This article is about a trade I entered on UNH which made about 96% ROI in 21 days. On 27th Dec, Friday, UNH chart catches my attention. I assessed the chart and took the outlook that price should go up from the current levels before earning announcement on 16 Jan 2025, based on the following considerations: Price had been oversold for the past few weeks and looks like found its bottom around $476.43. There is no major change to UNH business and the current price of $509 seems to be undervalue. Technical analysis of the UNH chart. So, I decided to opened a Bull Call Spread of strike price $515/$525, DTE: 17 Jan 2025 (during the earning announcement week). The trade cost me $820 for 2 contracts. I was thinking of ways to reduce this cost. And I wondered, should I opened a Cash Secured put,

$KWEB 20250703 35.0 CALL$ This is part of the wheel strategy - covered call. I have 100 shares of KWEB at price $35. I have opened this trade to collect some premium for about 1% per week.

$AMZN VERTICAL 250725 PUT 190.0/PUT 195.0$ More than 50% of the premium has been collected in a few days. Hence, I have decided to close this trade to remove any risk of the trade turning into lost.

$VRT VERTICAL 240719 PUT 72.5/PUT 77.5$ From the weekly chart, price seems to retrace down and currently moving side way. In the option chain, strike price of $77.2 looks attractive. Hence, had opened this trade.

$AMZN CUSTOM 240621 CALL 150.0/CALL 167.5$ Weekly chart shows an overall up trend. The price action seems to be forming a continuation in the up trend. In the daily chart, a bullish pin had been form at the 20MA in the past few days. This seems to give a potential of price moving up from here. However, I have noted that the stochastic for both weekly and daily is near the oversold region. Also, the price is currently trading at the resistance level $150 to $155. Which means price may either move sideways or moves down in the coming weeks. A more safe entry is to wait for bullish pin to form and move above the resistance level. Comparing both situation, I have decided to open this t

$MDB VERTICAL 240816 PUT 220.0/PUT 230.0$ Based on weekly chart, the stochastic has already move up from the oversold region. This gives a probability of price moving up. In the daily chart, it seems like price has formed a low, which is higher than the previous low. Therefore, I have decided to enter this bull put spread, expecting price to stay above $230 before expiry.

$MSFT VERTICAL 250725 PUT 450.0/PUT 455.0$ Manage to achieve more than 50% of the premium in 1 day. Hence, I have decided to close it to secure the small profit.

$LMT VERTICAL 240816 PUT 455.0/PUT 450.0$ In the daily chart, the stochastic is reversing up from the oversold region. The candlestick seems to be reacting to a support level of $460 and trading above $460 level. Therefore, I have decided to enter this trade, expecting price to stay above $455.

$GOOG CUSTOM 240517 CALL 140.0/CALL 150.0$ In the daily chart, the price seems to be bouncing off the 150 MA. Coincidently, it is at a support level of $137 which I found. Furthermore, the stochastic is near the oversold region, which also means a potential of price moving up. Looking into the hour charts, today’s price opens and crosses above the down trend line. Based on these, I am expecting the price to move up from here. Therefore, decided to enter this trade.

$SPY VERTICAL 240328 PUT 510.0/PUT 500.0$ It’s a new month and stochastic is in the oversold region for both weekly and daily chart. Is it about time for buyers to take a rest and sellers entering the market? Looking at the 4hour chart, it seems like there is a long wick bearish candlestick formed. Therefore, I decided to open this trade in view of price moving down in the month of Mar.