$Eli Lilly(LLY)$ 1️⃣ Why am I making this trade now? LLY has been in my portfolio for awhile to diversify my industry/sector mix. Bullish on GLP-1 and adjacent pipeline. LLY has also been trying to expand aggressively to other categories through R&D and acquisitions. Technical breakout of resistance and MA50. 2️⃣ What’s my plan from here? Continue to monitor price movements and changes in fundamentals. Its an investment and not a trade for me, so ill add to my positions periodically and sell only when there are signs that my beliefs/thesis may not be correct.
$GOOG 20261023 315.0 PUT$ 1️⃣ Why am I making this trade now? Sold puts at the MA200 support area. Alphabet/google is under short term pressure with competition in AI space increasing with Meta's muse. Believe that GOOG is undervalued so i do not mind taking delivery of the option as well 2️⃣ What’s my plan from here? Continue to monitor technicals to see if the MA200 support holds before deciding whether to roll, close or take delivery
$JPM 20261016 317.5 PUT$ 1️⃣ Why am I making this trade now? JPM is under pressure from inflationary fears leading to elevated interest rates. Net Interest Margin (NII) may rise but the loan and M&A activity is likely to drop and compensate for the NII increase. On the daily chart, the technicals is reaching the lower end of the short term bearish flag, and tallies with the MA100, giving opportunities to catch the short term bottom 2️⃣ What's my plan from here? Monitor the price levels to see if the MA100 support holds before deciding on the next steps.