Weekly Options Trading Summary – $100K Account
Welcome to this week’s trading summary for our $100K options trading account. Below, we review our trades, including options premiums collected, stock movements, and final profits for the week ending February 7, 2025.
High-Level Summary
- Total Trades: 5 closed, 4 open
- Closed Trades Profit: $942.00
- Monthly Profit Target: 2% ($2,000)
- Progress Toward Goal: 47.1% of Monthly Target Achieved
Closed Trades
MSTX – Feb 14 $40 Put
- Entry Date: Feb 3, 2025
- Entry Price: $3.80 (per contract)
- Quantity: -1 (sold put)
- Total Collected: $380.00
- Close Date: Feb 7, 2025
- Close Price: -$200
- Profit: $180.00
- Summary: We sold this put option for $3.80 and closed it early at a profit as the price declined.
IONQ – Feb 7 $48 Call (Expired Worthless)
- Entry Date: Feb 3, 2025
- Entry Price: $0.48 (per contract)
- Quantity: -1 (covered call)
- Total Collected: $48.00
- Close Date: Feb 7, 2025
- Close Price: $0.00
- Profit: $48.00
- Summary: This call expired worthless, allowing us to keep the full premium collected.
BILL – Feb 7 $98 Call (Expired Worthless)
- Entry Date: Feb 3, 2025
- Entry Price: $6.65 (per contract)
- Quantity: -1 (covered call)
- Total Collected: $665.00
- Close Date: Feb 7, 2025
- Close Price: $0.00
- Profit: $665.00
- Summary: The covered call expired worthless, maximizing our premium profit.
TGT – Feb 7 $140 Call (Expired Worthless)
- Entry Date: Feb 3, 2025
- Entry Price: $0.49 (per contract)
- Quantity: -1 (covered call)
- Total Collected: $49.00
- Close Date: Feb 7, 2025
- Close Price: $0.00
- Profit: $49.00
- Summary: Another successful covered call expiration, adding to our premium collection.
Open Trades
IONQ – 100 Shares
- Entry Price: $41.25
- Total Cost: $4,125.00
- Current Status: Holding
- Strategy: Potentially selling calls against the position in the coming weeks.
BILL – 100 Shares
- Entry Price: $96.45
- Total Cost: $9,645.00
- Current Status: Holding
- Strategy: Evaluating new covered call opportunities.
TGT – 100 Shares
- Entry Price: $135.99
- Total Cost: $13,599.00
- Current Status: Holding
- Strategy: Looking to sell covered calls again.
TEM – Mar 21 2025 $65 Put
- Entry Date: Feb 5, 2025
- Entry Price: $6.50 (per contract)
- Quantity: -1 (sold put)
- Total Collected: $650.00
- Current Status: Open
- Strategy: Monitoring for potential early exit or expiration profit.
Total Realized Profit for the Week:
- MSTX Put: $180.00
- IONQ Call: $48.00
- BILL Call: $665.00
- TGT Call: $49.00
- Total Weekly Profit: $942.00
- Monthly Profit Goal Progress: 47.1% of $2,000 Target
Final Thoughts
This week’s strategy of selling covered calls and cash-secured puts worked well, allowing us to capture nearly $1,000 in premium profits. We continue to manage our open stock positions while seeking new opportunities for covered calls and put sales.
Stay tuned for next week’s update as we adjust our positions and explore new trade setups!
Disclaimer: This is for educational purposes only and not financial advice. Always conduct your own research before making investment decisions.