Recap: Trade log for the week of February 16
This was yet another week where discipline mattered more than activity. Our regime filters never fully turned green, so we stayed sidelined on new CSP entries even though names like HAL, GOOG, BAC, and WFC kept showing up in our system. We wanted to see SPY close around $687 where key moving averages are stacked before pressing fresh risk, and it spent most of the week falling short.
Instead, we focused on what we already had. NVDA was the main play, and the timing worked out well. With earnings coming next week, IV was inflated, which is exactly the kind of environment we like for selling covered calls. We avoid earnings when selling CSPs (too much downside risk on assignment), but on the CC side, elevated IV means fatter premiums on shares we already own. We opened a $195 CC on Tuesday, closed it Friday, then worked three more $200 CCs on Friday alone, two of which were same-day BTC flips. One is still open heading into next week.
Friday’s NVDA $200 CC trades posted live in the Discord as they were executed.
AEO and FCX carryover CSPs closed out this week - expiring worthless, and DG remains open as our only carryover CSP. Not the most exciting week on paper, but keeping capital working through CCs while waiting for the right setup to go back on offense is exactly what the strategy is built for.
SPY did close above our $687 target on Friday, which means we should be ready to open new CSPs next week, unless something drastic changes over the weekend. In this regime, that wouldn’t be surprising anymore.
Transparency note: I transferred $30,000 from Account 2 to Account 1 this week as I start consolidating into a single account. Account 2 still has just over $4k in cash plus the QCOM position at a $160 cost basis.
| Type | OpnOpen | Exp | ClsClose | TicTicker | StkStrike | Qty | Fill | ExtExit | Fee | Cap | P/L$ | ROC |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CC | 2/17 | 2/20 | 2/20 | NVDA | 195 | 1 | 0.38 | 0.04 | 0.69 | 19.15k | 33.31 | 0.17% |
| CC | 2/20 | 2/27 | 2/20 | NVDA | 200 | 1 | 2.12 | 1.77 | 1.34 | 19.15k | 33.66 | 0.18% |
| CC | 2/20 | 2/27 | 2/20 | NVDA | 200 | 1 | 2.07 | 1.75 | 1.34 | 19.15k | 30.66 | 0.16% |
| CC | 2/20 | 2/27 | NVDA | 200 | 1 | 2.02 | 0.00 | 0.67 | 19.15k | 201.33 | 1.05% |
📥 Download Full YTD Trade Log (PDF)
Open positions from previous weeks that are counted towards deployed capital. These positions did not generate premiums this week.
Closed positions from previous weeks that are counted towards deployed capital. These positions did not generate premiums this week and may have reduced premiums earned from previous weeks.
All trades have been immediately posted in the mLabs Trading Discord community upon execution.
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