The last 2+ weeks have been absolutely dreadful for the O2W blog! First I got slammed by TSLA, then immediately after, got hammered by First Solar and then this past week I got whipsawed by GCT! In 3 weeks, I saw my O2W portfolio go from $134K to now almost half! Talk about getting whupped… 🙁
In any case, let me first turn my focus to the overall markets’ performance(s)…
All 3 indices were on a tear this past week. The S&P was up 2.29%, the Nasdaq was up 2.85% and the Dow was up almost 2% as well! And in spite of the overall markets going up, to watch my portfolio’s NAV go down by 30% in the same week makes it even harder to digest… 🙁
| Index | Previous Weekly Close | Current Week’s Close | Change | Percentage Change |
| $DOW | 38,714.77 | 39,476.90 | +762.13 | +1.97% |
| $SPX | 5,117.09 | 5,234.18 | +117.09 | +2.29% |
| $COMPX | 15,973.17 | 16,428.82 | +455.65 | +2.85% |
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) | $191.06 | $179.65 | –$11.41 | – 5.97% |
| Amprius Technologies (AMPX) | $ 2.83 | $ 2.76 | –$ 0.07 | – 2.47% |
| ARM Holdings | $126.97 | $134.15 | +$7.18 | + 5.65% |
| Oracle Corporation (ORCL) | $ 125.54 | $ 127.79 | +$2.25 | +1.79% |
| Palo Alto Network (PANW) | $ 282.16 | $ 286.78 | +$ 4.62 | + 1.64% |
Note: Bolded are new Positions.
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 | $ 7.95 | –$ 6.95 | $ 7,950.00 |
| AMPX | January 17, 2025, $5 calls | 10 | $ 1.05 | $ 0.25 | –$ 0.80 | $ 250.00 |
| ARM | May 17, 2024, $140 calls | 10 | $13.25 | $12.75 | –$ 0.50 | $12,750.00 |
| ORCL | May 17, 2024, $125 calls | 15 | $ 6.32 (average) | $6.25 | –$ 0.07 | $ 9,375.00 |
| PANW | July 19, 2024, $300 calls | 5 | $ 15.60 | $21.30 | +$ 5.15 | $ 10,650.00 |
| STNE | May 17, 2024, $18 calls | 10 | $1.70 | $0.65 | –$ 1.05 | $ 650.00 |
| Sub-Total | $41,625.00 | |||||
| Available Cash | $25,857.00 | |||||
| Total Portfolio Value | $ 67,482.00 |
* Bid Price
Options2Wealth Portfolio Snapshot (Week ending March 22, 2024):
| Current Weekly Close | Previous Week | Weekly Change | Weekly % Change | Total Current Value | YTD % Change* | Available Cash |
| $ 67,482.00 | $ 94,993.60 | —$27,511.60 | —28.96% | $ 67,482.00 | +574.82% | $ 25,857.00 |
* Portfolio’s start date: September 5, 2023 with $10,000
Final Thoughts:
For the third week in a row, my O2W portfolio’s NAV went down. Last week I thought the portfolio had stabilized…But going down another 30% is certainly not a sign of stability… 🙁
To see the portfolio having lost almost half its value in less than 3 weeks is certainly no fun, however, I faced a similar situation back in October of last year when the O2W’s NAV went down more than 50% to $4,901.48 from its starting $10,000 value…Since I have weathered a similar setback here before, I am not worried about my prospects going forward. Furthermore, unlike last October, I am now sitting on more than $25K mound of cash…so I am quite sanguine about my portfolio’s current position…
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.