Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By My Trader's Journal (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Month End Summary – November 2020

% of readers think this story is Fact. Add your two cents.


November kept the trend going for me and added to may gains for the year. The bounce back in QQQ was a big help and more than made up for the paper losses on my short TLT shares. I remained too timid after the election and missed some upside, but didn’t want to blow my gains for the year if I was correct in my hesitation. I’d love to see a solid 10% correction so I could dive in deeper, but that might not come for a few months based on the euphoria that’s still out there on election finality and vaccine expectations.

My account ended November with a Net Asset Value (NAV) of $111,798.00 according to Interactive Brokers (IB) after ending October with a balance of $109,240.07. I had a gain of $2,557.93 (~2.34%) on paper for November (better than the Dow’s 4.61% loss and the S&P’s 2.77% loss). I made no trades in this account for all of November, so I had no realized gains.  I did have to pay $84.73 in dividends from my 500 short TLT shares and $18.44 in short interest for my short TLT shares. The $489.26 in paper gains from my five TLT December $152 covered puts more than covers my cost of being short.

Quicken reported that I have an account value of $111,815.61, which is the same as what IB shows after I subtract the negative $17.61 in interest accruals that IB adjusts in advance of the actual payments.

I’m only 26.39% invested in this account as of the end of November, 2.94 percentage points more than the end of October. I have $82,293.16 left in uninvested cash and no options set to expire in November. This cash total is definitely off some since I’m still sitting on a $11.02 paper loss per share on my 500 short shares of TLT, not including the premiums I’ve received. I’m close to a profit on my TLT position when I include the premiums and should be profitable again after I sell new covered puts in December.

I almost regretted selling such a high strike for my QQQ covered call when QQQ dipped below $270, but now I’m glad I aimed high. It could’ve been nice to cover that short call a few weeks ago, but if it’s assigned in just over two and a half weeks, I’ll have $700 more than I have now with the time value of the premium gone and a little more intrinsic growth in the share price. Then, I’ll just start over.

This is my asset allocation in my IB account as of the end of November 2020:

  • Large-cap ETF: 26.80% (Only QQQ for now)
  • Mid-Cap ETFs: 0%
  • Small-Cap ETF: 0.0%
  • International: 0%
  • Individual Stocks & Other Sector ETFs: 0%
  • Bonds: -71.57% (not including my TLT December covered puts)

Here’s how I compare to the major indexes:

  • Dow Jones: YTD change +3.86%, 12-month change +5.66%
  • S&P 500: YTD change +12.10%, 12-month change +15.30%
  • NASDAQ Composite: YTD change +35.96%, 12-month change +40.77%
  • Small-caps: YTD change +6.45%, 12-month change +8.42%
  • Mid-caps: YTD change +11.86%, 12-month change +13.93%

My return according to Quicken through November 30, 2020:

  • YTD change: +11.8% (not annualized)
  • 1 Year change: +12.99%

The VIX ended the month at 20.57 and the VXN ended at 26.68. The VIX finished November 17.45 points higher than the end of October. The VXN finished 14.62 points higher. The VIX peaked on November 2, when it hit an intraday high of 38.78, coming down from its late October highs. The VXN peaked the same day at 42.92. Volatility is lower now than it has been since late February when investors began to understand the gravity of how serious COVID-19 would be for the economy. Now that we’re post-election and the vaccines are expected to start rolling out soon, all eyes are on what the next catalyst will be. Spending might be slower to resume than many bulls expect and at some point, that could give us the correction we need to shake out the weak at heart.



Source: http://mytradersjournal.com/stock-options/2020/12/01/month-end-summary-november-2020/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST


Order by Phone at 888-809-8385 or online at https://www.herbanomic.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.