Cow Moo-ney
commented on a stock · Sep 29, 2023 09:57
Overdone?
Personally, i think the recent brutal sell off has been overdone. But I like overdone stuff (except for my steak haha), so that I can take the opposite direction, and be a contrarian. Interestingly, Fear and Greed index has reached extreme greed level 2 days ago - the first time in about 6 months.
Be greedy when others are fearful? Sold a Put on the day when the index hit extreme fear, on Tesla. Not financial advice. And it’s a risky move. Not just that, I have also picked up a few shares over the last few days
Anyway, market doesn’t care about what we think. An oversold market can remain oversold for some time. We were sitting at key support levels for some of the stocks and indices. Good to see a nice bounce yesterday.
PS: 74 more subscribers to the small 1,000 mark on Youtube. Do subcribe if you have not!
Seraphicall : Bro, as always, you’re selling puts lols. Bullish move
but this time, I think you’ve made a perfect timing.
Cow Moo-ney OP Seraphicall : Haha yes, selling puts as always
and was lucky this time as I sold it at quite a high / decent premium
Seraphicall Cow Moo-ney OP : Wow… sold at peak?! Lols. Btw, are u always selling cash secured puts??
Cow Moo-ney OP Seraphicall : Not the peak / highest though. I sell covered calls too. Only those 2![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Roll2me Cow Moo-ney OP : That’s very good premium!
Cow Moo-ney OP Roll2me : Not the highest. But not too shabby![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
71640966 : this is such a terrible video. go watch potterstocks videos