Unlike the previous week when my O2W portfolio stocks shot up 144%, however, this the week it still was up, but a more modest 5.85%. I was expecting its value to exceed $60,000 this past week, however, it ended up a little shy of my target.
With the trades I have planned for the upcoming week, I expect my portfolio to make a substantial move up in the next 2 weeks… 🙂
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 | 37,305.16 | 37,385.97 | + 80.81 | +0.22% |
| SPX | 4,719.19 | 4,754.63 | + 35.44 | +0.75% |
| Nasdaq | 14,813.92 | 14,992.97 | + 179.05 | +1.21% |
This past week, the Dow was the laggard, up only 0.22%. The S&P was up a respectable 0.75% and the Nasdaq was up an impressive 1.21%.
Stocks Performance of Options2Wealth Current Portfolio Companies:
| Company | Stock’s Previous Weekly Close | Current Weekly Close | Change | Percentage Change |
| C3.ai (Ai) | $31.22 | $28.74 | –$2.48 | –7.94% |
| Enphase Energy
(ENPH) |
$123.92 | $133.99 | +$10.07 | + 8.13% |
| Enovix Corp. (ENVX) | $14.56 | $13.43 | –$1.13 | –7.76% |
| First Solar (FSLR) | $168.67 | $170.39 | + $1.72 | + 1.02% |
| Intel Corp. (INTC) | $46.16 | $48.00 | + $1.84 | + 3.99% |
| Mobileye Global (MBLY) | $41.96 | $42.95 | + $0.99 | + 2.36% |
| Upstart Holdings (UPST) | $44.52 | $44.16 | –$0.36 | –0.81% |
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 | $1.63 | –$1.37 | $ 2,445.00 |
| ENPH | Jan 19, 2024, $105 calls | 2 | $5.70 | $29.80 | +$24.10 | $ 5,960.00 |
| ENPH | Jan 19, 2024, $115 calls | 5 | $7.85 | $21.10 | +$13.25 | $10,550.00 |
| ENVX | Jan 19, 2024, $12.50 calls | 10 | $1.55 | $1.60 | +$ 1.00 | $ 1,600.00 |
| FSLR | January 19, 2024 calls, $170 calls | 15 | $5.88 (Average) | $9.00 | +$ 4.70 | $13,500.00 |
| INTC | Feb. 16, 2024, $50 calls | 30 | $0.85 | $2.08 | +$ 0.56 | $ 6,240.00 |
| INTC | Feb. 16, 2024, $55 calls | 50 | $0.30 | $0.79 | +$ 0.20 | $ 3,950.00 |
| MBLY | Feb. 16, 2024, $50 calls | 30 | $1.08 | $0.95 | –$0.33 | $ 2,850.00 |
| UPST | Feb. 16, 2024, $40 calls | 10 | $4.23 | $9.45 | + $5.67 | $ 9,450.00 |
| Available Cash | $ 101.28 | |||||
| Current Portfolio Value | $56,646.28 |
*Bid Price
As can be seen above, my portfolio’s newest addition C3.ai, Inc. (Symbol: Ai), did not blast off as expected and in fact pulled back…However, based on it’s PnF and Candlestick charts, I don’t see anything that should worry me…I believe it could come down again on Tuesday to fill the gap @ $28.14. Though it has filled the gap on its weekly chart, but not on its daily chart…
Options2Wealth Portfolio Snapshot (Week ending December 22nd, 2023):
|
Current Week |
Previous Week | Weekly Change | Weekly % Change | Total Current Value | YTD % Change* |
Avail. Cash |
| $56,646.28 | $53,513.88 | $3,132.40 | +5.85% | $56,646.28 | +466.46% |
$101.28 |
* Portfolio’s start date: September 5, 2023
I am pleased with my O2W portfolio’s performance this past week…Now let’s see how this week pans out…
🙂
Onwards and upwards!
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 performance is no guarantee of future results.
Full Disclosure: I own options in the stocks of companies mentioned in my posts.