Sam Koovappadi

Sam Koovappadi On look out for PostCovid opportunities!

01/17/2024

TSLA - Sold Bull Puts 215 and Bought 210 expiry Jan 26 - for a net credit of 2.33. That means for every 100 options collected $233. Risk is $500 ( width of the spread) less premium collected $233. Close to 1:1 Risk to Reward. As long as TSLA trades above $215 on expiry - I can get to keep the premium. Of course, I may not hold it that long... Stay close. Why did I do this trade?TSLA on the daily chart is close to -3ATR. During the last one year, it has been in this range only for a few days, so likley this would move higher than $215, specially with earnings coming up on Jan 24

TSLA at EOD is close to -2ATR. This has happend only twice in the last year.Once in Oct and for a few days in August. If...
01/16/2024

TSLA at EOD is close to -2ATR. This has happend only twice in the last year.Once in Oct and for a few days in August. If this hows signs of bouncing from these levels( hope so), will be selling Bull Puts. Lets see how it flies. Thinking of -220+215 @2.22.

Can NVDA go higher? Results slated for 24th, I believe.
01/16/2024

Can NVDA go higher? Results slated for 24th, I believe.

Markets are extended and may be looking to correct. I am planning to buy AMZN butterfly Jun expiry for $21 a contract - ...
06/15/2021

Markets are extended and may be looking to correct. I am planning to buy AMZN butterfly Jun expiry for $21 a contract - Risk to max potential reward is 100 times. Very slim chance of hitting target.AMZN need to retract by $150 over the next 3 days! 2175/2200/2225 @ $21 per contract. Max potential $2500 per contract. These are trades where you need to assume that we could have max loss.

06/14/2021

What do you think Bitcoin will do this week?

06/14/2021

Monday 6.14.21 morning scans....

SPY chart this morning. This has been bullish for a while and could see a correction back to the 21 day ema If SPY clos...
06/14/2021

SPY chart this morning. This has been bullish for a while and could see a correction back to the 21 day ema If SPY closes twice below +1ATR, maybe time to start looking at Bearish trades..

06/11/2021

Is Bitcoin better than Ethereum in the short term ( less than 1 year?) what do you think?

06/09/2021

Checking out my scans and possible Put credit spreads this morning

PLBY has a great looking chart a sqeeze, stacked EMa is green, ADX is positive and above 20 and high leverage Beta at 4....
06/09/2021

PLBY has a great looking chart a sqeeze, stacked EMa is green, ADX is positive and above 20 and high leverage Beta at 4.2, going places?

06/09/2021

Do you think SPY will make new high this week?

*DISH* put credit spread that i am looking at today.... Risk reward at 1:1 expires Jun 18....Always consult your qualif...
06/08/2021

*DISH* put credit spread that i am looking at today.... Risk reward at 1:1 expires Jun 18....Always consult your qualified advisor before you trade...

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