For the second week in a row, all 3 indices ended the week down. The Dow and the S&P were both down fractionally and the Nasdaq was down somewhat significantly (–0.70%)
| Index | Previous Weekly Close | Current Week’s Close | Change | Percentage Change |
| $DOW | 38,722.69 | 38,714.77 | –7.92 | –0.02% |
| $SPX | 5,123.69 | 5,117.09 | –6.60 | –0.13% |
| $COMPX | 16,085.11 | 15,973.17 | –111.94 | –0.70% |
End of the week look at the performance of the O2W portfolio companies:
| Company | Stock’s Previous Weekly Close | Current Weekly Close | Change | Percentage Change |
| Advanced Micro Devices (AMD) | $207.39 | $191.06 | –$ 16.33 | – 7.87% |
| Amprius Technologies (AMPX) | $ 2.66 | $ 2.83 | +$ 0.17 | + 6.39% |
| GigaCloud Technology (GCT) | $ 34.38 | $ 43.15 | +$ 8.77 | + 25.51% |
| Oracle Corporation (ORCL) | $112.42 | $ 125.54 | $ 13.12 | +11.67% |
| Palo Alto Network (PANW) | $ 280.20 | $ 282.16 | $ 0.70 | + 0.25% |
Note: Bolded are new Positions.
Except for AMD, a new position, all other stocks were up with GCT taking the cake, up 25.51%!
Performance of my O2W portfolio’s long positions:
| Company | Option | Quantity | Purchase Price | Weekly Close* | Price Change | Current Value |
| AMD | May 17, 2024, $200 Calls | 10 | $ 14.90 | $ 14.35 | –$ 0.55 | $ 14,350.00 |
| AMPX | 10 January 17, 2025, $5 Calls | 10 | $ 1.05 | $ 0.25 | –$ 0.80 | $ 250.00 |
| GCT | April 19, 2024, $30 calls | 10 | $ 4.80 | $13.60 | +$ 8.80 | $ 13,600.00 |
| GCT | May 17, 2024, $40 calls | 10 | $ 5.00 | $ 8.90 | +$ 3.90 | $ 8,900.00 |
| ORCL | May 17, 2024, $125 calls | 15 | $ 6.32 (average) | $5.50 | –$ 0.82 | $ 9,480.00 |
| PANW | July 19, 2024, $300 calls | 5 | $ 15.60 | $20.75 | +$. 5.15 | $ 10,375.00 |
| Sub-Total | $ 56,955.00 | |||||
| Available Cash | $ 34,382.85 | |||||
| Total Portfolio Value | $ 91,337.85 |
* Bid Price
Options2Wealth Portfolio Snapshot (Week ending March 15, 2024):
| Current Weekly Close | Previous Week | Weekly Change | Weekly % Change | Total Current Value | YTD % Change* | Available Cash |
| $ 91,337.85 | $ 94,993.60 | —$3,655.75 | —3.85% | $ 91,337.85 | +813.38% | $ 34,382.85 |
* Portfolio’s start date: September 5, 2023 with $10,000
Final Thoughts:
For the second week in a row, my O2W portfolio’s NAV went down. However, this time, it was down only 3.85%, compared to last week’s almost 30% haircut. I believe the portfolio has stabilized and I expect this coming week to be a good one. I am counting on my 2 new positions, AMD and ORCL to help lift the NAV back up.
STNE:
Many who follow my blog know, I have been pretty bullish about the prospects of StoneCo (STNE) for the last 2+ months and had been holding a significant number of call contracts in the company…Unfortunately I ran out of time and they all ended up worthless. My luck that StoneCo will be announcing earnings tomorrow after the markets close…and even though I don’t indulge in earnings play, however, because of my previous long position in STNE, I have decided to buy a small, 10 contract position in STNE May 17, 2024 $18 strike price. Current ask: $1.65. Will update after I make the purchase…
Let’s see how this week unfolds…
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.