This week’s portfolio update is very special to me personally.
Yesterday, my Options2Wealth portfolio reached a significant milestone. But more about this milestone later… 😊
First, let’s look at the overall market’s performance for the week ending February 9th, 2024:
| Index | Previous Weekly Close | Current Week’s Close | Change | Percentage Change |
| $DOW | 38,654.42 | 38,671.69 | 544.99 | 0.05% |
| $SPX | 4958.61 | 5,026.61 | 67.64 | 1.36% |
| $COMPX | 15,628.95 | 15,990.66 | 361.71 | 2.31% |
This past week, the Dow was basically unchanged, up fractionally, followed by the S&P 500, up a solid 1.36% and the tech-heavy Nasdaq up a whopping 2.13%!
Now let’s take a look at the performance of the O2W portfolio companies:
| Company | Stock’s Previous Weekly Close | Current Weekly Close | Change | Percentage Change |
| Amprius Technologies (AMPX) | $ 4.07 | $ 4.14 | –$0.05 | –1.23% |
| Enphase Energy (ENPH) | $101.76 | $122.47 | +$20.71 | +20.35% |
| First Solar (FSLR) | $141.82 | $151.50 | +$9.68 | +6.83% |
| GigaCloud Technology (GCT) | $25.00 | $29.28 | +$4.28 | +17.12% |
| Intel Corp. (INTC) | $42.60 | $43.31 | +$0.71 | +1.66% |
| Mobileye Global (MBLY) | $26.57 | $27.71 | +$1.14 | +4.29% |
| Qualcomm, Inc. | $141.69 | $151.00 | +$9.31 | +6.57% |
| Sun MicroComputer (SMCI) | $579.63 | $740.29 | +$160.66 | + 27.72% |
| StoneCo, Ltd. (STNE) | $18.21 | $ 18.11 | –$0.10 | –0.55% |
Unlike the previous 2 weeks, this week I did not have to confront a sea of red. Except for AMPX and STNE, all my positions ended the week in the plus column!
Let’s check out 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 | $0.70 | –$0.35 | $ 700.00 |
| AMPX | Mar 15, 2024, $6.00 calls | 25 | $0.65 | $0.10 | –$0.55 | $ 250.00 |
| ENPH | Feb 16, 2024, $170 calls | 10 | $3.46 (Average) | $0.00 | –$3.46 | $ 0.00 |
| FSLR | Feb 16, 2024, $190 calls | 6 | $6.10 | $0.02 | –$6.08 | $ 12.00 |
| GCT | Mar 15, 2024, $20 calls | 30 | $2.70 | $9.40 | +$ 6.70 | $28,200.00 |
| INTC | Feb. 16, 2024, $50 calls | 30 | $0.85 | $0.00 | –$0.85 | $ 0.00 |
| INTC | Feb. 16, 2024, $55 calls | 50 | $0.30 | $0.00 | –$0.30 | $ 0.00 |
| MBLY | Feb. 16, 2024, $50 calls | 30 | $1.08 | $0.00 | –$1.08 | $ 0.00 |
| QCOM | March 15, 2025, $140 Calls | 5 | 7.01 (Average) | $12.30 | +$ 5.29 | $6,150.00 |
| STNE | March 15, 2024, $17 calls | 25 | $1.60 | $2.00 | +$ 0.40 | $5,000.00 |
| STNE | March 15, 2024, $20 calls | 25 | $0.55 | $0.60 | +$ 0.05 | $1,500.00 |
| SMCI | March 15, 2024, $550 calls | 1 | $30.00 | $197.90 | +$167.90 | $19,790.00 |
| Sub-Total | $61,602.00 | |||||
| Available Cash | $$47,295.95 | |||||
| Total Portfolio Value | $108,897.95 |
* Bid Price
Options2Wealth Portfolio Snapshot (Week ending February 5th, 2024):
| Current Weekly Close | Previous Week | Weekly Change | Weekly % Change | Total Current Value | YTD % Change* | Available Cash |
| $ 108,897.95 | $55,865.85 | +$53,032.10 | +94.93% | $108,897.95 | +988.98% | $47,295.95 |
* Portfolio’s start date: September 5, 2023 with $10,000
Final Thoughts:
Five months ago, I started my new Options2Wealth experiment with $10,000, aiming to mimic the performance of my original O2W experiment from 10 years ago on Seeking Alpha.
On Friday, the O2W portfolio’s Net Asset Value (NAV) crossed the $100,000 mark.
The milestone is especially gratifying because the timing of this latest experiment’s start date was atrocious.
Barely 2 weeks after the launch of the portfolio, the markets started to correct and over the next 6 weeks the O2W portfolio was buffeted by strong headwinds and its NAV went into a tailspin, closing on October 27, 2023 at $4,901.78, down a whopping 51%.
Now 100 days later, the O2W portfolio’s NAV is sitting at $108, 897.95, up 988.98% since its inception and more than double that from its October low.
The dramatic rate of return achieved by the portfolio can only be achieved through the power of options.
I am proud of the fact that every single trade was posted here in advance, and with my weekly portfolio’s positions table, anyone is able to see not just my profitable trades but my many wipeouts as well!
Even though my new Options2Wealth portfolio is currently lagging behind the performance of my original O2W portfolio back in 2013, I am nonetheless quite pleased by its progress. And now that its NAV is over $100K, going forward, I believe I am now in a better position to improve its rate of appreciation…
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
4 Responses
Amazing. Congratulations.
Thanks, PCS! 🙂
Karim,
Very impressive results. Up 900%. Wow!
As per my previous post back in December I found you or should I say re-found you here after missing much of your amazing run 10 years ago on Seeking Alpha.
Wish I had mimicked your moves across the board instead of picking willy nilly some of your picks here. In hindsight I would have done much better then the measly 70% or so I made in the last 2 plus months. LOL! Compared to your 900% appreciation my returns are peanuts but hey, not bad rate of return for 2 months of trading.
I don’t think it matters to you but here is my trades tally over the last couple of months:
1) I am down on AMPX. (Should I stay with the trade?)
2) Lost money on my Ai trade.
3) Looks like I will lose on MBLY.
4) Came out like a bandit with GCT (great call. Thanks!)
5) Made very good money on one Intel trade but lost money on the next one, so overall I am in the plus.
6) Mode good money on my QCOM trade and just bought into QCOM again today and am already up for the day!
7) Missed the boat on SMCI. (Thought the calls were too expensive but again in hindsight and like you said they were dirt cheap but I did not have the guts to pull the trigger. 🙁
8) And am currently down on STNE. Thanks for the reassuring post over the weekend.
If you ever happen to be in the Bay Area, it will be an honor to take you out for lunch!
By sharing your chart reading skills you are teaching us how to fish though you make it look super easy. Thank you sir!
Respectfully,
Zach
Zach,
Thanks for the nice comment.
No need to be hard on yourself. Your 70% gain in 2 months means you are driving for a 400% yearly run-rate…You should be very proud of your accomplishment.
Sorry but I am not a licensed broker or money manager and therefore cannot give you specific advice on your trades. I am sure you can appreciate my position.
Thanks for the lunch offer…what part of the Bay Area do you call home? I used to live in Santa Clara some 40 years ago and 2 of my all-time favorite places to eat are in San Jose: La Villa deli in Willow Glen and Original Joe’s in downtown San Jose. 🙂
BTW, don’t mean to quibble but after today, my portfolio is up more than 1,000%…though no where close to the gains you saw me deliver 10 years ago on Seeking Alpha…at least not yet! 😉
Best~
karim