SPCH Leverage Shares 2x Long SPCX Daily ETF

I’ve been selling some $10.50 Puts in $SPCH this morning that expire on 25 September. SPCH continues to be fertile ground to harvest premium, but so far I don’t trust it enough to go any further out than a couple of weeks. I continue to have a problem with the valuation of $SPCX, but the cult of Elon Musk continue to buy the shares.

As $SPCH moves back up into a trading range (or rather an indecision or congestion area) previously established in the June/July timeframe, with identifiable support and resistance levels at $12 and $16, I felt it was the right time to sell the $12 Puts. That puts my liability just at or below support and gives me the confidence that the chance of assignment is minimal, although not zero.

I’m selling $10/$11 $SPCH Strangles with expiration three weeks out. This is nothing more than the harvesting of premium. I thoroughly expect to be assigned on one side or the other, and I’m not even sure which side. This is just a money grab.

$SPCH I am accumulating on every dip. I want to be overweight this and $SKHX . SKHY is undervalued compared to its counterparts and Spacex will dominate the future. I will ride the semi super cycle , with my eye on the door, but im not selling spch until its at least $100.

$SPCH Just keep treading water. Dip so I can keep buying and stay in a tight trading range until the breakout. I buying more shares and want to cost average down as I accumulate.