Portfolio update 15 Jul 24

$Rivian Automotive, Inc.(RIVN)$  

Sentiment

RIVN has been very bullish this week. 

Options

$RIVN 20240712 14.5 PUT$  $RIVN 20240712 15.0 CALL$  $RIVN 20240712 16.0 PUT$  

$RIVN 20240719 16.5 PUT$  

- Sold covered calls and was exercised.

- Sold cash secured puts for 2 times this week due to RIVN's share price increasing and 80/20 rule where I will take profit when I have collected 80% of the premiums

Portfolio

Cash

Expected to increase as I am going to sell some holdings. These holdings are before I document my journey so I won't say much here. However, will update any trades going forward.

Stocks

This week has been very bullish so it has increased by 2.6% compared to the last update.

T-bills

Will participate in the next T-bill. However, if the interest rate is less than Syfe Cash+ Guaranteed (3.8%), will invest in them after this round of T-bills. A caveat, it is not SDIC insured.

Crypto

No action taken

Need advice from the community

Recently, I chanced upon yieldmax etfs. There are a few etfs that gives a dividend of 103%. Needless to say, it is considered high risk. How can triple digits yields be sustainable. 

You must already know that I trade weekly options, this gives me around 2% returnd per week which equates to 104% returnd a year. I am wondering if I should invest in it or wait to see what happens to these kinds of etfs in a bear market?

Will greatly appreciate your advice in the commrnts section.