US Stock Papertrading Season 2: Who's in the top 10 last week?

🎉Congratulations to the top 10 mooers on the leaderboard

The top three traders of last week didn't engage in much trading, as there was significant market volatility due to the U.S. elections, which brought a lot of uncertainty to the market. In a high-volatility market environment, choosing to observe the market and wait for the right opportunity is also a viable strategy.

Last week, the escalation of trade tensions combined with ASML's disappointing earnings guidance led to a sharp decline in U.S. tech stocks, especially chip stocks, dragging down the Nasdaq. From the earnings reports already released, the fundamentals of major tech giants do not show serious issues. The key issue remains overvaluation. Waiting for tech stocks to pull back to slightly more attractive levels could present investment opportunities once again.

In this situation, if investors want to bottom-fish tech stocks but believe the target company hasn't yet reached a psychologically suitable price to add positions, they might consider selling puts at appropriate prices. If the stock price falls below the strike price, they can acquire the stock at a lower cost after the option is exercised. If it doesn't fall below the strike price, they can still earn the premium. However, this strategy involves certain risks. Investors should ensure that selling puts does not exceed their planned allocation for adding positions and that there is enough margin in their accounts.

This week, the most noteworthy events are the earnings reports from Google and Tesla. The earnings releases of two tech companies last week caused significant fluctuations in AI stocks, and it is highly likely that Google and Tesla's reports will also trigger substantial volatility in their respective sectors.

Additionally, Biden's withdrawal from the U.S. election has once again introduced uncertainty into the market, causing the prices of gold and Bitcoin to rise. The Trump trade is expected to be further strengthened, likely becoming the dominant trading theme in the next market phase. Investors may want to pay attention to Trump-related concept stocks.

100 points: any participating user with at least 1 post during the event period.

1000 points: the top 10 high-quality users with their trading insights, including at least 1 P/L image and a minimum of 10 words in this page.

AUD50 cash coupon: for the top writer of unique, on-topic, and in-depth trading analyses (including P/L records) throughout the competition.