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.
As I’ve blogged about just a few weeks back.
Up 85% YTD.
On a far lower risk profile than most strategies I’ve tested.
And because of the lower risk profile, I had more confidence to commit far more capital.
And as we head into Q4, this is turning into my holy grail.
Long may it last!
My latest trade just made today? $35 NVO November Puts!
Let’s gooooo!
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.
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!
Just to put on record, that BTCUSD is currently at around 60K.
That’s more than half of what it was a year ago.
Luckily I don’t have that much exposure in crypto anymore.
I remember not too long ago I almost bought one full BTC for USD125k OMG.
Lately the NASDAQ has finally come down quite a lot.
Down to below 29,000 last Friday.
Is the AI bubble bursting?
The Mag7 have all come off their highs.
All the compute and AI spin craze have been brought down to earth somewhat.
Let’s see.
Lately been looking at Phase 3 for f this development as it has been launched on sale for quite some time now.
Generally for less than SGD200K, I can now get a 500+sqft high floor 1bed1bath. That is huge!
I will not talk about the benefits as I don’t want to bother with the hype, a lot of it is all over the internet, specifically with the RTS completion and SEZ incoming.
Four key issues with this property compared to the rest I’ve been looking at.
1) R&F the China developer is facing financial difficulties. There is real insolvency risk. What if Phase 3 cannot be completed if the developer goes bankrupt?
Having been onsite, most Phase 3 towers are more than 30 floors built now. So there is high probability that construction will be completed. Both Phase 1 (2018) and Phase 2 (2024) have been completed and were buzzing the numerous I’ve been there. That said I have to acknowledge that there are still implications if R&F goes bankrupt.
2) If R&F goes bankrupt AFTER completion, the township will still be impacted, Phase 4 and Phase 5 will not even start and the property might be abandoned?
Again my assessment is that this is highly unlikely. It is the face of Johor as you enter Malaysia via the Woodlands Causeway. There is no way the Johor government will let such a prominent project suffer unlike what has happened to Forest City.
3) The unit I’ve been looking at suffers from overcrowding density. 10 units a floor, 49 floors, and only three lifts to service everyone?!
This is a risk I am willing to accept. It is prevalent in China and many other countries facing such congestion and they can find ways to make it work.
4) SGDMYR FX Risk is real. Currently at around 3.15, if MYR continues to weaken to let’s say 3.50 or even 4! A SGD200K property even at same MYR value might be worth SGD150K to a Singaporean owner thereafter!
Again this is a risk I have to accept. The reverse could also happen, who knows?
Anyway these are the risks of buying overseas properties and there are many others so it’s just good to document the considerations before I make any actual plunge.
Huat ah!
Been travelling up to JB quite a bit.
Looking at the property there.
R&F Princess.
Coronade Twins.
Exsim Causewayz (wtf?)
Thinking of sinking a small bit into another hard asset.
Can be for investment, can also be for retirement?
Might get stuck for the long haul though.
NASDAQ again.
In out in out until liquid come out.
Pui!
Ended up losing $6.3K.
Sigh.
An unnecessary hit to my Huat year dammit.