Sell puts on what ? You don't have the 100 shares anymore,...

You have cash form the 100 shares being call away.

This premium you collected earlier will not allow you to accumulate the 100 shares fast enough for you to do another put options. Unless you go foe cheaper ctrs. And cheaper ctrs won't earn your enough premiums.

A few rounds of 'losses' will void you of all your 100-share sets to earn premiums with.

I only do options on things I want to own.

4.6 liao so fast...soon 4.7 next...

Dropping like a fly....at this pace RM5 is not far away

Like turkey and pakistan, unofficial inflation rate will likely double digit.

I was wondering, is it too late to change my MYR to USD now and keep for a year? I have some extra capital from my FD

Never said never. Look where USD will be in 5 years from now.

So today we have 4.2x d T.T

Temporarily rally again 🤦‍♀️

Let’s see whether sustain to 4.20 as it is the lower band

RM this year will be very difficult to breach 4.20 and should be around range 4.24 to 4.38 for 2023

Isnt SGD stronger n steadier than USD?

Stronger no, steadier yes.

Steadier because MAS will intervene in SGD based a valuation of a basket of currencies. This basket is secret but should consist of the currency of SG major trading partners USD, RMB, MYR etc.

Last 20 years

First 10 years, take a look at Chinese Yuan.

The basket itself will consists mostly Asian currencies with at least 10% of it is in USD

The secret is lies in the band value itself which NEER is consists and what is upper and lower band for the policy to be in place

Last 20 years



This post has been edited by MGM: Jan 22 2023, 03:57 PM

I mean USD vs Yuan

Then compare USD vs SGD

From 2002-2012.

https://www.sinchew.com.my/20230628/%e7%bb%...96%b2%e6%80%81/



Interesting statistics. MYR FX market daily trading volume is about 15 billion USD. Malaysia FX reserves amounts to 115 billion USD.

If BNM really wants to play hard, our foreign reserve may evaporate in days.

Some interesting reads from Sinchew:

https://www.sinchew.com.my/20230710/%e9%a9%...89%b6%e6%8c%81/

https://www.sinchew.com.my/20230710/%e9%a9%...1%e5%ae%883-45/