May Live Trading Review (Summary of Return Rate and Win Rate)

First, let's review some of this week's trades.

1.

For NVIDIA's earnings report, I used a vertical spread strategy to go long. SP131 and BP127 levels.

After the earnings report, NVIDIA surged over 5%, so I closed the BP leg the same day and kept the SP131 leg until expiration. Due to the low margin requirement of the spread strategy, the total margin was around $400. After deducting the cost of the protective leg, the profit per contract was about $150, achieved in 2 days.

The annualized simple interest rate is:

Annualized return = (Profit / Principal) × (365 / Investment days) × 100% = (150/400) × (365/2) ≈ 6843%.

Note: Some may think the absolute profit is low, but annualizing it gives a clearer perspective. However, such stable annualized returns are unrealistic, so I won’t calculate annualized returns in future examples.

2.

For the previously opened SP85.5 position on TLT, after assignment, I held 100 shares of TLT.

This week, I opened a SC86 position on TLT expiring on the 30th, forming a covered call (CC) strategy with the shares.

Since I was passively holding the shares, I chose the near-the-money 86 strike. On the 30th, TLT rose to 86.28, and the shares were assigned as desired. This captured both the upside from the stock and the premium from the option.

3.

On the 21st, the day after CATL's IPO surge, I opened a short position on CATL with some hedging protection. CATL then declined continuously, as shown below.

After several days of decline, I reversed to go long. By the 29th, the short option premium was fully captured. I then opened June 290 and 295 long positions.

4.

Another trade was a long position on GOOGL expiring on June 6th, which is still open with a current profit of 96.18%.

These are some of this week's trades.

5.

In the past three weeks, I also executed a strangle strategy on BABA. All profits were realized at expiration.

6.

A long position on APP using the SP strategy for earnings, with a 100% return.

7.

Currently, I still hold the previously shown NV long call and PLTR LEAP call, both unrealized, with profits of 148.03% and 129.7%, respectively.

Last night, PLTR surged 7%. This LEAP call is now deep in-the-money with relatively low liquidity, so the displayed return is lagging. The actual profit should be around 150%.

Below are some hedging and yield-enhancing options strategies I used for Xiaomi shares.

These were for March, April, and May but weren’t shared in the group.

Finally, here’s my main Futu account, one of my primary accounts for U.S. and HK stocks. The May return and annualized return.

May return: 31.2%, annualized return: 179.92%.

In March and April, due to tariff events, the market pulled back, and my returns were relatively modest at 19.29% and 12.5%, respectively.