This week:
$50 profit in Nike
New position in Apple
Let's go!
$50 profit in Nike
This is a leftover trade in NKE where I sold 2x $90 cash-secured puts expiring 16 December for $69 in premium. One put was closed at 50% of max profit and I locked in $34. The remaining trade was closed at $19, for a realised profit of $50.
That brings total profit on this trade to $84 out of a max profit of $138, or 61% of max profit. Not bad for this period of (relatively) low volatility. If you'd like to follow this trade from the beginning, check out the link below.
New trade in Apple
Volatility increased ever so slightly this week and conditions looked good to sell a cash-secured put in APPL. I sold a $125 cash-secured put expiring on 20 Jan 2023 for $174. It's currently trading at $147 for a $27 unrealised profit.
I don't wanna hold this position for too long or get too greedy, so I already have an order in to buy this back at 50% of max profit. I was a little hesitant about posting this to my private community because it all feels too calm in the market at the moment Plus we have both the CPI reading and Fed meeting happening next week, which could bring about a lot more volatility and potentially send this trade in the money. However, I felt the portfolio had gone too long without any new trades, plus if things go south it'll be a good opportunity to practice some rolling (which did not happen with my founding batch).
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.