$543 profits in August
Happy Sunday! As promised, it's time for the monthly wrap up for this public portfolio in August. For the updates this week:
$543 profit across 7 trades in August
$97 profit in CLX
$543 profit in August
August was a (relatively) volatile month by 2023 standards, which led to quite a few trades being put on - 9 in total. At the same time, conditions to lock in profits kept surfacing throughout the month, which made August a very good month overall for trades, winning trades and profits. New trades in August (click for individual trade reports):
Trade #38 O - still open
Trade #39 SBUX - still open
Trade #40 MSFT - still open
Trade #41 CLX - closed for $97 profit
Trade #42 MDT - still open
I also entered 3 bonus trades that were shared with the private community/Bread Crumb subscribers:
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
August 2023 - $543
This brings the first full year of trading this public portfolio to a close, with a total of $3,422 or a running monthly average of $285. 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 year you would have paid $588 and made $3,422 - or 5.8x the subscription fee. Just to repeat what I said last week, there are people who are quite short-sighted when it comes to building wealth, and decided to stop following along after $100 in Sep 2022 or $92 in Feb 2023. Unfortunately, wealth is made over years and decades, not weeks and months. It's having the right mentality of being able to stick through the slow months and capture the high months that is the difference between those who will succeed, and those who won't. 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.
$97 profit in CLX
In August, CLX hit the perfect trade set up to initiate a position, I sold a $145 cash-secured put expiring Oct 20 and received $187 in credit. A week later, the position worked in our favour and it closed for $90, which means I locked in $97 in realised profit (roughly 52% of max profit).
I don't enter trades in CLX that often because their dividend growth has slowed quite a bit in recent years and I think there are better options out there, but when a good trade comes around, you don't say no.
That's it for this month - if you want to check out which trades made up $232 profits last month in July, click on the button below.
Closing words & useful links
We are back in a bit of a limbo period with nothing much really happening this week. As always, the key is staying patient and waiting for the market to provide the right opportunities, instead of trying to squeeze something out of nothing.
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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.