Happy (nearly) August! Time for the monthly wrap up for this public portfolio in July. For the updates this week:
$232 profit across 5 trades in July
$70 profit in Best Buy (BBY)
$232 profit in July
In terms of new trades, there wasn't a lot of opportunity in July. Sadly, earnings season has not brought too much volatility, which means not too many choices for new trades. However, a relatively stable month meant it was a good time to take off older trades, with 4 out of 5 trades being closed for profits this month. New trades in July:
Older trades:
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
June 2023 - $1,109
July 2023 - $232
Running monthly average = $261.70 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 11 months you would have paid $539 and made $2,879 - or 5.3x 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.
$70 profit in BBY
Nearly 2 months ago BBY was showing the perfect set up, so I decided to enter a put ratio spread, selling the $65/65.70 put ratio spread for $70 credit. BBY then proceeded to rally hard all the way to $80+, and the position was never in any trouble, so I decided to leave it on for 100% profit.
Put ratio spreads are one of the strategies I teach in my options course, and they're one of my favourite trades because they require very minimal management.
You can see from the screenshot above, I placed the trade on Jun 1 and just left it all the way to expire.
Even if I did need to adjust the trade, I would probably only do so in the last week before expiry, so it's really good for people who don't have time or don't want to check their positions all the time.
This is my 10th profitable trade in BBY so far in 2023, netting a total of $601 realised profit so far.
I have 3 previous profitable trades listed on my website, which you can check out at the link below.
Closing words & useful links
Earnings season is still ongoing with CLX, AAPL, SBUX and O announcing earnings next week. Hopefully the market will provide the right conditions for new trades and profits.
Latest Youtube video: all my dividend income from Jan - Jun 2023
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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.