I have always believed that options trading carries a unique psychological pull, but selling options for income introduces a whole different level of addiction. When I first started writing Cash-Secured Puts (CSPs) and Covered Calls (CCs), the goal was straightforward: generate steady yield. Over time, however, this strategy evolved from a side activity into my primary source of revenue, consistently delivering predictable cash flow month after month. The real allure lies in how the process transforms from a conscious effort into pure muscle memory. In the beginning, evaluating strike prices and scanning charts requires intense focus. But as time goes on, reading technical indicators becomes second nature. Technical analysis becomes an essential tool, enabling me to take calculated risks a
$ASML 20270115 1800.0 CALL$ ASML has been on a tear the past 2 weeks now. Holding a couple of calls that became negative before this upward trend. While some are recovering This turns back to be profitable, while the MACD histogram still looking bullish on daily candle, decided to take profit nonetheless. As these older contracts can turn negative real fast once trend reverses back lower.
$ASML 20270115 1740.0 CALL$ Opened this call position last Friday, was expecting ASML to go back higher after its drop that hits a support level. While it did bounce off the support but the share price didn't head back much higher, this decided to hang on to the contract. Today ASML got a bump from UBS and the share price trended strongly despite the weakness in the Tech sector. While think I have close out a tad too early, nonetheless an happy with the outcome and profits. Need ASML to push back up above 1800 to show signs of recovery in the price action.
$Meta Platforms, Inc.(META)$ am long term bullish with META, but bearish with the price action for this next coming week or 2. Purely because the share price has risen parabolically, it has risen over 43% under 6 weeks. These moves usually don't sustain very well in a volatile market. Now with the price starts to retretreat, am selling cover call option to make some side income while waiting for the price action to stabilize and hopefully to gain traction again soon.
$ASML 20270115 1700.0 CALL$ Sharing this option trade from last week for coins. A quick in out trade in about an hour base on technical support and resistance. One many not have caught the absolute lowest or highest point, and depending on liquidity if the option dands move in big volume. With ASML the date I traded has rather thin volume, so usually will have to buy in at higher value and sell to close at a lower value. Regardless a win is a win. every small profit counts and added on to one's base for more future trades.
$ASML 20260925 1850.0 CALL$ This short call strike was about 10% higher than its trending price when it was opened about a week ago. It is part of a diagonal spread as am holding some long call positions. I don't see ASML to have any sudden surge unless there's new catalyst. The share price now is hovering just at the resistance and support level where the price was staying above back in June-July where the share hit a new high before its last earnings. MU's earning could be a catalyst to move the share price otherwise we'll have to wait 2 more weeks when ASML report its next earnings.
$ASML 20270115 1700.0 CALL$ Another positive trade with ASML trading base on minute and daily candle, 50EMA on daily Candle act as a good support and sell strike at possible near by resistance. Small profit, helps to reduce my current deficit on other ASML's trade.
$ASML 20270115 1700.0 CALL$ Haven't done a quick in out trade with ASML for a while. ASML have been on a rise for the pass 1.5 weeks. With some of my losing positions now crawling back to be in a better position gave me the courage to open new trades. Happen to see today's action looks to be a text book play with the share price bouncing off the 50EMA on daily candle. Decided to close as it approach a possible resistance which was what the price action fail to reach earlier session. Happy to take a small profit.
$ASML 20261002 1950.0 CALL$ I have some call contracts that are not in favorable position as the share price headed down lower after opening them. While waiting for the possibility of the share to recover, am turning these long call options into Diagonal Spread by selling a short dated call with higher strike to help cover some cost of these contracts. This strategy also commonly known as Poor Man's cover call.
$TSLA 20261002 420.0 CALL$ Been selling Covered call against my lot of TSLA since taken assignment some 2 months back. The share price been climbing back up steadily, setting strike base on the upper channel where the share price has been respecting within.