After the disastrous start to 2024, I am relieved to see the O2W portfolio stock performance slowly gaining back its traction…
But first, let’s check the general markets’ stock performance for the week ending January 19, 2024.
Weekly Market Snapshot:
| Index | Previous Week’s Close | Current Week’s Close | Change | % Change |
| Dow | 37,592.98 | 37,863.80 | +270.82 | + 0.72% |
| SPX | 4,783.83 | 4,839.81 | + 55.98 | + 1.17% |
| Nasdaq | 14,972.76 | 15,310.97 | +338.14 | +2.26% |
Yet again this week, of the 3 indices, the Dow was the laggard, up only 0.72%, while the S&P was up a respectable 1.17% and the Nasdaq once again was the leader, up a solid 2.26%
Stock Performance of Options2Wealth Current Portfolio Companies:
| Company | Stock’s Previous Weekly Close | Current Weekly Close | Change | Percentage Change |
| Amprius Technologies (AMPX) | $5.00 | $ 4.32 | – $0.68 | – 13.60% |
| Enphase Energy (ENPH) | $110.22 | $. 103.59 | – $6.63 | – 6.02% |
| First Solar (FSLR) | $160.44 | $. 145.92 | – $14.52 | – 9.05% |
| GigaCloud Technology (GCT) | $20.11 | $ 19.90 | – $0.21 | –1.04% |
| Intel Corp. (INTC) | $47.12 | $ 48.15 | + $1.03 | +2.19% |
| Mobileye Global (MBLY) | $30.07 | $ 28.34 | – $1.73 | –5.75% |
| Qualcomm, Inc. | $140.20 | $ 151.96 | + $11.76 | +8.39% |
| StoneCo, Ltd. (STNE) | $17.11 | $ 17.03 | – $0.08 | –0.47% |
Note: Bolded are new Positions.
In yet another sea of red, my 2 semiconductor holdings, INTC and QCOM, bucked the trend and swam against the tide to make gains. Luckily, these 2 stocks’ performance, but especially QCOM, allowed the O2W portfolio to not only overcome the losses of the others but help the overall portfolio to make an impressive gain for the week.
Now let’s check the stock performance of my O2W’s portfolio this past week…
Options2Wealth Options Portfolio Positions:
| Company | Option | Quantity | Purchase Price | Weekly Close* | Price Change | Current Value |
| AMPX | 10 January 17, 2025 Strike Price $5 Calls | 10 | $1.05 | $0.75 | —$0.30 | $ 750.00 |
| AMPX | March 15, 2024, Strike Price $6.00 | 25 | $0.65 | $0.20 | —$0.45 | $ 500.00 |
| ENPH | Feb 16, 2024, $170 calls | 10 | $3.46 (Average) | $0.20 | —$3.26 | $ 200.00 |
| FSLR | Feb 16, 2024, Strike Price: $190 | 6 | $6.10 | $0.16 | —$5.94 | $ 96.00 |
| GCT | February 16, 2024, Strike Price: $20 | 20 | $2.03 (Average) | $2.05 | +$ 0.02 | $ 4,100.00 |
| INTC | Feb. 16, 2024, $50 calls | 30 | $0.85 | $1.62 | +$ 0.77 | $ 4,860.00 |
| INTC | Feb. 16, 2024, $55 calls | 50 | $0.30 | $0.46 | + $ 0.16 | $ 2,300.00 |
| MBLY | Feb. 16, 2024, $50 calls | 30 | $1.08 | $0.00 | —$1.08 | $ 0.00 |
| QCOM | March 15, 2025 Strike Price $140 Calls | 10 | $6.25 | $14.95 | +$8.70 | $14,950.00 |
| STNE | Feb. 16, 2024, $17 calls | 20 | $0.95 (Average) | $0.85 | —$0.10 | $ 1,700.00 |
| Available Cash | $ 14,530.65 | |||||
| Total Portfolio Value | $43,986.65 |
* Bid Price
Notes: i) Bolded denotes new Position(s)
ii) Option in Ai and ENVX expired on Friday and have therefore been removed from the above list.
Options2Wealth Portfolio Snapshot (Week ending January 19th, 2024):
| Current Week | Previous Week | Weekly Change | Weekly % Change | Total Current Value | YTD % Change* | Available Cash |
| $43,986.65 | $35,979.25 | +$8,007.40 | +22.26% | $43,986.65 | +339.87% | $14,530.65 |
* Portfolio’s start date: September 5, 2023
The first three weeks of 2024 have been anything but boring… Week 1, I got my –40% shellacking; Week 2, the portfolio stabilized and was up a solid +18%; and this past week, Week 3, it is up another +22%. Hopefully the new upward trend will continue this coming week as well…keeping my fingers crossed.
I am still sitting on a relatively large cash position of $14,530.65, which is exactly 33% of the portfolio’s NAV, which I plan to deploy when one or more of my current holdings make an anticipated technical move(s)…Anyone care to take a guess?
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.