My Total Portfolio Returns Increased By USD47,210 In 2 Weeks

One of my readers asked me to share with him my trade details and I remembered that 2 weeks ago on 23 Nov, I did a sharing on all my trades for 2021. Back then, I wrote in my blog post that the total profits were USD102,001 (you can view the records here). As of 7 December, 2 weeks later, my total portfolio returns grew to USD149,211.

I think the biggest reason for this quick rise is because I sold some of my LEAPS contracts and locked in the profits, especially there was some sort of trend reversal in December. I bought those LEAPS contracts earlier when their share prices were much cheaper. I also made quick profits off closing 2 Tesla PUT contracts in two consecutive days.

Now, these figures would mean nothing without the base capital as the denominator. My current total capital (as of 7 Dec 21) is made up of the following allocation:

Existing shares that I use to sell covered call -> USD42,833
Total collateral set aside for cash-secured put -> USD134,05
Total capital used to buy LEAPS -> USD294,790

That brings a total capital of USD471,990. This is not the amount I started with back in late Feb this year. In fact, I had less USD20k set aside for options. As I see more results in options, I started selling away my other shares and bonds to raise more capital for options trading. Also, the profits that I gained from my LEAPS contracts and the premium collected from selling cash-secured PUT and covered calls were also reinvested into the total capital to keep compounding and growing.

At USD471.9k capital, the total profits earned for this year (USD149k) gave me a return of 31.5%.