I closed $BABA 20240726 80.0 CALL$  ,BABA: collected full premium on this BABA covered call. The stoic continue to be laggards and in range. For options trading, boring can be good as I’ve already used up large potion of cash to buy in 100 shares of SMCI, 100 shares on NVDA and 100 shares of ANF just this week alone 😅

I closed $BABA 20240920 90.0 CALL$  ,BABA: collected full premium from this covered call that expired worthless on 20th Sept. BABA is testing new recent high this week but seems to be resisted around the $90 mark. Probably reasonable to consolidate before pushing higher. On other hand, allows me some of my coveted calls to expire worthless 😋

I closed $BABA 20240809 68.0 PUT$  ,BABA: close this cash secured put 10 days ahead of expiry when more than 90% of maximum profit achieved. Currently BABA on top side of its channel so happy to collect the premium while waiting.

I closed $NIO 20241122 7.0 CALL$  ,NIO: collected premiums in full when these covered calls expired worthless on 22nd Nov.  NIO had been on bearish run for topping in Sept, the Chinese stimulus rally didn't last and it's in whole lot of pain.  Earnings on 20th Nov were disappointing and didn't meet analysts expectations.  Until we see a path to profitability, NIO will remain a penny stock at risk.

I closed $NVDA 20240823 121.0 CALL$  ,NVDA: the covered call with strike at $121 expired in the money when it closes at $129.37 on Fri. Earnings will be announced on 28th Aug and that might add additional volatility. Decided to cash out with small profits and get exercised to reduce my positions on NVDA.

I closed $BABA 20240531 87.0 CALL$  ,BABA: collect full premium of 1.1% premium on this covered call on BABA. The strike was set at $87 and expire in 29 days. The call was sold when BABA was on the up trend and went up as high as $90.46 before reversing back to current $78.34. Happy to collect premium for the few covered calls I’ve sold at a high.

I closed $NIO 20241108 7.5 CALL$  ,NIO: collected premium in full when the covered calls expired worthless on 8th Nov.  NIO performance has been weak and hovering around the 200 days MA. The Chinese counters were also facing headwind on muted Chinese stimulus and potential future tariffs issues when Trump takes office.

I closed $NIO 20241101 7.0 CALL$  ,NIO: collected full premiums when the covered call expired worthless on 1st Nov. NIO had been bearish again alongside the Chinese counters. No threat to the call strike.

I opened $NIO 20240607 7.0 CALL$  ,NIO: sold covered call in NIO after it finally shows some signs of reversal from its low of $3.6. The strike selected at $7.0 which is 25% higher than current price. Expiry on 7th June which is 36 days away and Premium collection at 2% for the period. Potential volatility risk on 29th May for earnings. Recent bullishness related to better than expected deliveries. Look forward for better metrics by NIO during earnings for it to continue upward momentum else might stall and reverse back down.

I opened $BABA 20240524 83.0 CALL$  ,BABA: sold covered call on BABA with strike at $83 and expiring in 28 days on the 24th May. Premium collection is 1.15%. BABA is on the swing high within its range of $68-$78 and it’s closer to upper band resistance. Took the opportunity to sell covered call to earn some premium while awaiting BABA to recover if ever 😅. Yea I’m one of those long term bull on BABA and are still bag holding 😆. If this ever gets call away, I’ll sell news ones as I still have some that I didn’t put up to trade else at risk of being called away below holding average cost.

I closed $BIDU 20240823 83.0 PUT$  ,BIDU: collected full premium for this cash secured put when held it to expiry. For a few days early on 5th Aug, BIDU sell off along the most counters and went in the money and risk being assigned, it had since drifted upwards and expired worthless. Earnings on 22nd were ok but revenue was a miss. It just fell a few % and wasn’t severely punished as I thought it would.

I closed $GOOG 20240426 170.0 CALL$  ,GOOG: collected full premium of 0.8% over 25 days when this covered call went into money. The strike was set pretty high at $170 at the point of my selling this covered call was only at $156. However earnings announced on 25th April were really good and GOOG went up 10% above the strike so I’ve sold the shares as part of being called away. Happy to let them go at 22% profit for those shares as I collected them at $139 back in Mar through cash secured puts. GOOG looks overbought at the moment and I think it might go sideways or corrects a bit lower should the general market is on the weaker side. Will monitor how I trade this counter moving forward.

I closed $BABA 20241220 90.0 CALL$  ,BABA: collected full premium when this covered call expired worthless on 20th Dec. BABA had dropped 30% from its recent high on 7th Oct and remained sluggish for the past few weeks.  Not seeing any company specific catalyst that will move the stock up so it probably just be moving along with the China macroeconomic situations.

I closed $Boeing(BA)$  ,BA: Took profit on my long swing trade position on Boeing and secured a 5% win for holding on average 11 days. BA announced earnings better than expected and market responded with a 5% pop as of writing. There are multiple resistance zones from $210 to $217 regions with a gap fill, 100, 150 and 200 days MA all within that $7 tight range so it’s prudent to take profit than risking a quick reversal after the earning bullish sentiments settle down. Boeing is still grappling with tons of safety and management issues to settle so I won’t be holding a long investment position.

I opened $COST VERTICAL 240301 CALL 710.0/CALL 735.0$  ,COST: Sold bear call spread on Costco at 0.4 delta as I’m bearish on Costco after hitting new all time high around $705. The spread is wide to maximise my profit zone therefore the maximum loss is also high at $1900 per contract should the trade goes against me. Will start to lose money if Costco goes above $716 so I’ll monitor closely once it creeps above the lower strike price if $710.

I closed $GOOG 20240503 170.0 CALL$  ,GOOG: collected full premium of 1.2% over 32 days on this covered call with strike at $170. When I sold the the covered call at $170, I really didn’t thought that it will hit 😅. However, earnings announced on 25th Apr were really good and company went higher by 15% to $176.42 and that’s in the money. Glad the subsequent few days, perhaps with some profit taking, the stock trades at $168.9 at closing therefore allowing me to happily secured profits without having to lose my shares. The shares were bought much lower at $139 so there were profitable even if it gets called away.

I closed $SMCI 20240503 1020.0 CALL$  ,SMCI: collected 1.1% premium on SMCI covered call over 8 days with strike at $1020. These were sold at 0.1 delta and premium was still acceptable because IV were high prior to earnings. SMCI went down 14% after earnings on 30th April before now drifting higher possibly on buy the dip scenarios 🤔. Nevertheless happy to continue to collect some premium and try to recover this massive hole I’ve dug for myself when I turned bearish on the counter way too early and nursing a large short portfolio with average holding below $500. Will be a story for me to remember when I deviated from my own usual strategies. SMCI IV had collapsed significantly after earnings so will premium collection when

I closed $Alphabet(GOOG)$  ,GOOG: this is another batch of GOOG shares being sold at $170 for 22% profit as part of being called away via sold covered call that went into the money at expiry on 26th April. I collected GOOG in Mar for $139 and now happily sold them now at $170. While it’s not at its peak, I’m happy to cash out these shares and recycle the capital for other trades in the coming weeks. GOOG announce earnings on 25th April and handsomely beats the market and it went up 10% therefore breaching my covered call. Well, it’s a happy problem given the profit I’m already collecting.

I opened $SMCI 20240503 1020.0 CALL$  ,SMCI: sold naked call on SMCI with strike price of $1020 and contract duration for 8 days expiring 3rd May. Premium collection is 1.1% for this period. When selling, SMCI was trading at around $780 and since now it’s at $850, the contract is in the red. Nevertheless the strike at $1020 still provide $170 margin since I selected 0.1 delta options for this play. Earnings announcement on the 30th April will provide the uncertainty. Separately I have a cash secured put at $650 expiring same day so that formed a straddle even though I actually entered the trades on separate occasions.

I closed $GE Aerospace(GE)$  ,Happy New Year 2025! GE: take profit on GE to start the year positive.  Overall final trading day was bearish, so took opportunity to take some profit off these short positions and reduce my capital margins to prepare for new trade in 2025.