My Options2Wealth Portfolio continued its upward climb this past week and reached yet another milestone with its NAV appreciating 1,147% in a little over 5 months.
First, let’s look at the overall market’s performance for the week ending February 16th, 2024:
| Index | Previous Weekly Close | Current Week’s Close | Change | Percentage Change |
|
$DOW |
38,671.69 | 38,627.99 | –43.70 | –0.11% |
| $SPX |
5026.61 |
5005.57 |
–21.03 |
–0.42% |
| $COMPX | 15,990.66 | 15,775.65 | –215.01 |
–1.34% |
All 3 major indices were down this past week…considering how much they have gone up in the first 6 weeks of 2024, it is not surprising the indices are taking a breather. I am keeping a very close eye on the overall health of the markets to make sure that I preserve the NAV of my O2W portfolio…this is the main reason why I am maintaining a healthy cash position in my portfolio…
Now it’s time to look at the performance of the O2W portfolio companies:
| Company | Stock’s Previous Weekly Close | Current Weekly Close | Change | Percentage Change |
| Amprius Technologies (AMPX) | $ 4.14 | $ 3.99 | –$0.15 | –3.62% |
| First Solar (FSLR) | $151.00 | $156.98 | +$5.98 | +3.96% |
| GigaCloud Technology (GCT) | $ 29.28 | $ 34.50 | +$5.22 | +17.83% |
| Qualcomm, Inc. | $151.00 | $152.69 | +$1.69 | +1.12% |
| StoneCo, Ltd. (STNE) | $ 18.11 | $ 16.50 | –$1.61 | –8.89% |
| Tesla | $193.57 | $199.95 | +6.38 | + 3.30% |
Notes: Bolded are new Positions.
Companies whose options expired this past week have been removed from the above list.
Except for AMPX and STNE, all other portfolio companies did well, with GCT being the star performer. TSLA, a new position also did well along with FSLR.
Let’s take a close look at the performance of O2W portfolio’s each long position:
Options2Wealth Options Portfolio Positions:
| Company | Option | Quantity | Purchase Price | Weekly Close* | Price Change | Current Value |
| AMPX | 10 January 17, 2025, $5 Calls | 10 | $1.05 | $0.55 | –$0.50 | $ 550.00 |
| AMPX | Mar 15, 2024, $6.00 calls | 25 | $0.65 | $0.00 | –$0.65 | $ 0.00 |
| FSLR | April 19, 2024 $160 calls | 15 | $12.94 | $12.95 | +$0.01 | $ 19,425.00 |
| GCT | Mar 15, 2024, $20 calls | 10 | $2.70 | $14.20 | +$6.70 | $ 14,200.00 |
| QCOM | March 15, 2025, $140 Calls | 1 | 7.01 (average) | $13.15 | +$5.29 | $ 1,315.00 |
| STNE | March 15, 2024, $20 calls | 25 | $0.55 | $0.20 | –$0.35 | $ 500.00 |
| TSLA | April 19, $180 Calls | 5 | $22.00 | $27.20 | +$5.20 | $13,600.00 |
| TSLA | March 15, $190 Calls | 20 | $13.30 | $15.60 | +$2.30 | $31,200.00 |
| Sub-Total | $80,790.00 | |||||
| Available Cash | $43,930.70 | |||||
| Total Portfolio Value | $124,720.70 |
* Bid Price
Note: Bolded denotes new Position(s).
Options2Wealth Portfolio Snapshot (Week ending February 16th, 2024):
| Current Weekly Close | Previous Week | Weekly Change | Weekly % Change | Total Current Value | YTD % Change* | Available Cash |
| $124,720.70 | $ 108,897.95 | +$15,822.75 | +14.53% | $124,720.70 | +1,147.21% | $43,930.70 |
* Portfolio’s start date: September 5, 2023 with $10,000
Final Thoughts:
Even though my portfolio is up a healthy 14% for the week, I am leery of the market’s direction and hence the reason 35% of O2W’s NAV is in cash.
The reason for my skittishness is because there is way too much bullishness. The Put/Call ratio is currently at 0.53 (meaning the overall market sentiment bullish and that’s a negative); and the Fear & Greed Index @ 77 is in Extreme Greed territory, which again is worrisome. This week Nvidia’s earnings is on tap (February 21) and should it miss, the Nasdaq will take a steep tumble…It was my leeriness last week that made me sell many of my positions.
SMCI:
I am pleased to see SMCI pullback from its stratospheric levels and hopefully it will come down even further. Ideally, I would like for it to come down to test its 50 day moving average line which is another $300+ lower, at around $45o level. Should it come down to near that level, I will pounce on it with total abandon! 😀. In my 35+ years of playing the markets, I have never experienced a move like SMCI’s, not even during the Dot Com boom. In my opinion, SMCI, with sales and earnings per share growing 100% quarter over quarter and year over year and with its current market-cap a measly $45B, SMCI is the best bargain stock in the market — Period! Most people confuse stock valuation to its share price when they should be using market-cap to assess a company’s valuation. Comparing its valuation to NVDA, with a market-cap of $1.79B is 44x SMCI’s valuation while it is growing slower than SMCI. I still stand by my prediction that SMCI’s BoD will announce a stock split within 12 months. My valuation thesis on SMCI can be found here.
Now that my O2W’s NAV is over $100K, going forward, I will try to limit my focus on mid to large cap companies but will continue to look for small-cap gems like GCT.
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.
3 Responses
Karim
Just an incredible job with your consistent winning options trades since restarting options2wealth. Whats particularly impressive is that you started right before the worst week of the market in 2023 and have rebuilt the initial drop to under $5000 in capital to today’s $125,000
i just love the easy to read compelling and fact based commentary you provide to your readers and especially your unprecedented column that allows your readers time to absorb your comments BEFORE you make your option trades and actually allows readers to actually front run you at the open. (incredibly generous) !
No one else has ever done this….except you of course the last time you turned $10k into $1 million.
Looks like you are about to replicate that amazing accomplishment. This time the Wall Street Journal and Investors Business Daily should be covering you on the way up!
Bravo my Friend. – Amazing results and again thanks for sharing your trades before you make them. Really unprecedented and so helpful and selfless of you. Bravo !
Thank you, PCS…much appreciated.
Karim:
I want to second what the previous poster said about your selflessness and your incredible results we all are witnessing in realtime. It is an amazing feat. With your blog you have made options trading more approachable and less scary for novices like me and for that I thank you. Not to mention introducing me to those amazing point & figure charting system!
Thanks again.
Mark