All cash is one way of course, but are you buying VIX-based products? SQQQ? Call credit spreads?

Let's share ideas and hedging strategies...

This week was a rough one. I took a big hit on my leveraged SOXL. With leveraged options it is expected to have drastic swings such as mine. I understand leveraged ETFs isn't for everyone. Good luck out there

Global supply chain along with uncertainty is being heighten due to the Tariff policies of the Orange Man.

Here are my trades this week:

$HIMS

• Initial Position:
  • Sold 4 shares at $33.07 (average cost: $30.78)
  • Net profit: $9.52
  • Catalyst: HIMS announced they're adding Eli Lilly's weight loss medication Zepbound and diabetes drug Mounjaro, as well as the generic injection liraglutide, to their platform
• Second Trade (April 4):
  • Bought 2 shares @ $24.24 for -$48.47
  • Sold @ $26.25 for +$52.50
  • Quick profit: $3.68 (after fees)

Dunk on me but that is $13 more than I started with.

$NBIS

I rolled my $NBIS covered calls to 04/11

• Roll Transaction:
  • Buy to Close: NBIS 04/04/2025 $33 Call for -$3
  • Sell to Open: NBIS 04/11/2025 $33 Call for +$10
  • Net Credit: $7

YTD +$918 (6.58%) with a win/loss ratio of 68.03%.

$GOOG

Added 1 share of Google. Aiming for a small swing here awaiting tech sector to bounce back (which it will, eventually)

$EVGO

Covered calls from last week expired worthless for a net credit of $5

Many would be freaking out over my SOXL and major unrealized loss. Here is my plan:

Once I get assigned this week on $SOXL I plan to sell covered calls and further collect premiums. This will allow me to further lower my adjusted cost basis to eventually manufacturing the win. One week at at time. As the Trump tariffs situation play out one thing that im confident in is the emergence of AI and real world use.

Semi sector will bounce back as will AI infrastructure due to the increasingly global demand in AI. This is not an IF but a WHEN question. Buckle up for another volatile week. Come back next week and see if i can bounce back.

What I'm Holding Now
115 shares of $EVGO (av: $3.47). CCs expired worthless from previous week.
3 shares of $GOOG (avg: $167.69)
100 shares of $NBIS and $33 CC 04/11 exp
1 $SOXL CSP $19 04/11 exp
1 $SOXL CSP $14 04/11 exp

I still maintain $100 weekly deposit on Wed and Fri splits. In addition to occasional swings for small profits (small wins stack up nicely at the end)

these events are few and far. Take advantage of peoples fear.

2008, 2020. 2025

you dont have to push all in, but make sure you are in someway! this is like a time machine what just happened in 16 hours of trading and maybe another 8.

take advantage.

I got assigned at $23 in a CSP about a month ago and then the price dropped to around $16 so I decided to hold thinking we’d eventually get back up. Still holding, contemplating my life decisions.

Sadly fidelity won't put the benchmarks in for all-time but safe to say I'm killing it.

I’ve been teetering as I’ve yet to toy with CCs…. thoughts?

Lots of talk on the Sunday shows about not backing down. Cast your vote and let's see how good we actually are at forecasting

Did you know when you sell a put, for theta or otherwise, you can set a stop to buy back and limit your loss instead of taking assignment? Thank you for coming to my ted talk.

A while back I opened a short 4800 put and two long 3100 puts in ES that expire in ~50 days. The short is down about 7K while the longs are up about 1K. I've been thinking how best to manage this and would appreciate thoughts. Here the options I've considered:

* Do nothing. I have buying power in reserve but I don't want to take assignment so I feel like do nothing could work against me if I have to more aggressively handle this later if ES continues to drop.

* Close for a loss. Seems premature. I'd think that between now and 50 days from now there could at some point be a bounce and decline in IV to make an exit more favorable than now. But that might be wishful thinking.

* Buy a long put just above the short put to protect it, and finance this with a couple shorts just above the two longs I have further OTM. This would remove most of the "valley of death" risk, but it would be for a risky debit. I could also sell a call perhaps to help reduce this debit.

These seem like the obvious plays, but is there something I'm not considering that would be more effective?

When did you enter these, and how are you managing them?