Weekly Options Trading Summary – $5K Account (Feb 10 – Feb 14, 2025)
This week in our $5K options trading account, we executed 1 trade, selling a cash-secured put on SMR. Below is a breakdown of our position and performance.
Trade Recap
1. SMR – Mar 21, 2025, $25 Put
- Entry Date: Feb 12, 2025
- Entry Price: $310 credit
- Quantity: 1 contract (sold)
- Total Collected: $310
- Close Description: Open position (not closed yet)
- Close Date: N/A
- Close Price: N/A
- Total Profit: Pending
📌 We sold a cash-secured put on SMR with a strike price of $25, expiring on March 21, 2025. The position remains open, and we have collected a premium of $310 upfront. The outcome will depend on SMR’s price movement leading up to expiration.
Weekly Performance Summary
| Trade | Profit (Realized) |
|---|---|
| SMR Put (Open) | $310 (Premium Collected) |
| Total Weekly Profit (Pending) | $310 (Collected, not realized) |
🔹 Total Capital Used: $2,500 (secured for put sale)
🔹 Total Premiums Collected: $310
🔹 Account Balance: $5,427 (including open trade)
🔹 Weekly Return: 6.2% (unrealized)
Progress Toward Monthly Goal
Our goal is to achieve a 2% profit per month, which translates to $100 per month on a $5,000 account.
🔹 Previous Weekly Profit: $117
🔹 Current Weekly Profit (Collected): $310
🔹 Cumulative Monthly Profit: $427
This puts us well ahead of our monthly goal, with a cumulative return of 8.54% so far this month, exceeding expectations. However, the SMR trade remains open, and final results will be determined at expiration or early closure.
Key Takeaways
✅ Selling cash-secured puts generated strong premium income.
✅ The SMR position is still open, and we’ll monitor it closely.
✅ We are well ahead of our monthly profit goal, but risk management remains key.
Next week, we’ll assess potential adjustments or new opportunities for premium collection. Stay tuned for the next update!
📊 How was your trading week? Drop a comment below!