I opened 70 strike $TQQQ secured puts for Oct 2, $RAM 12 strike secured puts for Oct 16 today. Will try to get all the premium on these. Do not have a current one week play so probably no income for the upcoming week for me. Playing $GOOGL long breakout too.
My options plays expired this week giving me 100% of the premium for the week. About $2k for this week. 4,4,2 last 3 weeks. Main part was executing better. I wanted to go for full premium.
As google goes on this possible ripper qqq should follow because sentiment and component. This looks primed and is not far from 200 day for a great company. Many way to play this. It’s tempting to play this one. Was content without more risk during the post FOMC flush tho.
$BE is down to 250 premarket. It had a near vertical jump recently. It may give a very nice entry. Don’t think this one is over because the AI guys want to posture for regulation to prevent competition like duopolies do.
I did not own or play $bwet. It is the best performing asset which made it look dangerous to even look at. It is having a good day. Maybe someday it will all end for the parabola but not this day. Today it’s pushing +10% on a red morning.
I have some new trades on to try to make money next week. Also have one or two l’m considering opening next week. I’m keeping them covert while I work on execution. They aren’t anything more fun than the last two weeks. Noticed how much I leave on the table.
Just observing some price action here. Here is the performance of the stocks that Leopold Aschenbrenner recently bought call options on with hundreds of millions of dollars.
$CRWV +0.1%
$SNDK -3.4%
$AMD +2.6%
$BE +6.1%
I closed both of these out set ups early. The $TQQQ for only 33% of premium and the $RAM for 50%. Also closed a green covered call for $APP (@TheRonnieVShow pick) because of the relative strength. Close to $3k for the week.
Puts sold on $RAM and $TQQQ are both over 60% of premium made. If I let them run to expiry that gets me $2k on the TQQQ this week and $4k on the RAM next week. I also have a call on NVTS I did not note on here that gets $1.2k more for this week. Call is to repair a bad trade.
Very good chance my early exits on my secured puts were overly cautious and leaving them alone would work better. I am ok with that. Note that I fat fingered the RAM puts doubling my intended order for the position opening so I did about as well as intended.
Puts sold on $RAM and $TQQQ are both over 60% of premium made. If I let them run to expiry that gets me $2k on the TQQQ this week and $4k on the RAM next week. I also have a call on NVTS I did not note on here that gets $1.2k more for this week. Call is to repair a bad trade.
I like the idea of selling puts to manufacture a potential entry in $SPCX but that would require having cash available to get assigned. If the date is far away enough that can open opportunities for the future. Maybe not the right time for that yet.
Note that circle trading feels bad if you end up holding a negative position that doesn’t recover for a long time or the position runs off without you due to a call.
$SPCX gives ok premium. About 5% a month. I am blinded to it by my bias to want to keep the shares and get more eventually. It is fair to circle trade this for 5% on entry and 5% on exit. Not bad assuming it doesn’t do to much for a while.
$SPCX once this base at $150 is held confidently I see this running up. Reasoning was a tidbit from the Wolf morning space. The traders were talking levels. Makes me think long traders pile in if 150 becomes support.