Damn it.
I was drunk.
Ended up funding my account just to make the huge punt on NAS100 again.
Ended up losing 6K.
Pissed off.
Damn it.
Sharing my investment opinions/trade ideas as well as rationalizing them in words. All posts are personal opinions and do not constitute a recommendation to buy or sell any financial instrument, or to make any investments. Readers should do your own due diligence at all times.
Damn it.
I was drunk.
Ended up funding my account just to make the huge punt on NAS100 again.
Ended up losing 6K.
Pissed off.
Damn it.
I made the most off a single sell put option so far since adopting this successful strategy at the start of this year.
And boy does it feel good!
This was of SNDK which has pumped to the $1,600 area from $1,000 in just a few days.
What I did was to sell a SNDK put, super LEAP at Jan2028 expiry, strike of $510, at $137!
This meant the recent pump dropped the premium down to $63 really quickly, and I earned SGD7.5K in about just one week.
This is turning out to be one of my huatest years ever!
Huatz.
Been going into JB a lot this year.
Something’s drawn me there that I will be going in a little more out of necessity.
What excites me is firstly the latest RTS development, and secondly the SEZ between SG and MY.
I see a lot of potential in these developments that the north of SG will be a lot more integrated with JB.
Hopefully it really gets better and becomes a realistic opening up of more businesses, lower prices and better interconnectivity for us all.
To cheaper purchases!
To retirement in JB!
There was suspected intervention recently.
So I took the chance to go long around 158.50.
Basically taking advantage of the daily carry while the price trends back to 164 thereabouts.
The same old story and same old playbook.
Let’s see how long I keep this position.
SpaceX just IPOed.
I made some money on the way up to 200+ but it’s since come down to close to 100!
I’ve bought some puts on the way down as I feel the stock will crush into the 60-70s due to the share unlocks. Only 5% of the float is public right now!
Guess what, the first unlock tripled the share float just two days ago and the stock last night flew up to 133!
So weird.
And suddenly, everything has recovered.
It is almost as if the sudden AI mega drop didn’t happen.
Glad I never liquidated anything.
I feel like my portfolios are all very strong and resilient right now.
EOS is down to $6.67
META is down to $589
IREN is down to $30
Tough to catch a break right now honestly.
Such strong fundamentals.
Yet it is down from a recent high of $12, to the current $7.
Damn xianz.
Was sitting on a VERY sizeable profit and now this.
Hope it comes back up again quickly.
It’s funny that META is my current only Mag7 holding remaining.
I got assigned 200 shares very early this year and have been holding it since.
Part of the reason is that I have a long dated covered call tagged to it that is very profitable if I hold it till expiry.
Right now this strategy of selling puts to enter into fundamentally strong stocks until I am assigned the underlying shares, followed by selling covered calls on them, has proven to be very profitable for me,
Long may this continue,
Huat ah!
If you followed my post for long, you’d know I dare not invest in China stocks.
It’s been a long time.
Generally it’s because the risk is always that the Chinese government could easily make a policy change or announce something adverse that renders previous assumptions useless.
That’s said, I recently see a lot of value for many large cap Chinese stocks more because of how beaten down they are.
And I have just started an investment into Tencent, it’s HK listing.
Let’s hope it double from here!