Last week was quite eventful for the O2W portfolio…My portfolio’s NAV could have been significantly higher had I made better trades on Monday and then again on Thursday…but I didn’t! 🙁 More on those moves later…
But first, let’s look at the performances of the 3 major indices this past week:
| Index | Previous Weekly Close | Current Week’s Close | Change | Percentage Change |
| $DOW | 38,589.16 | 39,150.33 | +561.17 | +1.45% |
| $SPX | 5,431.60 | 5,464.62 | +33.02 | +0.61% |
| $COMPX | 17,688.88 | 17,689.36 | +0.48 | +0.00% |
As can be seen above, the Dow ended the week leading the pack, up 1.45%, followed by the S&P up 0.61% and made a new all-time high during the week. The Nasdaq closed the week marking time, even though it too notched a new all time high during the week.
Performance of the O2W portfolio companies this past week:
| Company | Previous Weekly Close | Current Weekly Close | Change | Percentage Change | |||||
| Amprius | $1.09 | $1.24 | + $0.15 | +13.76% | |||||
| Cleanspark (CLSK) | $17.71 | $17.29 | –$ 0.42 | –2.37% | |||||
| Hims & Hers Health (HIMS) | $23.75 | $22.15 | –$1.60 | –6.74% | |||||
| MicroChip (MCHP) | $89.02 | $91.58 | + $2.56 | +2.88% | |||||
| Oscar Health (OSCR) | $19.00 | $18.06 | –$0.94 | –4.95% | |||||
| SunMicro (SMCI) | $844.54 | $905.26 | +$60.72 | +7.19% |
* Bid Price
Though this past week was nowhere close to the previous week’s +60% performance, O2W portfolio did ok…
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 | $0.00 | –$ 1.05 | $ 0.00 |
| CLSK | July 19, 2024, $17 calls | 20 | $4.10 | $2.00 | –$ 2.10 | $ 4,000.00 |
| HIMS | July 19, 2024, strike price $20 | 20 | $1.80 | $3.10 | +$1.30 | $ 6,200.00 |
| MCHP | July 19, 2024, $90 calls | 10 | $8.75 | $ 5.40 | –$ 3.35 | $ 5,400.00 |
| OSCR | July 19, 2024, $15 calls | 10 | $ 4.25 | $ 3.20 | –$ 1.05 | $ 3,200.00 |
| SMCI | Aug 16, 2024 Strike Price $950 calls | 2 | $98.60 | $103.30 | +$4.70 | $ 20,660.00 |
| Sub-Total | $ 39,460.00 | |||||
| Available Cash | $ 34,707.95** | |||||
| Total Portfolio Value | $ 74,167.95 |
*Bid Price
** My cash position increased because my 1 in-the-money SMCI June 21, 2024 Strike Price $800 call contract was expiring on Friday, (technically on Saturday) and I had to sell it just before the markets closed and got $105.00 ($105 x 100 = $10,500) for that lone contract.
Options2Wealth Portfolio’s NAV Snapshot (Week ending June 21st, 2024):
| Current Weekly Close | Previous Week | Weekly Change | Weekly % Change | Total Current Value | YTD % Change* | Available Cash |
| $74,167.95 | $68,342.25 | +$5,825.70 | +8.52% | $74,167.95 | +641.68% | $34,707.95 |
* Portfolio’s start date: September 5, 2023 with $10,000
Final Thoughts:
I am disappointed that I did not take advantage of SMCI’s moves this past week…First, when I had the opportunity to make a significant purchase of SMCI’s August 16, 2024, Strike Price $950 calls last Monday, I only bought 2 measly contracts. And then more importantly last Thursday, when SMCI made a $90+ move in the first 30 minutes of trading, I did not sell my June 21, 2024, Strike Price $800 call contract for a nice juicy price of $220, or $22,000. Instead, that same in-the-money contract I had to unload for less than half what I was being offered the previous morning.. BIG mistake!
However, now that I am sitting on a big pile of cash, I plan to add to my 2 SMCI August 16, 2024, $950 call contracts this week, and more likely than not, tomorrow. Let’s see how the week unfolds…
As for my prediction on Bitcoin…let’s just say I am not exactly pumping my fist in the air… Bitcoin for the last 3 weeks has been going south while I had predicted a solid move north 🙁
Best~
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.