🔒Premium Membership Positions - October 6, 2023

The markets had a green week with the DOW30, S&P500, and NASDAQ ending +0.13%, +0.63%, and +1.47%, respectively. It seems like institutions are rotating more capital into tech companies.

Markets finally broke their red streak and ended green with today's recovery. The Federal Reserve previously stated that they want to increase interest rates, so that inflation could lower. However, with the latest job report of the US Economy adding 336,000 jobs in September, this shows that the increase in interest rates hasn't negatively impacted the number of jobs being added. The economy still stands strong. 💪
 
 Remember to stick to the plan and invest consistently over the long run, regardless of what news headlines say. As you can see in the screenshots of the markets below, the markets have always gone up even after multiple geopolitical events, recessions, and fears of just about anything that will impact the economy. Stay patient everyone!

 SPY (Daily)

SPY (Weekly, All Time)

Steve's Trades

AMZN

AMZN Cash-Secured Put

Expiration Date: November 3, 2023

Step 1: Have $12,400 of cash as collateral
 Step 2: Sell 1 $124 strike call option (delta -0.36) for $385
 Credit/premium received: $385
 
 I'm choosing the $124 strike because AMZN had a strong bounce up from the $123-124 level. With the whole market going up, AMZN looks promising to increase higher, possibly beating its previous high of $146.
 
 I'm also considering on buying a LEAPS option if AMZN closes above around $130 this upcoming week. Markets seem strong after today, and there are earnings for AMZN coming up on October 26. Let's see how the stock performs within these next few weeks and on its earnings and to see if I'm still bullish on AMZN.
 

If your previous cash-secured puts have decreased in value by 50-80%, you can look to buy back and roll out those positions, or sell another cash-secured put.
 
 With that said, since earning are coming up, volatility is also going to increase. If you don't feel comfortable placing trades due to the volatility increase, you can sit out until we see the earnings report and the stock performance. However, if you are aware of the potential risks and can tolerate it, you can still consider these plays.

Earnings
 
 Here are the upcoming earnings dates for the companies that we currently invest in:
 
 GOOGL Oct 24, 2023
 MSFT Oct 24, 2023
 MA Oct 26, 2023

V Oct 26, 2023
 AMZN Oct 26, 2023
 AAPL Nov 1, 2023
 AMD Nov 7, 2023

DIS Nov 8, 2023

HD Nov 8, 2023

Investing
 
 I'm currently more on the bullish side so I'm planning to purchase more shares of SPY, QQQ, V, MA, GOOGL, AAPL, HD, and SCHD. QQQ engulfed its past 2-week performance with just today's bounce, as well as the gap fill from the previous drop.

 SPY

QQQ

V

MA

GOOGL

AAPL

HD

 Invest consistently, whether its weekly or monthly, and stay patient. 🙂

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-Steve and the Call to Leap Team

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