Elijah

Yapping Stocks, Investing and Business. $SOFI

[Elijah @itselijahcheng]

Holding myself accountable here. Thisis my $100k portfolio. To be v exact $100,000.90 hahaha. I was dumb miscalculated the conversion and now stuck with a $0.90 I can’t withdraw 😂

$AMZN
$GRAB
$SOFI

[Elijah @itselijahcheng]

Wow. Messi is up for it this World Cup #ARGvsAUS

[Elijah @itselijahcheng]

Portfolio has changed a bit recently.

At one point this was at $123,000 but up over 18% in the same time $SPY is up 9% I’ll take it.

Took a (maybe) premature move to rotate into software with $NOW and $ZETA making up 20% of the portfolio.

Didn’t realised my $CRWV position didn’t fill. So left with $85 CSPs i did receive $725 in premiums tho 😂 might have to roll this up. Already 77% realised premiums.

[Elijah @itselijahcheng]

Sold 120x $SOFI covered calls today

Strike: $23
Expiry: 31 July'26
Premium: $4,320
~1.5% monthly yield while waiting for Q2 earnings

I like it.

[Elijah @itselijahcheng]

@EdwinGWJ @anthonynoto definitely! LOL

[Elijah @itselijahcheng]

$SOFI

@anthonynoto at it again. Next thing you know the bears will come out and say its bearish cos he didn't buy leaps! Haha

13,888 shares purchased at $18.05.

[Elijah @itselijahcheng]

$SPY $QQQ

Lol oil prices can’t come down fast enough. This used to be $90ish 😂

At least we got some sort of a ‘deal’ 🤷🏻‍♂️

[Elijah @itselijahcheng]

Have decided to add a new position to the Portfolio. Traded $IREN from $38 to $54. Returned back some extra call premium so my real avg was closer to $41.

But looking to rotate and strangle the heck out of $CRWV. Thesis to come shortly.

Currently opened a $85 CSP
Should be able to purchase shares today after my other CSPs expired out the money and sell $140 CCs on this position.

[Elijah @itselijahcheng]

$SPY $QQQ $SOFI

Maybe this will be the next fear cycle. 🤷🏻‍♂️

[Elijah @itselijahcheng]

$SPY $QQQ

And just saying we are at fear as we closed the markets last Friday. So its hard to say that the peace deal has already been priced in. Which means we could go higher…

As always, for now. 😂

[Elijah @itselijahcheng]

$SPY $QQQ

lol why am I not surprised.

[Commentary Donald J. Trump Posts From Truth Social @TrumpDailyPosts]

🚨BREAKING: TRUMP-IRAN PEACE DEAL IS OFFICIALLY REACHED! 🔥

Signing set for June 19 in Switzerland.

Art of the Deal Peacemaker Trump delivers on his birthday!

All military operations terminated immediately. This is HUGE!🇺🇸

[amit @amitisinvesting]

I’ve been a Knicks fan since 2011.

Many of you know this seeing the variation of Knicks hats I wear on stream.

I was born in NJ so our local cable package at the time only came with MSG Sports.

The only basketball games they showed were the Knicks, the New Jersey Nets weren’t really good enough to get their own station, so I ended up deciding I’d be a Knicks fan at the same time that I began playing basketball in Middle School. I grew up with Carmelo, Jeremy Lin, Steve Novak, etc. I quickly realized being a Knicks fan was not going to be fun.

I don’t talk much about sports anymore because over the past 10 years, I shifted my focus from sports to markets when I realized I wasn’t going to ever make the NBA. I just couldn’t dedicate the type of energy to caring about sports when I realized my core focus was going to shift on becoming a better investor. Jerome Powell became more relevant to me than LeBron James.

But last night was special.

I started crying on the couch when seeing Jalen Brunson win (which my sister made fun of me for) but it’s because Brunson is the epitome of never giving up and continuing to fight in the face of everyone doubting you.

“My confidence comes from my work ethic,” was the part that hit me the hardest that he said last night. It is a reminder that anything in life can be achieved if you are willing to do the work that most people cannot fathom doing.

And when you put in that work, the confidence in the big moments is just a reflection of all the time you put in.

Really happy for the City of New York and for a team for inspiring all of us to dream as big as possible.

[Elijah @itselijahcheng]

@ewarren Not even from there US and know this is wrong 😅

[Mario Nawfal @MarioNawfal]

🚨🇺🇸 Scott Jennings torched the SpaceX IPO critics:

"I've listened to liberals count and spend @elonmusk's money for him all day.

This envy and hatred of success, why is it wrong for someone to build companies, go to space, give internet to half the world?"

Source: CNN, @ScottJenningsKY / Writer: Daniel

[Shruti @heyshrutimishra]

Elon just created 4,400 millionaires in a single day.

400 of them are now worth over $100 million.

These aren't VCs. They're SpaceX employees, and the list includes welders, technicians, and cafeteria staff, because for two decades the company paid every level of the workforce in stock instead of higher salaries.

Juan Hernandez immigrated from Mexico and took a $28 an hour contractor welding job in 2015. He says he didn't even know what SpaceX was. The company gave him a $10,000 equity grant and let him buy more shares through payroll deductions. That stake is now worth $880,000.

Trevor Hise's parents wanted him to take a stable job at General Electric. He picked SpaceX instead, stayed 12 years, and accumulated over 100,000 shares. At the $135 listing price that's $13.5 million. He's 37 and semiretired. His words: "The magnitude of this has been ridiculous."

The most telling detail came before the listing. Over 100 employees quietly banded together and negotiated a group wealth management deal covering up to $5 billion, because none of them had ever needed a wealth manager before.

Software IPOs have minted millionaires for 30 years. This is the first one where the money went to the factory floor.

[Elijah @itselijahcheng]

@elonmusk @SPYSTSignals @iam_smx Lol that’s right! 💪🏼

[Elijah @itselijahcheng]

$SPCX up 20%!

[Elijah @itselijahcheng]

$SPCX day!

[Elijah @itselijahcheng]

$SPY $QQQ

CPI: +4.2% vs +4.2% expected
Core CPI: +2.9% vs +2.9% expected

Markets still slightly angsty from small pockets of fighting between US-Iran

[Elijah @itselijahcheng]

$BMNR

Buys 126,971 $ETH
92% to the Alchemy of 5%
4.6% outstanding circulating supply of $ETH

And above 1x mNAV. But at the same time cognizant of where the network stands and what it has to do to support the tokenization of our financial system.

https://t.co/MI3xKaZ9YQ

[Elijah @itselijahcheng]

$BMNR $ETH

Why is it so relatable when he says the shake at the urinal 😂

C’mon you can’t tell me you don’t understand this. 😂

[Cantonese Cat 🐱🐈 @cantonmeow]

#Ethereum
The thing about this recent move with crypto is that it's been on low volume, on a contracting lower Bollinger band weekly which should serve as support, and there's a lot of bullish divergences being seen.

These, to me, are the final breaks to tap on the downside because the downward momentum from August through February has basically played out.

It's the shake you get at the urinal after you think you're done peeing. Sometimes there are a few drops, sometimes there's a bit of a final stream, but I think the bladder's emptied out pretty good.