Author Archives: admin

About admin

Richard Cheng, M.D., Ph.D., is an avid Wall Street investor with 20+ years of investing experience. He is specially adept at observing the world to find the patterns and then design strategies to win his battle. Most, if not all, happenings in the world, follow certain patterns. These patterns may be complex, multi-factorial, not so intuitive at the first glance, or even may appear chaotic. However, even chaos has its own patterns. If you pay attention and be patient, you'll find them and then you will gain an upper hand in your battle. Using this blog space, he documents his trades and his thoughts as they happen. He uses this blog as a a notebook to help him better refine his strategies. Hopefully this will help you as well. Good luck in your trading.

LCID Trading: More Profits from Expired Short Calls

Posted on March 12, 2022 by admin

The naked LCID calls I sold Monday last week expired. I made ~$4000 again in 4 days. Out of curiosity, today, I reviewed my LCID trading history.  From LCID price chart (1-yr, LCID), one can see that after a 4-month … Continue reading →

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Bidu: calendar spread

Posted on April 28, 2017 by admin

One of the positions I have is: long BIDU and short BIDU 428/17, strike 175 options. BIDU reported earnings last night and the stock price went down a bit. I bought back my 175 calls, and sold the same strike … Continue reading →

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RNF: 7.8% return in 17 days (167% annualized)

Posted on June 20, 2015 by admin

I posted my research on RNF, a few weeks ago.  I wrote a covered call on 6/2/15, with a strike of $15 and expiry on 6/19/15.  Funny, RNF traded right at $15 at the closing on 6/19/15.  I was on … Continue reading →

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BABA

Posted on June 1, 2015 by admin

BABA is the 4th on my new list of 16 stocks . BABA had 2 disappointing earnings, but the market responded positively to the most recent earnings, with several analysts’ upgrade. BAB is now trading above 200 SMA, RSI not overbought … Continue reading →

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How to select stocks using my MCC method?

Posted on June 1, 2015 by admin

Here is how I select stocks to invest.  Combining the stocks I traded or still hold with the new candidates by screening, I came up with a list of 16 stocks (I usually adjust the screening criteria to provide a manageable … Continue reading →

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SLW: an old friend

Posted on May 31, 2015 by admin

I have trading SLW for many years and currently still hold a large position of SLW. SLW has been trading in a range between ~18/19 and ~26 for the last 2 years.  Currently, it’s trading at the lower end of … Continue reading →

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Stock analysis: RNF

Posted on May 31, 2015 by admin

  RNF, closed at $14.94, has been trading above 200 SMA; MACD is neutral, RSI is neutral to slightly high at 59%.  Six analysts give a rating of hold and 1 buy with an average price target of $16.88. The price … Continue reading →

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The US Dollar Index chart suggests more bull market ahead

Posted on May 31, 2015 by admin

There has been an observation, in the Chinese media, that US Dollar Index (USDX) follows a 10-year weak dollar period followed by a 6-year strong dollar period, at least 2 such cycles have been seen (from early 70s – ’86, … Continue reading →

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Bull spread to hedge against a Bidu drop

Posted on April 27, 2015 by admin

BIDU is reporting earnings on 4/29/15.  How to deal with BIDU (and other stocks) earnings report? I have a BIDU covered call (long BIDU shares and short BIDU options, exp. 5/1/15 strike 215). BIDU is up today and trading at … Continue reading →

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Protected: P/L analysis of AMZN, BIDU, CMG, CRM, GOOG and PCLN.

Posted on March 23, 2014 by admin

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