Friends, it’s been nearly six months since my 2024 report. A lot has happened in the Trump market so far, but things have been slow in my options portfolio.
I’m still holding onto my 300 AMD, which were assigned last autumn at approximately $150, and I was assigned 100 NVDA at $129 in February. I also managed to sell 100 KO for a small profit.
My trading account (including $700 in cash) is now worth $48,600, still down from approximately $54,000 before the significant AMD drop last year.
During the tariff chaos in April, my maximum drawdown was 36% in Swiss francs. With AMD and NVDA considerably up in May, I was able to cautiously sell covered calls again (albeit at low premiums, i.e. $50-75 per week).
I’m going to stay the course, holding onto AMD and hoping for a prolonged recovery while selling far out-of-the-money covered calls. I should be able to sell NVDA at a nice profit soon.
My interim conclusion:
- Is options trading interesting and challenging? Yes, definitely!
- Is options trading a great source of low-risk additional income? Not really. Since I started in February 2023, the internal rate of return of the options portfolio has been 11.9%, while my “boring” ETF portfolio has made 8.6%.