ANOTHER PERFECT WEEK
What a great week for options premium sellers this week was. Market kept making new highs which gives a lot of freedom to let those theta’s decay or take off some obvious winners. I had quite a few positions that were up 50-60+ percent, I had to restrain myself from actually taking too much off. If I did take something off, I was searching for something to put back on for July 23rd expiry.
The so top plays I took off with $DIA being the highest producer. It is also a lower RoR than most.
$QQQ being another one of my favorite plays and is usually always a good produce as well.
$MSFT and $ADBE being some of the lower producers. I actually didn’t put $ADBE back on due to earnings coming up.
That leaves a couple of my other favorite plays like $TQQQ an $SOXL which I usually always have on.
For the week of June 7th, I ended up taking profits in the following positions for a total weekly gain of $1461.
MONTH IS SHAPING UP AS EXPECTED
This also brings my monthly gains to a healthy $1897. I also have about $1700 in unrealized gains I could take off but I was reluctant going into the weekend. I really need to let these longer DTE’s bake a bit longer before I take profit. Even still, this week the average days held was 13 days. I’m trying, I’m trying to let that theta decay work in my favor.
Current stats for the week.
JUNE IS SETUP FOR SUCCESS
Going into week of June 21, we have 33 positions on for a total of 51 contracts. That amounts to premium of $6225 baking for July 16, July 23, and even July 30th expirys. Yes, I’m starting to push new stuff to July 30th now. Every position that comes off now will get put on new out to July 30th.
I’m still on track for my 2.0% goal for the month of June. Below being the MTD report from IB.
TOTALS FOR 1/2 YEAR 2021 ALMOST IN THE BOOKS!
For the YTD totals, we are sitting at $27,212, which is is still above my goal for this year of 24% for the whole year. 15% for only half the year, I’ll take it! That is exceeding the S&P 500 YTD returns by a few percent. My gains should continue on even if the S&P500 trades flat for the rest of the year!
My current account health going into week of June 14th. Still pretty light on the BP usage.
| Account Health | |
|---|---|
|
NetLiquidation
|
$270,253.90 |
|
MaintMarginReq |
$99,522.69 |
|
BuyingPower |
$1,071,822.91 |
|
BP Usage |
36.83% |
|
Short Premium |
$6,225.54 |
|
Long Premium |
$309.07 |
|
Unrealized PnL |
$1727.61 |
|
RealizedPnL |
$491.96 |
|
Option Positions |
33 |
|
Contracts Total |
51 |
HF
HF
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