Recap: Trade log for the week of June 22
The tape sold off all week as a chip-led rout rotated money out of crowded growth and into value, defensives, and healthcare. The S&P 500 dropped about 2% from 7,501 to 7,354 while the Nasdaq fell nearly 5% to 25,298. VIX climbed from 16.4 to 18.4, and crude collapsed 10% from $76.60 to $69.23 as Iranian barrels resumed flowing through the Strait of Hormuz. Micron’s blowout earnings report Wednesday night sent chip stocks ripping after hours, but the broader tape barely flinched Thursday as the May PCE inflation print landed warm. By Friday the week had settled into a grinding, directionless close.
We made two plays this week, one of which included a same-day roll. Monday we sold the GOOG 6/26 $340 cash-secured put for $1.25 as the stock faded into the close. When GOOG dropped about 5% during the session we rolled it down and out to the 7/24 $330 for a $2.92 net credit, buying back the $340 at $5.30 and collecting $8.22 on the new strike. Standard boring management: widen the cushion, extend the runway, keep collecting credit. Wednesday we sold the WMT 6/26 $117 put for $0.30 off the Tuesday night board. WMT slipped below $117 by Friday and the put was assigned, so we now own 100 shares. That is the wheel doing what it does. We were happy to own Walmart at $117 when we sold the put and nothing has changed.
The portfolio sits at $9,858 net P/L year to date, +12.69%, with a 1.28 Sharpe and max drawdown holding at -9.92%. SPY is at +6.90% on the year, so we are comfortably ahead. Realized income is up to $9,958 across premiums, dividends, interest, and stock gains. With WMT now in the holdings alongside DG and SMCI, deployed capital is at 40% of the portfolio and cash sits at $88,221. The GOOG 7/24 $330 put is the only open options contract on the books. We stay boring, stay patient, and let the wheel turn.
Portfolio snapshot as of June 28, 2026 — click to enlarge
The standout this week was UNH. It surfaced on the nightly board all three nights, clearing each time on setup quality with a Good score near 70 but carrying wide spreads and thin cushion that held the mIQ read at Risky every session. We passed on it because the tape was unconvincing and our capital was already committed to GOOG and WMT. That turned out to be a miss from a directional standpoint. UNH opened at $409.52 on Tuesday and ripped to $427.89 by Friday, a +4.5% move in four sessions. The 6/26 $395 put from Tuesday’s board would have expired worthless with over $32 of cushion to spare.
| Ticker | Contract | Setup Score | Contract Score | mIQ | Move |
|---|---|---|---|---|---|
| UNH | 6/26 $395 PUT | 69.5 | 46 | Risky | $409.52 → $427.89 (+4.5%) |
For subscribers who had the capital available and were comfortable taking a Risky-rated setup into a soft tape, UNH was the play. Sometimes being patient means watching a winner walk by. We are fine with that when the risk budget is already committed, but the screen did its job and this is worth recognizing.
| Type | OpnOpen | Exp | ClsClose | TicTicker | StkStrike | Qty | Fill | ExtExit | Fee | Cap | P/L$ | ROC |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CSP | 6/22 | 6/26 | 6/22 | GOOG | 340 | 1 | 1.25 | 5.30 | 2.10 | 34k | -407.10 | -1.20% |
| CSP | 6/22 | 7/24 | GOOG | 330 | 1 | 8.22 | 0.00 | 1.07 | 33k | 820.93 | 2.49% | |
| CSP | 6/24 | 6/26 | 6/26 | WMT | 117 | 1 | 0.30 | 0.00 | 0.77 | 11.7k | 29.23 | 0.25% |
📥 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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