Another positive week - Week in review (May 13 - May 17)
Another decent week of profits.
Not as great as last week, but good enough for me.
Got a super bad stomach flu at the beginning of the week, so didn't open any new positions until mid-week:
Opened #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net |
|---|---|---|---|---|---|---|---|---|---|---|
| SPY | open | BPS | 2024-05-15 | 2024-05-24 | 516 | 507 | 0.52 | 2 | 2.8 | 101.2 |
| MSFT | open | BPS | 2024-05-16 | 2024-08-16 | 385 | 355 | 2.66 | 1 | 1.4 | 264.6 |
| PG | open | BPS | 2024-05-17 | 2024-08-16 | 155 | 145 | 0.5 | 2 | 1.4 | 98.6 |
| PYPL | open | BPS | 2024-05-17 | 2024-07-19 | 60 | 55 | 0.82 | 2 | 1.39 | 162.61 |
| CSCO | open | Short Put | 2024-02-28 | 2024-03-15 | 47.5 | 0 | 0.17 | 1 | 1.05 | 15.95 |
Weekly SPY and monthly MSFT / PG trades.
Naked put trade to add to my existing CSCO campaign, which is still sitting at around an $800 loss right now.
Closed / Expired: #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MSFT | open | BPS | 2024-04-08 | 2024-07-19 | 375 | 360 | 1.5 | 1 | 1.26 | 148.74 | $77.34 |
| MSFT | close | BPS | 2024-05-15 | 2024-07-19 | 360 | 375 | -0.7 | 1 | 1.4 | -71.4 | |
| ORCL | open | BPS | 2024-05-02 | 2024-06-21 | 105 | 100 | 0.85 | 2 | 1.39 | 168.61 | $83.22 |
| ORCL | close | BPS | 2024-05-14 | 2024-06-21 | 100 | 105 | -0.42 | 2 | 1.39 | -85.39 | |
| SPY | open | BPS | 2024-05-07 | 2024-05-17 | 505 | 495 | 0.57 | 2 | 3.6 | 110.4 | $110.40 |
| SPY | expired | BPS | 2024-05-17 | 2024-05-17 | 495 | 505 | 0 | 2 | 0 | 0 |
- Closed Net Profits/Loss: $270.96
Notes and Lessons #
Market continues upwards, so I made money again.
The one bearish position I have (BA) looks to be turning into a losing trade after bouncing up and down the last couple weeks.
Will probably cut it next week.
Still wondering what I'm going to do when the market turns bearish. How will I make money?
I guess I should just take advantage of the bullish trend while I can.