November Option Return Summary

  Monthly option return summary will always end at the monthly option expiry date. For example for the month of December, it will fall on 18th.

  Closed book for November 2021 with realised profit of $1125.87 (From options) which equivalent to 5.15% returns.

  Actual value of overall portfolio is at negative $208.32 from a starting capital of $21847.43.

Trade ideas:

1) NASDAQ: TRIT

  Been waiting for the ER since ages back. Either it is a fraud or it will aim for the stars. Only time will tell.

  Meanwhile I am happily selling puts and calls to reduce my cost.

2) NYSE: DAC & NASDAQ: SBLK

  The cost of international shipping will continue to either stay at the current level or go back higher. Meanwhile, I will just wheel it while we are in deep ship.

3) NASDAQ: AGC

  Gonna sell put whenever it dips too much. Grab is like the Uber of South East Asia.

4) NASDAQ: AGFY

  Selling put whenever it dips too much.

5) NASDAQ: PHUN

  With the release of PhunCoin, the hype of the crypto world can send it skyhigh. Just wheeling it while I wait for it to happen.

Disclaimer: Shared opinion on this blog is not to be treated as investment advice to the readers. Please do your own due diligence and consider your financial goals before investing.

Happy Day, Everyday~

The transformation of how we view Covid-19 as a pandemic to treating it as an epidemic is such a phenomenon. From the fear of a SARs alike virus spreads globally killing millions to treating it like flu with mild symptoms. The huge rise in shipping cost due to delays at ports cause by shortage of workers, container or even lockdowns, the rise in commodity cost, the epic rise in price of crypto currency and many more. 

It is a fast changing world and how fast we adapt to the "new" views of the past, present and future is very crucial. Facebook changing its name to Meta Platforms Inc. Is this the beginning of a real life cyberpunk? A new dimension, a new way to live in another 20 to 30 years.

Referring back to the bible, John1:1 :

1 In the beginning was the Word, and the Word was with God, and the Word was God.

2 The same was in the beginning with God.

3 All things were made by him; and without him was not any thing made that was made.

4 In him was life; and the life was the light of men.

5 And the light shineth in darkness; and the darkness comprehended it not. 

Sounds like coding is it not? Thoughts of the day: So what are the chance that we are in a simulated reality?

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So here I am, still struck in Thailand. Oi Singapore, open up to Thailand please, I want to go home~ 

Wifey missed Singapore so much that she always join the Singapore tourism board's event.

Cheers to Singapore tourism board & fellow Investing Note users~

Baby Merlion found mommy Merlion~

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My diamond trading friend shown me the other day how to YOLO~

Bitcoin spiked, and he told our group of friends: "It's time to YOLO~"

Say "NO" to gambling!

Crazy shit~

He told us he used the remaining sum of money to rent a yacht for suicide in the middle of nowhere. Don't worry, he is still alive. Crazy rich Asian...

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Flew to Surat Thani the other day for year end vacation.

Googled my way to the airport.

Airport is too empty, so I spent a night in the nearby hotel. Wah lao, went to counter and she want to charge me 700 baht per night. Immediately booked online and paid less than 500 baht for it.

That is how empty Don Mueang International Airport is these days.

Support Breadtalk~

Now take flight also need to scan QR code.

Finally flying again.

Went to the same Dim Sum spot I went previously. See post here.

Surat's Pha Thai. Different from Bangkok's Pha Thai, taste more Malay style and more coconut milk was added

Indian food is always good. (Vegetarian)

Vegetarian cai png

Very empty though. These days the business environment, even for F&B is quite worrisome.

I like the way they decorate it with art works.

The power of bamboo ladder. People doing decent work to support themselves and their family should always be respected. Just feel that it is quite dangerous.

 

Opening My Own Personal Insurance Company

Inspired by my friend, Noob Selling Options , I started my own journey to sell options.

Selling options is like selling insurance and is very addictive, especially when you see the premium coming in almost instantly after the order goes through. It is like opening your own personal insurance company. 

Let's say company A is currently trading at $10 at 1st Dec and options trading is available. In the view that $10 is a fair value, the share price may either go up or down. Without any shares at hand, we may for example sell one put option at strike price of $9 with premium of $1 per share that expires on a specific date in the future, for example 11th Dec. (Note that premium varies from time to time)

What this mean in layman term is I am selling people a promise that if the share ever drop below $9 from the time I received the premium and before the expiry date, I will buy the share from them at $9 per share. For example if the share dropped to $8.5 tomorrow, the person that bought the put option from me can exercise his rights to the option and assign me his shares. (Every 1 option is equivalent to 100 shares)

Example of Company A's Price Action from 1st Dec to 31st Dec

So what's the catch for me? In the event that it is not assigned, I get to earn $100 premium from it (100 share x $1 premium per share. In the event that the share dipped below $9 and I am assigned shares for it, I can either sell any price between $8.1 to $9 and still get a slight profit from it or I can turn and sell call option for it. Example, I can sell at call back at $10 with a premium of $1 per share.

A call option is me selling people a promise that if the share ever goes above $10 from the time I received the premium and before the expiry date, I will sell my shares to them at $10 per share.

Is there any risk to selling options? Of course there is, people will tell you there is limited gain and unlimited losses. However, risk can be managed. 

Do not sell naked options. Do not sell put option when you do not have the money to pay for it. Do not sell call option when you do have have the shares for it. 

Capital: Around 22k USD

Collected premium: 1177.47 USD (5.39% return from data till date)

Realised profit (From options): 258.78 USD (1.18% return for 2021 from data till date)

Disclaimer: Shared opinion on this blog is not to be treated as investment advice to the readers. Please do your own due diligence and consider your financial goals before investing.