TheAcsMan Returns on January 2, 2017 (More or Less)
Just as a teaser, on Tuesday, at 9:58 AM, I purchased Under Armour (UA) at $25.35 and sold the weekly $25.50 option for a $0.44 premium
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Daily Market Update – December 27, 2016
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Daily Market Update – December 27, 2016 (9:00 AM) The final week of 2016. For lots of reasons, I can’t wait, but will still be sad to see it go. It will also be a pretty quiet week on the planned news front, at least as far as economic reports go and earnings are done, at least for another few weeks. That leaves us with a market where traders may be rolling the dice. Will there be strategic tax loss selling? Will there be opportunity to take advantage of expected light volume? Will anything unexpected happen anywhere just from an errant Tweet or fake news story? Amazing that those latter two are even a thing. So, regardless of what this week’s trades may or may not bring, it was by far my least busy trading year since I’ve started doing what I’m about to give up doing. It’s also the slowest trading year since I started trading, with temerity, on my own. I hope that changes next year, although I hope that the end result and the bottom line continue along the same path. With still way too much in commodities, I think that 2017 will be another good year, regardless of what happens with the overall market. I plan on trying to leverage those long dormant positions with every possible opportunity in 2017 and trading more and more, even if not opening as many new positions. I also plan to going longer term, as I’m getting a little older and not as keen about keeping an eye on news and events day in and day out. Although I never get bored, all of the above is subject to change if the slightest bit of boredom creeps in. I do know what I like, but I’m not certain of how I might respond to boredom, so it may be best to be prepared to go back to what I know I like. This week, I have cash. I do like that. I also have some inclination to spend cash. I like that, too. I have some ex-dividend positions. Like. And a couple of expiring positions. Like that, too. So, even as not expecting much on the week, I;m approaching it with a smile and am ready to go, even of only for 4 days. Hopefully, whatever few days are left will usher in a nice and welcoming 2017 for all of us. . |
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Dashboard – December 26 – 30, 2016
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MONDAY: Happy Boxing Day TUESDAY: Looks like maybe another quiet day in what could be a quiet week and maybe even a quiet end to the new year WEDNESDAY: More quietude appears to be in store today as the futures are still in bed, not having gotten out of there since sometime a week ago THURSDAY: A surprising decline yesterday looks like it will be followed by the more normal slumber, today FRIDAY:. It looks as if 2016 may go out on the quiet side, bringing a pretty good year to an end. Sorry to see it go, actually in many ways. I hope that 2017 brings the best for everyone in all of the ways that really matter
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“SNEAK PEEK AT NEXT WEEK” APPEARS ON FRIDAYS
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TheAcsMan returns on January 2, 2017 (more or less)
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Week in Review – December 19 – 23, 2016
Option to Profit
Week in Review
December 19 – 23, 2016
| NEW POSITIONS/STO | NEW STO | ROLLOVERS | CALLS ASSIGNED/PUTS EXPIRED | CALLS EXPIRED/PUTS ASSIGNED | CLOSED | EX-DIVIDEND |
| 0 / 0 | 0 | 4 | 0 / 0 | 0 / 0 | 0 | 3 |
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.
Unbelievable.
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 cycle: none
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.
