Closure of Charles Schwab SG Office (end of 2019)

Hi Guys,

Its been more than 10 years I've been a customer of Charles Schwab Singapore (previously known as OptionsXpress Singapore).

I've been using this platform for my US Stock/options investing over years, now its time to switch to another Financial Institution Platform.

Attached information regards to its closure for your reference. By end of 2019 Singapore account holders have to close/liquidate positions as they are unable to port our account to US head office due to local monetary authorities  regulations.

I'll continue till November, then liquidate my account and make my withdrawals. I'll be switching to Ameritrade. But my blog will continue under a fresh new account and record.

I'll capture my last summary and post it on my blog on end 2019.

 

Links: https://www.channelnewsasia.com/news/business/charles-schwab-to-close-singapore-office-11875640

72nd TRADE (29/04/2019)

Hi All,

Positions expired, now for the next trade to collect Cashflow. Reminder: its Cashflow which maintains the business's operations, Profits pays off the expenses. CashFlow can help you retire as its easier to manage and consistent, compared to Capital Gains, you might get a few big gains for a few months, but on the low/loss months how would you pay your expenses or even retire on a monthly basis ?

CashFlow can maintain your monthly expenses, once sufficient to cover all expenses, you can basically Retire.

Here's the latest trade:

Sell September Call Strike $4, 14 qty, Premium ($20 x 14 less comm $15) USD $265 nett Cashflow
Sell September Put Strike $3, 4 qty, Premium ($35 x 4 less comm $15) USD $125 nett Cashflow

Total: USD $390 nett Cashflow

*Refer to Disclaimer

71st TRADE (18/03/2019)

Hi All,

My last position expired, now its time for another round of Cashflow collection.

There's one point i need to reiterate, my system isn't about having the correct Direction Bet to make profit from price difference, rather its to make Profit by converting speculation in direction to a business which generates income Cashflow long term.

Think about it, how many time out of your whole life can you get the direction right and make profit, then would be if you add them all up, but Still make a lot of profit consistently enough to supplement/replace your working income to retire ?

But if the share you own make small movements of Ups and Downs, but generate consistent Cashflow till you gotten a Critical Mass of owning large volume of shares to produce enough Cashflow to replace your Job income without having the share price to actually go high up to rip a profit. Based on this would you be able to retire ? Or would you rather make a 300% return in a few years and retire on it, only to spend it all and going back to square one ?

Here's my trade:

Total collected ($25 x 14 less comm $15) USD $335 nett Cashflow for April 26th 2019 expiry.

*Refer to Disclaimer

Updates (31/12/2018) - Withdrawal

Hi All,

To Simplify the updating, I'll compute my Withdrawals on a Year-End basis for the whole year.

For the year 2018, total withdrawals taken was USD $7005 (Rate 1.4325 less charge of USD$25 and S$10) = S$9988.85

70th TRADE (19/02/2019)

Hi Guys,

HIMX Calls expired last week, yesterday i placed a trade to sell another round for Cashflow.

Total collected ($25 x 14 less comm $15) USD $335 nett Cashflow for 22nd March expiry.

*Refer to Disclaimer

69th TRADE (31/12/2018)

Hi Guys,

I've been assigned a total of 14 lots of HIMX due to the fall of share price in the last week. For this trade I've collected ($15 x 14 less comm $15) USD $195 nett Cashflow. Due date for expiry is Feb 15, 2019

*Refer to Disclaimer

68th TRADE (26/11/2018)

Hi,

As HIMX is moving lower, i'll deploy my Cash in account to prepare for an averaging down by positioning to buy in 300 shares.

Sell Put $4, expiration 28th Dec, 3 contracts, for 3 lots, I'll collect ($25 x 3 less comm $15) USD $60 nett Cashflow.

*Refer to Disclaimer

67th TRADE (23/11/2018)

Hi All,

Last position expired, new trade placed at Sell $4.50 strike Call HIMX , expiration 28th Dec 2018.

For 11 lots, I'll collect ($15 x 11 less comm $16) USD $149 nett Cashflow.

*Refer to Disclaimer

66th TRADE (04/10/2018)

Hi guys,

Last trade order HIMX was exercised, I've gotten 11lots of shares at $6 per share. Now I've place a new trade at Sell $6 strike Call HIMX , expiration 16th Nov 2018.

For 11lots, I'll collect ($50 x 11 less comm $16) USD $534 nett Cashflow.

*Refer to Disclaimer

65th TRADE (21/08/2018)

Hi Guys,

Positions were exercised last Friday, made some Capital Gains as a result, bought share at $15.61 each, sold at $16 each, 400 shares would be ($6400 less comm $10) nett USD $6390 . Adding onhand cash, total USD $6631.03

New Position, Sell 11 lots Put Strike $6 of HIMX, expiry 28th September 2018, Premium ($40 x 11 less comm $15 = USD $425 nett).

Total Cash Collected + Remaining USD $7056.03

*Refer to Disclaimer

64th TRADE (12/06/2018)

Hi guys,

Order exercised last weekend. Total Cash onhand is USD $5978.03 . New Order placed would be to purchase 400 shares of AMD at $15.61 , then sell Call strike $16, expiry 17th August, to collect premium of ($1.33 x 400 = USD $532 less comm $15 = USD $517 nett)

Total Cash collected + onhand = USD $6495.03 less share purchase ($6254) = USD $241.03 remaining.

*Refer to Disclaimer

63rd TRADE (30/04/2018)

Hi Guys,

AMD, 5 contracts strike $12 was exercised, so now i owned 500 shares of AMD. Today's trade order would be to Sell AMD 8th June Call Strike $11.50, 5contracts, nett premiums would be $42 x 5 less comm $15 = USD $195

*Refer to Disclaimer

62nd TRADE (01/03/2018)

Hi,

New trade order, Sell AMD Put $12 strike, 20th Apr expiry, 5 contracts, collected: $97 x 5 less $15 comm = Nett Cashflow USD $470

Then place another Sell AMD Call $14 strike, 20th Apr expiry, 5 contracts, collected: $31 x 5 less $15 comm = Nett Cashflow USD $140

Total Nett Cashflow collected for this 2 orders: USD $610 for a period of 1mth 2.5wks.


*Refer to Disclaimer

61th TRADE (26/12/2017)

Hi All,

The Call Strike $10.50 due 22nd Dec 2017 was exercised as AMD last traded at $10.54 on Friday before market closes. Currently no AMD shares onhand, i've received in Cash $10.50 x 5000 shares less comm of $15, nett amount USD $5235 back to my account.

New order to place tonight is as below, Sell AMD Put Strike $10, Expiration 26th Jan 2018, to collect $35 x 5 less $15 comm = Nett USD $160

Also the below:
Sell AMD Call Strike $11.50, Expiration 26th Jan 2018, to collect $24 x 4 less $15 comm = nett USD $81

Total Nett Cashflow for this 2 orders are: USD $160 + USD $81 = USD $241


*Refer to Disclaimer

Updates (22/12/2017) - 8th Withdrawal

Hi Guys,

Made a withdrawal of USD $690 to my SG OCBC account. SGD $ 910.46 nett amount to be received.

60th TRADE (07/12/2017)

Hello Everyone,

Its been a while from my last posted trade. I'm busy with family & inconsistent testing of Fx Investing during these few months. AMD has its volatile moments during which has a sell down again in December.

Last position i had here is AMD shares 5000shares & a Sell Call at strike $12 due on Jan 19th 2018.

I'll buy back my Sell Call strike $12 Jan 19th 2018 at price $0.18 x 100 x 5 = $90 (Paid)

Then sell a new Call Strike $10.50 due 22nd Dec 2017 at price $0.21 x 100 x 5 = $105 (Collected)

Nett off = $105 - $95 - $15comm = 0 (Breakeven)


*Refer to Disclaimer

59th TRADE (03/05/2017)

Hi Guys,

Its been quite sometime i last posted a new trade. Following up my last position in AMD, share price rose all the way till high of $15+, after the recent 2017 Q1 earnings report, market did a massive sell down from $13.35 to below $10 yesterday night. I did a roll up of my current position to take advantage of the volatility.

Nett Cashflow Collect was USD $13.31

Small amount but my Sell Price shifted from $10 to $12 by end of this year.

Short Updates: These few months i'm working on FX Investing, so once i'll setup & finalised the system, I'll release out to my students.

*Refer to Disclaimer

58th TRADE (19/01/2017)

Hi Guys,

Its nearing to AMD's earnings report on 31st Jan 2017. So there's a take profit mania going on. Its currently trading near $10 & below, thus its a good buy to get in. Nett Cashflow spent is USD $5899.13

*Refer to Disclaimer

57th TRADE (09/12/2016)

Hi All,

Due to the recent uptrend in AMD movement & lots of Positive publications & results of the company's performance, there's been strong buying strength uplifting the share price.

I expect AMD to hold its price around its current level of near $10.50 till the next company earnings report due in 17th-23rd Jan 2017 (not announced yet).

I've shifted my Risk positions from Strike $9 to Strike $10 as follows, nett Cashflow spent is USD $115.20

*Refer to Disclaimer

56th TRADE (18/11/2016)

Hi Guys,

AMD has 2 large movement days on Nov 18-19 as the announcement of their deal with Google has pushed its price up 20% in that last 2 days.

Due to the sudden upward movement, i'll have to re-adjust my position to contain the fluctuations of the price.

Spent Nett Cashflow USD $255.36  for the adjustments.

*Refer to Disclaimer