IB Account Update and Positions

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.

IB Account Wk Ending 10/16 – Trades and Positions – +$13,917 or 4.2% in the week

Good week for the account with a net gain of 4.2%. We didn’t add or eliminate any positions. Nice rebound by Dexcom (DXCM) helped with the performance.

Six of the seven positions are profitable. PYPL remains our only negative position. PYPL stock had a good week…but we were short $195 calls so didn’t get to benefit in the rally. It was another week when our cautious position of selling “in the money calls” left money on the table. The DXCM roll up on Friday from $400 to $420 was really surprising. Rolling up $20 we generated a credit premium of $17.51…..pretty amazing. Someone is optimistic about where DXCM stock will be by Nov 20 (has to be $420 +$17.51 = $437.51 for them to break even vs current $405). In my Schwab account I rolled to Dexcom $450’s.

Prior to making the trades on Friday I was expecting to exit positions with monthly options and wait until after the election before starting new ones….and then I saw the premiums and couldn’t resist rolling. I might regret the trades post election…..