Entries by tony

Options Trading Monthly Report December 2020





The music stopped (metaphorically speaking). After two months of consecutive 10% return in a single month (10% of the entire account value), a large mistake I made caused the music to stop. It was still a positive PNL month overall but this taught me a good lesson, which will be discussed in more detail. Volatility […]

NAT | January 10, 2021 The Wheel Options Strategy





NAT showed up on my screener because it had a large IV percentile increase recently Fundamental analysis shows it is unlikely to go bankrupt despite the fact that it is close to an all-time low A recent insider purchase Technical analysis shows a potential upside Discussed why I like to focus on selling Put rather […]

LQDA | January 2, 2021 Weekly Options Trading Review





Video Notes The market was volatile on Monday / Tuesday Market internal showed the market volatility was not likely a long term event. LQDA: A good set up to sell the $2.5 strike assuming no significant development for the stock in the next few months.

Electric Vehicles Related Stocks Are Heating Up – AYRO, CAAS, CBAT





No matter which investment-related websites I visit these days, articles and discussions about Tesla and Nio Inc keep coming up. While these two stocks do not show up on my options screeners, I do see a lot of other stocks related to electric vehicles that skyrocketed recently thanks to the electric vehicles boom that’s going […]

CBAT | December 18, 2020, Weekly Options Trading Review





Video Notes The market price was bullish overall. VIX and VIX indicators not showing warning signs, even though a mini spike in VIX happened recently. CBAT: A good set up to sell the $2.5 strike Put Jan 2021 expiration option.

Options Trading Monthly Report November 2020





This is the second month I managed to achieve a more than 10% return in one month by focusing on trading the Wheel Strategy. Ever since I started spending 80% of my energy on the Wheel Strategy (the remaining 20% goes to trading VXX or UVXY), PNL has improved substantially. Prior to start focusing on […]

My Checklist To Start Trading Options Full Time





Have you ever asked yourself “Why do I trade?”. The obvious answer is to make more money, but have you ever asked why we need to make the amount of money we think we need to make? For me personally, at the current stage of my life, the main reason is to support my family. […]

How To Trade VXX Options?





When it comes to trading VXX options, it is important to understand the nature of this exchange-traded note (ETN). By design, VXX price is going to depreciate over time. Generally speaking, I mainly trade VXX options in the direction of price decay and do not buy VXX Call in anticipation of its price to go […]

Options Trading Monthly Report October 2020





Is it possible to make a 100% return a year with options trading? I am sure many of us have asked this question. One year ago, I would have said “Possible but unlikely”. Today, my answer is “It is possible with the Wheel Strategy“. October was a really exciting month because not only the PNL […]

How To Screen Options / Stocks For The Wheel Strategy?





When it comes to trading the Wheel strategy, I think there are largely two schools of thought. One is to profit primarily from focusing on selling Covered Call by finding stocks that have a high potential to continue to increase in price. The other is to profit from selling premiums by focusing on selling Cash […]

Options Trading Ideas – BCLI





BrainStorm Cell Therapeutics has an upcoming top-line data readout for the NurOwn® Phase 3 trial in ALS, expected by the end of November. The implied volatility (IV) is extremely high right now for December expiration options (image below). $5 strike could potentially get $2 which is equivalent to more than 30% return in two months […]

How To Find Stocks For The Wheel Options Trading Strategy?





One of the common misconceptions that I see when it comes to finding stocks for executing the Wheel options trading strategy is “I want to own the stock”. People who jump into the Wheel strategy with this thinking will likely get low ROI (Return of Investment) unless they are really good at fundamental analysis or […]