed the expiring 30th May contract in this trade to remove excess risk. Gold price was down by about 2% for the week so the lower strike of $49 is better choice then $50.
I closed 3 lot(s) $VXX 20250530 50.0 PUT$ ,VXX: collected premiums in full when the cash secured put options we're held into expiry on 30th May.As volatility continue to be lower after the initial spike in April, sold some of these lower strike puts to collect premium while also seeking chance to reenter long positions as lower strike levels.
I closed 1 lot(s) $GDX 20250530 53.0 CALL$ ,GDX: collected premiums in full when these covered calls expired worthless on 30th May. Gold price is down by about 2% for the week so the covered calls were not tested. Happy to collect whatever possible and good to make the right call to trade gold related movements to test trading ideas albeit in smaller trade amount.
I closed 11 lot(s) $WBA 20250530 11.5 CALL$ ,WBA: collected premiums in full when these covered calls expired worthless on 30th May. Don't expect much movement in the price so will continue to collect small amount or premiums through covered calls when possible.