| Metric | Value |
|---|---|
| Monthly Net P/L | $8,647.66 |
| Monthly Return on Base Capital | 7.19% |
| Closed Trades | 19 |
| Win Rate | 84.21% |
| New Positions Opened | 22 |
| Ending Open Positions | 14 |
| Ending Open Defined Risk | Unavailable (Max Loss not in export) |
| Ending CSP Notional Exposure | $0.00 (no open short puts) |
Market Context
The S&P 500 ended September near 7,651.54, a monthly loss of roughly 0.4% to 0.5% depending on the source, while the Nasdaq gained 1.9% and the Dow fell 4.3%, from an August 31 close of 7,686.14; the index still finished the third quarter up 2.0%. The pressure came from bonds: the 10-year Treasury yield touched its highest level since 2002 on September 29, it was near 5.29% by September 30, and S&P 500 financials were down more than 6% for the month through September 28. October WTI crude settled at $91.30 on September 3 and at $100.05 on September 11, up 9.4% on that week, while US diesel hit a record $6.52 a gallon on September 22. S&P 500 falls Wednesday despite softer-than-expected inflation data; index posts losing September: Live updates +8
Combined Growth Snapshot
- Calculated Combined Account Value: $151,894.79 ($120,266.00 base + $31,628.79 Combined Dataset Realized Gain through September 30)
- Combined Monthly Net P/L: $8,647.66
- Monthly Return on Base Capital: ($8,647.66 / $120,266.00) = 7.19%
- Combined Defined-Risk ROC: Unavailable (Max Loss not in export)
Travel Fund
- Calculated Account Value: $65,461.54 ($46,493.00 base + $18,968.54)
- Monthly Net P/L: $6,730.28
- 2026 Realized Gain — Available Data: $18,968.54. Figures represent realized P/L contained in the available dataset and may not represent complete calendar-year results.
- Progress Toward $10,000 Goal: ██████████ 189.69%
- Required Weekly Velocity: $0.00 (goal exceeded by $8,968.54)
IRA Fund
- Calculated Account Value: $86,433.25 ($73,773.00 base + $12,660.25)
- Monthly Net P/L: $1,917.38
- 2026 Realized Gain — Available Data: $12,660.25. Figures represent realized P/L contained in the available dataset and may not represent complete calendar-year results.
<h3>Portfolio Risk & Heat Map</h3>
Risk Threshold Flags
- High Defined-Risk Entry (Travel > $2,300.00, IRA > $5,000.00): Not determinable, because abs(Max Loss) is not in the export.
- Cash-Secured Put Exposure: 0 open positions at September 30.
- Undefined Max Loss Structure: 12 open short strangles at September 30.
- Travel (6): 499383707, 501746754, 504046884, 508764101, 509880309, 510617209
- IRA (6): 501746352, 501914897, 504046603, 506773692, 507404742, 508798705
Portfolio Exposure Breakdown
- Monthly Defined Risk Deployed: Unavailable (Max Loss not in export)
- Current Open Defined Risk: Unavailable (Max Loss not in export)
- Current Notional Assignment Exposure: $0.00. Notional assignment exposure is not a capped maximum loss and is not broker margin.
- CSP Notional to Base Capital: 0.00% ($0.00 / $120,266.00)
- Defined Risk to Base Capital: Unavailable
Capital Requirement: Not determinable from the CSV because broker Buying Power data is unavailable.
Active Open Positions (as of September 30)
| ID | Account | Symbol | Strategy | Entry Date | DTE | Structural Risk Outlay |
|---|---|---|---|---|---|---|
| 499383707 | Travel | /CLF7 | Short Strangle | 2026-08-25 | 77 | Undefined Max Loss |
| 501746754 | Travel | /CLG7 | Short Strangle | 2026-09-02 | 106 | Undefined Max Loss |
| 504046884 | Travel | /ESH7 | Short Strangle | 2026-09-09 | 107 | Undefined Max Loss |
| 508764101 | Travel | /ESZ6 | Short Strangle | 2026-09-23 | 61 | Undefined Max Loss |
| 509156271 | Travel | /ESH7 | 1-1-1 | 2026-09-24 | 121 | Unavailable (Max Loss not in export) |
| 509880309 | Travel | /ESZ6 | Short Strangle | 2026-09-28 | 58 | Undefined Max Loss |
| 510617209 | Travel | /ESH7 | Short Strangle | 2026-09-30 | 92 | Undefined Max Loss |
| 500944597 | IRA | /ESH7 | 1-1-1 | 2026-08-31 | 79 | Unavailable (Max Loss not in export) |
| 501746352 | IRA | /ESZ6 | Short Strangle | 2026-09-02 | 79 | Undefined Max Loss |
| 501914897 | IRA | /CLF7 | Short Strangle | 2026-09-02 | 77 | Undefined Max Loss |
| 504046603 | IRA | /ESH7 | Short Strangle | 2026-09-09 | 92 | Undefined Max Loss |
| 506773692 | IRA | /ESZ6 | Short Strangle | 2026-09-16 | 51 | Undefined Max Loss |
| 507404742 | IRA | /CLZ6 | Short Strangle | 2026-09-17 | 48 | Undefined Max Loss |
| 508798705 | IRA | /ESH7 | Short Strangle | 2026-09-23 | 107 | Undefined Max Loss |
DTE is measured from September 30, 2026 to the earliest leg expiration.<h3>New Position Openings</h3>
Entry Price is the net premium at open, before commissions and fees. Credits are premium received and debits are premium paid.
- 501746352 | IRA | /ESZ6 | Short Strangle | DTE at Entry: 107 | Entry Price: $2,062.50 credit | Expiration: 2026-12-18
- 501746754 | Travel | /CLG7 | Short Strangle | DTE at Entry: 134 | Entry Price: $1,820.00 credit | Expiration: 2027-01-14
- 501914897 | IRA | /CLF7 | Short Strangle | DTE at Entry: 105 | Entry Price: $1,850.00 credit | Expiration: 2026-12-16
- 504046884 | Travel | /ESH7 | Short Strangle | DTE at Entry: 128 | Entry Price: $2,825.00 credit | Expiration: 2027-01-15
- 504046603 | IRA | /ESH7 | Short Strangle | DTE at Entry: 113 | Entry Price: $2,250.00 credit | Expiration: 2026-12-31
- 504061750 | Travel | /ESZ6 | Vertical Spread | DTE at Entry: 58 | Entry Price: $1,012.50 credit | Expiration: 2026-11-06
- 505526303 | Travel | XSP | Long Strangle | DTE at Entry: 0 | Entry Price: $78.00 debit | Expiration: 2026-09-14
- 505561480 | Travel | XSP | Long Strangle | DTE at Entry: 1 | Entry Price: $162.00 debit | Expiration: 2026-09-15
- 506773692 | IRA | /ESZ6 | Short Strangle | DTE at Entry: 65 | Entry Price: $2,012.50 credit | Expiration: 2026-11-20
- 507404742 | IRA | /CLZ6 | Short Strangle | DTE at Entry: 61 | Entry Price: $1,400.00 credit | Expiration: 2026-11-17
- 507838831 | IRA | XSP | Long Strangle | DTE at Entry: 0 | Entry Price: $102.00 debit | Expiration: 2026-09-21
- 507849279 | IRA | XSP | Long Strangle | DTE at Entry: 1 | Entry Price: $121.00 debit | Expiration: 2026-09-22
- 508764101 | Travel | /ESZ6 | Short Strangle | DTE at Entry: 68 | Entry Price: $1,925.00 credit | Expiration: 2026-11-30
- 508798705 | IRA | /ESH7 | Short Strangle | DTE at Entry: 114 | Entry Price: $2,550.00 credit | Expiration: 2027-01-15
- 509156271 | Travel | /ESH7 | 1-1-1 | DTE at Entry: 127 | Entry Price: $1,437.50 credit | Expiration: 2027-01-29
- 509817786 | Travel | XSP | Long Strangle | DTE at Entry: 0 | Entry Price: $109.00 debit | Expiration: 2026-09-28
- 509880309 | Travel | /ESZ6 | Short Strangle | DTE at Entry: 60 | Entry Price: $1,875.00 credit | Expiration: 2026-11-27
- 509892964 | Travel | XSP | Long Strangle | DTE at Entry: 0 | Entry Price: $109.00 debit | Expiration: 2026-09-28
- 509948098 | Travel | XSP | Long Strangle | DTE at Entry: 0 | Entry Price: $111.00 debit | Expiration: 2026-09-28
- 510148767 | Travel | XSP | Long Strangle | DTE at Entry: 0 | Entry Price: $107.00 debit | Expiration: 2026-09-29
- 510570287 | IRA | XSP | Long Strangle | DTE at Entry: 0 | Entry Price: $119.00 debit | Expiration: 2026-09-30
- 510617209 | Travel | /ESH7 | Short Strangle | DTE at Entry: 92 | Entry Price: $2,600.00 credit | Expiration: 2026-12-31
Capital Requirement: Not determinable from the CSV because broker Buying Power data is unavailable.<h3>Monthly Performance & Strategy Leaderboard</h3>
Closed Trades
Entry Price and Exit Price are net premium received (+) or paid (−) at open and close, before commissions and fees. Net P/L includes all commissions and fees over the life of the position.
| ID | Account | Symbol | Strategy | Opened | Closed | Entry Price | Exit Price | Net P/L |
|---|---|---|---|---|---|---|---|---|
| 486735690 | Travel | /ESZ6 | Short Strangle | 2026-07-23 | 2026-09-01 | $1,787.50 | -$875.00 | $904.06 |
| 490614137 | Travel | /ESZ6 | Short Put | 2026-08-04 | 2026-09-01 | $1,125.00 | -$550.00 | $570.78 |
| 496253346 | IRA | /ESZ6 | Short Strangle | 2026-08-18 | 2026-09-11 | $2,075.00 | -$1,037.50 | $1,029.06 |
| 505526303 | Travel | XSP | Long Strangle | 2026-09-14 | 2026-09-14 | -$78.00 | $51.00 | -$29.36 |
| 505561480 | Travel | XSP | Long Strangle | 2026-09-14 | 2026-09-15 | -$162.00 | $109.00 | -$55.48 |
| 496246549 | Travel | /ESZ6 | 1-1-1 | 2026-08-18 | 2026-09-17 | $1,012.50 | -$165.00 | $834.84 |
| 504061750 | Travel | /ESZ6 | Vertical Spread | 2026-09-09 | 2026-09-21 | $1,012.50 | -$505.00 | $494.84 |
| 507838831 | IRA | XSP | Long Strangle | 2026-09-21 | 2026-09-21 | -$102.00 | $192.00 | $87.52 |
| 507849279 | IRA | XSP | Long Strangle | 2026-09-21 | 2026-09-21 | -$121.00 | $182.00 | $58.52 |
| 490159577 | IRA | /CLZ6 | Short Strangle | 2026-08-03 | 2026-09-22 | $1,290.00 | -$640.00 | $637.76 |
| 500043024 | Travel | /ESZ6 | Short Put | 2026-08-27 | 2026-09-28 | $1,505.00 | -$612.50 | $888.28 |
| 488916132 | Travel | /ESZ6 | Short Strangle | 2026-07-29 | 2026-09-28 | $2,487.50 | -$1,450.00 | $1,029.06 |
| 509817786 | Travel | XSP | Long Strangle | 2026-09-28 | 2026-09-28 | -$109.00 | $207.00 | $95.52 |
| 499954005 | Travel | /ESZ6 | Short Strangle | 2026-08-27 | 2026-09-28 | $2,412.50 | -$1,200.00 | $1,204.06 |
| 493796167 | Travel | /CLZ6 | Short Strangle | 2026-08-12 | 2026-09-28 | $1,500.00 | -$750.00 | $737.76 |
| 509892964 | Travel | XSP | Long Strangle | 2026-09-28 | 2026-09-28 | -$109.00 | $207.00 | $95.52 |
| 509948098 | Travel | XSP | Long Strangle | 2026-09-28 | 2026-09-28 | -$111.00 | $63.00 | -$55.24 |
| 510148767 | Travel | XSP | Long Strangle | 2026-09-29 | 2026-09-29 | -$107.00 | $125.00 | $15.64 |
| 510570287 | IRA | XSP | Long Strangle | 2026-09-30 | 2026-09-30 | -$119.00 | $226.00 | $104.52 |
Strategy Leaderboard
| Rank | Strategy | Closed Trades | Net P/L |
|---|---|---|---|
| 1 | Short Strangle | 6 | $5,541.76 |
| 2 | Short Put (futures option) | 2 | $1,459.06 |
| 3 | 1-1-1 | 1 | $834.84 |
| 4 | Vertical Spread | 1 | $494.84 |
| 5 | Long Strangle | 9 | $317.16 |
Leaderboard total of $8,647.66 equals Combined Monthly Net P/L. Travel Fund contributed $6,730.28 and IRA Fund $1,917.38.<h3>”Under the Hood” Stats</h3>
Core Metrics
- Profit Factor: 62.73 (gross wins $8,787.74 / gross losses $140.08)
- Win Rate: 84.21% (16 wins, 3 losses, 0 breakeven)
- Average Winning Trade: $549.23
- Average Losing Trade: -$46.69
- By fund: Travel Fund closed 14 (11 wins, 3 losses, Profit Factor 49.05); IRA Fund closed 5 (5 wins, 0 losses, Profit Factor not defined because gross losses are $0.00).
Efficiency Metrics
- Expectancy Per Trade: $455.14
- Average Days in Trade (DIT): 18.79 days (calendar days from Opened date to Closed date; median 12 days)
- Premium Capture Ratio: 51.40% ($8,330.50 / $16,207.50). This covers the 10 credit-entry positions closed in the month. The 9 XSP debit-entry trades are excluded because no premium was collected.
Capital Performance
- Monthly Return on Defined Risk, Travel Fund: Unavailable (Max Loss not in export)
- Monthly Return on Defined Risk, IRA Fund: Unavailable (Max Loss not in export)
<h3>Portfolio Change During Month</h3>
| Metric | Start of Month (Sept 1) | End of Month (Sept 30) |
|---|---|---|
| Active Open Positions | 11 | 14 |
| Current Open Defined Risk | Unavailable | Unavailable |
| Notional Assignment Exposure | Unavailable (2 open /ESZ6 short puts, Max Loss not in export) | $0.00 |
| Undefined Max Loss Strangles | 7 | 12 |
<h3>Risk & Execution Assessment</h3>
- Active open positions rose from 11 to 14 (Travel Fund 8 to 7, IRA Fund 3 to 7).
- Undefined Max Loss strangles rose from 7 to 12 (Travel Fund 5 to 6, IRA Fund 2 to 6).
- Opening credit on open short strangles rose from $13,232.50 to $24,850.00, an increase of $11,617.50.
- /ESZ6 and /ESH7 strangles rose from 4 to 8, and /CLF7, /CLG7 and /CLZ6 strangles from 3 to 4.
- 22 positions were opened: 11 short strangles (IRA Fund 6, Travel Fund 5) for $23,170.00 in opening credit, 1 vertical spread, 1 1-1-1, and 9 XSP long strangles for $1,018.00 in debits.
- 19 positions were closed: 6 short strangles, 2 short puts, 1 1-1-1, 1 vertical spread, and 9 XSP long strangles. Eleven short-premium positions opened in the month against 6 short strangles closed.
- Closes by week were $1,474.84 (September 1–4, 2 trades), $1,029.06 (September 8–11, 1), $750.00 (September 14–18, 3), $1,278.64 (September 21–25, 4), and $4,115.12 (September 28–30, 9). The last group is 47.59% of monthly Net P/L.
- CSP Notional to Base Capital at month end is 0.00%. The Defined Risk to Base Capital ratio is unavailable.
<h3>Tactical Lesson</h3>
The month’s realized P/L came from closing older futures-option positions, and the open book changed in a different direction. Six strangles were closed and 11 short-premium positions were opened, which took Undefined Max Loss strangles from 7 to 12 and opening credit on those strangles from $13,232.50 to $24,850.00. Nearly half of monthly P/L (47.59%) closed in the last three days, so the month’s result depended on a small number of closes. Without Max Loss in the export, the downside on 12 undefined-risk positions cannot be measured, and 8 of them sit in /ESZ6 and /ESH7. A concrete test for October is a written cap on concurrent undefined-risk strangles per fund, with each new strangle gated on a close, and adding Max Loss to the export so the cap can be set in dollars.<h3>Data Notes</h3>
- Please confirm the fund mapping. The Travel Fund is the file ending 15411 and the IRA Fund is the file ending 13968, as in the weekly report. Travel Fund realized gain through August 31 comes to $12,238.26 ($18,968.54minus the $6,730.28 September gain), which matches a figure in your instructions’ formatting example. That supports the mapping, but I can’t confirm it from the files alone.
- The window is September 1–30 only. The IRA Fund’s October 2 close (511307094, $94.52) is excluded, so IRA realized gain is $12,660.25 here and $12,754.77 through October 2. The September 28–30 closes total $4,115.12, which equals the weekly report’s $4,209.64 minus that October 2 trade.
- Positions are rebuilt from the Tastytrade transaction files, with ID set to the opening Order #, option legs matched first-in-first-out by contract, and Strategy derived from leg structure. A position is counted in the month it fully closes, so older positions such as 488916132 (opened July 29) carry their full lifetime P/L into September.
- Defined-risk metrics, High Defined-Risk Entry flags, and return on defined risk are unavailable because Max Loss is not in the export. The two open /ESZ6 short puts at the start of the month are futures options with no Max Loss, so notional assignment exposure is unavailable at that date.
- Market context sources differ slightly on September’s S&P 500 result (-0.4% to -0.7%) and on the Dow (-4.3% to -4.9%). I used the CNBC and Investrade figures, which agree with a computed -0.45% from official closes.