CasualInvestor
commented on and voted
Early part of the year 2024 made a calculated risk to Sell Put (Short Put aka naked short) $Tesla(TSLA.US$ $Apple(AAPL.US$ .
As its LEAP (a long duration), there were some ups and downs which even have margin calls scare.
Time for an important message.
Disclaimer Options are not for everyone. If you are new and want to learn, read up more and understand the risks 1st. Stay to the buy side of Calls and Puts. Selling options especially naked are High in risk and losses ar...
As its LEAP (a long duration), there were some ups and downs which even have margin calls scare.
Time for an important message.
Disclaimer Options are not for everyone. If you are new and want to learn, read up more and understand the risks 1st. Stay to the buy side of Calls and Puts. Selling options especially naked are High in risk and losses ar...
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CasualInvestor
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Apple Q3 2024 earnings conference call is scheduled for August 1 at 5:00 PM EDT /August 2 at 5:00 AM SGT /August 2 at 7:00 AM AEST. Subscribe to join the live earnings conference with management NOW!
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What do you expect from Apple's Q3 earnings? Will the company beat or miss the estimates? Make sure to click the "Book" button to get what management has to say!
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This presentation is for information and educational use only and is not...
Beat or Miss?
What do you expect from Apple's Q3 earnings? Will the company beat or miss the estimates? Make sure to click the "Book" button to get what management has to say!
Disclaimer:
This presentation is for information and educational use only and is not...
Aug 1 16:00
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$S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Dow Jones Industrial Average(.DJI.US$
FOMC Press Conference is scheduled for July 31 at 2:30 PM ET /August 1 at 2:30 AM SGT/August 1 at 4:30 AM AEST. Subscribe to join the live NOW!
Chair Jerome Powell stated that the Fed needs greater confidence in inflation dropping to 2% before cutting rates. The CME FedWatch Tool shows over a 90% chance that the Fed will keep rates unchanged at its July meeting. Powell mentioned on J...
FOMC Press Conference is scheduled for July 31 at 2:30 PM ET /August 1 at 2:30 AM SGT/August 1 at 4:30 AM AEST. Subscribe to join the live NOW!
Chair Jerome Powell stated that the Fed needs greater confidence in inflation dropping to 2% before cutting rates. The CME FedWatch Tool shows over a 90% chance that the Fed will keep rates unchanged at its July meeting. Powell mentioned on J...
Jul 30 13:30
Book 4
Its friday and I like to keep things quiet. Stay away from Red, Grey or Green background 🆗. ![]()
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Fight another day.
$NVIDIA(NVDA.US$ Brother Huang and Mark Z AI talk on 29 July - SIGGRAPH, maybe exciting announcements coming. Feeling Bullish.![]()
$Tesla(TSLA.US$ Started strong and dip, usual 🎢 . Remember to strap in for the free ride.
$Apple(AAPL.US$ Still Bullish with new product launching![]()
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$NVIDIA(NVDA.US$ Brother Huang and Mark Z AI talk on 29 July - SIGGRAPH, maybe exciting announcements coming. Feeling Bullish.
$Tesla(TSLA.US$ Started strong and dip, usual 🎢 . Remember to strap in for the free ride.
$Apple(AAPL.US$ Still Bullish with new product launching
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CasualInvestor
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July month is not a good month. Tho not giving up. There is hope in this loss. Dare to show your losses so we can all learn more.
Topping up more and not giving up!
@CasualInvestor @Daniel Jeya Raman @George Soros II
Topping up more and not giving up!
@CasualInvestor @Daniel Jeya Raman @George Soros II
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![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined"){kind=small}
But be aware if it’s better to cut loss to switch to another better stock or stick to the original ‘come what may’
CasualInvestor
liked
Treat it as your business. Never give up. Patience is the key to trading success.
Like for Like. Thank you
Like for Like. Thank you
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CasualInvestor
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Like for Like. Thank you
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CasualInvestor
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I also can increase profit for every stocks I trade. ![]()
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CasualInvestor
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$Tesla(TSLA.US$ usually friday stock prices will fall. Why the sudden upward trend? Due to ‘cheaper’ stocks so people buying in or fake bounce.
Yesterday’s Call making good profit. Hold or Profit take?
Yesterday’s Call making good profit. Hold or Profit take?
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CasualInvestor OP 151334572 : You need to understand what does shorting a stock means. As I did the opposite.
Technically it’s borrowing a security whose price you think is going to fall and then selling it on the open market.
I did the opposite as I’m hopping for the price to rise so that I can earn from the premium. Meaning I sold a put and kept the premium from the contract and plan to hold it till it expires.
CasualInvestor OP 151334572 : ChatGPT response to make it clearer for you.
When you sell a naked put, you are not shorting a stock directly. Instead, you are selling the right to someone else to sell you a stock at a predetermined price (the strike price) by a certain date (the expiration date). Here's how it works:
1. **Selling a Naked Put:** When you sell a naked put option, you collect a premium from the buyer. You are obligating yourself to buy the underlying stock at the strike price if the buyer chooses to exercise the option.
2. **Potential Obligation:** If the stock price falls below the strike price, the buyer of the put option will likely exercise their right to sell the stock to you at the strike price. This means you would have to buy the stock at the strike price, potentially at a higher price than the current market price, leading to a loss.
3. **No Initial Stock Position:** When you sell a naked put, you do not own the underlying stock initially, nor are you borrowing it to sell (as in short selling). You are simply selling the option, not the stock itself.
In summary, selling a naked put involves taking on the obligation to buy the stock if the option is exercised, whereas shorting a stock involves borrowing shares to sell them with the expectation of buying them back at a lower price.
CasualInvestor OP 151334572 : Hope it explains so you won’t anyhow push your unhappiness to others.
CasualInvestor OP ZnWC : I can either profit take before that or buy the stock as it’s so cheap to me then.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
CasualInvestor OP Key2Largesses : I’ve shared on a previous post (link below) how taking premium and reinvesting it can work while the options expire OTM. You can have a look but the short answer is yes.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
2024 Good or can be Better?
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