Schwab is still moving in the right direction, this makes the 5th consecutive week of gains in those accounts. Still down -$5187.12 (-8.23%) but it is getting there. Robinhood Taxable also has 5 weeks of gains, up $2684.79 (19.01%). Robinhood Roth slid about $125 to -$1328.79 (-23.36%) Combined my ROI is -$3831.12 (-4.62%). Gap turned positive; at least for this week, S&P is showing -4.78% return since Dec. 30th. I’m not sure it's going to last very long as most of it is from earnings jumps. I have a little less red across the board right now. TOST has $1043.61 (26.08%) locked in. CAVA and TTD have some profits locked in as well. HUT has been cut down to -$764.53 (-10.94%) its going to pass TGT percentage wise and TGT is just going to be the all around loser with -$2362.28 (-10.23%). The HOOD position is slightly positive. I just need to get my strike up to it.
I sold off CAVA at $96.40 for a final profit of $1079.28 (12.55%). I only did that to free up capital to use on HOOD. Then I turned around and went very conservative on the HOOD Put. I just did enough to move the call up for less than $100. I closed one of the Puts on HUT, still have 2 open. The HUT Call is out a month but at $21 it is slightly above the breakeven of $20.78 so I don’t feel like it needs more help. The position is still down -$401.85 (-14.41%) but that’s hardly the trainwreck it once was. Same deal with DKNG, its Call is out a month and slightly above its breakeven so I took off the Put. All that took money off the table in the Schwab accounts, they both have about $6K in cash.
Things are still on a steady march upwards; Schwab is at -$3315.79 (-5.26%). Robinhood Taxable is at $2641.16 (18.70%), a slight dip from last week. And Roth improved to -$1090.97 (-19.18%). Combined my ROI is -$1765.60 (-2.13%). I am at the point where fixing either HOOD or TGT would put me into positive territory. Looking over the spreadsheet TOST call is at $41.50 that has $1093.49 (27.32%) profit locked in on the Call side. It did cost money to move it; $50 ($50.08 with Robinhood fees) but I went from the $40.50 Call to $41.50. I did the same thing in HOOD but it cost me $85 with the Put offsetting some cost. In general, I don’t like paying for potential profits like this. I’d much rather be collecting money. Even though its not bad on paper. $85 to get $100 is still a $15 (17.64%) return, if the stock stays above the strike until expiration. That ‘if’ carries a lot of weight. I’m okay doing it in the short term to get back to a better position. TGT has earnings next week, maybe I’ll see some good movement out of it. I am considering working my way out of DKNG and taking another position in TGT to help get it knocked out. I am still several weeks away from that though. So I’ll mostly be focusing on HOOD the next few weeks. I don’t know if I’ll add to it or just keep putting money on the side in case of a pullback.
I made a mistake Monday and rolled the TOST Put up to $45 and out a week. I thought I was rolling the Call. I switched it back and took a loss of $10.16 for moving it around. Other than that things went relatively smoothly this week, even though things are down a bit. I meant to post this Friday, I just forgot.
Values stayed relatively flat this week. Schwab dipped to -$3577.36 (-5.67%). Robinhood also dipped to $2615.11 (18.52%). Roth showed improvement; even though RKLB (its only position) was down slightly from last Friday, coming in at -$1003.33 (-17.64%) My combined ROI is -$1965.58 (-2.37%) a $200 decline from last week. TGT and HOOD are still the problem positions. HOOD is actually doing okay, just my position in it is bad.HOOD is looking like it might pull back. Honestly it probably would work out better for me if it did pull back. At any rate I am looking at it and thinking about the best course of action.
I was in one of those moods today where I just wanted problems solved. So I punted on HOOD. Rolled the calls out to the end of the year. Still left with some profit if it stays above $60. I didn’t like having 3 positions in it, I wanted to get it out of the way. Now I have $13.6K in that account to work.
This is my performance as of last week, I started writing it and forgot about it. No real changes today so I’m going to wait to make trades on Friday. Things are continuing in the right direction. The Schwab accounts are -$3200.97 (-5.08%). Robinhood Taxable is up to $2686.86 (19.03%) and the Roth is -$908.51 (-15.97%). All of these are the best positions of the accounts for May. Combined ROI is -$1422.62 (-1.71%).
Uneventful week so far. HUT is on the move up which is great because i’m not that far away from breakeven on it. I went through and opened a Put on all position that didn’t have one, even HOOD because I just couldn’t decide on another position to open. I have been paper trading some positions I am getting from Options Samurai and getting good results, I just feel like I should clean up what I have first.