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  • Writer's picturethemoneyloaf

$214 profit in May

Trade updates this week:

  1. $214 profit in May

  2. New position in Best Buy (BBY)


$214 profit in May

Half of May was weighed down by the whole debt ceiling fiasco, which is finally sorted. This led to me placing fewer trades than usual because I didn’t want to get stuck in too many trades if the market did drop lower. In this portfolio, I closed out the month with $214 in realised profits from the following trades. New trades in May:

  • Trade #26 SBUX - closed for $42 profit

  • Trade #27 NKE - still open

  • Trade #28 SBUX - still open

  • Trade #29 BBY - still open

Older trades:

  • Trade #14 JNJ - rolled to (another) covered strangle

  • Trade #23 BBY - closed for $31 profit

  • Trade #24 MCD - closed for $86 profit

  • Trade #25 TXN - closed for $55 profit

And a running total of realised profits since the course's inception:

  • Sep 2022 - $100

  • Oct 2022 - $180

  • Nov 2022 - $219

  • Dec 2022 - $211

  • Jan 2023 - $142

  • Feb 2023 - $92

  • Mar 2023 - $188

  • Apr 2023 - $192

  • May 2023 - $214

If you're familiar with options and want to follow along the trade updates, you can sign up for my Bread Crumb subscription which is priced at $49/month. i.e. over the last 9 months you would have paid $441 and made $1,538 - or about 3.5x the subscription fee. Do note none of these are recommendations - I'm just sharing trade updates within my own portfolio which may or may not be right for you.


New trade in BBY

Once again BBY is back in the portfolio, this time selling the Jul 21 $65/67.50 put ratio spread for $70.


Obviously the entire market moved up after the debt ceiling situation was resolved, so the position is already only worth $33.

However, like it says in the screenshot, when a put ratio is put on, we’re typically going for 50% of width of the embedded put spread, not the initial credit.

If that didn’t make sense to you, the put ratio is one of the strategies that I do teach in my course (and it’s personally one of my favourites)

For more on BBY, you can read about my 2022 recap of profits in BBY in the link below.


The VIX closed on Friday at 14.60, a hideously low number. It’ll be interesting to see what jolts the market next, or if we’re going to start climbing higher again.


This article is for educational purposes only. This is my own portfolio which is being managed according to my goals and risk tolerance. Your situation is likely different and you should do your own due diligence before investing in stocks or options.

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