It was a decent week for the O2W portfolio…could have been a lot better had I not held on to my INTC February 16, $50 and $55 dollar calls…
But first, let’s look at how the overall markets performed this past week…
|
Index |
Weekly Close | Previous Weekly Close | Change | Percentage Change |
|
$DOW |
38,109.43 | 37,863.80 | 245.63 |
+0.65% |
|
$SPX |
4890.97 | 4839.81 | 51.16 |
+1.06% |
| $COMPX | 15,455.36 | 15,310.97 | 144.39 |
+0.94% |
This week’s top performing index was the S&P 500, up 1.06%. The Nasdaq followed close behind, up 0.94% and the Dow finished third, up 0.64%
Now let’s see how my portfolio companies did…
| Company | Stock’s Previous Weekly Close | Current Weekly Close | Change | Percentage Change |
| Amprius Technologies (AMPX) | $ 4.32 | $ 4.12 | – $0.20 | –4.63% |
| Enphase Energy (ENPH) | $103.59 | $105.37 | + $1.78 | + 1.72% |
| First Solar (FSLR) | $145.92 | $147.83 | + $1.91 | + 1.31% |
| GigaCloud Technology (GCT) | $19.90 | $ 25.62 | + $5.72 | +28.74% |
| Intel Corp. (INTC) | $48.15 | $ 43.65 | – $4.50 | –9.35% |
| Mobileye Global (MBLY) | $28.34 | $ 28.38 | + $0.04 | + 0.14% |
| Qualcomm, Inc. | $151.96 | $150.72 | – $1.21 | –0.80% |
| StoneCo, Ltd. (STNE) | $17.03 | $ 18.10 | + $1.07 | +6.28% |
This past week was a mix bag. While GCT went back on steroids, up 28%+ for the week, Intel got clobbered. Needless to say, my Intel February 16, $50 and $55 calls were taken to the woodshed…Oh well, you win some and then on others, you get hammered! Unfortunately my INTC calls got run over by a Mack truck and I deserve getting clobbered for not getting out of my position.
Options2Wealth Options Portfolio Positions:
| Company | Option | Quantity | Purchase Price | Weekly Close* | Price Change | Current Value |
| AMPX | 10 January 17, 2025 Strike Price $5 Calls | 10 | $1.05 | $0.65 | –$0.40 | $650.00 |
| AMPX | March 15, 2024, Strike Price $6.00 | 25 | $0.65 | $0.05 | –$0.60 | $125.00 |
| ENPH | Feb 16, 2024, $170 calls | 10 | $3.46 (Average) | $0.18 | –$3.28 | $180.00 |
| FSLR | Feb 16, 2024, Strike Price: $190 | 6 | $6.10 | $0.10 | –$6.00 | $60.00 |
| GCT | February 16, 2024, Strike Price: $20 | 20 | $2.03 (Average) | $5.70 | +$3.67 | $11,400.00 |
| INTC | Feb. 16, 2024, $50 calls | 30 | $0.85 | $0.09 | –$0.71 | $270.00 |
| INTC | Feb. 16, 2024, $55 calls | 50 | $0.30 | $0.02 | –$0.28 | $100.00 |
| MBLY | Feb. 16, 2024, $50 calls | 30 | $1.08 | $0.00 | –$1.08 | $ 0.00 |
| QCOM | March 15, 2025 Strike Price $140 Calls | 5 | 6.25 | $13.60 | +$7.35 | $6,800.00 |
| STNE | Feb. 16, 2024, $17 calls | 20 | $0.95 | $1.45 | +$0.50 | $2,900.00 |
| STNE | March. 15, 2024, $17 calls | 25 | $1.60 | $2.10 | +$0.50 | $5,250.00 |
| STNE | March 15, 2024, $20 calls | 25 | $0.55 | $0.75 | +$0.20 | $1,875.00 |
| Sub-Total | $29,610.00 | |||||
| Available Cash | $18,219.90 | |||||
| Total Portfolio Value | $47,829.90 |
* Bid Price
Note: Bolded are new Positions.
Options2Wealth Portfolio Snapshot (Week ending January 26th, 2024):
| Current Weekly Close | Previous Week | Weekly Change | Weekly % Change | Total Current Value | YTD % Change* | Available Cash |
| $ 47,829.90 | $43,986.65 | $3,843.25 | +8.74% | $ 47,829.90 | +378.30% | $ 18,219.90 |
* Portfolio’s start date: September 5, 2023 with $10,000
Final Thoughts:
As of last Friday, my O2W portfolio is still down approx. 10% for the month of January 2024…however, there are still 3 trading days left and I am confident that by Wednesday, the last trading day in January, my O2W portfolio should surpass December 2023 closing value of $53,181.73. We shall see…
Currently, the O2W’s cash position of $18,219.90 is 38% of the portfolio’s NAV. In other words, O2W is swimming in cash. I plan to deploy a sizable portion of this cash tomorrow…
Onwards and upwards!
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