01022021: 12月股票期權結算 + 2020 期權年結

由2020年6月，開始認識股票期權，並產生興趣 (見學習用IB 買賣期權)，到 11 月，真正小注落盤 (見港股期權實驗一: Short call + short put 騰訊)，收取超少期權金 (11302020: 11月股票期權結算 (首次在IB收取期權金))。然後，12 月，嘗試 short call, short put 港股、美股 (見 港股期權實驗 2 : Short call + short put 港股+美股)。

今日，我終於初嚐甜頭了。😊

Nov	$615.40
Dec	$32,394.00

傻貓期權倉
開倉日	代號	種類	數量	行駛價	合約值	期權金	到期日	預期接貨$	狀態	所得權金	賺/蝕	%
09/11/2020	700	LP	1	$590		$7.35	Nov 27		closed		-$48
11/11/2020	700	SP	1	$520		$4.10	Nov 27	$52,000	expired	$410.00		0.79%
11/11/2020	700	SC	1	$640		$2.76	Nov 27		expired	$276.00		7.05%
11/11/2020	12	SC	2	$34		$0.09	Nov 27		expired	$180.00		3.94%
17/11/2020	1299	SP	1	$80		$0.11	Nov 27	$16,000	expired	$110.00		0.69%
17/11/2020	700	LP	1	$570		$7.81	Nov 27		closed		-$781
17/11/2020	700	SP	1	$550		$3.67	Nov 27	$55,000	expired	$367.00		0.67%
18/11/2020	TSM	SP	1	$87		$0.13	Nov 27	$67,860	expired	$101.40		0.15%
10/12/2020	TSLA	SP	1	$480	100	$0.22	Dec 11	$374,400	expired	$171.60		0.05%
10/12/2020	TSLA	SP	1	$460	100	$2.91	Dec 18	$358,800	expired	$2,269.80		0.63%
15/12/2020	TSLA	SP	1	$545	100	$7.85	Dec 18	$425,100	expired	$6,123.00		1.44%
18/11/2020	NIO	SP	2	$37.5	100	$3.24	Dec 24	$58,500	expired	$5,054.40		8.64%
19/12/2020	TSLA	SP	1	$555	100	$8.41	Dec 24	$432,900	expired	$6,559.80		1.52%
17/11/2020	939	SC	5	$6.75	1000	$0.034	Dec 30		expired	$170.00		3.79%
17/11/2020	12	SC	2	$35	1000	$0.21	Dec 30		expired	$420.00		3.94%
18/11/2020	1299	SC	3	$108	1000	$0.15	Dec 30		expired	$450.00		1.64%
25/11/2020	5	SP	1	$35	400	$0.17	Dec 30	$14,000	expired	$68.00		0.49%
4/12/2020	939	SC	5	$6.5	1000	$0.046	Dec 30		expired	$230.00		8.98%
8/12/2020	1299	SP	1	$80	1000	$0.37	Dec 30	$80,000	expired	$370.00		0.46%
15/12/2020	9618	SP	1	$275	500	$1.00	Dec 30	$137,500	expired	$500.00		36.36%
23/11/2020	NIO	SP	2	$42.5	100	$2.46	Dec 31	$66,300		$3,837.60		5.79%
1/12/2020	TSLA	SP	1	$430	100	$7.75	Dec 31	$335,400		$6,045.00		1.80%
29/12/2020	SPY	SP	1	$360	100	$0.16	Dec 31	$280,800		$124.80		0.04%

這次我嘗試了幾個不同的操作:

1. Short Put 隔日美股期權
12 月底，我 short put 了追蹤標普500的指數ETF: SPY. 由於 Dec 30 到時的港股期權，已肯定全部 expired, 權金袋袋平安。而且，我預計美股走勢不錯，就在股價 USD $372時，short咗行駛價低 $12 的期權。
這次操作，回報只有 0.04%, 不過風險較低。雖然只賺得 HKD $124.8, 但都好開心。😄

2. 多次short put TSLA

12 月, 5次 short put TSLA.
最初係 Dec 1, short put Dec 31 到期的 TSLA, 行駛價 USD $430. 希望賺權金。
Dec 10, 試第 2 日到期的 TSLA. 回報率只有 0.05%, 即 HKD $171.6
然後short put 下星期 (Dec 18) 到期的TSLA, 但行駛價再低 USD $20, 回報都有 0.63%.
Dec 15, short put Dec 18 到期的TSLA, 行駛價 USD $545
正股升勢持續凌厲，入SP500在即，大家都在搶貨。接貨無望。
Dec 16, 買咗 10 股TSLA @ USD $611.56
Dec 18, 賣咗 10 股TSLA @ USD $677.53，鎖定利潤。
沽貨後，Dec 19, 我嘗試short put Dec 24 到期的 TSLA @ USD $555
Dec 23, 再買入10 股正股 @ USD $618.435

入咗指數後，相信TSLA的波幅會稍為減弱。不過，長遠我對TSLA仍然好有信心。

3. 繼續short call 港股蟹貨
我的持倉，股票大都是息率不錯的舊經濟股，股價較平穩。以前只係坐定定，等佢哋唔知幾時升，甚至明知喺可見將來，股價仍然低迷，只能被動等佢返家鄉。
現在，心態唔同咗少少。我會繼續安心用佢哋做後衛收息，慢慢收少少權金，當紅利。
因此，我主要做超價外的short call. 
呢個操作，低風險兼瞓得好，真係到價就畀貨人，我都唔會太心痛。

11月，恒地曾經急升；12 月，友邦又急升。我差點以為要交貨。
怎料，恒地升到 $33.15, 行人止步。友邦升到$97.8, 又輕微下跌。
感覺上，友邦有機會做紅底股。不過，我的short call 行駛價 $110, 還是有點渺忘。
如果真的升到價，我樂意交貨。買入價才 $72.95, 持貨半年，總是有波幅冇升幅。交貨後，會繼續將資金投資美股。

4. Short Put 京東
12 月中，京都被熱捧，short put 試眼光。現時，經過反壟斷等負面消息，正股仍然企穩$340 樓上。我也不清楚，真正入市買正股，還是short put 賺權金，哪樣回報較好。
不過，賺到權金，增加現金流，調配返部份，買入正股。這方法暫時頗適合我。

總結

近日在研究幾隻美股，好像挺不錯。YouTube有很多相關的videos. 不過，我仍在學習看年報，好難明。好多數字，好多算式。唔同行業，又用唔同嘅估值方式，好複雜。

期望學懂後，日後可以學80後小薯兄，寫幾篇好文，認真分析個股，計算合理價。

有時見到股價不斷向上，離行駛價愈來愈遠，真係會心雄，想做多幾張近價嘅short put. 不過，市況急跌時，我有機會要用盡IB倉的資金，去接貨。
可是，這就會令我喪失低位買入其他正股的機會。

最後，我必須時刻緊記: 唔好貪心! 唔好貪心!! 唔好貪心!!!

只要睇錯市，揀錯股，股價走勢與預期不符，就有機會出事。
賺少唔緊要，輸本金，甚至搞到爆倉，就好大鑊。

我現時仍然堅持只做covered short call, covered short put. 不過，我都好驚自己的賭性，一旦控制唔到，又輸爆廠。呢個提醒，好重要。

Look back 2020 (Personal reflection)

It has been my routine to write some resolutions at the beginning of every year and then look back and evaluate at the end of the next year.

My goal by end-Dec 2020: (written on Jan 2, 2020)

1. Save $1 million (✖)

Due to social movement and covid-19, my income dropped drastically.
The instalment of the current flat cost $370,000. Other related fees also ate up my capital. 😐
Yet after learning a bit more about investment, I believe things will get better in 2021.

2. Purchase another flat (✔)

The flat is tiny but close to my tutorial centre and MTR station. Lots of eateries nearby. And dogs are allowed. I love this place. 😍💓

3. Read 30 books about investment (✖)

Just read 5 investment books so far. Instead, I've read different blogs and watched loads of YouTube videos related to investment. Besides, I've attended some courses about investment. 
My groupmates have also taught me loads of investment strategies and mindsets. I've genuinely learnt more from them than from books and course instructors.😄

4. Finish reading 100 books (any genre) (✖)
Haven't read much. 😅 Finished reading  7 books only.

5. Attain Grade 3 piano (started from a beginner) (✖)

Stuck with Book 3 Everybody likes the Piano and The Second Grade of John Thompson's. Guess I'm now at Grade 2 only. But my piano teacher is very strict and has required me to practise the same song for 3 consecutive weeks already. Not much progress.😕

6. Exercise 30 minutes 4 days a week (✖)

At the beginning of 2020, I exercises daily for over an hour. But then, I got lazier and lost interest in exercising. Now I only go hiking with Muimui and Rebecca on Fridays. Guess I have to stick to this and make it a routine for a better body shape. 💪

7. Hiking with Muimui (36 times) (✔)

Going hiking with her more than 60 times this year. Muimui has been walking pretty slowly but her smiles are so sweet whenever we go hiking. Seeing her smile injects me with more energy keeping pace with her. It's great that Rebecca and Cheong also love dogs and don't mind having Muimui as our hiking companion. 
Muimui is now 15 years old but no matter how tough the routes are, she is still determined to complete the journey by herself. Even if I offer her a free ride, she simply struggles to jump down from my chest and smiles to show she is competent to keep walking. She is so adorable. I hope she can keep hiking with me for at least 4 more years.💓💓🐶

8. Finish running 600K (✖)

Oh well, I'd better give up and try out another sport.😒

9. Have 150 students (✖)

Only have 55 students now. Less than half compared with Jan 2020. Definitely there is so much work I can do about this. So let's start bit by bit and see if a slight change every day can make a big difference at the end of 2021.😛

10. Have a trip in Europe (✖)

All flights are cancelled. Travelling is prohibited. We've only travelled in Japan and did some hiking this year. 😞

11. Get a baby  (✖)

Have been seeing dr, taking medicines but just ...... Dunno. Maybe God has his only plan. I'd better wait and fine tune my health first. Haven't fallen sick at all this year but dr kept saying I'm not fit enough to carry a baby. Frustrated and confused.😟

Overall speaking, 2020 has been a bad year for the majority with no doubt. Meeting friends and relatives has been a taboo and many friends and students of mine have moved or gonna move overseas, leaving HK and their beloved ones (including pets) behind.
The bright side, however, is that the worst has taken place, so the better (even may not be the best) must be coming along. Stock market has been thriving in 2020, lots of IPOs have been thrown to the market and well accepted by the investors owing to the quanitative easing (QE) of governments worldwide. Stock prices are at all time high but nobody knows whether the market will stay that positive with countless optimistic investors in 2021.