Option to Profit
Week in Review
July 25 – 29, 2016
|NEW POSITIONS/STO||NEW STO||ROLLOVERS||CALLS ASSIGNED/PUTS EXPIRED||CALLS EXPIRED/PUTS ASSIGNED||CLOSED||EX-DIVIDEND|
|0 / 0||3||3||0 / 0||0 / 0||0||3|
Weekly Up to Date Performance
July 18 – 22, 2016
Maybe this week wasn’t another one of one record after another, but it was still pretty good.
Even if the market really didn’t move very much.
In this week of an FOMC Statement release and the GDP, no new positions were opened.
While sitting around and conserving cash, the S%P 500 was down 0.1% for the week.
Again, not a very impressive week, but still enough to make me happy
That’s because existing positions again bested the S&P 500, this time by an additional 0.7%, in what was really a good week.
With no new closed positions on the week closed positions in 2016 are still 6.8% higher, while the comparable performance for the S&P 500 during the same holding periods has been 1.9% higher. That represents a 267% difference in return on closed positions. As with every week in 2016, I’d be much more impressed if there were far more of
those closed positions to point toward. With such few closed positions for the year, the differential could just as easily have been in the other direction and of a similar magnitude, yet also signifying little.
I could get used to repeating this week after week.
This was another good week in what continues to be a good year, despite not opening any new positions this week.
It’s always nice to see asset values rise some more, but I still prefer to have some activity accompany the gains and this week there was plenty of activity.
It almost felt like the good old days.
This week had 3 rollovers and 3 positions had calls sold on them.
On top of those, there were 3 ex-dividend positions, so it was a fairly good week despite the market itself doing nothing of consequence.
Being still so close to at all time highs I’m not eager to put too much at risk in the chase as next week is set to begin.
The only problem is that there are no expiring positions next week and only 2 ex-dividend positions, so I’m hoping that something else will pop up.
I’d especially like to add to the list of positions with outstanding short calls written against them.
I’ve been patiently waiting for a long time for that to be the case and am happily seeing the end result of all of the hoping and crossed fingers.
Next week may be a quiet one, but if oil can reverse course, it could be the lift that the market needs to break through its recent highs and I wouldn’t mind continuing along for the ride.
(Note: Duplicate mention of positions reflects different priced lots):
New Positions Opened: none
Puts Closed in order to take profits: none
Calls Rolled over, taking profits, into the next weekly cycle: none
Calls Rolled over, taking profits, into extended weekly cycle: MRO (8/26)
Calls Rolled over, taking profits, into the monthly cycle: HPQ (10/21)
Calls Rolled Over, taking profits, into a future monthly cycle: none
Calls Rolled Up, taking net profits into same cycle: none
New STO: none
Put contracts expired: none
Put contracts rolled over: MRO (8/12)
Long term call contracts sold: none
Calls Assigned: none
Calls Expired: none
Puts Assigned: none
Stock positions Closed to take profits: none
Stock positions Closed to take losses: none
Calls Closed to Take Profits: none
Ex-dividend Positions: F (7/27 $0.15), MS (7/28 $0.20), KMI (7/29 $0.125)
Ex-dividend Positions Next Week: INTC (8/3 $0.26), BP (8/3 $0.595)
For the coming week the existing positions have lots that still require the sale of contracts: AGQ, ANF, AZN, BBBY, BBY, CHK, CLF, COH, CSCO, CY, DOW, FAST, FCX, GDX, GM, GPS, HAL, HFC, HPQ, INTC, IP, JCP, JOY, KMI, KSS, LVS, MCPIQ, MOS, NEM, RIG, WFM, WLTGQ, WY (See “Weekly Performance” spreadsheet or PDF file)
* If you don’t have a program to read or modify spreadsheets, you can download the OpenOffice Suite at no cost.