Tuesday, December 24, 2024

Exploring Options: My Latest options Trades in SOUN and HOOD Stocks

 As 2024 wraps up, I wanted to share some of my  most recent options trading activity. It's been an Interesting year, 

The Trades:

  1. Sell $SOUN $17.5 Put Exp 12/27

    • Option Premium: $45

    • Rationale: I anticipated that SOUN, a tech stock with a knack for rebounding, would stay above $17.5. The $45 premium was an attractive reward for the risk involved.

  2. Sell $SOUN $18.5 Put Exp 12/27

    • Option Premium: $68

    • Rationale: Doubling down on SOUN, I believed that its strong market position would prevent it from dipping below $18.5. The higher premium of $68 reflected a more substantial risk, but one I felt confident taking.

  3. Sell $HOOD $36 Put Exp 12/27

    • Option Premium: $46

    • Rationale: With Robinhood (HOOD) showing steady growth, I predicted it would maintain its value above $36. The $46 premium added a nice cushion to my portfolio.

 For HOOD, its consistent performance and user base growth provided a solid foundation for my decision and i would like  to own them.

Looking Ahead:

As we approach the new year, I plan to continue refining my strategies, learning from each trade, and staying nimble in an ever-changing market landscape. Options trading is a journey of continuous learning, and I'm excited to see what 2025 holds.

Happy trading, everyone! Let's keep pushing boundaries and exploring new opportunities together. 🚀

I hope you found this little glimpse into my trading world interesting! If you have any questions or want to share your own trading experiences, feel free to drop a comment below. Let's learn and grow together! 

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