End of the Month Summary – June 2017

I eked out another small gain this past month. June wasn’t a stellar month for the S&P 500, but it gained 0.48%, which is good after the gains of the first five months. I finally got closer to being fully invested and have some decent gains I could make by the end of July and August. That potential could be spoiled by ADI or could be improved upon by my QQQ ratio spread. At least I’m fully engaged again and have a chance to pull out a reasonably good second half for 2017.

My account ended June with a Net Asset Value (NAV) of $101,776.61 according to Interactive Brokers (IB) after finishing May with an NAV of $101,367.61. (IB used to list Net Liquidation Values that did not include accrued interest and dividends, but stopped in June.) I had a gain of $409.00 (~0.4%) on paper for June and had $558.84 in realized gains from my three closing trades (two for a profit and one hedge for a loss). I received $32.11 in interest, but no dividends in June since I’m not long shares of anything yet. Quicken reported that I have an account value of $101,36.22, which is the same as what IB says I have after adding in the $40.39 in accrued interest that IB is crediting for me.

I’m 98.40% invested in this account, 48.28 percentage points more than the end of May as I finally added more exposure and removed a hedge. I only have two positions scheduled to expire in July (IWM and ADI naked puts) and might end up with a loss I carry over into August on one or even both of them. Most likely, I’ll take either as an assignment if they are in the money at expiration and will then write covered calls on them as I wait out their recovery. I’d like to add another TLT spread too, but it’ll depend on how it behaves in the next few weeks before I overextend myself again.

This is my asset allocation in my IB account as of the end of June:

  • Large-cap ETF: 0.0%
  • Mid-Cap ETFs: 31.44%
  • Small-Cap ETF: 13.56%
  • International: 0.0%
  • Individual Stocks & Other Sector ETFs: 39.99% (pretty much large cap really with WMT, ADI, and QQQ included here)
  • Bonds: 0.0%
  • Short ETFs: 0.0%

According to Morningstar, here’s how I compare to the major indexes (including dividends) through the month’s last trading day, June 30, 2017:

  • Dow Jones Return: YTD change +9.35%, 1-year change +22.12%
  • S&P 500 Return: YTD change +9.34%, 1-year change +17.9%
  • NASDAQ Composite Return: YTD change +14.07%, 1-year change +26.80%
  • Russell 2000: YTD change +4.99%, 1-year change +24.60%
  • S&P Midcap 400: YTD change +5.99%, 1-year change +18.57%

These are my returns according to Quicken from February 1, 2017 (when I established new account post-separation) through June 30, 2017:

  • YTD Return: +1.80% (not annualized)
  • 1 Year Return: +3.99% (annualized until I have a year of data)

The VIX ended the month at 11.44 and the VXN ended at 18.43. The VIX is 1.03 points higher than at the end of May and the VXN is 5.49 points higher than at the end of May. Both volatility measures finished June at their highs of the month.

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