Data Quality: 73 positions in dataset reviewed (10 closed in-month, 11 open at month-end); records in the dataset span 2026-01-26 through 2026-08-31. Monthly closed P/L, fund totals, and strategy totals are fully reconciled.
| Metric | Value |
| Monthly Net P/L | $7,458.68 |
| Monthly Return on Base Capital | 6.20% |
| Total Closed Trades | 10 |
| Win Rate | 100.00% |
| New Positions Opened | 13 |
| Ending Open Positions | 11 |
| Ending Open Defined Risk | $93,650.00 |
| Ending Cash-Secured Put Exposure | N/A |
Bottom Line
The portfolio generated $7,458.68 in total net realized gains across 10 closed positions during August 2026 without incurring a single losing trade. Performance was primarily driven by short strangle theta decay in equity index (/ES) and commodity (/CL) futures derivatives. Heading into September, the portfolio maintains 11 active open positions, with undefined-risk strangles forming the core structural risk posture alongside a large defined-risk 1-1-1 structure in the IRA Fund.
Market Context
During August 2026, benchmark equity markets displayed upward price movement while implied volatility contracted. Continuous S&P 500 futures (/ES) advanced over the monthly period, providing favorable conditions for broad market options selling. Concurrently, the CBOE Volatility Index (VIX) trended lower, accelerating premium decay across index options. Continuous WTI Crude Oil futures (/CL) traded within a structured range, allowing short strangle wings to decay efficiently without requiring defensive adjustments.
Combined Growth Snapshot
- Calculated Combined Account Value: $143,247.13
- Combined Monthly Net P/L: $7,458.68
- Combined Monthly Return on Base Capital: 6.20%
Calculated Account Value must not be represented as actual account equity. It is a reporting estimate based solely on the specified starting base cash and realized P/L available in the dataset. Deposits, withdrawals, transfers, dividends, interest, fees outside the trade records, or other non-trading cash movements are not included unless explicitly represented in the dataset.
Travel Fund
- Calculated Travel Account Value: $58,731.26
- Monthly Net P/L: $2,529.06
- Fund Monthly Return: 5.44%
- 2026 Realized Gain — Available Data: $12,238.26
- Progress Toward $10,000 Goal: 122.38%
- Progress Bar: ██████████ 122.38% (Goal Achieved)
- Required Monthly Velocity: $0.00 / month (Target Achieved)
IRA Fund
- Calculated IRA Account Value: $84,515.87
- Monthly Net P/L: $4,929.62
- Fund Monthly Return: 6.68%
- 2026 Realized Gain — Available Data: $10,742.87
Figures represent realized P/L contained in the available dataset and may not represent complete calendar-year results.
Risk Flags
- Active EOM positions flagged as Above Defined-Risk Threshold:
- ID 223 (IRA, /ESH7, 1-1-1 Options Trade, Maximum Defined Risk: $93,650.00)
- Active EOM positions flagged as Cash-Secured Put Exposure:
- ID 221 (Travel, /ESZ6, Cash-Secured Put)
- ID 75 (Travel, /ESZ6, Cash-Secured Put)
- Active EOM positions flagged as Undefined-Risk Strangle:
- ID 222 (Travel, /ESZ6, Strangle)
- ID 71 (Travel, /CLF7, Strangle)
- ID 119 (IRA, /ESZ6, Strangle)
- ID 73 (Travel, /CLZ6, Strangle)
- ID 122 (IRA, /CLZ6, Strangle)
- ID 78 (Travel, /ESZ6, Strangle)
- ID 79 (Travel, /ESZ6, Strangle)
Portfolio Exposure Breakdown
- In-Month Defined Risk Deployed: $93,650.00 (77.87% of Combined Base Capital)
- Ending Open Defined Risk: $93,650.00 (77.87% of Combined Base Capital)
- Ending Cash-Secured Put Exposure: N/A (Strike data unavailable in CSV export)
Broker Buying Power Requirement: Not determinable from the CSV because broker Buying Power data is unavailable. The exposure figures shown above are structural exposure estimates, not broker-reported buying-power requirements.
Active Open Positions Table (EOM State)
| ID | Account | Symbol | Strategy | Entry Date | Days to Expiration (DTE) | Maximum Defined Risk |
| 223 | IRA | /ESH7 | 1-1-1 Options Trade | 2026-08-31 | 109 | $93,650.00 |
| 221 | Travel | /ESZ6 | Cash-Secured Put | 2026-08-27 | 60 | Cash-Secured Put Exposure |
| 222 | Travel | /ESZ6 | Strangle | 2026-08-27 | 91 | Undefined-Risk Strangle |
| 71 | Travel | /CLF7 | Strangle | 2026-08-25 | 107 | Undefined-Risk Strangle |
| 119 | IRA | /ESZ6 | Strangle | 2026-08-18 | 81 | Undefined-Risk Strangle |
| 72 | Travel | /ESZ6 | 1-1-1 Options Trade | 2026-08-18 | 46 | $0.00 |
| 73 | Travel | /CLZ6 | Strangle | 2026-08-12 | 78 | Undefined-Risk Strangle |
| 75 | Travel | /ESZ6 | Cash-Secured Put | 2026-08-04 | 46 | Cash-Secured Put Exposure |
| 122 | IRA | /CLZ6 | Strangle | 2026-08-03 | 78 | Undefined-Risk Strangle |
| 78 | Travel | /ESZ6 | Strangle | 2026-07-29 | 60 | Undefined-Risk Strangle |
| 79 | Travel | /ESZ6 | Strangle | 2026-07-23 | 46 | Undefined-Risk Strangle |
Mechanics Breakdown
- ID 122: IRA | /CLZ6 | Strangle | 106 DTE at Entry | Entry Price: $1,290.00 | Expiration: 2026-11-17
- ID 76: Travel | /ESZ6 | Cash-Secured Put | 87 DTE at Entry | Entry Price: $1,510.00 | Expiration: 2026-10-30
- ID 75: Travel | /ESZ6 | Cash-Secured Put | 73 DTE at Entry | Entry Price: $1,125.00 | Expiration: 2026-10-16
- ID 74: Travel | /CLX6 | Strangle | 69 DTE at Entry | Entry Price: $1,270.00 | Expiration: 2026-10-15
- ID 73: Travel | /CLZ6 | Strangle | 97 DTE at Entry | Entry Price: $1,500.00 | Expiration: 2026-11-17
- ID 121: IRA | /CLX6 | Strangle | 64 DTE at Entry | Entry Price: $1,300.00 | Expiration: 2026-10-15
- ID 120: IRA | /ESZ6 | Strangle | 77 DTE at Entry | Entry Price: $2,012.50 | Expiration: 2026-10-30
- ID 72: Travel | /ESZ6 | 1-1-1 Options Trade | 59 DTE at Entry | Entry Price: $1,012.50 | Expiration: 2026-10-16
- ID 119: IRA | /ESZ6 | Strangle | 94 DTE at Entry | Entry Price: $2,075.00 | Expiration: 2026-11-20
- ID 71: Travel | /CLF7 | Strangle | 113 DTE at Entry | Entry Price: $1,680.00 | Expiration: 2026-12-16
- ID 222: Travel | /ESZ6 | Strangle | 95 DTE at Entry | Entry Price: $2,412.50 | Expiration: 2026-11-30
- ID 221: Travel | /ESZ6 | Cash-Secured Put | 64 DTE at Entry | Entry Price: $1,505.00 | Expiration: 2026-10-30
- ID 223: IRA | /ESH7 | 1-1-1 Options Trade | 109 DTE at Entry | Entry Price: $1,350.00 | Expiration: 2026-12-18
Closed Trades Table
| ID | Account | Symbol | Strategy | Opened Date | Closed Date | Entry Price | Exit Price | Net P/L |
| 125 | IRA | /ESZ6 | Strangle | 2026-07-17 | 2026-08-03 | $1,900.00 | $950.00 | $941.56 |
| 80 | Travel | /CLV6 | Strangle | 2026-07-15 | 2026-08-03 | $1,020.00 | $510.00 | $497.76 |
| 127 | IRA | /ESU6 | 1-1-1 Options Trade | 2026-07-08 | 2026-08-06 | $925.00 | $75.00 | $837.34 |
| 77 | Travel | /CLX6 | Strangle | 2026-07-30 | 2026-08-12 | $1,420.00 | $710.00 | $697.76 |
| 126 | IRA | /ESZ6 | Strangle | 2026-07-13 | 2026-08-12 | $2,025.00 | $1,012.50 | $1,004.06 |
| 123 | IRA | /ESU6 | 1-1-1 Options Trade | 2026-07-23 | 2026-08-14 | $600.00 | $82.50 | $504.84 |
| 74 | Travel | /CLX6 | Strangle | 2026-08-07 | 2026-08-25 | $1,270.00 | $630.00 | $627.76 |
| 76 | Travel | /ESZ6 | Cash-Secured Put | 2026-08-04 | 2026-08-27 | $1,510.00 | $800.00 | $705.78 |
| 121 | IRA | /CLX6 | Strangle | 2026-08-12 | 2026-08-28 | $1,300.00 | $650.00 | $637.76 |
| 120 | IRA | /ESZ6 | Strangle | 2026-08-14 | 2026-08-31 | $2,012.50 | $1,000.00 | $1,004.06 |
Strategy Leaderboard
- Strangle: $5,410.72 (7 closed trades)
- 1-1-1 Options Trade: $1,342.18 (2 closed trades)
- Cash-Secured Put: $705.78 (1 closed trade)
What Worked
Short strangles generated the majority of realized returns across both accounts, producing $5,410.72 across seven closed positions. High-credit index strangles (/ESZ6) in the IRA Fund performed efficiently, with multiple trades capturing 50% profit targets within 17 to 30 days of opening.
What Didn’t
While all closed trades reached their profit targets without incurring losses, multi-leg 1-1-1 structures required longer holding durations (up to 29 days) to achieve lower net dollar profits relative to short index strangles.
- Net Profit Factor: N/A (Ratio of net profits to net losses; no losing trades were closed during the month)
- Win Rate: 100.00% (Percentage of closed trades resulting in a profit; 10 out of 10 trades)
- Average Winning Trade: $745.87 (Mean dollar payout for winning trades)
- Average Losing Trade: $0.00 (Mean dollar loss for losing trades)
- Expectancy Per Trade: $745.87 (Average profit per closed trade during the month)
- Average Days in Trade (DIT): 19.90 days (Average holding duration for closed positions)
- Premium Retention: N/A (Percentage of entry premium collected retained as profit; entry premium data unavailable in CSV export)
| Metric | Start of Month (BOM) | End of Month (EOM) | Net Change |
| Active Open Positions | 8 | 11 | +3 |
| Open Defined Risk | $0.00 | $93,650.00 | +$93,650.00 |
| Cash-Secured Put Exposure | N/A | N/A | N/A |
| Undefined-Risk Strangles Count | 6 | 7 | +1 |
During August, active position count expanded slightly from 8 to 11 open trades as new opening pace exceeded closures. Defined-risk exposure increased significantly at month-end following the opening of a 1-1-1 structure in the IRA Fund (ID 223), establishing $93,650.00 in Maximum Defined Risk. The number of undefined-risk strangles remained steady, moving from 6 to 7 open structures, maintaining consistent exposure to volatility expansion across crude oil and equity index futures.
Closing short futures option structures systematically upon capturing 50% max profit maintained an average holding duration under 20 days while securing a 100% win rate across 10 closed positions.