I loaded up on the $BIDU 9/19 $100 calls and added exposure through the $KC 8/15 $15 calls.
These setups look powerful, and if we see a bid in Chinese stocks, I want to be in front of it.
They moved against us as soon as we got in. That hurts in the case of KC but doesn’t affect the BIDU position much. We went further out than usual and higher delta on BIDU. All that really means in my mind is a lower risk/reward… or a more conservative trade.
At the same time, I went back to the well on $SMCI.
We already secured a double in the 7/18 $50 calls, but we haven’t gotten that explosive follow-through yet.
The pattern looks even better now, so I bought more time—grabbing the $SMCI 8/15 $60 calls for $1.75.
Remember those three materials trades from last week?
The $LYB 7/18 $65 calls expire this Friday—so now it’s all about getting a couple of strong upside days to close out with a big win.
As for the $DOW 8/15 $32.50 calls, we’ve got a full month left until expiration—but keep in mind we enter the 30-day window this week, and theta decay starts to accelerate. This one has earnings coming up too.
And finally, crypto is catching fire again.
With Bitcoin hitting new all-time highs, the rest of the space is waking up—and our Ethereum calls responded in kind.
The $ETHA 8/15 $23 calls more than doubled, and we sold half for a 150% gain. Now it’s a risk-free ride.
And the $25s are next. If this bull flag in Ethereum is truly breaking out, those should be a double real soon.
I’m thinking it could happen tomorrow with a little Monday momentum.
