Recap: Trade log for the week of September 14

Markets were mixed from Friday to Friday. The S&P 500 slipped 0.1%, the Nasdaq gained 0.7%, and the Russell 2000 fell 1.5%. VIX declined 6.5% to 14.81, while crude edged 0.2% higher to $100.30.

We remained mostly hands-off and managed the two puts already in play. On Tuesday, the CSCO 9/18 $110 put was bought back at $0.82 and rolled down and out to the 9/25 $109 put at $1.24, producing $39.91 in net cash flow after fees. On Wednesday, the TXN 9/18 $265 put was bought back at $3.06 and rolled down and out to the 9/25 $262.50 put at $4.56, adding another $147.91 after fees.

The DG 9/18 $136 covered call expired worthless on Friday for $18.96 of net premium. Together, the two rolls and expired call generated $206.78 in weekly option cash flow, equal to 0.41% ROC on $51,000 of peak active-option capital. We will continue rolling down and out when needed until we can let the puts expire worthless. For now, we are hoping TXN and CSCO hold above their new strikes through next Friday.

The portfolio is up $13,734.41, or 17.66%, year to date versus 11.69% for SPY, a lead of 5.97 percentage points. Max drawdown remains -9.92%, with 58% of capital in cash and $37,150 of option collateral currently deployed. As the fourth and final quarter approaches, we are comfortably ahead of SPY and positioned for a strong finish while keeping the same patient, mostly hands-off posture.

Portfolio snapshot through September 18, 2026. Click to enlarge.

This Week’s Totals

0.41%

Return on Capital

21.14%

Annualized Yield

$206.78

Premiums Collected

$51,000

Capital Used

Weekly option cash flow includes $187.82 in net credits from the two rolls and $18.96 from the expired DG covered call. Peak active-option capital includes TXN, CSCO, and the DG covered call without double-counting replacement contracts.

This Week’s Opening Trades

The CSCO and TXN rows show this week’s rolls. Fill is the replacement credit, Exit is the closing debit on the prior contract, and Fees include both current-week legs. The DG row shows the covered call that opened Monday and expired Friday.

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Type	OpnOpen	Exp	ClsClose	TicTicker	StkStrike	Qty	Fill	ExtExit	Fee	Cap	P/L$	ROC
CC	9/14	9/18	9/18	DG	136	1	0.20	0.00	1.04	13.5k	18.96	0.14%
CSP	9/15	9/25		CSCO	109	1	1.24	0.82	2.09	10.9k	39.91	0.37%
CSP	9/16	9/25		TXN	262.5	1	4.56	3.06	2.09	26.25k	147.91	0.56%

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 CSCO 9/18 CSP @ $110 (rolled September 15, +$121.91 trade P/L). Replacement: 1 x CSCO 9/25 CSP @ $109, opened for a $39.91 net roll credit.
1 x TXN 9/18 CSP @ $265 (rolled September 16, +$622.90 trade P/L). Replacement: 1 x TXN 9/25 CSP @ $262.50, opened for a $147.91 net roll credit.

Current Holdings

100 shares DG @ $135.00 original cost, acquired this year, now $122.41 (IBKR). Stock P/L before premiums: -$1,259.00.
100 shares WMT @ $117.00 original cost, acquired this year, now $106.73 (IBKR). Stock P/L before premiums: -$1,027.00.
100 shares SMCI @ $50.00 original cost, $29.27 YTD starting mark, now $39.09 (A1). Stock P/L before premiums: -$1,091.00 since purchase, +$982.00 YTD.

All trades have been immediately posted in the mLabs Trading Discord community upon execution.

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