Let’s start with:
General Market Direction:
Weekly Market Snapshot:
| Index | Previous Week’s Close | Current Week’s Close | Change | % Change |
| Dow | 35,390.15 | 36,245.50 | +855.35 | +2.42% |
| SPX | 4,559.34 | 4,594.63 | + 35.29 | +0.77% |
| Nasdaq | 14,250.85 | 14,305.03 | + 54.18 | +0.38% |
Yet again this week, all 3 indices closed higher. However, this time the top spot went to the Dow Industrials, up a sizzling 2.42%, with the S&P coming in 2nd, up 0.77% and for the second week in a row, the Nasdaq came in 3rd., up just 0.38%!
Stock Performance of Options2Wealth Current Portfolio Companies:
| Company | Previous Week’s Close | Current Weekly Close | Change | Percentage Change |
| Enphase Energy | $100.22 | $106.52 | +$6.30 | +6.29% |
| First Solar | $154.38 | $160.29 | +$5.91 | +3.83% |
| Intel Corporation | $43.96 | $43.74 | –$0.22 | – $0.50% |
| Microvast Holdings | $1.01 | $1.28 | +0.27 | +26.73%% |
| Qualcomm Inc. | $127.75 | $129.67 | +$1.92 | +1.00% |
| Tetra Technologies | $4.81 | $4.77 | –$0.04 | – $0.83% |
| Upstart Holdings | $23.73 | $32.37 | +$8.64 | +36.41% |
Now let’s check the stock performance of my O2W portfolio over the past week:
Only current open positions are listed in this table. Any position(s) closed during the week have been deleted. The available cash is the most current number.
NOTE: Options bolded below are new positions that were initiated during this past week. Also, as can be seen below, my portfolio’s options positions have changed. Please refer to a couple of my recent posts to bring yourself up to speed…
Now the weekly update on my portfolio’s performance:
Options2Wealth Options Portfolio:
| Company | Options | Quantity | Purchase Price | Weekly Close* | Price Change | Current Value |
| ENPH | January 19, 2024,$105 calls | 18 | $5.70 | $9.10 | $3.40 | $16,380.00 |
| FSLR | January 19, 2024 calls, Strike Price: $170 | 6 | $4.50 | $5.90 | $1.40 | $ 3.540.00 |
| INTC | Feb 16, 2024, $50 Calls | 30 | $0.85 | $0.84 | – $0.01 | $ 2,520.00 |
| INTC | Feb 16, 2024, $55 Calls | 50 | $0.30 | $0.28 | – $0.02 | $ 1,400.00 |
| MBLY | February 16, 2024, $50 calls | 30 | $1.08 | $0.50 | – $0.58 | $ 1,500.00 |
| MVST | Dec 15, 2023 $2.5 Calls | 10 | $0.50 | $0.00 | – $0.50 | $ 0.00 |
| QCOM | Feb 15, 2023 $140 Calls | 6 | $3.10 | $3.10 | +$0.00 | $ 1,860.00 |
| TTI | Dec 15, 2023, $5 Calls | 20 | $1.10 | $0.00 | – $1.10 | $ 0.00 |
| UPST | Dec 15, 2023 $27.50 Calls | 2 | $3.48 (average cost) | $5.25 | +$1.77 | $ 1,050.00 |
| Available Cash | $ 142.83 | |||||
| Total Portfolio Value | $28,392.83 |
*Bid Price
Options2Wealth Portfolio Snapshot (Week ending December 1st, 2023):
|
Current Week |
Previous Week | Weekly Change | Weekly % Change | Total Current Value | YTD % Change |
Avail. Cash |
| $28,392.83 | $26,446.53 | +$1,946.30 | +7.36% | $28,392.83 | +183.92% |
$142.83 |
Even though my Options2Wealth portfolio was up a solid 7.36% for the week, I was hoping for a much bigger jump. So needless to say, I personally am somewhat disappointed by its performance.
However, based on the charts and also the macro outlook for the alternate energy sector, I am confident that this coming week, its performance should be a lot better than last week’s…
🙂
Intel & Nvidia
As I stated in my last week’s update, I don’t feel the need to gloat every single week on my prescient call from 3 months back and therefore, going forward, I will only do an update on the 2 companies respective market caps once a month.
Wish you all a safe and profitable Monday!
karim
DISCLAIMER: I am not a licensed broker or securities dealer. All postings made here are strictly for my personal record keeping and in no way, shape or form, am I even remotely suggesting others to follow my Buy and Sell moves. Trading options is not for the faint of heart as one’s portfolio can move up, or down 10%-50% or more during a single trading day, so trade with extreme caution. Past stock performance is no guarantee of future results.
Full Disclosure: I own options in the stocks of companies mentioned in my posts.
2 Responses
Followed you over a decade ago on Seeking Alpha in stunned disbelief as I observed you real time posting your options trades systematically turning $10,000 into 1 million. I really can’t believe you are back after all these years repeating your success. Nice call on the alternative energy sector bottom – wow ! Almost tripled the 10K already and that was an after a market drop slow start. Amazing. Thanks for sharing – especially your generosity if posting your option buys and sells BEFORE the market opens and before you execute your trades. This is truly selfless of you.
Thank you, Option$.
Happy to see a follower from my old Options2Wealth blog on Seeking Alpha found me here…Since you followed me 10 years ago, then you must know that many of my followers back then piggybacked on my trades and made a bundle…hope you were one of them…
Enjoy my blog and profit!
Best~
karim
P.S. BTW, nice handle: Option$