Options Week Review: Technology Stocks Are Once Again Entering the Batting Zone!

Good weekend, Moo friends. It's been a wonderful week, and it's worth spending a lot of time to review the game in detail.

Let me first talk about my positions. Before the Federal Reserve's interest rate discussion, I opened a SPY PUT as a hedge. Happily, this option was abolished, and S&P rose sharply for 4 days. The underlying shares currently held include $Apple(AAPL.US)$ 、 $Tesla(TSLA.US)$ und $动视暴雪(ATVI.US)$ I have an ATVI sell put with an exercise price of $80 which expires this week, and so I will add another ATVI position at $80. The overall cost is still $80. Although the original stock is in a slight loss, it has been two months since I made the ATVI Sell Covered Call with a price of $82, and there seems to be no loss overall.

AAPL, my cost is still $155, and the $150 Sell Put due this week didn't go smoothly to increase my position. TESLA, which costs $960, was purchased through exercise of rights in February, and I set up Sell Put $780 and didn't exercise the right.

Next, let's talk about the market. The market has returned to a trend where growth stocks drive the market, and NASDAQ far outperforms the Dow. Large growth stocks also outperformed small ones. It can be said that after the news of the Federal Reserve's interest rate hike price in, profitable growth stocks were full of momentum. First, they did use profit as a margin of safety, and second, they killed valuation repairs in the early stages. $S&P 500 Index(.SPX.US)$

$S&P 500 Index(.SPX.US)$ I drew before the Friday market. I was already very optimistic at the time. I think it was already rising for 3 days, and maybe it would pull back up. As a result, on Friday, it only opened a very, very low level and then pulled all the way up. This may be related to the delivery drive recovery for 4 consecutive days. Anyway, it has been pulled close to the annual line of $4470 for 4 consecutive days. I still think there will be a correction level correction next week. The pullback position is still near the trend line that broke through on Thursday. I'm not looking at around $50-43300. Too precise numbers .

After the pullback, I'm still optimistic about rising, and I've always said that there will be a good market until at least April. However, if S&P wants to return to the bull-bear dividing line, that is, it is only a real return to the upward trend. The current rise is all a rebound after a sharp decline. I think the index may also decide the direction after consolidating between the $4470 and $4550 annual line. $S&P 500 Index(.SPX.US)$

The trend of NASDAQ is similar to that of S&P, but it only rebounded to the 50-day line on Friday, and continued to rise after a minor correction. When momentum returns to growth stocks, it should be Nasdaq with S&P or even the Dow. The trend of large technology stocks is similar to Nasdaq, so there's no need to look at them one by one. If Nasdaq rises, the strong semiconductors, etc. in the early stages will perform better, such as Nvidia and Asmack. $Nasdaq Composite Index(.IXIC.US)$

In fact, Tesla is just like Nasdaq. Tesla's double bottom is typical. The fact that it bottomed out a second time and did not drop to $700 also shows its strength. Although TSLA surged above $900 on Friday, I think the $900 line will be repeated, probably between $850 and $900 per year. Then, in the next month, TSLA may enter another trading period ideal for options. I hold the underlying stock and will continue to sell covered calls above my cost, which is $960-1000. Then I'll make a Sell Put under $850. $Tesla(TSLA.US)$

$NVIDIA(NVDA.US)$ It can be said that they are very strong among tech giants. Semiconductors are already the strongest sector in technology stocks, but Nvidia is also the strongest in semiconductors. All trend lines have come out, and the two day rise has been accompanied by volume. If there is a correction next week, I think it is a perfect buying opportunity. It is bullish and optimistic to $295-300.
$NVIDIA(NVDA.US)$