NVDA
NVIDIA
-- 130.390 TSLA
Tesla
-- 479.860 QUBT
Quantum Computing
-- 16.790 AVGO
Broadcom
-- 240.230 RGTI
Rigetti Computing
-- 11.1300 
The most thrilling moment in my 2024 investment journey
In the dynamic landscape of 2024, the U.S. equity options market was rife with opportunities and challenges. One of the most exhilarating moments in my investment journey occurred in early November, coinciding with the U.S. presidential election.
As the election approached, the market was abuzz with anticipation. The availability of daily expiration cycles for index options allowed for precise positioning around this significant event. Implied volatilities for S&P 500 Index options (SPX) peaked for contracts expiring on November 6, reflecting the market's expectation of heightened volatility as election results were anticipated.
Recognizing this, I implemented a straddle strategy on SPX options set to expire on November 6. This approach involved purchasing both call and put options at the same strike price, aiming to profit from significant price movements in either direction. The market's uncertainty, fueled by the tight race between former President Donald Trump and Vice President Kamala Harris, suggested that substantial volatility was imminent.
As election night unfolded, the markets reacted sharply to the unfolding results. The SPX experienced significant swings, validating the elevated implied volatilities. My straddle position responded accordingly, with both legs gaining value due to the heightened volatility. The following day, as the election outcome became clearer, the market began to stabilize, and I closed my position, securing a substantial profit.
This experience underscored the importance of strategic planning and adaptability in options trading. By leveraging the unique opportunities presented by the 2024 election and the tools available in the options market, I was able to navigate the volatility successfully, marking one of the most thrilling moments in my investment journey.
As the election approached, the market was abuzz with anticipation. The availability of daily expiration cycles for index options allowed for precise positioning around this significant event. Implied volatilities for S&P 500 Index options (SPX) peaked for contracts expiring on November 6, reflecting the market's expectation of heightened volatility as election results were anticipated.
Recognizing this, I implemented a straddle strategy on SPX options set to expire on November 6. This approach involved purchasing both call and put options at the same strike price, aiming to profit from significant price movements in either direction. The market's uncertainty, fueled by the tight race between former President Donald Trump and Vice President Kamala Harris, suggested that substantial volatility was imminent.
As election night unfolded, the markets reacted sharply to the unfolding results. The SPX experienced significant swings, validating the elevated implied volatilities. My straddle position responded accordingly, with both legs gaining value due to the heightened volatility. The following day, as the election outcome became clearer, the market began to stabilize, and I closed my position, securing a substantial profit.
This experience underscored the importance of strategic planning and adaptability in options trading. By leveraging the unique opportunities presented by the 2024 election and the tools available in the options market, I was able to navigate the volatility successfully, marking one of the most thrilling moments in my investment journey.
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