Closing Zoetis with $220 Net Profit in Less than One Week

Opening a Microsoft position

Today, we’re planning to close our position in Zoetis, pocketing a net profit of $220. The position has already generated 75% of the max. profit, so it’s safe to take it off. The VIX is now above 20%, which means that the opportunity for new premium selling has increased quite a bit.

We’re looking at Microsoft to put on a new position.

Based on today’s open positions incl. $MSFT, our portfolio will have 14% in excess cash (the way we calculate it using 100% replaced stock values). This makes sense with the VIX above 20%, while still being able to put additional cash to work.