The first week of the StockTrak challenge has been all about testing strategies, understanding the platform, and managing risk. While we’ve kept a significant portion of our cash uninvested, we’ve made some initial trades to explore different market mechanics.

📌 Team Entries & Updates

Julia’s Strategy: Options & Holding for Volatility

🎯 Stock Pick: ULTY (Using a Vanilla Option Strategy)
🔍 Reasoning:

• Selected ULTY as a call option due to its potential price movement.
• Plan to hold until the end of the month to manage volatility risks.
• Exploring covered calls for income generation and buying puts for downside protection.
  ✅ Goal: Gain hands-on experience in options trading while testing real-world risk management strategies.

Jorge’s Market Exploration: Testing StockTrak’s Capabilities

📌 Trades & Observations:

• Placed two low-value trades to test StockTrak’s trading system.
• Purchased a small amount of crypto to test the 24/7 exchange clearing process (executed instantly).
• Considering shifting cash into cash-like securities (money market funds, T-Bills, or short-term bonds) while refining our long-term portfolio strategy.
  📊 Key Takeaway: We’ve been cautious in our initial trades, reflected in our large cash holdings and limited movement. The next step is deploying capital strategically.

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Looking Ahead: Week 2 Plan

🔹 Define our team-wide investment strategy
🔹 Diversify beyond cash holdings into low-risk short-term positions
🔹 Consider leveraging hedging instruments like covered calls or defensive ETFs

We’re still laying the groundwork, but we’re in full strategy mode now! Stay tuned for next week’s market moves.

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