$GLD VERTICAL 251231 PUT 370.0/PUT 375.0$ Closing position with 19 days left from expiration at 85% profit. Recycling capital to get richer premium since market is down today.
$QQQ VERTICAL 260116 PUT 615.0/PUT 610.0$ Sold QQQ bull put spread during this dip. Expected dip after Fed meeting. Using the premium to buy QQQM 😀. This will be double sided profit in the long run.
$CRDO VERTICAL 260109 PUT 155.0/PUT 160.0$ Taking a risk here for the rich premium. Fundamentally CRDO has tremendous growth rate both in revenue and profit and supported gap up in all their earning calls. Price is reaching 20 EMA and expecting support in that area. I have 30 days to let the price consolidate, while theta will still bring profit to my pocket.
$JPM VERTICAL 260116 PUT 290.0/PUT 295.0$ Price drop over 4% yesterday after JPM shared their higher forecast for their expenditures. I think market over reacted so when I saw price bouncing back to $300 lever I entered a credit spread. I feel price will still rise as it approach earnings. I will still profit as long as price stay above $295 by expiration date.
$PLTR VERTICAL 260109 PUT 170.0/PUT 165.0$ PLTR one of the strong names that move up After the November self off. Resting last night and took advantage to sell credit spread to allow me to profit while it consolidates/move higher.
$Amazon.com(AMZN)$ Adding long term position, AMZN still below its fair value and yet to advance after the November sell-off. With shopping season around the corner, AMZN may be next to move higher. Deploying premiums received from prior trades.
$Invesco NASDAQ 100 ETF(QQQM)$ Took opportunity to add more shares during index weakness last night. Still below the previous high, more to go with the Santa rally, interest rate cut and big tech recovering. Bullish long term.
$TSLA VERTICAL 260109 PUT 400.0/PUT 405.0$ Taking advantage of the short dip and take advantage of richer premium. TSLA had significant run last, this chopping is normal. $405 is at .27 delta suggesting probability of winning by 73%. Not bad. Likely to sit and collect profit.
$CRDO VERTICAL 260109 PUT 150.0/PUT 155.0$ CRDO has been reporting impressive earning results for the past quarters. Just this month's earning call, price shoot up above $200 from $175. Rettacement this Friday is an opportunity for me to get back to this stock and continue the ride up anto profitability.
$TSM VERTICAL 260102 PUT 285.0/PUT 280.0$ TSM has been consolidating and tightening in its 50 sma and short term EMA cluster. Looks like about to breakout. Plus it will be reporting its earning on January 15. Stock usually goes as it nears its earning call date. This is also very solid stock, whoever chip company wins, TSM will win because it has the monopoly.
$GOOGL VERTICAL 260109 PUT 300.0/PUT 295.0$ GOOGL drop during open and started to bounce back. I believed stock not yet done with its climb. Placed short put at 20 EMA/SMA area as I see its a consistent strong support.
$META VERTICAL 251219 PUT 595.0/PUT 600.0$ Booked 83% profit after META surged 6% during open and with 15 days left before expiration. Will deploy capital on stocks that have better premium.
$Microsoft(MSFT)$ Adding MSFT position while it's still at a discount. Strong fundamental, at the forefront of AI and still growing and currently on sale, what can you ask for :-)