Stocks
- As mentioned in previous post, this person all in on TSLA due to his failed revenge trading and now holds 1017 shares as of 12/6 at cost $754.6 per share. Selling weekly covered calls to earn premiums while waiting for strike to hit $760.
- S.Price has to remain relatively flat or else premiums will decrease every week. Based on CGS, oil is gonna be $200/barrel and that sucks for most companies.
- CPI was over expectations and market tanked on Fri, this week will be the next fed rate hike again and I'm feeling a rally will happen as long it is expected between 0.5 to 0.75
- Looking at crypto markets, market cap will fall to under 1T in a matter of time and all roads will lead to BTC eventually. What decentralisation, web 3.0 all is BS
- Although its been a week since trading, the sight of looking at charts is really boring and basically you are fighting against professionals with nothing but hope.
- Nevertheless, never stop trying as things may work out
- If markets really crash then life still has to go on, $2000 a week is still alot of me personally unless I take the gamble of selling next year calls while selling naked weekly calls.
- Best situation is market rallies and then I sell atm calls for next year. PKL
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