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Daily Loss of 1195.7 Option Journal #24

MoneyEnthusiast

Jan 12, 2021
2 min

Daily Loss of 1195.7 Option Journal #24

The market was up today for Tesla. I was dumb enough to trade a call option for Tesla and lost money. I should have not played at all but, as the market for Tesla was shooting, I just followed the lead on it. When the market is too hot, I know I should have not played the action, but today I was dumb. Another play that I did was dumb as well. Yesterday, since the margin that I used for Etsy was high, so I decided to go with the iron condor on the play for Etsy. However, the E

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Weekly Profit of $4077.6 Happy New Year Option Journey #23

MoneyEnthusiast

Jan 11, 2021
2 min

Weekly Profit of $4077.6 Happy New Year Option Journey #23

New Year has arrived. Hopefully, this year is better than last year. Personally, last year was a blessing due to housing price increase and stock market rally. However, for anything other than that was a disaster for me as well. I sincerely hope and pray that this year will be the year that we come over COVID-19 and get better as the whole world. Last week, I did not post what was going on with my trade. I did make some trade but not substantial. I did make a trade for AMZN f

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Option Journey #22 Tesla Rollup Again Goodbye 2020

MoneyEnthusiast

Dec 31, 2020
3 min

Option Journey #22 Tesla Rollup Again Goodbye 2020

Tesla has been up again today. I believe the market will correct itself in some time in the future. For that reason, I have rolled up Tesla again to 780 and one more weeks out. The cost basis is around $12 a share at the moment is $27.6642. When the market Corrects, I will recoup it and close it out with the closer expiration date. If the expiration date is too far off, I will make money, but it is hard for me to buy more shares. The whole purpose of the strategy I am doing

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Option Journey #21

MoneyEnthusiast

Dec 30, 2020
2 min

Option Journey #21

As ETSY has been down for the past few days, I wanted to go back to ETSY for a few days. It was top at $198, now is around $180. It went down to the $170 level and bounce back up. For that reason, I had confidence that It will not go below the $160 level, therefore, I made a larger spread with it. Generally, I go with the $5 spread or less, but in this case, I went with the $10 spread for it. If I am wrong on few days, I will close out the trade due to too high of the spread

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Daily profit of $340.7 Option Journey #20 (Roll up Tesla Cover Call)

MoneyEnthusiast

Dec 29, 2020
4 min

Daily profit of $340.7 Option Journey #20 (Roll up Tesla Cover Call)

This is the last week of 2020. The end of the Pandemic is near. The future is here. I hope and pray everything goes well for 2021. This week's trading is slow since the market is flat or not much volatility that I can see. However, there are some winners and losers for the last week's trade, and I already close out some of the positions due to several reasons. First I closed out the ZM with the loss. When I roll down the ZM, I thought that was the bottom, apparently, it does

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Weekly Loss of $1230.79 Option Journey #19

MoneyEnthusiast

Dec 24, 2020
1 min

Weekly Loss of $1230.79 Option Journey #19

Finally, the 2020 Christmas is here. I never thought that Christmas can come in this year, yet it is here today. As I said yesterday, there is no position that I can close out today. Which makes the loss it is what it is with $1230.70 for the week. The Volatility was not there and also I did not sell much as well. Also, it had 4 days vs 5 days typical weeks. For that reason, I sold one more position of Netflix (NFLX) which was above the $500 level since the earning. It is hov

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Loss of $1481.02 Weekly option Journey #18

MoneyEnthusiast

Dec 23, 2020
3 min

Loss of $1481.02 Weekly option Journey #18

S&P was flat, Dow was up little, and Nasdaq was down a little today. However at the mend of the market, stock market was plummet which indicate tomorrow's market can be very week. In the after hour at the moment, tomorrow's market seems to be stable now so nothing too much to worry about it at the moment. Zoom (ZM) was the one holding went down about 6% today. It create my position on ZM at the maximum loss. Thank God that I only sold 5 contracts of it. Since it was not only

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Profit of $778.47 Weekly Option trade Journey #17

MoneyEnthusiast

Dec 22, 2020
2 min

Profit of $778.47 Weekly Option trade Journey #17

The new news that came out yesterday which I did not look at closely was about Apple (AAPL) and JP Morgan( JPM). AAPL is the market leader / highest valuation company in the United States / ultimate recession-proof stock. It announced that they will make their own chips not only that they are going into the car space like Tesla by 2023. It gave great confidence to the investor and it seems there is no stop to it. Since it is not as volatile as Tesla or other stock. I decided

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Loss of $528.24 Weekly Option Journey #16 Fear of the Market

MoneyEnthusiast

Dec 21, 2020
2 min

Loss of $528.24 Weekly Option Journey #16 Fear of the Market

The big wave is coming. Two major things were happening while this weekend has passed. The first thing is the great news which is the 900 Billion Corona-Virus Bill has passed with the House and the Senate. It will boost up the economy. This is the plus sign for it. The other one was the Corona-Virus concern rises in UK region which leads the market to drop. The general market was down around 1.5% before the market open. However, when it actually open, it was around negative

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Weekly Profit of $4331.51 for Trading option Journey #15

MoneyEnthusiast

Dec 19, 2020
2 min

Weekly Profit of $4331.51 for Trading option Journey #15

This week's talk is all about Tesla Tesla Tesla in the market. As all of my portfolios are in Tesla at the moment, certainly it was a good week for the trading profit. Also, for all of the position for the options trading was positive trading so I am glad that it actually happened in this way. Although as I am transferring from a Traditional to a Roth account at the moment, E-trade gave me a horrible experience with it. I am thinking of moving over to TD-Ameritrade after the

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Is it Roth Conversion right for me?

MoneyEnthusiast

Dec 17, 2020
3 min

Is it Roth Conversion right for me?

As I posted last time, I was doing a Roth conversion from my traditional IRA. The reason I am posting this blog is that since I cannot trade for yesterday and today, I wanted to write something to add some value to the blog. The fundamental fact about the traditional IRA is that it is a tax deduction on your income and tax-deferred growth. However, it has tax consequences when you take out the money. Especially if you are under 59 1/2, it has added a 10% penalty to it. Hypoth

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Jade Lizard Strategy to make money Option Trading Journey #14

MoneyEnthusiast

Dec 15, 2020
3 min

Jade Lizard Strategy to make money Option Trading Journey #14

The market has been crazy for the past few weeks. For Tesla enthusiast myself, I am optimistic about the Tesla and market, but it is too hot at the moment. As Tesla will be added to the S&P 500, I don't think that market will tank drastically so I decided to do Jade Lizard on it. What Jade Lizard is you sell naked put and have a vertical spread call on it. In my trade, it is the opposite, however, I don't know the other names of it so I called it Jade Lizard on it. I sell cal

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Weekly Profit of $4742.17 Trading Option Journey #13

MoneyEnthusiast

Dec 11, 2020
2 min

Weekly Profit of $4742.17 Trading Option Journey #13

Today I have closed ETSY, PLTR, COST all with a profit. Although COST's earning play could not get the full profit, it was still above the strike price I decided to close out early. It is too close to the strike price at the moment. Although I did not get the full profit of the week, I am still satisfied that I made over $4700 for the week. In return, for the next Monday, I can buy 6 more shares of Tesla. I still want to increase the cash position as well. So most of the mone

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Profit of $$649.3 Trading Options Trading Journey #12 (revised trading)

MoneyEnthusiast

Dec 10, 2020
3 min

Profit of $$649.3 Trading Options Trading Journey #12 (revised trading)

Yesterday was a big red day. The unrealized gain was around $8000. I do not care about the unrealized since I did not sell it at that time. However, If that's close to the due date, I do care a bit. Today, the market is bouncing back up as just recouping from yesterday's sell-off. For that, right now my account is up around $2800. Most of the selling put option has made money, but TSLA is red for the day which is my 100% of the stock is red. I have lost an unrealized loss of

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Profit of $489.6 Cover Call Option Trading Journey #11

MoneyEnthusiast

Dec 9, 2020
3 min

Profit of $489.6 Cover Call Option Trading Journey #11

The market is going down today. As my Tesla is currently down to $630 a share. It is down about $20 a share at this point. Right before this, I decided to cover call my Tesla for a $5.2647 premium. Since I do own more than 100 shares of Tesla, I can sell my call option at a higher price point than right now. I have sold the call option for $690 for 1 contract for $5.2647 expires this Friday. Essentially if the market goes down, I will just collect the premium and if the price

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Profit of $300 Deep Buy Strategy Trading Journey #10

MoneyEnthusiast

Dec 8, 2020
2 min

Profit of $300 Deep Buy Strategy Trading Journey #10

Famous Warren Buffet once told us “fearful when others are greedy, and greedy when others are fearful.” It is the fundamental truth in the stock market. As the stock market is the aggregation of the people's mind game. As many people play this game, some bets on going higher some bets on going down on a stock, the stock market move very volatility. Because of that volatility, many times people act very irrationally. When there is news comes out, if it is positive news, people

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Profit of $379.7 Weekly Options trading Journey #9

MoneyEnthusiast

Dec 7, 2020
3 min

Profit of $379.7 Weekly Options trading Journey #9

reference: finviz website The market today is mixed. S&Pand Dow has been going down. Nasdaq, thanks to Apple and Facebook Netflix, and of course Tesla it went up. For my holdings thanks to God that it actually went up. All of the position was up. In fact one of the trades went up so much, I decided to close out the trade and put a new trade for it. Today PLTR moved quite a bit. It went up as high as 16% today. Now is about 13%. Because of the big move, I already captured 80%

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Profit of $3388.4 Weekly Options trading Journey #8

MoneyEnthusiast

Dec 4, 2020
2 min

Profit of $3388.4 Weekly Options trading Journey #8

Today is a good day. I have closed SQ, Etsy, DOCU all with almost 0. Total profit of $3388.4 for those 4 trade close. This means I can buy more tesla stock next Monday. I do not want to be too aggressive in the trading, so I will open a small position on ETSY, SQ, and AMD position. Today. I wanted to add Tesla for the Iron Condor, but I want the price to be closer to $500 or $700 to open the trade. If the price goes down to $550 I will open the trade for $495/500 vertical put

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Profit of $1373.6 Weekly Options Trade Journey #7

MoneyEnthusiast

Dec 3, 2020
2 min

Profit of $1373.6 Weekly Options Trade Journey #7

Since the market for Tesla went up due to Goldman Sach is looking optimistic about the stock. It went to just below $600 today. As other index funds have to buy a Tesla stock on December 2, the stock should remain strong. However, since I already got the most of the money from my selling put and call option, I decided to close out the position day early. There is not much to gain from the 6 cents remaining. The upside for those amounts will be much smaller than the downside i

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Selling Put Option and Make $1000 a week Trade Journey #6

MoneyEnthusiast

Nov 30, 2020
2 min

Selling Put Option and Make $1000 a week Trade Journey #6

As I was made money last week for the trading option, I purchased 3 more shares of Tesla today @ $582.96. The price is irrelevant to me at the moment since I just wanted to gather as much as tesla stock at the moment. At the same time, I wanted to play the selling option to maximize the return with it. As I wrote the Etsy has gone up significantly on Friday, I do believe it can go up but there is little chance that it will go through the $170 mark by the end of Friday. The pr

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