Recap: Trade log for the week of October 5

Tech sold off after a report said OpenAI’s annualized revenue was roughly $50 billion, below the widely circulated $68 billion to $70 billion figure. The gap largely came down to how partner revenue was presented, and much of the sector recovered as that context made its way through the market. This year has repeatedly rewarded patience through headline overreactions, so we did not treat the first drop as a reason to panic-roll.

That patience mattered in AVGO. We closed Wednesday’s 10/9 $365 CSP the same day for $92.33 net, then opened the 10/9 $357.50 CSP on Thursday. Friday’s tech drop tested the position, but the shares recovered and the put expired worthless for another $37.97. We made no rolls this week. We bought back the final CSCO 10/9 $108 CSP for $0.04, closing out the six-leg roll chain at +$428.95 overall. We also sold 10/16 covered calls on DG and WMT for $42.96 and $15.95 net. IBKR paid $58.21 in cash interest, bringing new option premium and interest to $247.42.

Our holdings are still doing their job. SMCI is up about 43% from its $29.27 YTD starting mark. DG closed at $127.23 and WMT at $111.35, down 5.76% and 4.83% from their assignment bases, but both have been recovering. That recovery started just as we opened the new covered calls. If it continues next week, we may have to play defense by rolling those calls up and out rather than cap the rebound too cheaply.

The portfolio finished at +$15,714.88, or +20.21% YTD, versus +14.17% for SPY. Realized income stands at $15,116.44, and we still have $126,617.85 in cash, or 82% of capital. We are comfortably ahead of the broad market without forcing exposure. The current annualized yield is 26.3%, leaving us well positioned to finish the final quarter closer to a 30% annualized result if we keep doing the same mostly-boring things.

Portfolio snapshot generated October 10, 2026, with performance through October 9. Click to enlarge.

Standout Names from This Week’s BORING CSPs

AVGO was the major callout. It appeared on Tuesday’s board, returned Wednesday at the $365 strike we traded, and came back again Thursday with three contracts to watch. NVDA opened the week as a lower-IV setup, while LRCX made Wednesday’s board with a better cushion but wider execution risk and earnings approaching. The point was not to trade every name. It was to keep the strongest setups in front of us and wait for the price and contract to line up.

Several members reported great results from following the BORING CSP guidance this week. Congratulations to everyone who stayed selective, managed position size, and took the wins.

This Week’s Totals

0.41%

Return on Capital

21.18%

Annualized Yield

$247.42

Total Income Collected

$60,921

Capital Used

Total income and ROC include $189.21 in net option premium, consisting of $130.30 from the two AVGO CSPs and $58.91 from the DG and WMT covered calls, plus $58.21 in cash interest. Peak collateral was $60,921 when the AVGO put and both covered calls were open together. The separate $5.03 debit used to close the prior-week CSCO position is not presented as new premium. The annualized figure is a simple 365-day extrapolation, not a forecast.

This Week’s Opening Trades

The first AVGO put opened and closed Wednesday. The second expired worthless Friday. The DG and WMT covered calls remain open, so their rows show entry credits after fees rather than realized closing P/L.

Scroll to see all columns

Type	OpnOpen	Exp	ClsClose	TicTicker	StkStrike	Qty	Fill	ExtExit	Fee	Cap	P/L$	ROC
CSP	10/7	10/9	10/7	AVGO	365	1	1.99	1.05	1.67	36.5k	92.33	0.25%
CSP	10/8	10/9	10/9	AVGO	357.5	1	0.39	0.00	1.03	35.75k	37.97	0.11%
CC	10/8	10/16		DG	130	1	0.44	0.00	1.04	13.5k	42.96	0.32%
CC	10/8	10/16		WMT	115	1	0.17	0.00	1.05	11.671k	15.95	0.14%

YTD trade log | YTD cash log

This Week’s Assignments

None.

Open Carryover Positions

None.

Closed Carryover Positions

This position opened before this week. The result follows every linked leg back to the original contract.

1 x CSCO 10/9 CSP @ $108 (bought back for $0.04 to close the six-leg CSP roll chain, +$428.95 overall).

Current Holdings

100 shares DG @ $135.00 cost basis, $135.00 YTD start, now $127.23 (IBKR). Active: 1 x 10/16 $130 CC.
100 shares WMT @ $117.00 cost basis, $117.00 YTD start, now $111.35 (IBKR). Active: 1 x 10/16 $115 CC.
100 shares SMCI @ $50.00 cost basis, $29.27 YTD start, now $41.85 (A1).

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.