Sam Koovappadi

TSLA - Sold Bull Puts 215 and Bought 210 expiry Jan 26 - for a net credit of 2.33. That means for every 100 options collected $233. Risk is $500 ( width of the spread) less premium collected $233. Close to 1:1 Risk to Reward. As long as TSLA trades above $215 on expiry - I can get to keep the premium. Of course, I may not hold it that long... Stay close. Why did I do this trade?TSLA on the daily chart is close to -3ATR. During the last one year, it has been in this range only for a few days, so likley this would move higher than $215, specially with earnings coming up on Jan 24

TSLA at EOD is close to -2ATR. This has happend only twice in the last year.Once in Oct and for a few days in August. If this hows signs of bouncing from these levels( hope so), will be selling Bull Puts. Lets see how it flies. Thinking of -220+215 @2.22.

Can NVDA go higher? Results slated for 24th, I believe.

Markets are extended and may be looking to correct. I am planning to buy AMZN butterfly Jun expiry for $21 a contract - Risk to max potential reward is 100 times. Very slim chance of hitting target.AMZN need to retract by $150 over the next 3 days! 2175/2200/2225 @ $21 per contract. Max potential $2500 per contract. These are trades where you need to assume that we could have max loss.

What do you think Bitcoin will do this week?

SPY chart this morning. This has been bullish for a while and could see a correction back to the 21 day ema If SPY closes twice below +1ATR, maybe time to start looking at Bearish trades..

Is Bitcoin better than Ethereum in the short term ( less than 1 year?) what do you think?

PLBY has a great looking chart a sqeeze, stacked EMa is green, ADX is positive and above 20 and high leverage Beta at 4.2, going places?

Do you think SPY will make new high this week?

*DISH* put credit spread that i am looking at today.... Risk reward at 1:1 expires Jun 18....Always consult your qualified advisor before you trade...