End of the Month Summary – July 2021

I skipped writing a monthly update last month due to a surgery I had on my upper back that inhibited my right hand’s ability to type. I’m not recovered yet, but I’m able to type some. I’ll keep it brief though because I’m very slow now and I have a lot of work to do still.

I’ve had a couple of decent months to help raise my account value, but I’m still very underinvested. I ended July with a Net Asset Value (NAV) of $135,632.37 according to Interactive Brokers (IB) after ending May with a balance of $132,979.58 and June with a balance of $135,064.74. That’s a gain over the past two months of $2,652.79 (~2.0%) on paper. I only made three trades over the past two months, two of those were to open and close an ABNB naked put for a $204.74 profit and the other was on a TLT naked call that was just assigned over the weekend. This means my only holdings are 100 shares long of QQQ and 100 shares short of TLT. I’ll probably sell a covered put and a new naked call on TLT this week. I’m not sure when I’ll get around to selling a covered call on my QQQ shares again. It might be fairly soon too because QQQ is close to its upper trend line of higher highs.

I’m up 8.51% for the year and need to make only $1,867.63 more to reach my original goal of earning 10% this year. I definitely need to get more exposure in my account, as I’ve said most of this year.