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

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 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

Congrats Tiger. 10 years is a long way. Building up trading apps for retail investors and making investing and trading fun. Furthermore, Tiger have been continuing looking for improvements in the app with retail investors in mind. Keep up the great work. Hmmm, maybe I will buy some Tiger shares again to show appreciation and celebrate 10 years anniversary. 😊

Happy Friday. The matching pairs are 1 and 8, 5 and 7.

This photo was taken recently at Fort Siloso, where I brought my child to play “treasure hunt” and learning history of Singapore. Indeed, we have fun and laughter in this mysterious place for the young one. Seeing his curious expression reminds me of how I have been through in 2024. I set goals before the start of 2024. The road ahead is unknown for my personal life, work and investments. But the curiosity in me drives me to do research from the past and choose the best options to direct my arsenals to achieve my goals. Surely, there are misses and hits. This gives me opportunity to learn and reinforce. Glad to achieve all my goals for 2024. I will continue to be curious in the coming years. 😊 Join this event to describe your 2024 moments, if you haven’t yet. 😉

Well said. 👍 reminds me to continue in helping others to grow and realise their own potential.

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