GLXY time to buy the dip?

Nov 5, 2025

I trade primarily options and primarily swing trades.
And I LOVE set ups like the one GLXY is going into.
There are signs of a possible reversal from the downtrend:
1. It's at the old resistance level.
2. It's now retesting the support level from September
3. It's coming down into the POC and significant volume.
4. It's near the downward trend line.
5. We're at the 100 day moving average.

Now, my preferred trade type here is to sell puts. The reasons are:
1. The position doesn't need to go up, for me to profit. Sideways action - or even slightly down, and I'm still good.
2. If the position breaks down, I'll own the stock at a discount. No biggie.

Usually, I don't trade options that are more than 2 weeks out, but I also like to place the strike at a decent level of support. The options here are the POC line at 28, or the 200day at 25

For next Friday (Nov. 14) the 28 strikes are $0.60, and the 25s are $.15
I'm going go just under the POC at 27 for $0.35.
This trade is active.

Nov 5, 2025

Trade active

Sold puts for $0.35 at a strike price of $27 expiring Friday, November 14.
Will update if this trade gets complicated.

Nov 8, 2025

Note

A perfect bounce off the trendline yesterday.

Nov 10, 2025

Note

I guess I lied, the put I sold was $0.419.
It's down to $0.15.
I decided to roll this out and down. So, I've rolled the 27stike to next Friday and down to a 26 strike.
Realized profit off the first option trade was $26.90.
The new put for the 21st was sold at $0.29 per share.

I decided to go down to 26 as the 200 day moving average is there and it provides a bit more protection.

Nov 14, 2025

Note

The bad news: Structure totally broke down on us. We're now out of the channel.
The good news: the 200 day EMA held up (which is why I wrote the put down below it).
Currently, I'm still holding that 26 strike. It's not ITM yet, but it's value is way up ($1.25 per share on close). So the position is -325%. Hoping for a bounce on Monday, but if I own it here, that's ok too.
I like GLXY and my 1 year target is about $40. So we'll see how this plays out next week.

Nov 22, 2025

Note

Honestly.... not an ideal situation playing out. The whole market's structure broke down this week, and GLXY got his hard.

The running joke is often that options traders become investors really fast. And I've always found that funny, because I've used options as an entry point. So, I'm not mad about the way things have gone, despite the trade "failing".

Friday at close the $26-stike put I sold was exercised and I now have an open equity position with an average of 25.7

As such, my GLXY trade thus far looks like:
Equity = 100 shares = -$173
Options premiums = +$26.90
Total = -$146.10

Monday I'll write a covered call and a put to continue to work this position.
For covered call, I like Dec05 $30-strike = $0.25/share (to keep and hold the stonk) or Nov28 $27.5 strike = $0.15/share (to double end the premium and get out).

The put I'll write is probably Dec05 $19-strike which has a premium of $0.30

I'll update next Saturday!

Nov 28, 2025

Note

Ok, I love trading this stock. It totally broke structure, but has bounced back solidly. There's been some action for me this week.
Monday = Sold a covered call at a strike of $27 for Nov28. Premium was $0.26/share (almost got exercised).
Friday = Sold a covered call at a strike of $28.5 for Dec5. Premium was $0.64/share.

So a decent week in premiums. $90.
Plus the stock went on a run and my equity position is also up $113.
The total position is now +$203. That's a gain of nearly $350 in a week.

I don't have an exit strategy yet. The premiums are so good I might just keep rolling covered calls until one gets exercised. I think I'll probably look to exit and switch back to selling puts when/if the price hits about $30.

Dec 6, 2025

Note

I hope I don't jinx this, but I'm loving this stock for options plays.

Options I played with this week:
1. Sold Covered Call Dec 5 - $27-strike: On Friday, I realized late in the afternoon that $27 calls were writing at $.10 a share for same day expiry. I sold one when the stock price was at $25 and made $10. It expired safely.
2. The Dec5-$28.5 expired.
3. Friday I sold a put for Dec19 at a $21 strike for $0.32/share.
4. Friday I sold a covered call for Dec12 at a $29 strike for $,038/share: I'd be happy to close the position there.

So the total position is now:
Equity = -$13
Options = +$196.90
Total = +183.9

Dec 13, 2025

Note

The whole week I was thinking: well, that's it for this trade, the $29 strike is definitely going to get exercised. Then, Friday happened.

Looking at the chart, it was the compounding of the general market hit on Friday plus the fact that GLXY hit all the old resistance from the summer.

The really bad news: There's a significant head and shoulders pattern developing on the 1day chart. For me, I think it's time to start thinking about an exit strategy. But I'm going to stay in at least 1 more week.

This week:
- When it became obvious on Friday the Dec12 call would expire, I sold a Dec 19 $30 call for $0.56/share
- I bought back my Dec19 $21 strike for $5 (I wanted to limit risk)

So the total position is:
Equity = +$109
Options = +$247.90
Total = +$356.90

We'll see how this coming week goes, and then make a decision of whether to keep going. The options premiums are making this trade work - and I still love the upside. But I'm a little apprehensive about the downside risk.

Possible exit strategy = Stop loss at $23? Then sell puts to stay in the game? We'll see as the week progresses.

Dec 22, 2025

Note

The GLXY rollercoaster isn't for the faint of heart.
I'm bullish again after spotting some bullish push on the RSI.

That said, I'm very happy with the premiums I'm earning so I'll happily exit here and start again at a lower price if possible. So, I sold a Dec26 $26.50 strike for $0.16

If the price drops again, I'll likely sell a put. Let's see how this goes.


Equity = -$111
Options = +$263.90

Dec 27, 2025

Note

I wasn't paying attention to GLXY at all this week (holidays), but just noticed a massive head and shoulders pattern forming.
Generally, I find H&S to be pretty unreliable. But enough people could be seeing this to fight the price action.
My covered call last week expired, I'm considering dumping this trade now and limiting the risk a bit. I made decent money on the options.
The other option is to collar it.
Next week: I could buy a $22 put for $0.25, and sell a $24.5 covered call for $0.40. It would limit my potential earnings from a rally. But it would protect me from a drop in the price. This is the way I'm leaning.