Week in Review – December 19 – 23, 2016


Option to Profit

Week in Review

December 19 – 23, 2016

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Weekly Up to Date Performance

December 19 – 23, 2016

One week left to go in 2016 and we are knocking on the door of 20,000 on the DJIA.


The market was basically unchanged for the week and there were no new positions opened.

For the most part, I haven’t minded going along for the ride, although the past week was another one where commodities and retail were weak, so I didn’t care for that part of things.

What I did like was the ability to rollover a number of positions and getting my share of dividends, while still keeping cash at a level that gives me lots of options as 2017 arrives.

Even with the weakness in commodities, 2016 continues to have been a great year.

I’m really looking forward to 2017, especially since I don’t think that I was able to say the same thing for each of the past 2 years.

While there’s no volatility in sight, I think that the next year is going to bring lots of opportunity the old fashioned way.

That means no artificially induced buying from low interest rates and no indiscriminate repurchasing of shares to move them higher.

Instead, I think that we are finally getting to that point that corporate earnings are actually going to be good.

Of course, that has to be balanced with what may be an increasingly high interest rate environment, with upward pressure on rates coming faster than may have ever been expected.

That may be what’s in store as we look at the possibility of an already fully employed work force and the possibility of infrastructure projects coming, as promised.

That may be a good combination for the economy, but a quicker rate of upward pressure on wages and prices may not be the best thing for stocks, unless the stocks are materials and commodity centric.

So that’s why I’m excited about 2017 just continuing the overall story of my 2016 experience.

Hopefully, the 2017 experience will also include more trades, more income and a continued ability to beat the S&P 500 at its own game.

We’ll see about that.

But for now, the only thing that matters is that everyone be in a best position as possible to have the Merriest possible Christmas and to have a happy and a healthy New Year.

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:  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

Calls Rolled over, taking profits, into the monthly cycle: DOW

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   LVS (12/19 $0.72), GDX (12/19 $0.055), DOW (12/23 $0.46)

Ex-dividend Positions Next Week: CY (12/27 $0.11), GPS (12/30 $0.23)

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.

Weekend Update – December 25, 2016

 It’s the end of the world as we know it

…And I feel fine.

Whoever thought that we would live to see the day that the President-Elect would be running a parallel foreign policy?

Whoever thought we would live to see the day that Republicans were cozying up to the Russian government while the Democrats were sounding the siren?

Then again, did anyone really believe that Great Britain would split from the European Union?

Maybe it really is the end of the world as we know it.

The one good thing is that as best as we can project, life in a post-apocalyptic world will probably be characterized by lower tax rates.

That can only add to the feeling fine sensation and I certainly look forward to the little considered benefits of an apocalypse.

While the world may not be ending, 2016 is coming to an end and after a very palpable post-election rally, it’s not very clear where we go next.

I certainly don’t know where I go next.

In less than a month populism meets reality and the direction may become more clear. At the moment, the only thing that really is clear is that populism is a world wide phenomenon, which means that lots of world-wide enemies are being identified to account for all of the ills any particular society may be experiencing.


Continue reading on Seeking Alpha




Daily Market Update – December 23, 2016



Daily Market Update –  December 23, 2016 (9:00 AM)

The Week in Review will be posted by 10 PM and the Weekend Update will be posted by Noon on Sunday.

The following trade outcomes are possible today:

Assignments: none

Rollovers: None

Expirations:   none

The following were ex-dividend this week:    GDX (12/19 $0.055), LVS (12/19 $0.72), DOW (12/23 $0.46)  

The following are ex-dividend next week:  CY (12/27 $0.11), GPS (12/30 $0.23)

Trades, if any, will be attempted to be made prior to 3:30 PM EDT


Daily Market Update – December 22, 2016



Daily Market Update –  December 22, 2016 (7:30 AM)

Was the week before Christmas…..

We all know how the famous poem goes, but there’s not much stirring in these stock markets, either.

That’s how the view is this morning, as well, although we are awaiting a GDP report before the open.

Unless the results are very, very unexpected, there’s probably not too much reason to expect that stocks will do anything but what they’ve been doing all week.

That is, nothing.

That’s fine by be, as I think I’ve made pretty much all of the trades that I need to make, other than for some of those personal DOH trades that I hope to be doing a lot more of in 2017.

If you have the time and the stomach lining to deal with those, they can really be a great example of making lemonade out of lemons, as long as you also have the stocks in sufficient quantity to really make it worthwhile.

The bad news, of course, is that I have those big losers in big enough positions to make it worthwhile.

But when I look at the income stream that they can generate if not minding the hyper-focus and Rolaids necessary, they are the equivalent of a well paying job.

These days, that’s appealing in and of itself and I do believe that 2017 will really be a year of commodity prices, as we look at infrastructure program initiatives in the US and maybe some awakening in China.

Of course, with that may come the fear that will eventually return as we start thinking about multiple interest rate increases, but that’s an issue for another day.

I expect to be doing little today and am looking forward to a couple of holiday shortened trading weeks as I also count my time down.