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Wow... I didn't realise it had been so long!

  • Dan
  • Jan 22
  • 4 min read

Updated: Feb 5

Ok so I last posted back in July! Geez...! I keep meaning to update the site, but got caught up with other things instead. Nevermind, the trading has been continuing, and I've been keeping track of all my trades - although I haven't been posting about them, so I guess I'll do a bulk update now, and post my newset open positions... Here goes: First - I'll get the bad ones out of the way: RIOT was spectacular.... I lost about $9k usd on that one. First loss of the year. It was a bull put spread at $9 / $8. RIOT had some good support around $9, and it was holding for some time, then dropped quickly close to $8, so I lost around 90c of that $1 I had risked. Ouch... I should've gotten out earlier tbh... The trade had moved against me, and I was 'hoping' for a turnaround, but I should have just bailed. Nevermind. CRWD - this one was a 100% loss, which sounds terrible, but my risk was very low at $1200. This was really just a punt on the stock price cratering and me collecting big. Ok that didn't happen, but my risk was tiny. At one point I was up $11k - I should have sold, but I thought CRWD was in freefall, and would go below $200 (which would have seen my position over $50k up) but it didn't do that. Sigh. All the others landed in positive territory, over the last few months they were: DDOG - I rolled the Aug24 expiry, into September, then I rolled Sept24 into Oct24 where we expired. I picked up roughly $7k aud over those trades, as each roll yielded a new credit. I haven't opened any further DDOG positions. BHP - The Sept Expiry was assigned at $42.51. So I was holding 2800 BHP shares on ASX as a result. I was paid $4100 in premium to buy these. I then wrote Oct24 covered calls at the same strike to offload them and made another $1380. When Oct monthly expiry date arrived though, even though the contracts were ITM, I was only partially assigned. 2000 of my shares were sold, but I kept the last 800. So I then wrote 8 covered calls, and 20 puts at the same strike again, just two weeks further out for end of Oct24 expiry for another $2400 in total premium. I was assigned the 8 calls, and so sold my remaining BHP, and the 20 puts expired worthless. In Nov24 I wrote 28 more puts 3 weeks out, and took in a further $2800. These were assigned, and I'm still holding them two months on. Just over $10k in premium earned, and the stock hasn't really moved. AMD - The 5 strike combo for Aug24 I wrote was partly assigned. The four lower strikes expired and the $150 got exercised, so I was assigned 100 AMD at $150. In Sept, I wrote a short strangle (sell a put (to buy more at $150) / sell a call (to sell my existing 100 at $165)) at $150 / $165 which I closed out a few days before expiry for a $1k usd credit. For Oct24, I wrote another covered call at $165 for a $4 credit ($400 usd). In Oct I wrote another short strangle ($150 / $170) for Nov 24 expiry. The put was exercised - so then I was holding 200 AMD shares. A final trade on AMD for Dec24, I wrote one more put at $140 expiry for $400 usd, also assigned. I now hold 300 AMD shares. I was paid almost $5k usd in premiums, and my avg price was $146.67. Currently they're sitting around $122. I'm going to wait a bit on these. MSTR - Well this should have been a buy and hold I guess! It's $400 now!! Lets talk about what I did..... I wrote a put at $135 and obviously didn't get assigned. It was a 5.2% return but I only wrote one put as margin was thin due to other open positions. so I made $700 usd on that, as it expired in Oct24. I revisited MSTR in Nov, for a Dec expiry at $180. I wrote 3 puts and took home $4k usd that time. I'd be up well over $60k usd had I just bought them and ignored. Oh well, I still made something. SNOW - In Sept24 SNOW had a good premium of 5% for a $115 Oct24 Put. I wrote two and took in $1k usd. ASML - My latest trades are in Dec and Jan, for Jan and Feb expiry respectively. I wrote 1 $700 put for $2k usd premium. It expired. Then I wrote 2 $710 puts for $5k usd and it is currently open, but ASML has moved upward, so it's looking like it will expire (or I might buy it back if I can collect 90% of the premium and there's still time on the contract). That's it for now.... I'm all caught up I think. Altogether, for the 7 months since July24, I've currently returned $41k on an account size of $160k (so around 25% so far) - and yes this is factoring in those losses mentioned above.

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