Account gained 1.39% last week increasing the account by $4,649. Still not back to all time high ($347,541) but we are getting close.
YTD the account is up 77.59%.
We carry 9 positions forward into next week. The tickers with the P at the end were positions where we added a long put to the covered call strategy. We exited most of the Puts on Friday as the cost of the “insurance” was exceeding the benefit (may regret it one day when the market has a significant drop). Adding complexity (Puts) to the CC positions made it difficult to track and monitor the profitability. Selling calls that are more “in the money” may be a more effective insurance (it will reduce potential return as a trade off).
8 of the 9 positions are profitable. We are carrying unrealized profits of $82,776. ATEC CC was a new addition last week. Dec 18 will be a big trade day as all of the positions have calls expiring.