This week in our $5K options trading account, we executed a total of 4 trades – 2 cash-secured puts, 1 stock purchase, and 1 covered call. All positions were successfully closed with positive results. Below is a breakdown of our trades and performance.
Trade Recap
1. WULF – Feb 7, 2025, $4.5 Put
- Entry Date: Feb 3, 2025
- Entry Price: $13 credit
- Quantity: 1 contract (sold)
- Total Collected: $13
- Close Description: Expired worthless
- Close Date: Feb 7, 2025
- Final Profit: $13
📌 Selling this put option allowed us to collect a premium, and since WULF stayed above $4.5 at expiration, we kept the full credit.
2. RIOT – Feb 7, 2025, $11 Put
- Entry Date: Feb 3, 2025
- Entry Price: $45 credit
- Quantity: 1 contract (sold)
- Total Collected: $45
- Close Description: Expired worthless
- Close Date: Feb 7, 2025
- Final Profit: $45
📌 Similar to WULF, this put option also expired worthless as RIOT remained above $11, allowing us to keep the full premium.
3. CLSK – Shares & Covered Call
- Shares Purchased: 100 shares at $10.86 (Feb 4, 2025)
- Total Investment: $1,086
- Covered Call Sold: Feb 7, 2025, $11 Call for $45 credit
- Close Description: Assigned at $11
- Close Date: Feb 7, 2025
- Final Sale Price: $1,100
- Total Profit from Shares: $14
- Total Profit from Covered Call: $45
📌 This was a classic covered call strategy where we purchased 100 shares of CLSK, sold a covered call, and got assigned at $11. The combination of stock appreciation and premium collection made this a profitable trade.
Weekly Performance Summary
| Trade | Profit |
|---|---|
| WULF Put | $13 |
| RIOT Put | $45 |
| CLSK Shares | $14 |
| CLSK Covered Call | $45 |
| Total Weekly Profit | $117 |
🔹 Total Capital Used: $1,086
🔹 Total Premiums Collected: $103
🔹 Total Realized Profit: $117
🔹 Account Balance: $5,117
🔹 Weekly Return: 2.34%
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. This week, we exceeded our target with a 2.34% return, putting us on track for a strong month.
Key Takeaways
✅ Selling cash-secured puts provided a steady premium income while keeping risk in check.
✅ The covered call strategy on CLSK generated additional profits on top of the stock appreciation.
✅ All trades were successfully closed with no losing positions, marking a strong performance for the week.
Next week, we’ll continue focusing on high-probability setups to generate steady returns. Stay tuned for the next update!
📊 How was your trading week? Drop a comment below!