When I read Buffett pumping money into Citi, I did my research. Sold put option on C back then and purchased at $46 a piece, carried them for dividend for awhile until $63 and sold them all to save some cash.
Current market sentiment is too bullish, good luck for all the traders. I be observing the market until next opportunity arise 😁.
Current market sentiment is too bullish, good luck for all the traders. I be observing the market until next opportunity arise 😁.
![May 2024 - Taking profit month](https://sgsnsimg.moomoo.com/sns_client_feed/101692870/20240601/d65aa817f6e835e15ab961c17323ee46.jpg/thumb?area=101&is_public=true)
![May 2024 - Taking profit month](https://sgsnsimg.moomoo.com/sns_client_feed/101692870/20240601/1561526620e71fcb7d509da48325e1b3.jpg/thumb?area=101&is_public=true)
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It cause the inflation in the market, better buy equity now before you lose your purchasing power from cash.
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