What -$450,000 Looks Like
This is more than a +/- difference
This account lost $450,000.
While the portfolio is in the millions, the almost complete loss is from option trading.
Options are like a bad drug for a portfolio. Prices move by a wider margin than the underlying stock price. They also expire.
The speculator cannot hold forever and expect break-even returns. The portfolio holds only 16.55% in equities.
The cash balance is too low. Instead of raising cash to take advantage of this morning’s ~ 500 point Dow drop at open, the portfolio will lose the $304.20 remaining.
This portfolio has a small chance of breaking even. It has one holding that might recover.