Got assigned this stock at $8.
This is a US drone company that’s been on an acquisition spree.
Time to move to selling Calls next week.
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.
Got assigned this stock at $8.
This is a US drone company that’s been on an acquisition spree.
Time to move to selling Calls next week.
I’ve come far enough to say that the is year this strategy has worked crazily well for me.
The Wheel strategy is an old plain vanilla strategy and that seems to have paid off really well for me all through the year.
The strategy is simple: pick good solid stocks that I would like to own (though lately I have been a bit more aggressive with some speculative growth stocks), sell Puts at strike prices that I would not mind owning them if the stocks are assigned, then sit and wait. If assigned, I own the stocks at a good price, then I begin selling Calls on them until I get assigned.
Rinse and repeat.
This strategy has been made even more successful as I have been doing it on my Saxo Margin Lending account which allows me to execute this less aggressive strategy on margin.
Long may the huatness continue!
So soon?!
This is really disappointing.
Can’t believe it myself how quickly the spiral went down.
Got my Default account level after some trading last week, and then yesterday started a wrong position small and as the NASDAQ kept tanking I kept catching the falling knife hoping for some sort of rebound that never came.
In the end lost another 7K.
OMG.
I’m still struggling to put a stop to funding my account with my credit card and gambling it all away like that.
Sigh.
Luckily my Margin Lending account is performing significantly better.
The latest drop in USD has caused BTC to surge to $77K!
Is BTC finally out of the crypto winter?!
It hit a low of around $59K.
Hopefully it surges back to $100K!
Gold also staged quite a massive comeback.
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.