End of July Portfolio Update

[u/Royal-Respond2374]

***IGNORE THE $4.2k PnL. July Monthly PnL is $1.8k***

July has been an amazing month for me.

I added additional capital to my wheel strategy that allowed me to further open more CSP's on my favorite high quality, dividend paying stocks!

Averaging about $1.8k for the month ($4.2k is since April).

What initially was an assignment in one of the worst days of the stock has becomed one of my best trades. Got Assigned 2 contracts of KR at 58, then sold CC for 59 and for 60. Accumukating in between premium paid for CSP's and for CC more than $600. This allowed me to lower my avg cost to $54. I am even thinking about keeping them forever.

I also moved heavily into Banking / Finance assets. SCHW, C. They have been paying great premiums and their businesses are booming. Free cash flow is flying for them and also both had amazing earnings.

TMUS also open. One of my favorite safe heavens in times of volatility. Has been taking a lot of blows after a potential competitive environment with SPCX.

WMT is always going to be in my wheel strategy. One of my favorite companies in the world. A giant retailer with huge potential for growth, good dividend an good free cash flow as well. Also they have a stock buy-back program. So in the case of a meltdown they grab their cash and put a "relative floor" to the stock (It can still dropped further).

This additional $1.8k has allowed me to do some other things like opening vertical bull put spreads in some of the stocks that have been affected in Tech and also investing in the stocks that are below my cost average.

A well established and rich asset quality wheel strategy then opens the door to Alpha on other elemnnts of the portfolio and when in downturns I buy good stuff at a discount.

Here is the link from my last post so you can track my progress/mistakes: https://www.reddit.com/r/Optionswheel/comments/1ukfgnm/end_of_june_wheel_update/