3days rule

 Stoks

• Legend says there's this 3 day rule after earnings where the stock will continue to go up/down depending on the results.
• For TSLA's case after its results on wed, the 'correction' continued on Mon with prices reaching as low as 254.12.
• Surprisingly, buyers came in and ended the day at 269 which was unexpected as majority were saying back to 240s.
• Share price was relatively flat, Fed increased another 0.25% and at this point the market doesn't seem to care anymore which is good for investors.
• Thurs had a large sell off probably due to the fed rate increase which seems the lag-effect after every fed decision.
• However, on the last day of trading, everything went back to normal although TA traders saw a bearish engulfing candle and market closed higher for the week.
• DCA-ed a little more on SG stocks for the dividend play, joined this tele group where I leech off many OG div investors.
• Bought 20 more TSLA on thur morning but didn't manage to take advantage when it went back to 255, damn.
• Current IV is getting lower each week, will be forced to sell csp at prices which I may not want to own at.
• Still left with more than 60% cash on hand and tbh market very excited now, not feeling the mood to buy.
• Good week for SG banks, will rebuy once ex div date is announced and TSLA closed at 266.44.

Recovered some UR gains, RG of 1573.78 USD

UR gains increased by ~4.1K

Put 150K USD in 5% TV while selling monthly puts for that locked amt

Life

• Burden Wang has inflammatory bile according to vet, will have to change diet to the expensive kibble. No more cooked food and old kibble.
• Contemplating to get a car but at 1.66K per month averaged out or unless an OPC or a see luck COE car?
• Watched MI7 with TBL, Tom cruise really no horse run. Part 2 will release in one year's time, looking forward to it...pkl

What was I expecting for earnings?

 Stoks

• Market expected deliveries not to beat, TSLA managed to beat.
• Market expected earnings to beat, TSLA managed to beat but at the cost of lower gross and operating margins as a 'car' company.
• Share price rose to highs of 299 on Wed but closed at 291, fomo-ed in and the rest is history.
• Initial thoughts were expecting earnings to miss but got influenced by share price since previous NVDA was red before doing the 20% AH jump.
• Together with the way EM spoke to the market, it clearly didn't understand a Martian way of speaking thus confusion equals sell off.
• Share price closed at 280 AH, sold down to 262 on Thurs and closed at 258 AH on Fri.
• Mistakes were made, got greedy and didn't hedge with puts for the 3rd earnings, big lesson.
• No more options during earnings week and HHH.
• From last week profits, gave back 28K USD including UR gains based on numbers on TB.
• Together with the new Nasdaq rebalancing rule, sell down definitely had something to do with the rule. Mon may sell another sell down as people starting to cut loss.
• Profits lost also due to rolling of options downwards, will stop at 1.5K shares max unless prices go below 200.
• Allocating remaining back to reits and banks, bought UOB, AIMS, FCT, LREIT and MLT this week.
• Holding 580 shares at 259.58.

Down-ed 28.3K URG and RG but fx recovered some pf value

 Up-ed 1.7K URG due to good timing for UOB purchase

Life

• Burden Wang is experiencing some body issues, hopefully he can recover asap.
• Made up mind to get a 2yr elantra around 2yrs + but too bad, car has been bought by someone else. 
• 1 more mth for remaining lease of car, let's see whether any fate towards a car of similar specs.
• Tried to service the aircon but damn not worth the time...pkl

TSLA hit 285 but managed to close at 281

 Stoks

• From last Fri's close at 274.43, TSLA went on a shallow V bounce for this week, gaining 1.82% vs 2.53% SPY and 3.6% QQQ tbh an underperform for a 2 beta stock.
• Managed to buy some at 269 and 267 bringing total holdings to 300@ $268.71.
• Options profit for this week came to around 4.8K USD which was higher than usual due to selling slightly atm puts.
• But CPI/PPI came in better than expected and caused USD to weaken among the other big currencies including SGD. Almost 3% depre in this week alone.
• Ended up with a lower pf value as premiums couldn't cover the fx rate.
• Current holdings stand at approx 15% stock allocation, will be looking to purchase if prices are good. If not, dca to SG banks just as a diversification.
• Hoping USD will strengthen in the following weeks, 28 more days to last premium to be paid for 2023.
• TSLA earnings is happening on Wed, imo won't be able to beat and share price will probably go down to 250s. Deliveries beat happened due to unexpected thus bulls expecting a beat should face a borderline beat/fail.
• Sold 4 puts each at 257.5/255 and 2 at 262.5, leaving 455K to sell on.

Up-ed 4.8K RG and 3.9 URG but thanks to fx rate...

Life

• Received 15450 last Sunday after last post was posted, some issues with watch but not putting much high expectations on them.
• Ironically feeling better towards PD, bloody delivery is take so long compared to previous orders.
• Went to check out Decathlon shoes but tmd sole is hard af, compared to the usual pair of climbing shoes, the difference is massive....pkl

TSLA beat-ed deliveries expectation

 Stoks

• Results for TSLA Q2 deliveries were released on Sun, beating market's target by 4%.
• Stock immediately rose more than 7% on the next open but slowly trending down as resistance was strong at ~284 which happens to be the top.
• More n more automakers are converting to NACS via TSLA, remaining few are the stubborn ones like BMW n HYUNDAI etc
• Long term wise, TSLA should be a solid investment but buying at prices now feels no-go.
• Took some profit on my 450shares bought last week and sold new weekly puts at 260 n 265 for half of PF value.
• Positive catalyst for TSLA are becoming more obvious and there isn't much reason for share price to JBB.
• Feels like a big risk not investing in the market now but saw this phrase from thomas chua, "buy more when you feel like puking and buy less when you feel undefeatable."
• Bought almost 50K total worth of DBS/OCBC, will be slowly buying in from TSLA premiums.
• 1 more mth to aviva last premium for the year.

Up approx 6.8K USD from previous week but down 400 SGD from banks

Life

• Bought 2 new PD, 1 starbucks and 1 rootbeer gmt based on the reviews from YT.
• Will be receiving the 15450 by end of this week hopefully.
• Feeling the urge to get a blusey 116613 but can't make up my mind.
• 1st week of July has passed, 2 more months to cruise...pkl

End of Q2

 Stoks

• Really strong quarter with a few big tech reaching all time highs, AAPL went back to 3T and closed at 193.
• YTD was approx 55% compared to 17% for SPY and 40% for QQQ.
• TSLA managed to close higher than previous week at 261, deliveries will be released on Sun.
• Have a feeling market is pricing for failure, expectations are set at 446K while most Twitter is aiming for 450K and above.
• Bought 150 more TSLA and 100 GOOG in this week but total stock % allocation is still low at 17%.
• If share price tanks, will be more willing to sell more puts. It's still a win-win for me, since cash reserves are still at high levels.
• Took the SGD cash voucher and managed to get $11 worth of rebates in cash.

Up approx 3.3K from last week, due to new stock purchase

Life

• Seems like car purchase is not happening as of now, thinking of getting a ND sub or a bluesy/starbucks just to hedge.
• Still waiting for QC for 15450....pkl