Underestimated the biggest wave of all time: SNOW, APP, PLTR, NFLX, TSLA!
$Snowflake (SNOW.US)$ This stock is one of the underestimated stock in my watchlist. While paying too much attention on $Tesla (TSLA.US)$ , I lost opportunity to ride this wave on $Snowflake (SNOW.US)$, $Applovin (APP.US)$ & $Palantir (PLTR.US)$.
To catch higher premium during earnings, I sold very far strike call options (2 legs) for $Netflix (NFLX.US)$ , $Tesla (TSLA.US)$ and $Snowflake (SNOW.US)$, but they all went up unstoppable until it hit my call options at 157.5$ for snowflake (now 159$). Luckily, I didn't sell far naked call option for $Applovin (APP.US)$ which could wipe out my account. Selling far strike naked option is not profitable anymore during this AI wave and I found buying call option is more profitable, zero to hero overnight if you pick the right one.
So, I now need to roll the call option that I sold to recover my loss and need to sit back to watch the happy bull call option buyer who shall laughing at me now.
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