Let’s see how the indices performed this past week:
| Index | Previous Weekly Close | Current Week’s Close | Change | Percentage Change |
| $DOW | 38,686.32 | 38,798.99 | +112.67 | +0.29% |
| $SPX | 5,277.51 | 5,346.99 | +69.48 | +1.30% |
| $COMPX | 16,735.02 | 17,133.12 | +398.11 | +2.38% |
All 3 indices moved up solidly! The Nasdaq performed the strongest, up 2.38%, followed by the S&P up 1.30% and the Dow trailed behind the two, but still up a modest 0.29%
Performance of the O2W portfolio companies this past week:
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* Bid Price
In a sea of red in the O2W portfolio companies, only 2, HIMS and ORCL were in the black, and both ended up a very impressive 7%+ for the week. And thanks to a very solid performance by ORCL, that the O2W portfolio was able to overcome the downside from most of its other companies and close up for the week!
Options2Wealth Options Portfolio Positions:
| Company | Option | No of Contracts | 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 | $ 1.60 | –$ 2.50 | $ 3,200.00 | |
| GCT | June 21, 2024, $40 calls | 20 | $3.20 | $ 0.05 | –$ 3.15 | $ 100.00 | |
| HIMS | July 19, 2024, strike price $20 | 20 | $1.80 | $2.25 | +$0.45 | $ 4,500.00 | |
| MARA | June 21, 2024, $19 calls | 30 | $ 3.47 (Average) | $ 1.55 | –$ 1.92 | $ 4,650.00 | |
| MCHP | July 19, 2024, $90 calls | 10 | $ 8.75 | $ 5.30 | +$0.15 | $ 5,300.00 | |
| ORCL | July 19, 2024, $120 calls | 20 | $ 4.85 (Average) | $ 8.25 | +$3.40 | $ 16.500.00 | |
| OSCR | July 19, 2024, $15 calls | 10 | $ 4.25 | $ 4.50 | +$0.25 | $ 4,500.00 | |
| SMCI | June 21, 2024 $800 calls | 1 | $75.70 | $24.60 | –$ 51.10 | $ 2,460.00 | |
| SMCI | June 21, 2024 $1,250 calls | 2 | $13.33 (Average) | $ 0.30 | –$13.03 | $ 60.00 | |
| Sub-Total | $ 41,270.00 | ||||||
| Available Cash | $ 742.25 | ||||||
| Total Portfolio Value | $ 42,012.25 | ||||||
* Bid Price
Options2Wealth Portfolio’s NAV Snapshot (Week ending June 7th, 2024):
| Current Weekly Close | Previous Week | Weekly Change | Weekly % Change | Total Current Value | YTD % Change* | Available Cash |
| $ 42,012.25 | $ 34,392.25 | +$7,620.00 | +22.16% | $ 42,012.25 | +320.01% | $742.25 |
* Portfolio’s start date: September 5, 2023 with $10,000
Final Thoughts:
After performing terribly the previous week, the O2W portfolio closed up 22.16%. Considering that my 2 Bitcoin proxy companies, CLSK and MARA, did not perform well last week and, in spite of their poor performance, my portfolio closed up 22% gives me confidence that this week, should Bitcoin notch a new all-time high, both CLSK and MARA should make solid moves and therefore positively impacting my portfolio’s NAV.
On Tuesday, after the markets close, Oracle will announce its fourth quarter and end of the fiscal year earnings. Since I don’t like to play the earnings announcement game, I will sell 15 of the 20 ORCL call contracts between tomorrow and end of trading on Tuesday.
Furthermore, I believe the HIMS stock, and based strictly on technicals, may pull-back and take a breather…Therefore, I may, and based strictly on how the stock performs tomorrow, sell 10 of my 20 HIMS call contracts as well…
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.