This past week was amazing for my Options2Wealth portfolio!
I will let the numbers do the talking… 🙂
Thanks to Fed Chairman, Jerome Powell and his announcement that the Fed plans to lower interest rates 3 times in 2024, the markets roared and so did the value of my Options2Wealth portfolio.
Considering that Mr. Powell’s past pronouncements dragged down my portfolio’s value in September and October by more than 50%, his decision on Wednesday was great news for the Options2Wealth’s value, which jumped up by more than 140% in just one week! And no, that is not a typo!
Let’s first look at the overall markets’ performance last week:
Weekly Market Snapshot:
| Index | Previous Week’s Close | Current Week’s Close | Change | % Change |
| Dow | 36,247.87 | 37,305.16 | + 1,057.29 | +2.92% |
| SPX | 4,604.37 | 4,719.19 | + 114.82 | +2.49% |
| Nasdaq | 14,403.97 | 14,813.92 | + 409.95 | +2.85% |
Compared to the previous week, the markets were red hot this past week! However, compared to the major indices, the Options2Wealth portfolio was on steroids!
Stock Performance of Options2Wealth Current Portfolio Companies:
| Company | Stock’s Previous Weekly Close | Current Weekly Close | Change | Percentage Change |
| C3.ai (Ai) | $28.27 | $31.22 | +$2.95 | +10.44%% |
| Enphase Energy (ENPH) | $103.01 | $123.92 | +$20.91 | +20.30% |
| Enovix Corp. (ENVX) | $11.76 | $14.56 | +$2.80 | +23.81% |
| First Solar (FSLR) | $145.38 | $168.67 | +23.29 | +16.02% |
| Intel Corp. (INTC) | $42.70 | $46.16 | +$3.46 | +8.10% |
| Mobileye Global (MBLY) | $40.21 | $41.96 | +$1.75 | +4.35% |
| Upstart Holdings (UPST) | $36.92 | $44.52 | +$7.60 | +20.59% |
Now let’s check the performance of my O2W portfolio over the past week:
Options2Wealth Options Portfolio:
| Company | Option | Quantity | Purchase Price | Weekly Close* | Price Change | Current Value |
| Ai | Jan 19, 2024 calls, $30 calls | 15 | $3.00 | $2.82 | – $ 0.18 | $4,230.00 |
| ENPH | Jan 19, 2024, $105 calls | 2 | $5.70 | $21.45 | +$15.75 | $4,290.00 |
| ENPH | Jan 19, 2024, $115 calls | 5 | $7.85 | $14.75 | +$ 6.90 | $7,375.00 |
| ENVX | Jan 19, 2024, $12.50 calls | 10 | $1.55 | $2.55 | +$ 1.00 | $2,550.00 |
| FSLR | Jan 19, 2024, $170 calls | 15 | $5.88 (Average) | $9.95 | +$ 4.70 | $14,925.00 |
| INTC | Feb. 16, 2024, $50 calls | 30 | $0.85 | $1.41 | +$ 0.56 | $4,230.00 |
| INTC | Feb. 16, 2024, $55 calls | 50 | $0.30 | $0.50 | + $ 0.20 | $2,500.00 |
| MBLY | Feb. 16, 2024, $50 calls | 30 | $1.08 | $0.75 | – $ 0.33 | $2,250.00 |
| UPST | Feb. 16, 2024, $40 calls | 10 | $4.23 | $9.90 | + $5.67 | $9,900.00 |
| Available Cash | $1,263.88 | |||||
| Total Portfolio Value | $53,513.88 |
*Bid Price
Options2Wealth Portfolio Snapshot (Week ending November 3rd, 2023):
|
Current Week |
Previous Week | Weekly Change | Weekly % Change | Total Current Value | YTD % Change |
Avail. Cash |
| $53,513.88 | $21,874.83 | $31,639.05 | +144.64% | $53,513.88 | +435.14% |
$1,263.88 |
Last week was terrific…let’s see how this week pans out…
🙂
Onwards and upwards!
karim
P.S. My portfolio’s newest addition, AI, is looking ready to blast off…I need to add to my current small position …with available cash only $1,263.88, I may sell out of my MBLY position to buy more Ai…
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 performance is no guarantee of future results.
Full Disclosure: I own options in the stocks of companies mentioned in my posts.
2 Responses
Karim, this is already an impressive achievement! $10000 to $50000 in three months! Glad you included a link to this blog in your bio on Seeking Alpha!!!
You and I connected when you ran your blog on Seeking Alpha but I cannot expect you to remember me. Unfortunately I discovered the old blog about 2 weeks before you ended your amazing feat of taking $10k to $1M+ and i did not have the good fortune of some of the others who made a killing following your trades. Hope I can correct my then misfortune into a fortune this time around! 😉
Have a question. I see you bought AI call options after it broke a triple top and also its bearish resistant line. Would you explain why after AI broke those 2 tough resistances the stock has actually gone down 2 days in a row? Should it not be flying instead? What am I missing?
Thank you again for sharing your time and knowledge. Hope to learn and also make money at the same time!
Respectfully,
Zach
Happy you found my new home, Zach…
Good question: When stocks break major resistance(s), it is not at all unusual for the price to pull back for a day or two before zooming to the moon…I don’t see anything to be concerned about with Ai’s current pullback…
karim