We got a little bit of the volatility I was looking for on Friday after a hot jobs report, but not enough for my liking.
As a result, this week's trade activity was mostly restricted to locking in profits from prior trades.
$37 in Procter & Gamble
$37 in PG
Coincidentally that 19 Jan trade that was put on is this post-earnings PG trade. PG reported earnings and was down nearly 3%, which provided a good opportunity to initiate a small position. I sold a PG $135 cash-secured put expiring 17 Feb for $72 and my closing order to buy back the position fot $35 got hit on 1 Feb. That's a realised profit of $37, or 51% of max profit, and a perfect way to kickstart February.
That's it for this week! There's not much economic news or major earnings next week, as always I will be hoping for some volatility to initiate new trades.
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.