On 4 Mar, $NVIDIA(NVDA)$ price was moving below one of its support level at $113. Considering that the price is about 34% below the average price by 53 analysts, I have decided to start the wheel strategy on NVDA. Hence, I have set aside $9,500 and did a sell put on NVDA, DTE: 4 Apr 2025, Strike price $95, credit collected $260 (approximately 2.7% for 1 month). My wheel strategy, which is my main option strategy for long term capital grow. To me, the wheel strategy is a must know option strategy for investors. I hope the chart above is self-explanatory of the method. Choose the underlying that has fundamentally great business and has demonstrated consistent profits. This strategy is especially useful when market starts to pullback. So, back to the
I opened 1 lot(s) $GOOG 20250404 175.0 PUT$ ,I have opened this position, which is the rolled position of the previous cash secured put. The strike is lower, date to expiry is further and premium is higher.
I closed 1 lot(s) $MSFT 20250307 425.0 CALL$ ,This is the short call of the diagonal spread. Decided to close it because more than 50% of the premium has been collected and next week is the expiry.$MSFT 20250307 425.0 CALL$
I closed 1.0 unit(s) $AMZN VERTICAL 250321 PUT 215.0/PUT 220.0$ ,Price went below the short and long strikes of this bull put spread. I have decided to close it And planning to roll it to lower strikes and longer DTE in the coming days.
I closed 1 lot(s) $AMZN 20250314 210.0 PUT$ ,Market looks to be pulling back and I am trying this method to protect portion of my portfolio. Have closed it and managr to achieve about 30% ROI in a day.$AMZN 20250314 210.0 PUT$
I opened 1 lot(s) $AMZN 20250314 210.0 PUT$ ,Market looks to be pulling back and I am trying this method to protect Portion of my portfolio by opening this trade.
I closed 1 lot(s) $GOOG 20250307 180.0 PUT$ ,planning to roll this trade to lower strike and longer DTE since the stock price is below $180. This allows me to delay the assignment of shares. I am waiting for some signs of stalling or recovery in price movement before opening the cash secured put again.