As the week comes to a close, our portfolio value stands at $7,384.65, reflecting a -5.66% decline compared to the previous week. While any drop in value is never ideal, this week’s decrease stems largely from challenges in our options trades. These hurdles provide an opportunity to fine-tune our strategy and ensure the portfolio is well-positioned for future growth.
What's Driving the Drop?
The most significant pressures on our portfolio are coming from two positions:
- MS Credit Spread: The spread is being challenged, and adjustments are likely necessary to mitigate potential losses.
- Put on INTC Stock: This position is also under pressure, and we’re strategizing the best way to roll it forward.
Both trades are key focal points for the upcoming week as we aim to navigate through these challenges and stabilize our portfolio.
No New Stock Buys or Trades This Week
We opted for a cautious approach this week, with no new stock purchases or trades opened. The focus remained on managing existing positions and evaluating market conditions.
Next Steps
In the coming week, our primary goal will be to adjust the MS Credit Spread. Depending on market conditions, we may:
- Roll the position down and forward to provide additional breathing room.
- Reassess the put on INTC to align it better with our risk tolerance and broader portfolio goals.
These adjustments are crucial for ensuring the portfolio is positioned for growth in the near future.
Final Thoughts
While a -5.66% decline is a setback, it’s also a reminder of the dynamic nature of options trading. By proactively managing challenged positions and remaining disciplined in our approach, we’re confident in our ability to rebound and continue growing the portfolio.
Stay tuned for next week’s update, where we’ll share insights on our trade adjustments and their impact on our portfolio performance. Let’s keep moving forward!
Since September 17, 2024, the total income generated from our options trading has reached $840.41. Which already represents 0.84% from our 100K options trading challenge.