Olympiad Week One

Here's a quick update on the competition. This was a very tough week for the program as essentially a perfect storm hit it in the first three days. Without going into details, let me just say that very volatile stocks moved much more than is typical then kept on moving. In particular SOLF dropped around 20% on Monday, my program wrote naked puts, then it kept dropping. The software initially wrote $30 strike puts but got stopped out of those at a $55,000 loss (5%) ,then the program initiated a position in the $25 strike puts later in the week. In other words, the puts that were very expensive Monday got more and more expensive all week and my program won't get out of its second SOLF position until it breaks $25 and some change.

The software lost big on that position but made it up on other trades to close the week down slightly. There was a big swing for the account value being down more than 10% at one point but its now only down 2%. Here are the week ending Jan. 11th stats and holdings:

Liquidation Value: $980,064.37 -$20,000 on the week
Options Value: -$196,501 (I can reasonably expect +20% next week)
Net Stock Value: $55,523
Unrealized Profit: $49,760

Positions:

Longs:

XTO
SEPR
PPDI
KGC
IBN
GOLD
GDX
DBA
BVN
BAX
AUY

Shorts:

TIF
SYY
NIHD
DIS
BBH
AXP

Naked Option Positions (options sold short):

UAUA Jan 25 puts
SOLF Jan 25 puts
LDK Jan 40 puts
CSIQ Jan 20 puts
CROX Jan 25 puts
CAL Jan 25 calls
ABK Jan 20 puts
ABK Jan 15 puts

I'll post a link to the standings as soon as its up but I don't expect to be in it this week. The program takes an intial loss on every option position so I would expect it to not be up so much after writing all of those options this week. Next week however, those options will hopefully all be out of the money and expire worthless, meaning the software will rake in 100% profits.