My Trade Journal for Stock Trades and ETF Investments

Stock Trades are Based on Custom Screens Plus AI Analytics

ETF Investments are Based on Tactical Asset Allocation

Covered Calls

Investing Update for the Week Ending 12/02/22

Saturday December 3, 2022

When I look at the chart above, I like the much smoother equity curve of my model versus the traditional 60/40 of the professionally managed Horizons Resolve Adaptive Asset Allocation ETF. In the period covering just over one year, my model and HRAA arrived at the same total performance but HRAA had a much wider price swing.

 

Covered Calls

With SPY closing out the week at $406.91, My Dec-02 $407.00 SPY calls expired out of the money so I keep the premium and my shares.

My Dec-16 $100.00 XLE calls remain well out of the money with XLE currently at $90.31

 

My Tactical Asset Model Allocations

My model continues to deploy cash into equity ETFs, particularly international ones. The international equity ETF allocation is now 52.8% compared to only 11.2% for US equity ETFs.

Tactical Asset Allocation Table

 

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Covered Calls

Investing Update for the Week Ending November 25, 2022

Saturday November 26, 2022

It has been a year since I began posting the weekly tactical asset allocations of my models. A one-year period is far too short of a timeframe to base a performance comparison on so I have little to say about the chart below which compares my TAA model performance to the average of a number of TAA ETFs. Eyeballing both lines, one can make two obvious observations: 1. my model has slightly outperformed the TAA ETFs, and 2. my model has a much smoother equity curve.

My Model Versus ETFs

 

November 22

I currently hold units of SPY and XLE. Both ETFs were up in price today by more than 1% so I chose to sell 20-delta calls on portions of my holdings of both. I sold Dec-02 $407.00 SPY calls for $1.45 (these have 10 days to expiry) and Dec-16 $100.00 XLE calls for $0.85 (these have 24 days to expiry). SPY closed at $399.90 today and XLE closed at $93.22.

SPY Covered Call Trade Table

XLE Covered Call Trade Table

 

My Tactical Asset Allocation Model Weights

It is interesting to note that the international equity allocation of 21.76% is much higher than the 12.02% allocation to US equities.


Tactical Asset Allocation Table

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