Solid finish to the month - Week in review (Mar 25 - Mar 29)
Good finish to the month.
Shortened week, and I was coming back from a trip, so didn't do too much.
Opened a few new trades, while a few positions closed/expired:
Opened #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net |
|---|---|---|---|---|---|---|---|---|---|---|
| SPY | open | BPS | 2024-03-26 | 2024-04-05 | 511 | 502 | 0.59 | 2 | 2.79 | 115.21 |
| AMD | open | BPS | 2024-03-27 | 2024-05-17 | 160 | 155 | 1.29 | 2 | 1.48 | 256.52 |
| PG | open | BPS | 2024-03-27 | 2024-06-21 | 150 | 140 | 0.6 | 2 | 1.48 | 118.52 |
Nothing too exciting. AMD had a really good premium, and is in a nice uptrend, so got sucked in even though entry maybe was not ideal.
Doubled up typical monthly position on PG (2 instead of 1), because premium is so low. Maybe should not bother with it, but just trying to stick to the plan.
Closed / Expired: #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PG | open | BPS | 2024-02-20 | 2024-05-17 | 150 | 140 | 0.81 | 1 | 2.1 | 78.9 | $37.50 |
| PG | close | BPS | 2024-03-27 | 2024-05-17 | 140 | 150 | -0.4 | 1 | 1.4 | -41.4 | |
| SPY | open | BPS | 2024-03-18 | 2024-03-28 | 501 | 489 | 0.7 | 2 | 3.59 | 136.41 | $136.41 |
| SPY | expired | BPS | 2024-03-28 | 2024-03-28 | 489 | 501 | 0 | 2 | 0 | 0 | |
| MRVL | open | BPS | 2024-03-22 | 2024-05-17 | 60 | 55 | 0.99 | 2 | 1.11 | 196.89 | $101.50 |
| MRVL | close | BPS | 2024-03-27 | 2024-05-17 | 55 | 60 | -0.47 | 2 | 1.39 | -95.39 |
- Closed Net Profits/Loss: $275.41
MRVL spiked up slightly, so managed to close it just 5 days after opening.
Notes and Lessons #
Good end to a month which started out negative.
Market has been going almost straight up for the last 4 months, so basically any bullish position has ended up profitable.
Have been slowly looking at testing some more strategies out, or adding companies to my long-term strategy. Maybe will test some things out next month.