Dec92016

Week In Review – December 5 – 9, 2016

Week in Review

 

Option to Profit

Week in Review


December 5 – 9, 2016

NEW POSITIONS/STO NEW STO ROLLOVERS CALLS ASSIGNED/PUTS EXPIRED CALLS EXPIRED/PUTS ASSIGNED CLOSED EX-DIVIDEND
0  /   0  0 1 1   /   0 0   /   0 0 5

 

Weekly Up to Date Performance

December 5 – 9, 2016

New Record, new record and more new records.

How often can you say that?

That pretty much sums things up, as the S&P 500 was up 3.1%

This week had no new positions opened as I was happy just going along for the ride.

More importantly, while conserving cash from the previous week’s assignments, there was again opportunity to put some idle positions to work with the sale of calls on 3 uncovered positions.

Existing positions did well, but with Friday’s decline in commodity pricing, ended up not being able to keep up.

With one more closed positions this week we did break the 30 mark for the year. Still a paltry number as there are almost 1000 closed positions in the nearly 5 years of recommendations.

This was mostly a week to watch.

I don’t mind doing that and haven’t minded as long as that means things are moving higher.

Despite a bit of lagging this week as commodities saw declines on Friday, I was pretty happy.

That’s because there were 5 ex-dividend positions and I was able to keep alive that DOH trade, without losing the position to assignment.

What i didn’t do, and in hindsight should have, was to have recommended more of those DOH trades to subscribers.

Even though i do post them, I decided that it was just too much to have to juggle several of those at one time.

That would have been the case this week.

While I don’t mind the risk – reward imbalance, it’s definitely not for everyone.

Plus , it also requires being glued to the ticker, especially as trading nears the end of tr
ading for the day.

That’s what happened with a short position I opened late this afternoon and I was prepared to make an offsetting trade heading into the closing bell.

The problem is that doesn’t leave much time for anyone else to follow that lead.

Oh well, it was still a good week and the rally continues.

Next week the FOMC reports and I think there’s even more to come, but I am happy to be squirreling away some cash.

 

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:   MRO

Calls Rolled over, taking profits, into extended weekly cycle:  none

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 cycle:  none

New STO: none

Put contracts expired: none

Put contracts rolled over: none

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:     GME (11/29 $0.37), MOS (11/29 $0.275), ANF )11/30 $0.20), BAC (11/30 $0.075)

Ex-dividend Positions Next Week: HPQ (12/12 $0.13), M (12/13 $0.38), BBBY (12/14 $0.125)

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.



Dec92016

Daily Market Update – December 9, 2016

Daily Market Update

 

 

Daily Market Update –  December 9, 2016 (7:30 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: BX

Rollovers: None

Expirations:   none

The following were ex-dividend this week:    GM (12/5 $0.38), HAL (12/5 $0.18). KSS (12/5 $0.50). NEM (12/6 $0.05), COH (12/7 $0.34)

The following are ex-dividend next week:  HPQ (12/12 $0.13), M (12/13 $0.38), BBBY (12/14 $0.125)  

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

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Dec82016

Daily Market Update – December 8, 2016 (Close)

Daily Market Update

 

 

Daily Market Update –  December 8, 2016 (Close)


What can you possibly say about yesterday’s nearly 300 point advance?

Things just took off at about 11 AM and never looked back.

You could have said the same about today, other than the 300 point part.

Still, there was even more to add to the record highs.

With the FOMC meeting coming up, you would have to think that the re-ignition of the Trump Rally after a brief rest could only mean that there isn’t too much fear about what the market will do if the FOMC delivers what is expected.

Given what happened last year, you would also have to believe that people with decent memory or having the ability to look at past charts, have also come to the belief that there will be no adverse delayed reaction to the FOMC’s decision this time around.

Yesterday was just another good day to go along for the ride, even as there was some opportunity to execute a rollover.

Of course, that rollover was of a “DOH” trade, so there was some anxiety over losing out on whatever short term strength there may be that could offset the longer term decline in the particular position.

With yesterday’s nearly 300 point gain, things did look more sedate this morning, but so did things yesterday at this same time.

With now only a single position set to expire tomorrow and that position looking well like it will be assigned, there may not be too much left to do, other than continuing to try and rollover Monday’s ex-dividend position that’s now well in the money, in an attempt to at least get a portion of the dividend in the form of some more premium.

Otherwise, it’s rest and relaxation and hoping that more of those paper gains become the real kind over the next few weeks.


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Dec82016

Daily Market Update – December 8, 2016

Daily Market Update

 

 

Daily Market Update –  December 8, 2016 (7:30 AM)


What can you possibly say about yesterday’s nearly 300 point advance?

Things just took off at about 11 AM and never looked back.

With the FOMC meeting coming up, you would have to think that the re-ignition of the Trump Rally after a brief rest could only mean that there isn’t too much fear about what the market will do if the FOMC delivers what is expected.

Given what happened last year, you would also have to believe that people with decent memory or having the ability to look at past charts, have also come to the belief that there will be no adverse delayed reaction to the FOMC’s decision this time around.

Yesterday was just another good day to go along for the ride, even as there was some opportunity to execute a rollover.

Of course, that rollover was of a “DOH” trade, so there was some anxiety over losing out on whatever short term strength there may be that could offset the longer term decline in the particular position.

With yesterday’s nearly 300 point gain, things do look more sedate this morning, but so did things yesterday at this same time.

With now only a single position set to expire tomorrow and that position looking well like it will be assigned, there may not be too much left to do, other than continuing to try and rollover Monday’s ex-dividend position that’s now well in the money, in an attempt to at least get a portion of the dividend in the form of some more premium.

Otherwise, it’s rest and relaxation and hoping that more of those paper gains become the real kind.


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Dec72016

Daily Market Update – December 7, 2016

Daily Market Update

 

 

Daily Market Update –  December 7, 2016 (9:30 AM)


The DJIA sits again at a new high as we get set to begin this morning and the S&P 500 is within easy striking distance.

Once again, this morning looks as if it may take a break, even as the world’s markets are advancing.

The real question remains how markets are going to react when the FOMC finally comes to a decision.

With the recent run up in stock prices is this the time to take profits or is this time to catapult to even greater highs?

There’s plenty of past history to support either of those paths, so it may be an eventful couple of weeks as we await what most everyone believes will be affirmation of the certainty of a tax increase.

As I look at the performance of my portfolio on the year, I’m just happy to see it keep doing what it has been doing.

That’s especially true when you think that for a portfolio that still has energy and commodity positions, there may be more good things to come as the economy heats up.

Patience may really have its virtues, especially when there aren’t very many predictable alternatives if you elect to be impatient.

The relative performance of markets have punished those who’ve decided to sell losers, such as energy and commodities and invest their money elsewhere.

The likelihood is that your idea of elsewhere hasn’t been quite the performer that you had been hoping to find as a replacement for your losers that you had dumped.

With the exception of those that go the bankruptcy route, almost everything else lives in some kind of cyclical pattern, if you can live long enough to see that big picture complete itself.

At this point, I just want to make it to 2017.

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