$Alibaba(BABA)$ 1️⃣ Why am I making this trade now? Sold the shares assigned early from the $135 put. Sold another new deep in the money put at the same strike expiring in dec. 2️⃣ What’s my plan from here? To continue holding the deep in the money put to wait for the share price to rebound. Baba share price continues to be way below the average analyst price target. The downside risk seems to be less than the upside reward. Waiting to see if the support level holds this time or not.
$UNH 20261002 350.0 PUT$ 1️⃣ Why am I making this trade now? Sold a cash secured put for UNH expiring this fri as stock price pull back to the 200day EMA support level. Looking to capture some options premium during this pullback. Choose a strike proce just at the 1 standard deviation IV move. 2️⃣ What’s my plan from here? Will look for opportunities to sell another put before earnings if premiums remains elevated and stock price remain close to the 200 day zone. If there is further dump before earnings, may also consider to sell a put into earnings if thereward to risk looks good.
$GLD 20261002 365.0 PUT$ 1️⃣ Why am I making this trade now? Sold a cash secured put for GLD expiring this fri to capitalize on the volatility spike during yesterday dump. Chosen a strike further than the 1 standard deviation away and below recent swing lows. 2️⃣ What’s my plan from here? To continue to look for opportunities to sell puts and collect premiums during extreme moves. Gld also provides some diversification from other tech stocks related play. Will watch for opportunities in SLV as well since both gold and silver usually trade in similar directions.
$NOW DIAGONAL 260925/261002 PUT 140.0/PUT 137.0$ 1️⃣ Why am I making this trade now? Rolled down my Cash secured put for servicenow from $140 to $137 to buy some more time for the share price to recover. Collected another $70 of premium for the 1 week rolling order. 2️⃣ What’s my plan from here? Software shares are taking a hit this week. May need to continue rolling the put if share price dont recover by this fri expiry. Nonetheless are still bullish on the software sector and is also adding more shares of servicenow on the dip. Long term investment holding.