📢 Weekly Portfolio Update: Smart Moves, Strategic Adjustments
As we wrap up another exciting week in the StockTrak Challenge, our portfolio has seen strategic shifts focused on risk management, hedging short positions, and stabilizing holdings. Our approach remains measured as we seek to balance growth while ensuring capital preservation.
📌 Key Moves This Week
- Equities & ETFs: We opened positions in AGG, VO, IJH, IJR, AMZN, VOO, IXUS, ISTB, balancing our exposure to large-cap, mid-cap, and international stocks.
- Performance Highlights:
- Top Performers: VO (+1.03%), AGG (+0.61%)
- Laggards: IXUS (-1.60%), GOOG (-1.36%)
- Short Positions:
- Maintained a short position in GOOG (-700 shares), leading to a $1,617 loss.
- Closed BABA (-100 shares), exiting at a $607 loss.
- Successfully covered Solana (SOL) short position, resulting in a $528 net gain.
- Options & Hedging:
- Opened GOOG 175 Call options as a hedge against our short GOOG position.
- The GOOG 2507C175 call option gained 6.25% ($70 gain), providing some downside protection.
📊 Portfolio Performance Summary
- Total Portfolio Value: $500,000+ (including unrealized gains/losses)
- Top Performing Position: VO (+1.03%)
- Biggest Decliner: IXUS (-1.60%)
- Closed Positions:
- BABA (Short) → $607 loss
- Solana (Short) → $528 net gain
- Options Strategy: GOOG call hedge (+6.25%)
📈 Looking Ahead: Strategy for Next Week
- Evaluating GOOG’s movement to decide whether to hold or close the short position.
- Reducing underperforming positions such as IXUS and reallocating funds to more stable assets.
- Strengthening cash reserves while considering high-yielding opportunities for growth.
This week showcased our ability to balance risk, execute smart hedges, and make calculated moves. With a solid foundation in place, we’re setting our sights on refining our strategy for better returns while minimizing exposure to unnecessary risk.
Stay tuned for more updates as we continue navigating the markets! 🚀📈
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