Recap: Trade log for the week of March 16
The market tried to bounce early this week, but it did not last. SPY clawed back from $662 last Friday to $671 by Tuesday, then rolled over and finished Friday at $648. Russell 2000 slipped into correction territory, Nasdaq printed a new six month low, and Friday volume spiked as selling picked up again. The same pressure points are still there: higher yields, war headlines, and oil grinding higher for a fifth straight week as the U.S. sent more troops to the Middle East.
Most of the week was about managing what was already on the books. We closed the QCOM $145 CC carryover on Monday at $0.06 and closed the GOOG $305 CSP on Tuesday at $1.66. Both did what they needed to do. NVDA gave us a quick covered call trade on Monday as well. Sold the $192.5 call for $1.23 and bought it back the same day at $0.73 for a fast $48 profit while the stock was still holding up better than the rest of tech.
By Thursday and Friday the tape had weakened again, so the focus shifted back to simple income generation. DG was assigned early at $135 on Friday, which was expected with the stock trading below the strike, and we immediately started working the shares with a $135 covered call for next week. We also sold a fresh SMCI $35 covered call on Monday, then put on QCOM $140 covered calls in both accounts on Friday. Those strikes came down from prior levels, but that is just the reality of managing shares in a falling tape.
FCX and Barrick are still open on the put side, and now DG joins the list on the covered call side after assignment. Premium this week was light at $149, but that makes sense given the market. This was not a week to force new CSP exposure just to stay busy. Capital is still working, but the priority right now is staying selective until this market proves it can hold a bounce for more than a day or two.
| Type | OpnOpen | Exp | ClsClose | TicTicker | StkStrike | Qty | Fill | ExtExit | Fee | Cap | P/L$ | ROC |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CC | 3/16 | 3/20 | 3/16 | NVDA | 192.5 | 1 | 1.23 | 0.73 | 1.34 | 19.15k | 48.66 | 0.25% |
| CC | 3/16 | 3/20 | SMCI | 35 | 1 | 0.15 | 0.00 | 0.67 | 4.94k | 14.33 | 0.29% | |
| CC | 3/19 | 3/26 | DG | 135 | 1 | 0.37 | 0.00 | 0.80 | 13.5k | 36.20 | 0.27% | |
| CC | 3/20 | 3/27 | QCOM | 140 | 1 | 0.26 | 0.00 | 0.67 | 16.75k | 25.33 | 0.15% | |
| CC | 3/20 | 3/27 | QCOM | 140 | 1 | 0.26 | 0.00 | 1.06 | 16k | 24.94 | 0.16% |
📥 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.
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