Recap: Trade log for the week of June 8
It was a violent week that went nowhere. Monday opened with a relief bounce off the prior week’s tech rout, the S&P adding 0.3% with chips leading the way back. Then the swings took over. Tuesday saw semis gap up about 3% and reverse to down nearly 9% intraday, an 11% range in a single session, before buyers pared the damage. VIX tagged its highest level since early April midweek and held above 20 into the weekend. Layer in a Middle East ceasefire that broke down almost as soon as it was announced, oil parked near $90, and CPI back in the headlines, and there were plenty of reasons to stay defensive. Yet when the dust settled the S&P 500 closed near 7,384, essentially flat week over week and right back where it finished the Friday before. The tape did a lot of thrashing to end up in the same place.
We took one trade. With financials the one corner of the market that kept holding up through the chop, we sold a Citi 6/12 $132 cash-secured put for $0.96 on Tuesday. Citi was the name we flagged over and over in the nightly watchlists this week, the only setup that kept clearing our filters while everything else showed thin cushions, wide spreads, or trend structures that fell apart under the surface. We kept it short-dated at three days to expiration to keep exposure tight in a high-VIX tape. It expired worthless Friday with Citi well above the strike, and we kept the full $94.94 in premium.
The FCX 6/18 $63 cash-secured put from the prior week is still open. FCX closed the previous Friday sitting right on the $63 strike, but it firmed up this week and the position is now showing nearly its full $206 in premium with expiration on June 18. It is the one open contract on the books and we will let it ride into next week.
The portfolio sits at $8,767 net P/L year to date, +10.8%, still ahead of SPY at +8.78%. Realized income is up to $9,867 across premiums, dividends, interest, and stock P/L, with money market interest continuing to pull its weight on the cash balance. Max drawdown is holding at -9.92% with a 1.11 Sharpe. Of the $146,742 in total capital, 82% is cash at $119,616. The only deployed collateral is the FCX put at $12,600 and the two stock positions. DG, assigned back in March at $135, recovered this week to $114.80 from $103.70. SMCI went the other way, pulling back to $30.46 from $41.64 as semis took their lumps, though it is still up on the year from its $29.27 start. With VIX still north of 20, the premium on the names we like to sell remains rich. We stay patient, mostly in cash, and let the setups come to us.
Portfolio snapshot as of June 14, 2026 — click to enlarge
| Type | OpnOpen | Exp | ClsClose | TicTicker | StkStrike | Qty | Fill | ExtExit | Fee | Cap | P/L$ | ROC |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CSP | 6/9 | 6/12 | 6/12 | C | 132 | 1 | 0.96 | 0.00 | 1.06 | 13.2k | 94.94 | 0.72% |
📥 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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