Day 44 - End of Week 9

Market Recap

The market moved up today.

• SPY went up by ~.23%.
• QQQ went up by ~.47%.

Trading Update

Yesterday, I said the following:

I will likely open another Put Credit Spread, and sell a Cash Secured Put.

Today:

• Sold SOFI $12 Put Credit Spread, expiring 5/2 (34 ∆, 42 DTE), receiving $86 in Premium

Portfolio Status

📈 Today’s Change: +2.72%
📉 Year-to-Date (YTD): -0.81%
📉 All-Time: -16.47%

YTD comparison: SPY is down -4.12%, while my portfolio is down -0.81%. I am still marginally ahead compared to SPY.

Here are the open positions.

Trade History

Here are my last 20 trades:

Plan for Next Week

I avoided putting all my capital in and ensured to keep a little bit of cash in case VIX shoots a little more higher and I want to sell another Put to get some premium.

Last week, I wrote:

If I can hold my cash reserves, I expect to outperform SPY next week. Beating SPY remains my benchmark and motivation.

Beating SPY does remain my benchmark, and I am ahead on the Year-to-date metric, but I did not outperform SPY this week. SPY was up +1.79% while I was only up +0.11%.

Let's see what next week has in store for us.

📌 Disclaimer: Nothing on this site is financial advice—I’m just here to entertain! Here’s my introduction, my trading philosophy, and some ground rules.