To The Moon

Attended tiger's event yesterday and had some discussion with some of the attendees of the event.  Decided to do some sharing on what I understand so far about options. It isn't much, but hope that it helps. 1. Do understand that options is a derivative.  As above, options is a derivative product. Understanding the base matters.  If it's a stock, take note of how the stock behaves, the earnings period, dividend period, impact to company etc.  if it's a etf, what forms the etf, how the etf moves, any dividends.  The pros and cons of options is that wins and losses are magnified. If the base assumption is wrong, options will backfire spectacularly, regardless of buy or sell options.  2. Do understand how options works. Options is not a get rich quick scheme. It'

Option gambling dairies: 2 I am a degenerate gambler that got bailed out by Powell, ratio was down -60% initially today and I still didn't put in a hard stop loss in the red on the decline. I only put a stop loss when it's in the green to secure profit🤦.  (Played QQQ puts for context) A lot of hoping and praying was involved and I had no conviction that the market will trend down ultimately today despite the general news on the market.  I let an option go from 0.7 to 0.18 despite holding a small portfolio. Resulting in a deficit of -600$. It took Powell and last ditch gamble to turn it back to a positive 600.  Panick and anxiety is a sign of being over leveraged and gambling out of my comfort zone. One does not have to buy 10 contracts right off the bat based on ju

thanks for sharing

xf

ok

I had picked up AMD PUT 134 basis 06/09 hoping for some stability. AMD was at 139 when I bought it 3 days before expiry However on expiry day the stock plummeted below my strike price. Knowing I will have to sell off to prevent assignment, I bought another put at a high price and thus averaged out te price . First put was at 1.22 and the second at 7.0, thus reduced losses As I sold at 5.30.  This strategy was new to me but I am sure experienced options players know it. Also I had another put taken at 130 but luckily that held, for the same day. That was 0 day just to reduce losses and was taken at 0.1 USD.

$JOYY Inc.(YY)$ when you dumb dumbs talk about cash on hand as if that means anything just look at YY. It had $4 billion on hand, it’s more like 3.2-3.5 billion now and market cap is 1.2 billion. In China Cash on hand is either a fake number, can’t be used due to currency controls, isn’t invested back in the company because the company leaders China aren’t smart capitalists like American CEOs/billionaires they have no idea what to do with cash, they feel no duty to buy back stock or give out dividends that are worth 3x market cap. YY could give out $90 per share right now. They won’t. They also won’t grow or invest that money. They won’t even put the money into bonds for 5% growth. The money does nothing at all.

$SE 20240816 80.0 CALL$ you win some, you lose some. I'll tell you what happened, I have broken the rule I've sworn I would've never broken again, namely following pump and dump internet ideas. There was no volume here, no reason to enter the trade but I did. I let this purposely go to $0 to finally learn this lesson. Hope this will help anyone out there too, this is the proof you can only trust YOUR skills and judgement. Educate yourself. I'm so upset, however, I can only learn from this as it's MY fault. Still up 20% this week despite this blow.

$NVIDIA Corp(NVDA)$ 🚀💥 $110: The Magic Number for NVDA! 💥🚀 Kia ora Tiger traders, Fasten your seatbelts because NVDA is zooming towards my $110 target I predicted, faster than a cheetah on caffeine! 🎯🐆 We’ve hit $110.34 in overnight trading, so get those wallets ready to snag some sweet NVDA action. Now, let’s talk about my little friend, the $110 PUT option. I just hope it doesn’t dive below $110, or it’ll be like watching a slow-motion train wreck in my portfolio. 🚂💥 But hey, nothing like a bit of adrenaline to spice up our trading day, right? Why $110 is the Place to Be: 1. Support Level Delight: $110 is a solid support level, making it a prime buy spot. 2. Resistance Rebound: With resistance levels above $115, there’s plenty of room for a pr

$Tesla Motors(TSLA)$  🤑🌝📈🚀 Tesla Profits: Beyond the Moon! 🚀🌕🤑💫 Kia ora Tiger traders! 🥁🍗 Grand Total: Drumroll Please... 🍗🥁 $137.32 🇺🇸 / NZD🇳🇿$234 💰💸🤑 PROFIT IN ABOUT ONE HOUR! 💰💸🤑 Hey Tiger Traders, hold onto your seats because Barcode just landed on Planet Profit with a stellar $137.32 from Tesla options! And guess what? This all happened in just about one hour at the beginning of the open market! Talk about electrifying gains! ⚡🚗 Highlights: - It's a Tesla rollercoaster, and we're loving every twist and turn! - Elon Musk's expressions? Priceless! 😲😅 From 'Oops!' to 'We're soaring!' – he's got us on the edge of our seats. Fun Fact: Did you know? If you laid out all Barcode's Tesla profits end to end, they'd stretch from Auckland to Mars! O

Overview On 5 July 2024, I sold one covered call contract for Walgreens Boots Alliance (WBA) $Walgreens Boots Alliance(WBA)$  stock with a maturity date of 12 July 2024 and a strike price of $10.50. I collected an option premium of $58 per contract. Subsequently, on 8 July 2024, I decided to roll over the contract to a new maturity date of 26 July 2024, collecting an additional premium of $15 when WBA stock price fell to $10.83. Initial Covered Call Strategy The initial covered call strategy was implemented with the aim of generating income from the WBA stock, which I already owned. By selling a call option with a strike price of $10.50, I anticipated the stock might not surpass this level by the maturity date, allowing me to retain the premiu

Overview On July 5, 2024, I sold a covered call contract for Walgreens Boots Alliance (WBA) $Walgreens Boots Alliance(WBA)$   stock with a strike price of $10.50 and a maturity date of July 12, 2024. This strategy allowed me to collect a premium of $58 per contract, providing an immediate return on my investment. This reflection examines the performance and implications of this option strategy in light of Walgreens’ current business challenges and market conditions. Walgreens' Business Context Walgreens is currently experimenting with a value-based care model through its VillageMD partnership. This model aims to keep patients healthy by providing a fixed fee per patient, incentivizing preventive care over hospitalization. While this appro

Tip to option trading  1) if you can get 50 percent profit in 3 days of trading, close it 2) it is not about how much you want to make. It is better to get 5 percent profit with 95 percent probability then to get 50 percent profit with lower probability  3) risk management is important in option trading. Don't ever do nake option. It is better to make lesser then to lose money. Never risk 1 percent of your capital in 1 counter 4) You can find the day high within first few hours then queue for that day high (sell call) to sell vertical and go to sleep. Or use the option calculator to help you estimate how much option should cost 5) buy option when iv is low and sell option when iv is high. You realised even if stock doesn't move, but you sell during high iv, you will make a very g

On June 14, 2024, I made a critical adjustment to my Walgreens Boots Alliance (WBA) $Walgreens Boots Alliance(WBA)$  option portfolio in response to a significant drop in the stock price, which fell to $15.30. This decline positioned the stock below the strike prices of my sold put options. To address this unfavorable situation, I decided to buy back two sets of sold put options and establish a new position with a lower strike price. Here’s an analysis of the strategy employed and its implications. Overview of Adjustments Buying Back Sold Put Options: Put with $20 Strike Price, Maturing on June 21, 2024: I bought back this sold put option, incurring a cost of $314 per contract. This position was significantly deep in-the-money, and buying it b

I was searching through Google & happen to see this.. Someone actually asked whether Theta gets affected after the weekend.. And there was this nice reply with a diagram to show an example & that's so helpful!  So the answer is "yes, Theta is paid over the weekend". Those who buy options & worrying time decay etc. like me over weekends/public holidays, hope this puts your mind at ease..  

$Meta Platforms, Inc.(META)$ - I sold META puts a couple days ago. Although I believe META can rebound in the future, the capital used to take on those put positions will likely be tied up for at least 3 months. As someone who tries to unite theory and practice, I didn't really feel like talking much tonight and wanted to remain quiet.Despite lacking energy, I still need to maintain daily observations. An interesting question arises - after an earnings release, will market makers start killing off option positions?Call options will undoubtedly get crushed. For META's put options this week, the 450, 470, 440, 400, 480 strikes have the highest open interest. Looking at the intraday movements, although market makers can't control everything, they sti

$NVIDIA Corp(NVDA)$ failed to withstand the squeeze pressure and plunged towards $800. The overall market had a significant number of options expiring on April 19th, with a heavy tilt towards puts, creating a resonance effect. As my friend said, it seems like we have an "option expiration day" every month now.Despite our thorough analysis this week, our optimism was a bit excessive. However, the silver lining is that after experiencing this minor squeeze, we'll be more cautious when we encounter similar option expiration setups in the future.Although NVIDIA's stock price took a substantial hit, there's some good news. After this Friday, the massive number of put options expiring on April 19th will be cleared, leading to a cliff-like decrease in NV

not selling puts at support... then stock fall further and you miss out on either higher premiums or hit strike price.  be patient, and wait. when there's no trade set up, don't trade

I have spent over six months getting an understanding of options, very much still a novice. but lastweek made the plunge from demo to real. Puts, no thanks you can loose your shirt. I'm just into long calls like 2026 calls. And just stocks I really understand. Obviously im not here to give advice, just getting an understanding, acting on it in a very small way and seeing how it goes

This is tough, I don't understand it 

Attended tiger's event yesterday and had some discussion with some of the attendees of the event.  Decided to do some sharing on what I understand so far about options. It isn't much, but hope that it helps. 1. Do understand that options is a derivative.  As above, options is a derivative product. Understanding the base matters.  If it's a stock, take note of how the stock behaves, the earnings period, dividend period, impact to company etc.  if it's a etf, what forms the etf, how the etf moves, any dividends.  The pros and cons of options is that wins and losses are magnified. If the base assumption is wrong, options will backfire spectacularly, regardless of buy or sell options.  2. Do understand how options works. Options is not a get rich quick scheme. It'

Option gambling dairies: 2 I am a degenerate gambler that got bailed out by Powell, ratio was down -60% initially today and I still didn't put in a hard stop loss in the red on the decline. I only put a stop loss when it's in the green to secure profit🤦.  (Played QQQ puts for context) A lot of hoping and praying was involved and I had no conviction that the market will trend down ultimately today despite the general news on the market.  I let an option go from 0.7 to 0.18 despite holding a small portfolio. Resulting in a deficit of -600$. It took Powell and last ditch gamble to turn it back to a positive 600.  Panick and anxiety is a sign of being over leveraged and gambling out of my comfort zone. One does not have to buy 10 contracts right off the bat based on ju

thanks for sharing

xf

ok

Overview On 5 July 2024, I sold one covered call contract for Walgreens Boots Alliance (WBA) $Walgreens Boots Alliance(WBA)$  stock with a maturity date of 12 July 2024 and a strike price of $10.50. I collected an option premium of $58 per contract. Subsequently, on 8 July 2024, I decided to roll over the contract to a new maturity date of 26 July 2024, collecting an additional premium of $15 when WBA stock price fell to $10.83. Initial Covered Call Strategy The initial covered call strategy was implemented with the aim of generating income from the WBA stock, which I already owned. By selling a call option with a strike price of $10.50, I anticipated the stock might not surpass this level by the maturity date, allowing me to retain the premiu

$JOYY Inc.(YY)$ when you dumb dumbs talk about cash on hand as if that means anything just look at YY. It had $4 billion on hand, it’s more like 3.2-3.5 billion now and market cap is 1.2 billion. In China Cash on hand is either a fake number, can’t be used due to currency controls, isn’t invested back in the company because the company leaders China aren’t smart capitalists like American CEOs/billionaires they have no idea what to do with cash, they feel no duty to buy back stock or give out dividends that are worth 3x market cap. YY could give out $90 per share right now. They won’t. They also won’t grow or invest that money. They won’t even put the money into bonds for 5% growth. The money does nothing at all.

I had picked up AMD PUT 134 basis 06/09 hoping for some stability. AMD was at 139 when I bought it 3 days before expiry However on expiry day the stock plummeted below my strike price. Knowing I will have to sell off to prevent assignment, I bought another put at a high price and thus averaged out te price . First put was at 1.22 and the second at 7.0, thus reduced losses As I sold at 5.30.  This strategy was new to me but I am sure experienced options players know it. Also I had another put taken at 130 but luckily that held, for the same day. That was 0 day just to reduce losses and was taken at 0.1 USD.

$Tesla Motors(TSLA)$  🤑🌝📈🚀 Tesla Profits: Beyond the Moon! 🚀🌕🤑💫 Kia ora Tiger traders! 🥁🍗 Grand Total: Drumroll Please... 🍗🥁 $137.32 🇺🇸 / NZD🇳🇿$234 💰💸🤑 PROFIT IN ABOUT ONE HOUR! 💰💸🤑 Hey Tiger Traders, hold onto your seats because Barcode just landed on Planet Profit with a stellar $137.32 from Tesla options! And guess what? This all happened in just about one hour at the beginning of the open market! Talk about electrifying gains! ⚡🚗 Highlights: - It's a Tesla rollercoaster, and we're loving every twist and turn! - Elon Musk's expressions? Priceless! 😲😅 From 'Oops!' to 'We're soaring!' – he's got us on the edge of our seats. Fun Fact: Did you know? If you laid out all Barcode's Tesla profits end to end, they'd stretch from Auckland to Mars! O

On June 14, 2024, I made a critical adjustment to my Walgreens Boots Alliance (WBA) $Walgreens Boots Alliance(WBA)$  option portfolio in response to a significant drop in the stock price, which fell to $15.30. This decline positioned the stock below the strike prices of my sold put options. To address this unfavorable situation, I decided to buy back two sets of sold put options and establish a new position with a lower strike price. Here’s an analysis of the strategy employed and its implications. Overview of Adjustments Buying Back Sold Put Options: Put with $20 Strike Price, Maturing on June 21, 2024: I bought back this sold put option, incurring a cost of $314 per contract. This position was significantly deep in-the-money, and buying it b

$NVIDIA Corp(NVDA)$ 🚀💥 $110: The Magic Number for NVDA! 💥🚀 Kia ora Tiger traders, Fasten your seatbelts because NVDA is zooming towards my $110 target I predicted, faster than a cheetah on caffeine! 🎯🐆 We’ve hit $110.34 in overnight trading, so get those wallets ready to snag some sweet NVDA action. Now, let’s talk about my little friend, the $110 PUT option. I just hope it doesn’t dive below $110, or it’ll be like watching a slow-motion train wreck in my portfolio. 🚂💥 But hey, nothing like a bit of adrenaline to spice up our trading day, right? Why $110 is the Place to Be: 1. Support Level Delight: $110 is a solid support level, making it a prime buy spot. 2. Resistance Rebound: With resistance levels above $115, there’s plenty of room for a pr

Overview On July 5, 2024, I sold a covered call contract for Walgreens Boots Alliance (WBA) $Walgreens Boots Alliance(WBA)$   stock with a strike price of $10.50 and a maturity date of July 12, 2024. This strategy allowed me to collect a premium of $58 per contract, providing an immediate return on my investment. This reflection examines the performance and implications of this option strategy in light of Walgreens’ current business challenges and market conditions. Walgreens' Business Context Walgreens is currently experimenting with a value-based care model through its VillageMD partnership. This model aims to keep patients healthy by providing a fixed fee per patient, incentivizing preventive care over hospitalization. While this appro

$SE 20240816 80.0 CALL$ you win some, you lose some. I'll tell you what happened, I have broken the rule I've sworn I would've never broken again, namely following pump and dump internet ideas. There was no volume here, no reason to enter the trade but I did. I let this purposely go to $0 to finally learn this lesson. Hope this will help anyone out there too, this is the proof you can only trust YOUR skills and judgement. Educate yourself. I'm so upset, however, I can only learn from this as it's MY fault. Still up 20% this week despite this blow.

Tip to option trading  1) if you can get 50 percent profit in 3 days of trading, close it 2) it is not about how much you want to make. It is better to get 5 percent profit with 95 percent probability then to get 50 percent profit with lower probability  3) risk management is important in option trading. Don't ever do nake option. It is better to make lesser then to lose money. Never risk 1 percent of your capital in 1 counter 4) You can find the day high within first few hours then queue for that day high (sell call) to sell vertical and go to sleep. Or use the option calculator to help you estimate how much option should cost 5) buy option when iv is low and sell option when iv is high. You realised even if stock doesn't move, but you sell during high iv, you will make a very g