There appears to be a pivot away from stocks in the SAAS sector which used to trade at very high multiples due to expectations of strong growth to more moderate growth, and MSFT appears to be a casualty of that. AI is here to stay but whether users will pay enough to cover the investment costs are a key unknown, especially when depreciation or AI hardware depreciates more rapidly than expected.
$UnitedHealth(UNH)$ I was assigned the share and I decided to sell the share and roll over the put for another month as I believe the correction may have a little to go.
$MET.HK 20250929 120.00 PUT$ The intense competition is definitely hurting Meituan but in my view, this large fall may be a good buying opportunity if China transits into a consumption based economy
$GLI.HK 20250828 35.00 CALL$ Selling a call here to get some pocket money as the stock has gone up pretty fast. Do not mind being called away as I have accumulated more of this at a lower price.
$BABA 20250815 135.0 CALL$ Baba has been volatile lately. Sold a put on 9988 in the HK market just a few weeks ago and it looks like it will expire worthless and now the call in the US market was sold. I am ok if it gets exercise because I am planning to move my Baba holdings to the HK market gradually