December 2022 was my worst-performing month in almost 2 years of options trading as I cut a massive 333.8k of losses off my LEAPS Portfolio.
I have shared the reasons in the below article on why I decided to close this portfolio despite having more than a year left on 50% of the options contracts:
I Closed All My Remaining LEAPS CALL Positions At A Total Loss of SGD415K (USD306K)
The recent stock market rally ended on 14th December (after the FOMC meeting) as a hawkish Fed signaled more tightening ahead, despite good CPI results released on 13th December, on the eve of the FOMC meeting.
I sold most of my LEAPS CALL positions on the 13th and 15th Dec and avoided a greater loss as the market continued to fall for the rest of December.
Though I may suffer huge losses off my LEAPS Portfolio (which has been generating zero returns for the whole of 2022), I was able to recoup some of the losses from the realized gains from selling Covered CALL and Vertical Spreads. Thus, my net loss for December 2022 was -312k instead of 333.8k loss that I cut for my LEAPS Portfolio in December.
Here are some trades that I make for December 2022.
Profit/ Loss Table
I will be reviewing my whole year of options trading in 2022 in an upcoming post, so do stay tuned for that update. You can subscribe to this blog to get notified whenever I made a new post. Thank you very much for reading through and for supporting my blog.
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Keen to learn about options trading but do not wish to pay for expensive courses, this newbie guide will help gain the knowledge and fundamentals to understand options better. And it’s totally free!
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Looking for ideas on what stocks to invest in or which stocks to trade? You can take reference from what I have been buying or selling. I try to update them as soon as I can in this section, as well as share my thoughts on executing these trades:
I realized a huge chunk of my unrealized losses and these are the 6 lessons that I learned after cutting half a million in losses in my 10 years of investing and options trading journey:
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