xyz | 2023-11-12

Hey, welcome back.

Pretty much flat this week. My biggest profit is from Royal Caribbean, Cruiseline. So it's up around 1000 USD and my biggest loss is from short Apple. So it's down around 1,300 USD. I think it's due to the general market going up. Specifically we have the Nasdaq 100 index going up 2% on Friday.

And this is my current portfolio. So my biggest position by (market value) is a ASML let's take a look at the structure. So it's a neutral calendar call spread

and the strike is around $ 650.

The price is already going over the strike price. So currently, if I still maintain this position, I'm going to collect around 5 percent of credits by Friday.

And if it goes up further, I may actually lose a bit of money on this one.

So I think I may just let it sit around for a few days more to try to collect additional of 200 to 300 US dollar. So this the chart of ASML I've set up this trade back when it was around $580 per share. Yeah, so it's going up much quicker than I expected.

And this a MicroStrategy stock option structure on my portfolio. So on Wednesday, I've actually opened a MSTR call spread to try to collect some credits by the coming Friday. However, one day later, we have the Bitcoin price breaking out strongly on the ETH, ETF news. So I've just decided to switch to a directional bet instead of a credit collection bet.

So I just now run a December call option with the strike at around 530.

The share price of MicroStrategy is at around 515 per share.

My target is 700 by December, if that happens, my risk to reward ratio is 6 to 1 in one month. So this is MicroStrategy as we can see we have a very strong breakout on Thursday. So I think the momentum is likely to sustain given the strong news flows coming.

And there's some interesting statistics about micro strategy. So we have the short interest percentage of float at around 25%. So it's quite a lot. So if it goes up further, I expect there will be a short squeeze. And this can push the share price to around 700 in my opinion, in a month.

So that's the summary of the Microstrategy trade. So in this week, I don't see any interesting news about the global economy.

I think it's the same old stuff. So I just skip the market review.

And finally, just one small notes about the geopolitical risk premium. Basically means the oil price and gold price. So it's been coming down in the last two weeks. so it seems the market do not really care about the conflicts in the Middle East anymore.

But I think it is still a developing story. So I think it's a good opportunity to add some oil stock in the coming two weeks. So that's the end for this week.

Thank you for watching. See you in the next week. Bye.