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I closed 3 lot(s) $SMCI 20250502 45.0 CALL$ ,SMCI: collected full premium from these covered calls with strike at $45 when they expires worthless on 2nd May. SMCI had came down quite sharply on 30th April when it disclosed ahead of time of missing revenue and earning targets significantly and had revised down its numbers. Actual earnings will be released on 6th May so we'll see how bad the situation is. Since this one expired worthless, had already replaced with fresh covered calls but with lower strike of around $40 to $43. Lower strike to reflect the lower current price while still trying to maintain sufficient amount of options premium to make it worth.
I closed 1 lot(s) $META 20250502 470.0 PUT$ ,META: collected full premium for this cash secured put with strike at $470 when it expired on 2nd May. Meta went as low as $479.8 on 21st April and that was about as close as it gets to the strike point before sharply rebounded to close at $597 now. That was a good 24% run in 2 weeks after earnings on 30th April beats consensus greatly. Happy to be able to continue collecting premiums alongside a market that have been bullish bias lately.
I opened 4 lot(s) $MARA 20250509 13.0 PUT$ ,Sold fresh puts on MARA to replace those expiring on Fri. Short duration to expire on 9th May and premium is still above 1% each. Continue to be nimble and capture whatever I could in volatile market while monitoring my margins.
I closed 1 lot(s) $CLSK 20250502 9.5 CALL$ ,Still resisted at around 9.25 and didn't go higher this whole week. Glad to be able to collect premium in full and also allow chance to sell new calls at higher levels.
I closed 10 lot(s) $SOFI 20250502 15.0 CALL$ ,SoFI: collected full premium from these covered calls with strike at both $15 and $16.5 when they expired worthless on 2nd May. SoFI shows some signs of recovery when it went up to as high as $14.5 only to sell off after earnings despite earning beats. I viewed it as positive as it allows the sold calls to expire worthless and I can continue to sell fresh ones at higher strike at collect another round of premiums. Slow and gradual increase on SoFI is my preferred outcome since the underlying stocks will also continue to gain in value. Looking to sell fresh ones to replace these expired trades.
I closed 5 lot(s) $SOFI 20250502 16.5 CALL$ ,SoFI: collected full premium from these covered calls with strike at both $15 and $16.5 when they expired worthless on 2nd May. SoFI shows some signs of recovery when it went up to as high as $14.5 only to sell off after earnings despite earning beats. I viewed it as positive as it allows the sold calls to expire worthless and I can continue to sell fresh ones at higher strike at collect another round of premiums. Slow and gradual increase on SoFI is my preferred outcome since the underlying stocks will also continue to gain in value. Looking to sell fresh ones to replace these expired trades.