The markets continued their upward climb this past week…All three indices were up. The notable event for the week was that the Dow closed above 40,000 for the first time in history!
| Index | Previous Weekly Close | Current Week’s Close | Change | Percentage Change |
| $DOW | 39,512.84 | 40,003.59 | +490.75 | +1.24% |
| $SPX | 5,222.68 | 5,303.27 | +80.59 | +1.54% |
| $COMPX | 16,340.87 | 16,685.97 | +345.10 | +2.11% |
This past week, the Nasdaq made the biggest move, up 2.11% with the S&P following close behind with a solid move of its own, up 1.54% and the laggard was the Dow, though its performance was not too shabby either, up 1.14% plus reaching the 40K milestone!
Performance of the O2W portfolio companies this past week:
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* Bid Price
NOTE: Option contracts that expired last week were removed from this table.
Performance of my O2W portfolio’s long 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 | |
| GCT | June 21, 2024, $40 calls | 20 | $ 3.20 | $ 2.40 | –$ 0.80 | $ 4,800.00 | |
| MARA | June 21, 2024, $19 calls | 20 | $ 3.60 | $ 2.34 | –$ 1.26 | $ 4,680.00 | |
| MCHP | July 19, 2024, $90 calls | 10 | $ 8.75 | $ 6.80 | –$1.95 | $ 6,800.00 | |
| ORCL | July 19, 2024, $120 calls | 10 | $ 5.60 | $ 7.95 | +$2.35 | $ 7.950.00 | |
| OSCR | July 19, 2024, $15 calls | 10 | $ 4.25 | $ 7.30 | +$3.05 | $ 7,300.00 | |
| SMCI | June 21, 2024 $800 calls | 1 | $75.70 | $ 121.30 | +$45.60 | $ 12,130.00 | |
| SMCI | June 21, 2024 $1,250 calls | 2 | $13.33 (Average) | $ 7.30 | –$6.03 | $ 1,460.00 | |
| Sub-Total | $45,120.00 | ||||||
| Available Cash | $ 19,791.25 | ||||||
| Total Portfolio Value | $ 64,911.25 | ||||||
Options2Wealth Portfolio’s NAV Snapshot (Week ending May 10th, 2024):
| Current Weekly Close | Previous Week | Weekly Change | Weekly % Change | Total Current Value | YTD % Change* | Available Cash |
| $ 64,911.25 | $ 53,121.25 | +$11,790.00 | +22.19% | $ 64,911.25 | +549.11% | $ 19,791.25 |
* Portfolio’s start date: September 5, 2023 with $10,000
Final Thoughts:
After 3 months of lack luster performance dating back to February 23, 2024, my O2W portfolio may finally have regained its mojo…we shall see how this week pans out…am keeping my fingers crossed.
As an fyi, I will be adding to my positions:
1) Buy 10 contracts of ORCL June 21, $125 calls.
2) Should MARA print $21.25, I will buy 10 additional call contracts of its June $19s, raising my total to 30 contracts.
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.