I closed $PINS 20240426 34.0 CALL$  ,⚙️ covered call play on PINS wheeling worked out well this week. Securing full credit upon expiry! On to the next week.

I closed $MU 20240426 114.0 PUT$  ,🏦 collecting full credit profits upon expiry over 22 days. This play remains attractive, will look for entry again!

I closed $HOOD 20240426 16.5 PUT$  ,🏦 collecting full credit profits upon expiry over 17 days. This play remains attractive, will look for entry again!

I opened $SPY VERTICAL 240614 PUT 538.0/PUT 539.0$  ,📊 Fair bit of market makers’ positioning of positive GEX and negative VEX at 540, indicating a moderate zone of support at that level for the coming expiration at 14/6. Slight bias to the upside at least for this expiration term. Here’s a short bull put spread to play on this hypothesis. 🤞

I opened $NVDA VERTICAL 240531 CALL 1090.0/CALL 1095.0$  ,📈 NVDA seems to be reaching a point of oversold exhaustion. A lot of exuberance from the recent announcement. Dealers positioning from the options flow also signal increasing resistance at 1070-1080. Gets betting on a bearish move in next 2 weeks 🤞

I opened $NVDA 20240823 123.0 CALL$  ,🛞 wheeling my NVDA with a covered call. Strike selection at cost basis with nearest expiration term possible with a premium that made sense

I opened $BP 20240517 37.5 PUT$  ,🛢️ BP is an attractive play now, as it trades at a P/E ratio of 7.60, well below its industry average of 9.51. Over the past year, BP’s Forward P/E ranged from 5.27 to 7.82, typically staying around 6.64. Additionally, BP’s P/B ratio stands at 1.30, favorable compared to its industry’s average of 1.52, signaling good value relative to its book assets. Its P/S ratio of 0.52, which compares sales to stock price, also stands out positively against the industry average of 0.65, reflecting a solid performance indicator that’s harder to manipulate. Add to this, the P/CF ratio of 3.65 emphasizes BP’s strong cash flow perspective, notably better than the industry average of 5.46. BP’s P/CF has ranged f

I closed $PLUG 20241115 2.5 CALL$  ,Reaping the full credit gains when my covered call expired worthless 

I opened $SQ 20240119 72.0 PUT$  ,💵 closely watching Block at the moment. Their Cash App is on fire with a growing customer base, and the Square ecosystem is driving a solid Gross Payment Volume (GPV) increase. I'm seeing potential for big growth in their key areas – transactions, subscriptions, services, and even bitcoin. They look set to close 2023 with a strong 16% jump in GPV! What sets Block apart for me is their all-in-one commerce platform, blending software, hardware, and payments seamlessly. Their approach is super tech-focused, which I think is key in today's market. It's not just about payments – it's about managing a business end-to-end. I see them continuing to excel in the online payment space. Opening 2024 with t

I opened $HOOD 20241206 33.0 PUT$  ,Attempting a reversal trade. Noted lotsa whales accumulating bullish premiums in Dec expiration terms. Signaling a strong bullish potential 

I opened $NEM 20240607 40.0 PUT$  ,⛏️ Newmont Corporation (NEM) is currently mining for gold in the financial markets, having outperformed expectations with an earnings beat of 57.14% last quarter. Looking ahead, the company is forecasted to rake in earnings of $2.40 per share on a solid revenue of $16.08 billion this fiscal year. Over the past month, Newmont's stock has climbed a sturdy 10%, trading at a forward P/E of 17.72X and a price-to-cash-flow ratio of 14.12X. Despite the Mining - Miscellaneous industry facing challenges, ranking in the bottom third of sectors, Newmont stands out with promising fundamentals and industry tailwinds that suggest potential upside. Opening a cash-secured put position to bet on Newmont's con

I closed $SQ CALENDAR 241101/241025 CALL 74.0/CALL 74.0$  ,Rolling it out for one more week to give the price some time to breathe and of course, who will complain about extra pocket money in the mean time 😁

I opened $SQ 20240802 71.0 CALL$  ,☸️ Wheeling my SQ holdings with another round of covered call. This time, we selected an expiration after the warning announcements to reap the juicy pre-earnings premium. Will look to exit before earnings to be safe.

I closed $COIN 20240719 202.5 PUT$  ,🏦 locked in a 60% gain over 4 days. Took advantage of the upsurge in COIN (likely due to the uptrend of Bitcoin over past days) to exit earlier. Keep those volality flowing! 👍

I closed $ARM 20240802 130.0 PUT$  ,🍪 This expired in the money, have to pick up the stock now! I still believe in its fundamentals, esp in the chip market. Its down surge this week unfortunately was in line with the broader market correction. Time to wheel in coming weeks.

I opened $HOOD 20240809 19.0 PUT$  ,💘 taking advantage of the downsurge in crypto-related stocks (for some reason HOOD becomes associated with crypto too) to capitalize on a potential bullish move.

I closed $SQ 20241108 74.0 CALL$  ,💸 My covered call expired in the money with the upsurge in price for SQ lately. Which is perfect. Get to keep all the credit plus force-sold my SQ at cost basis.

I opened $PENN VERTICAL 240802 CALL 20.0/CALL 21.0$  ,🏀 PENN just caught my eye as a potential bearish play!! PENN Entertainment has been a laggard in the market, consistently hitting new 52-week lows throughout 2024 and ranking in the bottom 38% of its industry. This ongoing underperformance, highlighted by missing earnings estimates in two of the last three quarters—including a notable first-quarter miss by 33.9%—sets the stage for bearish strategies. Additionally, the occurrence of a 'death cross,' where the 50-day moving average falls below the 200-day, suggests further downward momentum. These factors make a bear call spread an appealing option for investors looking to profit from

I closed $ARM 20240712 146.0 PUT$  ,💸Ah-ha! Secured a 21% gain in 2-hour scalp. The price did reverse in the end - another successful reversal play. Volatility was rich today, no harm scraping profits off the table first, before ré-hunting for another opportunity. 🦅

I closed $VRT 20240614 96.0 PUT$  ,❌ Got exercised and have to force-buy VRT. No worries - fundamentals on VRT remains attractive with strong EPS and EBIT. Ripe time to start the wheel on VRT next week! 💪