Saturday, 20 May 2023

NVDA 52 week ath, PLTR 5day up 26%

 Stocks

  • NVDA really no horse run, since the ai hype, stock has been going up non stop. Remember when I sold 260put 2months ago to now 312.
  • PLTR released earnings on Mon, front run-ed from last Fri and beat expectations. As an 'ai' company, market together with ARK went on a frenzy buying spree.
  • Up a total of 58% since last fri's opening of 7.41 to 11.71. 
  • Will it run next week, probably, who knows.
  • Good timing again, sold SPY only for it to run up to highs of 420s but closed at 418.6.
  • Luckily, sold some csp and managed to lock in some profits, did the calculations, by leaving the options as it was last week, would have gotten 1k+ more in value.
  • TSLA got some momentum to 180 and I decided to sell some puts on TSLA at a 14.5% of portfolio value less future premiums.
  • Holding just weekly TSLA puts and 0.3 6 to 7 weeks out SPY puts at the moment, 64% is in TV earning approx 93 SGD per day while puts are expiring. Remaining cash is acting as requirements for margin.

















Just 0.3 delta for SPY, split TSLA 0.3 delta every fri



Life
  • Weather has been better, not as hot as previous week but sleep cycle is still bad.
  • Managed to slowly sleep at 11pm and waking up 12 hours later, dk if it will continue tonight.
  • Showed rep to family, surprised they were pro-gen but to each his own, if a 700 watch can bring joy why not?
  • Still stand by novelty wearing off within a short period, surprised by someone wearing a fake Tag when rp stands at 5k.
  • Turns out I may not get a new car afterall as after feedback, it's not really practical. Will be getting back 70 in eoy as long trader friend does risk mgmt correctly...pkl

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