Celine Dion: "I don't want people to wait in line if I don't have anymore apples"
I am almost done with watching Celine Dion's documentary by Amazon Prime and it is extremely heart breaking to watch with the medical trauma she underwent, her pain and loss in full display.
It was very depressing for me to watch as it reminded me of scenes that my mother went through. It frightens me even till this day, and I live in fear everyday, that something is going to happen, I need to watch out.
I don't know how she is coping everyday with the loss of identity, the loss of her health, and even though she is definitely very wealthy, I think she would give up of all it just to be the Celine Dion I knew when I was younger.
S&P500: 18.34% (was 14.23% last month)
Tracker: 9.19% (was 13.91%)
STI: 5.29% (was 5.35%)
My portfolio: 25.47% (was 23.09%)
Option income was just north of 1100, which isn't great, isn't bad, considering that I did not truly utilized all my funds for most of the month.
The total profit from income options portfolio totals to about 7000 year to date, based on a start up capital of 50000. All profits will be plough back into the portfolio, which makes this income strategy not so income really. A real income portfolio gives you a sum of money that needs to be use every month, and I have the luxury of a day job.
My position in Anta Sports have increased by another 1000 shares as my sell puts went ITM. 400 shares were out of the money the day before expiry, but 27-June wasn't a nice day in the market.
It might start to make sense to go on an income strategy with Alibaba. The news of the convertible bond sale isn't likely going to make the stock soar in the near future, so an income strategy make sense.
In that, I sold ITM calls on my Tracker Fund positions and the counter party exercised a good majority of them. So with these funds, I have another 10k SGD of capital to sell puts on. Alibaba looks like a proper choice at the moment, and IV isn't too poor (neither is it excellent to sell on).
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On a more personal note, it is another disappointing year in my main job, and I guess my fortunes has indeed changed for the worse. I think I could learn to adjust to this new normal, where one slides into mediocrity. What worries me is the decline of my mom's health. I wish she doesn't work that hard for her age.
Apologies for this very short update. There isn't any bright sparks-- no teachable moments to share.
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