On 4 Mar, $NVIDIA(NVDA)$ price was moving below one of its support level at $113. Considering that the price is about 34% below the average price by 53 analysts, I have decided to start the wheel strategy on NVDA. Hence, I have set aside $9,500 and did a sell put on NVDA, DTE: 4 Apr 2025, Strike price $95, credit collected $260 (approximately 2.7% for 1 month). My wheel strategy, which is my main option strategy for long term capital grow. To me, the wheel strategy is a must know option strategy for investors. I hope the chart above is self-explanatory of the method. Choose the underlying that has fundamentally great business and has demonstrated consistent profits. This strategy is especially useful when market starts to pullback. So, back to the

Replying to @SPOT_ON:Thanks and good luck :)//@SPOT_ON:my answer : Q1 : B Q2: A Q3: A Q4 : B Q5 : B @TigerEvents @Aqa @MHh @Success88 @Mrzorro @AyKing

On 20 Feb, $S&P 500(.SPX)$ is forming a bearish candle and I have opened the Broken Wing Butterfly (BWB) expiring on 13 Mar, for credit of $142. The vertical spreads for this BWB are: Bull Put Spread 5775/5875 Bear Put Spread 5875/5925 Option analysis of the Broken Wing Butterfly. (Note that the numbers are different from the time the trade is filled.). Forming my outlook: SPX looks over extended and trying to push above all time high. $NVIDIA(NVDA)$ is scheduled to announce earnings on 26 Feb. I think the results will also move the market. Mag 6 had reported earnings and I think mostly are positive results. This may suggest a good chance for SPX to continue in the bullish direction. Based on the abov

I am sharing one of the setup on $Pepsi(PEP)$ that I entered on 19 Feb. I took the view that PEP price has reached a support level and there is potential to move up. Hence, I have opened the following setups for a debit of $1.02. The idea behind is to reduce the cost of Bull Call Spread by opening a Bull Put Spread. Bull Call Spread, $145/$150, DTE: 17 Apr, Debit: $2.11 Bull Put Spread, $135/$140, DTE: 17 Apr, Credit: $1.09 Technical analysis for PEP (Timeframe: Daily Chart) Screenshot of Bull Call Spread captured on 23 Feb 2025. Screenshot of Bull Put Spread which I have closed it on 21 Feb 2025. Here are my considerations for entering this trade as well as my plans to take care of my risk and rewards: 1.      Forming my o

On 12 Feb, CPI data was announced and market generally opened negatively. I noted that IWM price was at 150 moving average (MA). For the recent times, the price usually finds support and reacts on the 150 MA. Hence, I took the view that IWM price should stay above 150 MA and I decided to open a Bull Put Spread with strikes $208/$213, date of expiry 21 Mar 2025, for credit of $0.80. I’ll get to keep the credit if price stays above $213 on 21 Mar 2025. The total risk of this trade is $4.20 ($5 spread – $0.80 credit received), which is approx. 1% of my total capital. Technical analysis for IWM (Timeframe: Daily Chart) Screenshot of my position captured on 16 Feb 2025. Notice that the delta for strike price $213 is <0.2 Here are my considerations for entering this trade as well as my plans

On 8 Feb, $S&P 500(.SPX)$ is forming a bearish candle and I have opened the Broken Wing Butterfly (BWB) expiring on 28 Feb, for credit of $195. The vertical spreads for this BWB are: Bull Put Spread 5730/5830 Bear Put Spread 5830/5880 Option analysis of the Broken Wing Butterfly. (Note that the numbers are different from the time the trade is filled.). Forming my outlook: For the upcoming weeks in February, there are several upcoming events as well as ongoing events that may move the market. Examples: During week 10 to 14 Feb, Fed Chairman is speaking as well as CPI and PPI results. I don’t know what will happen, but, there is potential for market to move in any direction. $NVIDIA(NVDA)$ is scheduled

On 1 Feb, I did a technical analysis and have the outlook that $Microsoft(MSFT)$ stock price is near the bottom of the uptrend trendline and potentially may stay above $400 before 7 Mar 2025. Therefore, I have opened a Bull Put Spread with strikes $395/$400, date of expiry 7 Mar 2025, for credit of $0.98. I’ll get to keep the credit if price stays above $400 on 7 Mar 2025. The total risk of this trade is $4.02 ($5 spread – $0.98 credit received), which is approx. 1% of my total capital. Technical analysis for MSFT (Timeframe: Daily Chart) Screenshot of my position captured on 1 Feb 2025 Here are my considerations for entering this trade as well as my plans to take care of my risk and rewards: 1.      Forming my outlook: Pr

Replying to @Barcode:2️⃣0️⃣2️⃣5️⃣🐍😁😁👍👍🍊🍊❤️🧘🏻‍♂️🧘🏻//@Barcode:$DRAGON MOUNTAIN GOLD LTD(DMG.AU)$ $Tiger Brokers(TIGR)$ $Lotus Resources(LOT.AU)$ $BLACK DRAGON GOLD CORP-CDI(BDG.AU)$ $PROSPERITY REIT(00808)$ 🐉🔥 Gōng Xǐ Fā Cái, Hǔ Siblings! 🔥🐉 🧧✨ The Year of the Wood Dragon has arrived, a time of transformation, renewal, and boundless opportunity! ✨🧧 🌟🐲 The Dragon, A Symbol of Power, Wisdom & Fortune 🐲🌟 This isn’t just any year, the mighty Wood Dragon only re

Replying to @Kiyosumi:Congrats and Good luck for your lucky draw.//@Kiyosumi:Thank you TigerEvents for this USD 10 voucher! Tiger Brokers is very generous. Wishing everyone a great Snake year ahead! Slithering and flexible trading times ahead. @VinkaloZendo @kinggiles @Terry Tan @kinggiles @AyKing @谋定后动

Replying to @ZEROHERO:Thanks! Wishing you and your family fun, good health and successful snake year. 😁👍//@ZEROHERO:Wishing everyone a great CNY celebration with family & loved ones. Have an awesome year with abundant wealth, good health & great success in the things you aspire to achieve! 🧧🍊🍊 @Aqa @AyKing @Christinechel @Fenger1188 @jace0777 @kool

Replying to @Aqa:Thank you @Aqa . Wishing you and your family a prosperous and healthy year. :)//@Aqa:🎋🧧🧧The Lunar New Year is a time to welcome the spring festival with our family and friends. We eat well during to wish for a good year ahead. During this period, my favorite dish with family and friends when we have gatherings is always the raw vegetables. I am happy even with just a dish of salad. Raw vegetables in Chinese words is “生菜”. It means ever-green which means health, and 生财 which means prosperity. These are the most important things I want to wish for all my Tiger friends and staff of Tiger brokers here. Thanks

Replying to @SPACE ROCKET:Happy CNY! I love the Lou Hei! Fun for everyone and tasty! 😁//@SPACE ROCKET:Some of my favourite dishes for CNY include different types of soup bases for hotpot, pencai, salted egg crab / prawns with lotus biscuit crumbs, honey soy chicken, steamed fish and Bird's Nest. Happy CNY friends!! Wishing everyone a prosperous New Year!! 🧧🧧🍊🍊 @nomadic_m @icycrystal @Barcode @ZEROHERO @Billiona

Happy CNY! I love the Lou Hei! Fun for everyone and tasty! 😁

Replying to @ZEROHERO:Agree with you :) I like options. There are strategies which you can use it for investment, trading. //@ZEROHERO:Options trading is a strategy game. Master the various types of options strategies and the ability to apply it at the right time and situation with calculated risk coupled with economic data and/or earnings seasons can reap handsome rewards. Similar to driving, it’s very risky without theory classes and practical test to pass the driving licence. Then we need to familiarise with the car, gain driving experiences ,take note of weather, road & traffic conditions, pick up defensive driving techniques and beware of other motorists & pedestrians

This article is about a trade I entered on UNH which made about 96% ROI in 21 days. On 27th Dec, Friday, UNH chart catches my attention. I assessed the chart and took the outlook that price should go up from the current levels before earning announcement on 16 Jan 2025, based on the following considerations: Price had been oversold for the past few weeks and looks like found its bottom around $476.43. There is no major change to UNH business and the current price of $509 seems to be undervalue. Technical analysis of the UNH chart. So, I decided to opened a Bull Call Spread of strike price $515/$525, DTE: 17 Jan 2025 (during the earning announcement week). The trade cost me $820 for 2 contracts. I was thinking of ways to reduce this cost. And I wondered, should I opened a Cash Secured put,

Huat ah! I’m spring cleaning my portfolio. And hopefully gonna just again.

Happy 2025! Thanks @PoorOldMan for introducing me to this event. I have $5 voucher. Join in the fun if you have not. @ZEROHERO @SPOT_ON @Aqa @corubi @ArcherWG @CINDYTAN @Kashcash @KSR @MeHu

Thank you @koolgal for the sharing. Agree to have capital preservation. And I am happy to hear that we parents are doing what we do now for our little ones :):). There are option strategies for long term wealth building. Maybe you can try it on your Google holdings with the wheel strategy. I believe there are many option experts here to help you in your learning as well. 😁👍

Replying to @SPOT_ON:I finally can access my account properly. Merry Christmas @SPOT_ON . And a happy new year! //@SPOT_ON:merry Christmas 🎅 @Success88 @Aqa @rL @MHh @Barcode @AyKing @DiAngel