Recap: Trade log for the week of September 7

Stocks pulled back during the holiday-shortened week. From Friday to Friday, the S&P 500 fell 0.8%, the Nasdaq lost 0.7%, and the Russell 2000 dropped 2.4%. VIX rose 9.0% to 15.84, while crude gained 9.4% to $100.05.

We mostly rolled positions and let the existing holdings work. On Wednesday, the TXN 9/11 $265 put was bought back at $6.77 and rolled to the 9/18 $265 put at $9.31, producing $251.90 in net cash flow after fees. The CSCO 9/11 $110 put was bought back at $1.16 and rolled to the 9/18 $110 put at $2.06, adding another $87.91 after fees. Both replacement puts remain open.

The WMT 9/11 $117 covered call expired worthless for $4.96 of realized P/L, but that premium was received last week and is not counted again in this week’s cash flow. WMT also paid a $25 dividend on Tuesday. The two rolls generated $339.81 in net option cash flow, and the dividend brought total weekly cash flow to $364.81. That is 0.74% ROC on $49,171 of peak active-option capital.

The portfolio is up $13,887.63, or 17.74%, year to date versus 12.08% for SPY, a lead of 5.66 percentage points. Max drawdown remains -9.92%, with 57% of capital in cash and $37,500 of option collateral currently deployed. We are comfortably outperforming SPY and positioned to finish the year strong. Next week, we will keep playing defense on TXN and CSCO if needed while looking for opportunities to sell covered calls against our holdings.

Portfolio snapshot through September 11, 2026. Click to enlarge.

This Week’s Totals

0.74%

Return on Capital

38.69%

Annualized Yield

$364.81

Total Income Collected

$49,171

Capital Used

Total income and ROC include $339.81 in net option cash flow from the two rolls plus the $25 WMT dividend. Peak active-option capital includes TXN, CSCO, and the WMT covered call without double-counting replacement contracts.

This Week’s Opening Trades

Each row shows a roll completed September 9. Fill is the replacement credit, Exit is the closing debit on the prior contract, and Fees include both legs. The replacement contracts remain open.

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Type	OpnOpen	Exp	ClsClose	TicTicker	StkStrike	Qty	Fill	ExtExit	Fee	Cap	P/L$	ROC
CSP	9/9	9/18		TXN	265	1	9.31	6.77	2.10	26.5k	251.90	0.95%
CSP	9/9	9/18		CSCO	110	1	2.06	1.16	2.09	11k	87.91	0.80%

YTD trade log | YTD cash log

This Week’s Assignments

None.

Open Carryover Positions

Positions opened before the recap week that remain open. Their collateral is included in active-option capital, but their original credits are not counted as new cash flow this week.

None.

Closed Carryover Positions

Positions opened before the recap week that closed during it. Their closed P/L includes the original opening credit, even though that cash arrived in an earlier week.

1 x TXN 9/11 CSP @ $265 (rolled September 9, +$394.96 trade P/L). Replacement: 1 x TXN 9/18 CSP @ $265, opened for a $251.90 net roll credit.
1 x CSCO 9/11 CSP @ $110 (rolled September 9, +$193.90 trade P/L). Replacement: 1 x CSCO 9/18 CSP @ $110, opened for an $87.91 net roll credit.
1 x WMT 9/11 CC @ $117 (expired worthless, +$4.96).

Current Holdings

100 shares DG @ $135.00 original cost, acquired this year, now $124.58 (IBKR). Stock P/L before premiums: -$1,042.00.
100 shares WMT @ $117.00 original cost, acquired this year, now $107.15 (IBKR). Stock P/L before premiums: -$985.00.
100 shares SMCI @ $50.00 original cost, $29.27 YTD starting mark, now $40.10 (A1). Stock P/L before premiums: -$990.00 since purchase, +$1,083.00 YTD.

Trade executions are shared in the mLabs Trading Discord community.

Results are from the trading journal and include recorded trading fees, before personal taxes. Past performance does not guarantee future results. Short puts and assigned shares carry substantial downside risk.