Both vertical spreads for MS & COF and one BAC naked PUT (with Stop-Loss protection) all expired worhtless. Kept profit of $4,008, $2,222 and $350.Total profit for the Jan Option month is $13K, exceeded the fund objective of between $5 to $10k per month. Key profits for the month :-
MS = $4,008
C = $2,240 + $130
BAC = $4,136 + $350
COF = $$2,222
Could have been a bit higher if we did not close out C-PUT-Jan position yesterday as we do not want to keep open positions during earning announcement due to unpredictable market response.
Market very volatile due to Option Expiry Friday. Saw some good opportunities and setup some new positions for Feb.
Old Net Value = $92,062 (as of 6-Jan)Current Net Value =$106,701 (as of end 16-Jan)
Current Cash Value = $110,854
January option month contributed a value of about $14K from base of $92K i.e. about 15.2% for this month (or in 10 days). Average time spent per day in Jan was high at about 45 minutes (a typical month average was 20 to 30 minutes e.g. for last quarter).
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