Recap: Trade log for the week of June 1
The week started at all-time highs and ended in a hole. The S&P climbed from 7,580 to 7,610 by Tuesday as semis kept running off Nvidia’s chip launch, then cracked Wednesday when the Dow dropped 620 points. Iran struck Kuwait International Airport, U.S. Central Command confirmed strikes on Qeshm Island, oil pushed WTI above $96, and Treasury yields approached 4.5%. Only four of eleven sectors finished green on Wednesday, with energy leading at +1.38% while tech was the worst at -1.52%. The tape tried to stabilize Thursday, but after-hours misses from Broadcom (-13%) and CrowdStrike (-10%) set up Friday’s real damage: the S&P dropped 200 points to close at 7,384 (-2.6% on the week), Nasdaq fell 4.7%, Russell 2000 dropped 2.9%, and VIX surged from 15.3 to 21.5.
Two trades, both opened Tuesday. The AMAT 6/18 $420 CSP is worth breaking down because it shows exactly why we take profits early when premium collapses fast. We sold it for $6.91 with AMAT at $465. By Thursday the stock had run to $502, crushing the put premium down to $2.15. At that point we had captured $474, roughly 69% of the trade’s max profit, in just two days on a contract with 14 days of life left. The remaining $215 in premium would have taken those full two weeks to decay, and you are sitting in a $42,000 collateral position the entire time to collect it. The math is simple: take the money, free the capital, and look for the next setup. Then Friday happened. AMAT dropped 9.7% to $453. If we had gotten greedy and held for that last 31% of theta, we would be staring at a $420 strike with only $33 of cushion heading into a weekend with VIX at 21. Instead we were already out with the profit booked. That is the entire point of systematic profit-taking. The second trade was a 2x FCX 6/18 $63 CSP for $1.04 per contract. FCX closed Friday at $63.37, right at the strike. That one carries real risk into next week.
Both carryover positions from the prior period expired worthless Friday. The LRCX 6/5 $260 CSP crossed the finish line with LRCX closing at $303, still $43 above the strike despite the sell-off. That position was the largest premium earner of the year at $762.94, opened in the May 4 week and running for a full month. The SMCI 6/5 $60 CC also expired worthless with SMCI at $41.64, well below the $60 strike, so there was never any assignment risk. Shares stay in hand with no active CC.
The portfolio sits at $8,680 net P/L year to date, +10.69%, still ahead of SPY at +8.16%. Realized income is $9,772 across premiums ($7,368), dividends ($297), interest ($1,817), and stock P/L. Max drawdown holding at -9.92%. Of the $146,655 in total capital, 81% is cash ($119,621). The only deployed collateral is the FCX CSP ($12,600) and two stock positions. DG was assigned in March at $135 and is underwater at $103.70. SMCI started the year at $29.27 and sits at $41.64, up 42% YTD despite the Friday selloff. Money market interest across all three accounts generated $250 in the last two weeks alone. The cash is not idle, it is earning and it is the position. Friday’s VIX spike to 21.5 means the premiums on the CSPs we like to sell just got meaningfully fatter. When the tape settles, we will have richer setups and the capital to scale into them. FCX needs attention next week. Everything else is patience.
Portfolio snapshot as of June 7, 2026 — click to enlarge
| Type | OpnOpen | Exp | ClsClose | TicTicker | StkStrike | Qty | Fill | ExtExit | Fee | Cap | P/L$ | ROC |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CSP | 6/2 | 6/18 | 6/4 | AMAT | 420 | 1 | 6.91 | 2.15 | 1.94 | 42k | 474.06 | 1.13% |
| CSP | 6/2 | 6/18 | FCX | 63 | 2 | 1.04 | 0.00 | 1.41 | 12.6k | 206.59 | 1.64% |
📥 Download Full YTD Trade Log (CSV)
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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