Direxion Daily Semiconductor Bull 3x Shares
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Mar/2023 Plan for $SOXL

621
GT ($8.77) - VTN ($12.5) - Fibo ($12.45)

Plan A: Sell put option one month expire to earn premium at $12.5. Goal to earn 4% monthly premium from collaterals money.

Plan B: I am willing to hold SOXL long-term at $12.00/share if I need to exercise my Plan A sell put option.

Plan C: I will sell cover call option for Plan B to earn 4-5% monthly premium income from the stock value and dividend income.

Plan D: Only sell my SOXL at $19.00 for 55% capital gain from $12.00. Or I will continue to do Plan C to earn 4-5% monthly premium income from the stock value and dividend income.

Dagangan aktif
03/24: Sell put option SOXL 12.5 Put Apr 28, 2023 (35 days). Cost per share $0.55 =~ 4.4% collaterals.
Dagangan ditutup secara manual
04/10: Closed manually put option SOXL 12.5 Put Apr 28, 2023. Cost per share $0.19 earn 2.8% from the collaterals.
Nota
04/12: Sell put option SOXL 13.0 put May 12, 2023 (30 days). Cost per share $0.55 = 4% collaterals.

I really like this strategy because time decay is on my side. I am willing to hold this stock when it is at price 12.5 - 13
Nota
4/28/2023 - follow up on trade on 04/12 sell put option 13 May 12,2023. The trade is still going... SOXL touched $12.50 on 04/27 and immediately bounce back with strong hammer candle in Daily TF. Showing potential direction going up again.

$12.50 is the sweet spot.
Dagangan ditutup: sasaran tercapai
Today 5/18/23 - price reach $17.67 - sell put option reach 99% premium income.

This strategy work has working for me since Mar 2023 and I keep collect 4-5% /month premium income from collateral at $12.50 - $13 level.

Now when price is at $17.67.... i could not collect 4-5% at level $12.50 - $13 anymore. It is only 1.5% for 30 days at I check on 5/18/23. I decide to close this strategy here.
Nota
THE SHIP HAS SAILED. GOOD LUCK EVERYONE!

Penafian

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