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Weekly Report 2021-05-16

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WEEKLY MARKET OVERVIEW

The S&P500 (SPY) started the week with three scary sessions, but when the panic was spreading across the market, things started to get better, and a couple of green days recovered most of the weekly losses. So far, the overall uptrend remains in place.

Weekly performance (Week 19/2021)
– SPY (S&P500) -1.31%
 QQQ (Nasdaq100) -2.34%
 DIA (Dow Jones Industrial) -1.04%
 IWM (Small Caps) -1.94%

 

After a sharp spike upwards in the middle of the week, the volatility index (VIX) dropped again on Friday below the 20 level.

 

 

WEEKLY TRADING JOURNAL

On Friday night, I left expire worthless for full profit the CSPs on TNA and TQQQ.

Symbol: TQQQ
Position: CSP (Cash-Secured-Put)
Action:  Expired Worthless
Expiration date: 14 May 2021
Trade duration: 8 days
Strike price: $85
Cost per contract to close the trade: $0 (excluding commissions)
Premium per contract retained: $71 (excluding commissions) = 100% of the original premium
Trade ROI: 0.84% (excluding commissions)
Trade AROI: 38.11% (excluding commissions)

 

Symbol: TNA
Position: CSP (Cash-Secured-Put)
Action:  Expired Worthless
Expiration date: 14 May 2021
Trade duration: 9 days
Strike price: $80
Cost per contract to close the trade: $0 (excluding commissions)
Premium per contract retained: $87 (excluding commissions) = 100% of the original premium
Trade ROI: 1.09% (excluding commissions)
Trade AROI: 44.10% (excluding commissions)

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