Best week ever? - Week in review (Jan 8 - 12)
Maybe my best week ever (for profits).
After a strong pullback last week, the market turned bullish again.
It recovered everything from last week, and a bit more.
Worked out nicely for me, as a whole bunch of my bullish positions closed for profit.
Opened #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net |
|---|---|---|---|---|---|---|---|---|---|---|
| SPY | open | BPS | 2024-01-09 | 2024-01-19 | 465 | 456 | 0.79 | 2 | 1.79 | 156.21 |
| AMZN | open | BPS | 2024-01-09 | 2024-02-16 | 135 | 130 | 0.71 | 2 | 2.8 | 139.2 |
| MSFT | open | BPS | 2024-01-09 | 2024-04-19 | 330 | 320 | 1.2 | 1 | 1.26 | 118.74 |
| AMAT | open | BPS | 2024-01-10 | 2024-02-16 | 140 | 135 | 0.88 | 1 | 1.4 | 86.6 |
Opened weekly SPY and MSFT positions, plus couple more bullish positions.
Accidentally only ordered a volume of 1 on AMAT trade. Should've been 2 to keep things consistent.
Closed / Expired: #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MSFT | open | BPS | 2023-11-17 | 2023-02-16 | 330 | 300 | 2.56 | 1 | 2.09 | 253.91 | $131.81 |
| MSFT | close | BPS | 2024-01-08 | 2023-02-16 | 300 | 330 | -1.2 | 1 | 2.1 | -122.1 | |
| MSFT | open | BPS | 2023-11-28 | 2023-03-15 | 335 | 320 | 1.58 | 1 | 2.09 | 155.91 | $79.51 |
| MSFT | close | BPS | 2024-01-11 | 2023-03-15 | 320 | 335 | -0.75 | 1 | 1.4 | -76.4 | |
| SPY | open | BPS | 2024-01-02 | 2024-01-12 | 464 | 456 | 0.51 | 2 | 3.6 | 98.4 | $98.40 |
| SPY | expired | BPS | 2024-01-12 | 2024-01-12 | 456 | 464 | 0 | 2 | 0 | 0 | |
| MSFT | open | BPS | 2024-01-02 | 2024-03-15 | 330 | 320 | 1.13 | 1 | 2.1 | 110.9 | $59.50 |
| MSFT | close | BPS | 2024-01-11 | 2024-03-15 | 320 | 330 | -0.5 | 1 | 1.4 | -51.4 | |
| PANW | open | BPS | 2024-01-03 | 2023-02-16 | 270 | 260 | 2.14 | 1 | 2.1 | 211.9 | $110.64 |
| PANW | close | BPS | 2024-01-10 | 2023-02-16 | 260 | 270 | -1 | 1 | 1.26 | -101.26 | |
| CRM | open | BPS | 2024-01-05 | 2023-02-16 | 240 | 230 | 1.7 | 1 | 1.4 | 168.6 | $87.20 |
| CRM | close | BPS | 2024-01-08 | 2023-02-16 | 230 | 240 | -0.8 | 1 | 1.4 | -81.4 | |
| AMZN | open | BPS | 2024-01-09 | 2024-02-16 | 135 | 130 | 0.71 | 2 | 2.8 | 139.2 | $66.41 |
| AMZN | close | BPS | 2024-01-11 | 2024-02-16 | 130 | 135 | -0.35 | 2 | 2.79 | -72.79 |
- Closed Net Profits/Loss: $633.47
MSFT popped this past week, which helped close a bunch of my positions (about 40% of profits). One of the positions, I held for 52 days.
The MSFT strategy continues to be my best performing strategy.
Notes and Lessons #
Nice profit this week, which more than made up for the loss last week.
Don't want to get excited though. Just stick to plan!
Market is basically at an all time high now. Will be interesting to see if it can keep pushing higher or will there be a big pullback again? Or, perhaps it will just start ranging for awhile.
MSFT is also at an all time high, and has been on a pretty incredible bull run since the beginning of last year. Earnings are coming up end of this month, so we'll see if it can continue.