Option to Profit

Week in Review


December 26 – 30, 2016

NEW POSITIONS/STO NEW STO ROLLOVERS CALLS ASSIGNED/PUTS EXPIRED CALLS EXPIRED/PUTS ASSIGNED CLOSED EX-DIVIDEND
2  /   0 0 2 0   /   0 2   /   0 0 3

 

Weekly Up to Date Performance

December 26 – 30, 2016

Well, 2016 is over and the Christmas Rally came way too early and left nothing for the final week.

Surprisingly to me, I actually opened 2 new positions in the final week of the year.

Those new positions were 1.3% higher, as they outperformed the adjusted S&P 500 by 2.1% and the unadjusted S&P 500 by 2.4%, as the unadjusted S&P was 1.1% lower for the week to end the year 9.5% higher.

Existing positions outperformed the S&P 500 by 0.9%, but that still meant that they were lower 0.2% on the week.

Still it was a good 2016, even if the end wasn’t anything to write home about.

What was nice this week was the ability to rollover a few positions, even as 2 did expire and will begin 2017 uncovered.

There were also 3 ex-dividend positions on the week, although one of those was for only $0.01.

Also not much to write home about.

2016?

That I would write home about, though, even as there were so few closed positions for the year.


This was a mixed way to end the year, with the relative good news of outperforming the market, but without the good feeling that comes along with actually making money on paper.

Or the even better feeling of making money by closing a position.

What the week was good for was for generating some revenue and keeping the ball moving forward.

2016 was a good year for that as there were lots of rollover opportunities and lots of dividends, even as there weren’t anywhere near as many closed positions as I might have liked.

That leaves 2017 with cash on hand, stocks near their all time highs and a big question as to what the new administration will actually do.

I don’t have a clue, but I won’t be shy about using that cash and looking for opportunities.

Earnings season will be interesting as will the new President’s first State of the Union speech.

For now, I look at 2017 as being a continuation of where the past 2 to 3 weeks have been.

That means a continuing uncertainty about what tomorrow may hold.

But I think that tomorrow holds some good things regarding company profits and guidance and that there is more upside, but I would be very happy to see some profit taking bring us further away from the current levels.

That’s always easier to say than it is to live through and as I’m often reminded, you do need to be careful what you wish for.

I hope everyone has a Happy and a healthy New Year and is ready to enter 2017 with a continuing positive outlook.

This is the last Week in Review, but if you have the time and inclination, I’ll be posting periodically on TheAcsMan.com and will still try to have trades posted in real time.

Just much less of the other fare.

Thank you to all of the loyal subscribers that have stayed with me for so long and always in good humor and in constructive ways.

This week’s details may be seen in the Weekly Performance spreadsheet * or in the PDF file, as well as in the summary below

(Note: Duplicate mention of positions reflects different priced lots):



New Positions Opened:  BX, UA

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

Calls Rolled over, taking profits, into the monthly cycle: none

Calls Rolled Over, taking profits, into a future monthly cycle:  none

Calls Rolled Up, taking net profits into same cyclenone

New STO: none

Put contracts expired: none

Put contracts rolled over: CLF

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   CY (12/27 $0.11), GPS (12/30 $0.23)

Ex-dividend Positions Next Week: BMY (1/4 $0.39)

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.



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