Recap: Trade log for the week of March 9
Third straight week of selling. SPY went from $672 to $662, with Thursday and Friday doing most of the damage. The Strait of Hormuz is still closed, crude is now pushing $100, and analysts are openly pricing in the possibility of ground troops in Iran. Defense and energy names keep outperforming while the rest of the market bleeds. Goldman put out a note warning upside risks to oil are “rapidly increasing,” and the stagflation conversation is no longer just background noise.
We spent the first half of the week cleaning up carryovers. Closed the SMCI $40 CC on Monday at $0.08, the three HAL $33 CSPs on Wednesday at $0.35 (about 53% of max profit), and both QCOM $150 CCs on Wednesday as well. HAL we would have liked to hold longer, but with the market rolling over and the position already profitable, locking in gains made more sense than getting greedy. We also opened a new NVDA $192.5 CC on Monday. With NVDA trading around $178, the strike had plenty of room and it expired worthless Friday for full premium.
Wednesday was our main day for new entries. Opened a Barrick Mining (B) $41 CSP for two contracts. Gold and precious metals have been catching a bid as inflation fears ramp up and the dollar weakens, so the setup made sense. The system flagged it with strong premium relative to the strike. We also rolled the QCOM CC down to $145 in Account 2 after closing the $150 earlier that day. QCOM shares are sitting lower, so the tighter strike pulls in more premium. Account 1 QCOM doesn’t have an active CC right now.
GOOG, DG, and FCX remain open as carryovers. We had about $122k deployed this week but only three new entries, so the ROC was modest. The bulk of our capital is in carryover positions that just need to run their course. With oil where it is and the Middle East situation getting more serious by the day, we’re being selective about adding fresh risk.
| Type | OpnOpen | Exp | ClsClose | TicTicker | StkStrike | Qty | Fill | ExtExit | Fee | Cap | P/L$ | ROC |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CC | 3/9 | 3/13 | 3/13 | NVDA | 192.5 | 1 | 0.29 | 0.00 | 0.67 | 19.15k | 28.33 | 0.15% |
| CSP | 3/11 | 4/17 | B | 41 | 2 | 1.17 | 0.00 | 1.40 | 8.2k | 232.60 | 2.84% | |
| CC | 3/11 | 3/20 | QCOM | 145 | 1 | 0.51 | 0.00 | 0.67 | 16k | 50.33 | 0.31% |
📥 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.
Join the mLabs Trading Discord server
Get notified when we publish new trading insights, results, and strategies.
No spam. Unsubscribe at any time.
