To The Moon

$RDDT 20261218 80.0 PUT$ RDDT: selling put on RDDT as it trades near 52 weeks low after earnings.  Earnings were disappointing but I think the market 30% sell off was a bit over reacted.  Small position to test thesis and strike at $80 near support formed in Apr 2025. 

$SPY IRON_CONDOR 261218 PUT 720.0/CALL 800.0/PUT 730.0/CALL 790.0$ 1️⃣ Why am I making this trade now? SPY Iron Condor 46 DTE expiring 18th Dec. Call spread $790/800 Put spread $730/$720 Setup near 20 to 25 delta so it's a 50/50 probability trade. SPY dropped 0.56% last week but within trading range and opened higher today balancing back the trade. I'm looking for range bound trade to be profitable. 2️⃣ What’s my plan from here? take profit at 50% Take loss at 2x premium collected. 

$SPY IRON_CONDOR 261120 CALL 800.0/PUT 755.0/CALL 810.0/PUT 745.0$ SPY: take profit for about 27% of max premium.  18 DTE remaining and the PUT leg were tested last Fri during the sharp sell down.  Market recovered slightly today and trading higher, so take the opportunity to take profit and then resell a fresh one further dated closed to 45 DTE to ensure more run way to manage these trades. 

$SPY 20261120 745.0 PUT$ for coins.  Sharing the long put leg of my iron condor setup to collect coins.  The trade is still profitable but it is moving dangerously close to me short strike of $755. Will start to manage some of these positions out to reduce exposure next week. 

$SPCX 20261106 155.0 PUT$ SPCX: take loss.  The stock fell 24% since its recent peak on 6th Oct and it's still remained bearish.  These 2 short put were deep in the money, so I've decided to close them instead of taking assignment given the overall bearish market sentiments.  Will be seeking reentry once I observe some stability or the market turned upwards. 

$NVIDIA(NVDA)$ NVDA: sold off all my NVDA stocks for a small $5 spread loss.  My counterparty for the bull put spread exercised the short put leg of the trade due to the large drop in stock price since peaking on 6th Oct.  As such, I have no choice but to also exercised my long puts to nett off the trade at the designed risk spread to take up max loss on the trade.  Market had turned short term bearish so most of my bullish bias trades were losing money and I'm I've been exiting them in discipline manner. 

$NVDA 20261106 227.5 CALL$ NVDA: take profit.  The short call hit 70% of max premium so decided to close the trade about 1 week before expiry.  NVDA fell sharply alongside Fri sell off so the short call is profitable faster than usual.  Will look for opportunity to go long on the stock at current pricing if observe bullish signals. 

7, 9 and 10 resonates with me. Cheers and happy weekend.

$FCX 20261113 72.0 CALL$ FCX: take profit.  Hit target 70% max premium relative fast so I'm taking the profit.  The only reason why the covered call is profitable fast is because the underlying stock is dropping alongside weak market today.  Guess that's my consolation to collect options premium while my underlying stocks are taking paper losses.

$NVIDIA(NVDA)$ NVDA: taking loss.  Will be the 3rd consecutively bearish week after today's close so most bullish bias trades are losing trades.  This Bull Put Spread on NVDA at $225/$220 was no exception. Closing with 4 consecutive weeks of lower price so will be taking a max loss trade with assignment.  I've also initiated the assigment for my long outs so they will cancel out nicely when market tallies on Sat.