@Musztirom:I opened $SOFI 20240614 6.5 PUT$ ,SoFI: sold new sets of cash secured puts on SoFI with lower strike at $6.5 and expiry on 14th June which is for 32 days. Premium collected is 1.7%. For the past 2 consecutive Fri options expiry on 3rd May and 10th May, SoFi had dipped to below $7 and that showed market support for the $7 is getting weaker after holding for since late Nov 2023. Readjust my support level to $6.5 for future selling to reflect this change. Target premium collection is now lower from the 3-4% range per 30 days to 1.5% to 1.8% collection per 30 days of contract.
@Musztirom:I opened $Abercrombie & Fitch(ANF)$ ,ANF: short AnF at $135 as it’s nearing triple peak at around $140. I had been holding shorts on AnF and they are in the red as the holding average was much lower. With this new trade, my position average is now $111.58. With earnings coming on 29th May, it might moved higher resulting in larger loss, or lower therefore lessening my losses, will continue to average up as long as ANF trades near all time high.
@jace0777:I opened $U 20240517 22.0 PUT$ ,🧑💻 Here's a recent ticker that caught my eye! Unity Software is on deck to unveil its Q1 2024 earnings on May 9, with anticipated revenues in the range of $415 million to $420 million, reflecting a year-over-year decline of about 15-16%. Despite this projected dip, Unity has consistently outperformed earnings expectations over the last four quarters, boasting an impressive average earnings surprise of 69.43%. Amidst a strategic pivot, Unity is honing in on its core business strengths, a move poised to fuel long-term growth even as it sheds some operational weight. The company has been proactive in adjusting its cost structure, including a significant workforce reduction by about 25%, aimed at bo
@Musztirom:I opened $PLTR 20240524 19.5 PUT$ ,PLTR: sold covered puts on PLTR with strike at $19.5 and expiring on 24th May which is 16 days away. Premium collection will be 0.9%. PLTR had dropped 15% from its recent high after earnings on 6th May and it currently at support level around the 100 days MA. Took the chance to accumulate and concurrently sold multiple sets of covered puts over few weeks on 24th and 31st May and then 7th June,