First trading week of 2024 - Week in review (Jan 1 - 5)
Not a great start to the year.
Guess the markets were due for a pullback after a fairly crazy bull run the past couple months.
Managed to stick to my plan more or less, which was good.
Opened #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net |
|---|---|---|---|---|---|---|---|---|---|---|
| SPY | open | BPS | 2024-01-02 | 2024-01-12 | 464 | 456 | 0.51 | 2 | 3.6 | 98.4 |
| MSFT | open | BPS | 2024-01-02 | 2024-03-15 | 330 | 320 | 1.13 | 1 | 2.1 | 110.9 |
| PANW | open | BPS | 2024-01-03 | 2023-02-16 | 270 | 260 | 2.14 | 1 | 2.1 | 211.9 |
| CRM | open | BPS | 2024-01-05 | 2023-02-16 | 240 | 230 | 1.7 | 1 | 1.4 | 168.6 |
Weekly SPY and MSFT position, plus couple more bullish positions.
Should start looking for some bearish positions possibly, but there weren't many good looking ones.
Closed / Expired: #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPY | open | BPS | 2023-12-27 | 2023-01-05 | 467 | 458 | 0.49 | 2 | 3.56 | 94.44 | $89.36 |
| SPY | close | BPS | 2024-01-05 | 2023-01-05 | 458 | 467 | -0.02 | 2 | 1.08 | -5.08 | |
| UNH | open | BPS | 2023-12-27 | 2023-02-16 | 490 | 480 | 1.5 | 1 | 1.25 | 148.75 | $72.35 |
| UNH | close | BPS | 2024-01-02 | 2023-02-16 | 480 | 490 | -0.75 | 1 | 1.4 | -76.4 | |
| AAPL | open | BPS | 2023-12-29 | 2023-02-16 | 185 | 180 | 0.87 | 2 | 2.77 | 171.23 | -$190.16 |
| AAPL | close | BPS | 2024-01-03 | 2023-02-16 | 180 | 185 | -1.8 | 2 | 1.39 | -361.39 |
- Closed Net Profits/Loss: -$28.45
AAPL tanked just a week after hitting an all-time high. Managed to get out, but it opened with a huge gap down, so loss was maybe a bit larger than I had hoped.
Notes and Lessons #
Happy that I was able to cut my loss on AAPL and stick to my trading plan.
Market is looking a bit shaky to start the year. I only have bullish positions right now, so may be looking to take some more losses soon.
In any case, as long as I cut my losses accordingly, I should be fine, right?