2021-04-25 Sunday

WEEKLY MARKET OVERVIEW

The presidential election market run is still in place. After a shallow drop of the S&P500 (SPY) at the beginning of the week, the price recovered most of the weekly losses by the closing bell on Friday. 

SPY

Weekly performance (Week 16/2021)
– SPY (S&P500) -0.12%
 QQQ (Nasdaq100) -0.76%
 DIA (Dow Jones Industrial) -0.42%
 IWM (Small Caps) +0.49%

The volatility index (VIX) has been posting longer candles and moving higher a bit, but so far still trading below the 20 level.

VIX

WEEKLY TRADING JOURNAL

This week I closed four CSPs that all led to excellent profits.

On Wednesday I bought back to close the TNA 04/23 CSP $75 for a $0.05 debit, keeping 95% of the premium for a 44% AROI in 10 days.

TNA

On Friday I bought back to close the TNA 04/23 CSP $75 for a $0.12 debit, keeping 92% of the premium for a 235% AROI in 3 days.

TNA

On Friday night I let expire worthless for full profit the ARKK 04/23 CSPs at the $118 and $121 strike prices, achieving respectively a 54% AROI in 14 days and a 60% AROI in 7 days.

ARKK

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Take care and trade wisely

Gianmarco