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Time for my monthly option trading analysis. Most of my major options revolved AMD, NVTS, APLD, SOFI, but a few miscellaneous stocks were in the mix. Here is the breakdown below.
AMD Trades – $1,096 Gain
I roll forward three options on AMD this month—two at the $152.5 put strike and one at the $175 call strike.
- $152.50 puts: These were almost executed last time when they were at $160 strike price, I did a roll forward at a lower strike price for more premium.
- $175 put: I had a put assigned a while back, so I started doing covered calls to get premiums.
In total, my AMD options trading brought in $1,096 for September. More importantly, it solidified my conviction that AMD is not only a worthy replacement for Nvidia in my strategy but also potentially a stronger growth engine for the next few years.
NVTS Trades – $340 Gain
I have one thousand share of Navitas Semiconductor (NVTS) because there has been spark about AI sector and sooner or later they will need to improve the power consumption, so I figured I would add to my portfolio and do a few $10 strike price covered calls to get premiums. The rest were put options at $6 to $7.
For the month, I executed nine put options and three call option on NVTS bringing a total of $340 in total premiums.
APLD Trades – $1,328 Gain
Sadly, I didn’t add much to my portfolio for Applied Digital (APLD). I understand there is a need for data centers for the AI section. But I was hoping that the price would be lower. I was wrong! It kept going up beyond what I was expecting. so for now I have been doing put options for premiums.
In the month, I sold eleven put options and one call option on APLD amounted to $1,328.
SOFI Trades – $503 Gain
This month, I didn’t do as much options as the premiums were not as high as APLD. So I only did 6 put options with a total gain of $503. I am hoping to get back in once a put option gets executed or the price goes down to $22.
Smaller One-Off Trades – $330
I did a few options for other stocks that I think might have potential for premiums and I wouldn’t have an issue if I ended up owning them.
Final Thoughts
Most of my options trading is geared towards the AI sector because I believe AI will be the future so why not just prepared for it now then to wait till later. At one point most AI stocks were a lot lower then they are now. I didn’t get into APLD or NVTS until after they have increased in price a bit. None the less I am doing what I can to earn some premium on those stocks.
