I opened $MSTR 20250131 400.0 CALL$ ,MSTR: collect 4.1% premium from this naked sell call with strike at $400 which is about 2% higher than last close. Contract expires next Fri on 31st Jan. MSTR been rising well last week alongside a bullish BTC that is testing $110k. I believe MSTR will consolidate short term before making either upside or downside move so is betting against the rising stock with this short term trade
I opened $MSTR 20250124 420.0 CALL$ ,MSTR: collect 1.15% premium from this naked sell call with strike at $420 which is about 7% higher than last close. Contract expires this Fri on 24th Jan. MSTR been rising well last week alongside a bullish BTC that is testing $110k. I believe MSTR will consolidate short term before making either upside or downside move so is betting against the rising stock with this short term trade
I opened $RCL 20250131 230.0 PUT$ ,RCL: collect 1.35% premium from this cash secured put with strike at $230 which is 5% lower than last close. Contract expires in 2 weeks on 31st Jan. Been trying to buy back from RCL to reduce my shorts and these are some of the attempts. RCL remained bullish and might even go higher. Will bide for my time on when I will nett this trade off.
I opened $WOLF 20250207 9.0 CALL$ ,WOLF: collect 2.85% premium from this covered calls with strike at $9 which is 43% higher than last close. Contract expires in 3 weeks on 7th Feb. WOLF had been seeing bearish momentum and continued to slide. These shares were accumulated last week when cash secured put expired in the money so now is time to sell covered call with intention to dispose them off when price recovers.
I opened $WOLF 20250131 8.5 CALL$ ,WOLF: collect 2.9% premium from this covered calls with strike at $8.5 which is 35% higher than last close. Contract expires in 2 weeks on 31st Jan. WOLF had been seeing bearish momentum and continued to slide. These shares were accumulated last week when cash secured put expired in the money so now is time to sell covered call with intention to dispose them off when price recovers.
I opened $HSY 20250131 160.0 CALL$ ,HSY: collect 0.4% premium from this covered call with strike at $160 which is 4% higher than last close. Contract expires in 2 weeks on 31st Jan. HSY had been weak for the entire 2024 and might look set to remain the same. Selling more aggressive covered calls with intention to dispose off the underlying shares. Already factored in the capital loss for the stocks with intention to realised them and recycle remaining capital for other trades rather than waiting for this one to recover with unknown timeline.
I opened $PLTR 20250207 60.0 PUT$ ,PLTR: collect 2% premium from this cash secured put with strike at $60 which is 18% lower than last close. Contract expires in 3 weeks on 7th Feb. PLTR might have found it's temporary bottom in the low $60+ and rebounded. Setting the strike at $60 provide some support for the duration.
I opened $SMCI 20250221 40.0 CALL$ ,SMCI: collect 4% premium from this covered calls with strike at $40 which is 23% higher than last close. Contract expires in 5 weeks on 21st Feb. These replaced those that expired last week. SMCI had been ranging between $30 to $40 for few weeks now. Earnings on 4th Feb might provide some volatility Catalyst as this company need to file its previous earnings too that is long overdue.
I opened $SMCI 20250228 42.0 CALL$ ,SMCI: collect 4.5% premium from this covered calls with strike at $40 which is 23% higher than last close. Contract expires in 6 weeks on 28th Feb. These replaced those that expired last week. SMCI had been ranging between $30 to $40 for few weeks now. Earnings on 4th Feb might provide some volatility Catalyst as this company need to file its previous earnings too that is long overdue.
I opened $MSTR 20250131 300.0 PUT$ ,MSTR: collect 1.4% premium from this cash secured put with strike at $350 which is 23% lower than last close. Contract expires next Friday on 31st Jan. MSTR shows good strength as BTC holds above $100k. New Trump Administration that is pro crypto is also providing tail wind to the bullish sentiments.