Monster Week - Week in review (May 6 - May 10)
Had a hugely profitable week (by my low standards).
Probably one of my best weeks ever so far actually.
The market jumped up big, and a lot of my longer term spreads that I had been holding for awhile closed.
Also, took a few new positions this week:
Opened #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net |
|---|---|---|---|---|---|---|---|---|---|---|
| MSFT | open | BPS | 2024-05-07 | 2024-08-16 | 370 | 360 | 1.27 | 1 | 1.4 | 125.6 |
| SPY | open | BPS | 2024-05-07 | 2024-05-17 | 505 | 495 | 0.57 | 2 | 3.6 | 110.4 |
| BA | open | BCS | 2024-05-07 | 2024-06-21 | 195 | 200 | 0.71 | 2 | 1.32 | 140.68 |
| MCD | open | BPS | 2024-02-20 | 2024-05-17 | 275 | 265 | 1.1 | 1 | 1.4 | 108.6 |
| MCD | close | BPS | 2024-05-08 | 2024-05-17 | 265 | 275 | -6.5 | 1 | 1.4 | -651.4 |
| MCD | open | BPS | 2024-05-08 | 2024-06-21 | 275 | 260 | 7.5 | 1 | 1.4 | 748.6 |
Weekly SPY and MSFT trades, and one new bearish trade on BA.
I've been looking to take some more bearish positions to balance out all the bullish positions I have. BA has been a big downtrend, so just going with the trend.
Looks like it might breaking out from its downtrend though. We'll see.
Also rolled one of my MCD position out farther. The company has not been doing so well recently. I may think about just closing it for a loss soon.
Closed / Expired: #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MSFT | open | BPS | 2024-03-18 | 2024-06-21 | 370 | 355 | 1.55 | 1 | 1.4 | 153.6 | $77.20 |
| MSFT | close | BPS | 2024-05-06 | 2024-06-21 | 355 | 370 | -0.75 | 1 | 1.4 | -76.4 | |
| MSFT | open | BPS | 2024-03-21 | 2024-06-21 | 380 | 340 | 2.61 | 1 | 2.1 | 258.9 | $122.64 |
| MSFT | close | BPS | 2024-05-10 | 2024-06-21 | 340 | 380 | -1.35 | 1 | 1.26 | -136.26 | |
| V | open | BPS | 2024-03-21 | 2024-05-17 | 265 | 255 | 0.68 | 2 | 1.32 | 134.68 | $65.29 |
| V | close | BPS | 2024-05-07 | 2024-05-17 | 255 | 265 | -0.34 | 2 | 1.39 | -69.39 | |
| PG | open | BPS | 2024-04-23 | 2024-07-19 | 150 | 140 | 0.51 | 1 | 1.4 | 49.6 | $30.20 |
| PG | close | BPS | 2024-05-10 | 2024-07-19 | 140 | 150 | -0.18 | 1 | 1.4 | -19.4 | |
| COST | open | BPS | 2024-04-23 | 2024-07-19 | 650 | 630 | 2.14 | 1 | 1.4 | 212.6 | $111.20 |
| COST | close | BPS | 2024-05-06 | 2024-07-19 | 630 | 650 | -1 | 1 | 1.4 | -101.4 | |
| MU | open | BPS | 2024-04-25 | 2024-06-21 | 100 | 95 | 1.15 | 2 | 1.23 | 228.77 | $141.66 |
| MU | close | BPS | 2024-05-06 | 2024-06-21 | 95 | 100 | -0.43 | 2 | 1.11 | -87.11 | |
| SPY | open | BPS | 2024-04-30 | 2024-05-10 | 496 | 486 | 0.71 | 2 | 3.6 | 138.4 | $138.40 |
| SPY | expired | BPS | 2024-05-10 | 2024-05-10 | 486 | 496 | 2 | 0 |
- Closed Net Profits/Loss: $686.59
Woohoo!
Notes and Lessons #
Very nice week for me, profit wise.
A few positions that I had been holding for awhile (30+ days) finally closed (MSFT, V).
Market seems to be going back into a bull trend after the past few down/flat weeks.
We'll see if the trend continues or not. Just going to keep sticking to the plan for now.