I am not convinced to lock my cash on any positions now. I see more downside. And dead cat bounces. What if I miss the boat? Yes, that is perfectly fine. I will pass FOMO. Anyway I am an option writer. I make 90% of money using options. So, I don't care about long term or DCA. I thrive in bull option markets, so yeah, looking forward to it. Typically, 5-10% monthly returns in a bearish market, and 10-20% in bullish. However, I will open positions on $NVIDIA(NVDA)$ $CyberArk(CYBR)$$Tesla Motors(TSLA)$ if they go below 85, 290, 200 respectively.
@Ruw:Markets are down, yet I have a profit. Thanks to short calls and long puts. it seems we are going further down while ping-ponging. I expect PLTR to go down to 78 and NVDA to 80. We'll see. I have some more protective puts in place, but won't liquidate them. I am using those as the insurance policy to recover my capital. If there is a 20% down crash, for example, then they will expire ITM and will get sold at the strike price. As my strike price is pretty close to the cost basis, I will be able to recover 97% of my capital. Also, I have written Covered Calls on them at the high point, which means If the price is 20% down after a few weeks, I can buy those contracts back 50-70% cheaper. So, the worst case is me losing about 2% or even making premium profit in most cases.&nb
Every single thing is working perfectly as I have planned. Good riddance folks. Looking forward to make some more money. 20k (50k extra liquidity) locked and loaded for discounts. Let's go. Sell more, sell more, sell more... let's take this baby down town by 10 more percent. π πΈπ€
Markets are down, yet I have a profit. Thanks to short calls and long puts. it seems we are going further down while ping-ponging. I expect PLTR to go down to 78 and NVDA to 80. We'll see. I have some more protective puts in place, but won't liquidate them. I am using those as the insurance policy to recover my capital. If there is a 20% down crash, for example, then they will expire ITM and will get sold at the strike price. As my strike price is pretty close to the cost basis, I will be able to recover 97% of my capital. Also, I have written Covered Calls on them at the high point, which means If the price is 20% down after a few weeks, I can buy those contracts back 50-70% cheaper. So, the worst case is me losing about 2% or even making premium profit in most cases.&nb
$PLTR 20250404 80.0 PUT$$Palantir Technologies Inc.(PLTR)$ Just made AUD 1200 in 24 hours. lol. I was ready for this dump. Sold calls at the high point two days back and got protective puts a bit lower for a discounted price. Worked out pretty well.
I finally tallied my P&L and found out that I had made A$ 45,000+ from options just in 5 months. Which was a great feat averaging 10% per month. I kind of made a mistake buying some shares FOMO early on and lost about 20k. Still 25k net gain is not too bad. I have learned my lesson never to repeat it again. I am glad about that. Making mistakes early on is better than losing 200k later. Thas taught me about the importance of risk management. I am super excited about the future.
I have made AUD 9000+ this month with both long and short options. I have traded PLTR, SOFI, NVDL, INTC, RKLB, AST and Z. A tough month, but not too bad using a under 100k portfolio. My best month was last NOV which I made 20%+ π°ππ€
It seems a short squeeze is happening with $Tesla Motors(TSLA)$ More buyers are buying with an increasing volume. And bears are losing money left right and centre. And MSM are working overtime to push more negative headlines about tesla. For example, Nvidia dropped 2% and no mention about that, but Telsa dropped 1% pre market and there is the headline saying "Tesla dropped 1% losing all the gains" π and finished 3% up.
1 minute silence for all the weak hands who sold at a loss, and bears who had long put options. RIP. And thank you for your generous donation to my profit. I should have put another 50k.