Category Archives: Week in Review

 

 

Option to Profit Week in Review –  April 13 –  17,  2015

NEW POSITIONS/STO	NEW STO	ROLLOVERS	CALLS ASSIGNED/PUTS EXPIRED	CALLS EXPIRED/PUTS ASSIGNED	CLOSED
1 / 1	3	3	5  /  0	1 / 0	0

    

Weekly Up to Date Performance

April 13 – 17,   2015

Despite Friday’s big sell-off, it was a nice week. Surprisingly so, but I’ll take anything.

This week there was just a single new position opened and it beat both the adjusted and unadjusted S&P 500 by a 1.0%, as the market squandered 4 days of decent performance with a closing day’s plunge. 

The new position gained 1.0% while the unadjusted and adjusted S&P 500 each lost 1.0% for the week.

Existing positions had an unusually strong week thanks to energy and some other positions and out-performed the S&P 500 for the week by 2.5%, as they were 1.5% higher despite the market being down 1.0%.

This week 5 lots were added to the closed position list. Positions closed in 2015 continue to out-perform the market. They are an average of 5.5% higher, while the comparable time adjusted S&P 500 average performance has been 1.6% higher. That 3.9% difference represents a 253.9% performance differential.

 

Despite the market being down 1.0% for the week, this was a satisfying week.

Some of that has to do with the manner in which the market reacted to generally disappointing earnings.

It reacted in a mature way when disappointing earnings were released, if there was a significant impact from currency conversion. It also took reduced guidance in stride.

Based on the past, that wasn’t going to be a slam – dunk. The market hasn’t always been able to retrain itself even when it had already discounted what was widely known and expected.

To its credit, so far, this time around, it has.

Friday’s sell-off, another in an unending examples of why you can’t count those eggs too soon, was entirely ignited by overseas markets, especially news of increasing regulation in the Chinese stock market. Together with increasing speculation over a potential exit of Greece from the EU and you had a sea of red facing our market this morning.

Still, it wasn’t a bad week.

The real relief was being able to still see a nice number of positions get assigned and I especially like seeing that happen as their prices are moving lower.

Additionally, there was the chance to sell new cover on uncovered positions and to rollover most positions. The one position that expired, the United States Brent Oil Fund, was a position bought on speculation that oil would move nicely higher and so a deep out of the money call was sold with a 4 month time horizon.

Rather than roll that over and pay the price for doing so, it is a candidate for doing the same thing on the next move higher, as it closed today right where it was purchased 4 months ago. This time, I might look at an August option or even longer.

The best part, thanks to the strength in energy stocks for the week, despite Friday’s sell-off, was that existing positions actually gained 1.5% for the week.

With a couple of rollovers to next week, there are already some positions populating the week and a smattering of others for each week in the May 2015 cycle.

With a good number of assignments this week and the ability to replenish cash reserves at a time when the market took a nice drop, I may be more anxious and more able than has been the case lately to add some new positions.

The likelihood is that I would consider weekly options, although as volatility climbed a little on Friday’s sell-off and some positions may have upcoming earnings as part of the equation, there may be reason to look at some extended weekly expirations, as well.

Next week will be a busy one for earnings.

After today’s sell off and with cash in hand, I would really like to see some further selling, but today’s may have been fueled by entirely external factors occurring overseas. If earnings continue in the same path and we remain mature in not over-reacting to what we know to be coming, the market may have reason to continue higher.

We’ll see.

 

 

 

.

 

 



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

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



New Positions Opened:   GPS

Puts Closed in order to take profits:  none

Calls Rolled over, taking profits, into the next weekly cycle:  ATVI, GPS

Calls Rolled over, taking profits, into extended weekly cycle:  GDX (5/1)

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:  BP (6/19), DOW (5/15), GDX (6/19)

Put contracts expired: none

Put contracts rolled over: none

Long term call contracts sold:  none

Calls Assigned: CSCO, LXK, MRO, SBGI, SBGI

Calls Expired:  BNO

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: ABBV (4/13 $0.51), CHK (4/13 $0.09), FCX (4/13 $0.05)

Ex-dividend Positions Next Week: FAST (4/24 $0.28)

 

 

For the coming week the existing positions have lots that still require the sale of contracts:   AGQ, ANF, BAC, CHK, CLF, COH, FAST, FCX, HAL, HFC, .INTC, JCP, JOY, LVS, MAT, MCP, MOS,  NEM, RIG, WFM, WLT (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.



 

 

Option to Profit Week in Review –  April 6 –  10,  2015

NEW POSITIONS/STO	NEW STO	ROLLOVERS	CALLS ASSIGNED/PUTS EXPIRED	CALLS EXPIRED/PUTS ASSIGNED	CLOSED
1 / 1	3	5	1  /  0	0 / 0	0

    

Weekly Up to Date Performance

April 6 – 10,   2015

This was a surprising week, to a degree, as the market dug out of the hole created for it last Friday when it had no opportunity to respond to the Employment Situation Report as the futures and bond markets reacted as if it was something akin to the end of the world.

This week there was just a single new position opened and it trailed the both adjusted and unadjusted S&P 500 by a large 1.5%, as the market had a stealth rally and has now finally strung some consecutive days higher together. 

The new position gained 0.1% while the unadjusted and adjusted S&P 500 each gained 1.6% for the week.

Existing positions broke their streak of out-performance and trailed the S&P 500 for the week by 0.2%.

Positions closed in 2015 continue to out-perform the market. They are an average of 5.3% higher, while the comparable time adjusted S&P 500 average performance has been 1.5% higher. That 3.8% difference represents a 257.6% performance differential. That remains unusually high and is associated with the longer period of holding of those closed positions than is more typically the case. I would much rather see that differential be smaller but be based on far more assignments resulting in closed positions. This week saw only one new position added to the list of those closed on 2015.

 

For just a few minutes this week as trading opened, did it look as if this might be yet another in a series of weeks with a significant downward bias that began at the end of February.

Instead, after those few minutes were up and traders realized that the futures market’s reaction to the Employment Situation Report the previous Friday was really unwarranted, it simply did the right thing.

Someone came to the realization that the previous month’s decision to greet the news of a terrible Employment Situation Report with dumping stocks didn’t make too much sense when the same dumping was done the previous month because the numbers were too good.

Unless of course we’re at that point that bad news is bad news and good news is bad news.

As irrational as the market sometimes seems, it doesn’t get to that point very often.

While there really wasn’t too much news this week to move the market in either direction and certainly not in any perceptible size, it did just that.

What made the week pretty impressive is that not only did it not allow the previous Friday’s futures trading a chance to really take hold, but it also recovered from 2 days of late sell-offs that dashed decent rallies, as the week came to an end on a very positive note.

In fact the week came to its close at the highs, leaving the S&P 500 less than 0.5% away from it’s all time high.and volatility once again near its 52 week low and easily in range to  drop below that level with only a single day’s rally necessary to do so.

That positive note is made even more impressive by virtue of it coming right before the financials begin to report their earnings and before the season really gets underway in earnest the following week.

Instead of being cautious or tentative traders went in buying instead of selling, even though you would have been very hard pressed to have found anyone of merit suggesting that there were good times ahead for the market.

The week was a good one, even with some under-performance. The ability to generate income from a nice combination of new options sales and rollovers was welcome and for now I do like the way next week’s expiring positions are set up.

Although I would have liked to have seen more assignments this week the principal goal of generating income was satisfied and next week’s expiring positions are still in reasonable striking range of being assigned or being rolled over.

With a fair number of positions set to expire next week as the monthly cycle comes to an end each of the 4 weeks in the May 2015 cycle already have some positions populating them. It’s been a while since there has been that kind of time diversification.

With the number of positions for next week already sufficient, as long as there continue to look as if there may be some in line to be assigned, my goal for next week would be to be able to rollover whatever is possible in order to generate the week’s income.

With only a single assignment I would like to preserve cash, particularly since there’s not too much to preserve at the moment and I would like to see that reserve grow.

New purchases for next week, if any, would likely equally look at a weekly expiration as it might at an expanded weekly. However, with volatility going even lower it does get more difficult to consider going out too many weeks into the future.

The exception may be for those positions that will have earnings entering into the equation, as the banks really get things going next week and the next few weeks may be fairly hectic as earnings pour in.

 



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

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



New Positions Opened:   WFM

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:  KO (5/1), UAL (5/1), WFM (4/24)

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

Calls Rolled Over, taking profits, into a future monthly cycle:  GDX (5/15), GPS (5/15)

Calls Rolled Up, taking net profits into same cycle:  none

New STO:  BAC (5/15), CHK (5/15), LVS (5/8)

Put contracts expired: none

Put contracts rolled over: none

Long term call contracts sold:  none

Calls Assigned: HAL

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: GPS (4/6 $0.23), WFM (4/8 $0.13)

Ex-dividend Positions Next Week: ABBV (4/13 $0.51), CHK (4/13 $0.09), FCX (4/13 $0.05)

 

 

For the coming week the existing positions have lots that still require the sale of contracts:   AGQ, ANF, BAC, CHK, CLF, COH, DOW, FAST, FCX, GDX, HAL, HFC, .INTC, JCP, JOY, LVS, MAT, MCP, MOS,  NEM, RIG, WFM, WLT (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.



 

 

Option to Profit Week in Review –  March 30 – April 2,  2015

NEW POSITIONS/STO	NEW STO	ROLLOVERS	CALLS ASSIGNED/PUTS EXPIRED	CALLS EXPIRED/PUTS ASSIGNED	CLOSED
2 / 2	1	4	1  /  0	0 / 0	0

    

Weekly Up to Date Performance

March 30 – April 2,   2015

It was yet another week of uncertainty, but at least the week ended on an up note.

There were 2 new positions opened this week and they lagged both the adjusted and unadjusted S&P 500. Those positions trailed the adjusted S&P 500 by 1.0% and under-performed the unadjusted S&P 500 by 1.1% in a reversal of last week’s comparative results.

The new positions lost 0.7% while the unadjusted S&P 500 gained 0.4% for the week and the adjusted S&P 500 gained 0.2% for that period.

Existing positions, on the other hand, again out-performed the S&P 500. They were 0.9% higher, which was 0.6% better than the S&P 500’s performance for the week. That’s better than last week, when they also out-performed the S&P 500, but still lost money for the week.

Out-performance is good, but only to a degree.

Positions closed in 2015 continue to out-perform the market. They are an average of 5.3% higher, while the comparable time adjusted S&P 500 average performance has been 1.6% higher. That 3.8% difference represents a 242.1% performance differential. That remains unusually high and is associated with the longer period of holding of those closed positions than is more typically the case. I would much rather see that differential be smaller but be based on far more assignments resulting in closed positions.

 

Despite a couple of large moves this week, it was like a number of other weeks so far in 2015.

Not much really changed and there certainly wasn’t too much going on to account for any of the moves seen.

With a couple of large declines this week I had lost much confidence that rollovers or assignments would happen and with only 4 days of trading each and every day and each and every big move was that much more meaningful.

Luckily, and again there really wasn’t too much reason, Thursday ended the week on a positive note, although it did look for a while as if it all would vaporize.

Somehow, when it was all done for the week all positions expiring were either rolled over or assigned.

I definitely wasn’t expecting that outcome.

I would have liked to have seen more than the single assignment that occurred, but even that one was in doubt until the final few minutes of trading, so I won’t complain. I’m happy to have even that small amount added to my cash reserves which are uncomfortably small right now.

That means that I’m not too likely to be in a big buying mood, or even in position to want to be buying when the bell rings on Monday.

When that bell does ring it may be in the position of having to catch up to whatever tomorrow’s Employment Situation Report will bring. Since bond markets will be open on Good Friday, while stock markets are closed, any significant reaction to the report on Friday could create a considerable gap when equity markets get ready for trading on Monday. Given how volatile the bond market has been lately, especially in response to the Employment Situation Report, I’d be happy to see a very mid-range number being released tomorrow.

It’s hard to imagine what kind of a number could possibly lead to stock market optimism, so I’d rather not see any reason at all for bonds to make any kind of meaningful move.

With a number of positions set to expire next week and a handful more the following week to end the April 2015 cycle, the only goal I would have in the event of any new purchases is to be able to recycle whatever money is put to work as quickly as possible. That would probably mean sticking to a weekly contract next week.

In the best of all worlds the market would begin the week as this week started on a strong move higher, as I continue to prefer any opportunity to sell calls on existing uncovered positions.

Friday’s apparent deal with Iran, to at least establish a framework for a nuclear inspection deal may again alter the energy pricing dynamic and that could again cause the market to react to energy prices.

With 3 days to digest what just happened, much of it may be forgotten by Monday, especially if the EMployment Situation Report is still on people’s minds.

Hopefully Thursday’s trading, which was essentially positive, will set the tone for the rest of the month as we await earnings challenges that actually start all over again next week.

 

 

 



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

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



New Positions Opened:   CSCO, UAL

Puts Closed in order to take profits:  none

Calls Rolled over, taking profits, into the next weekly cycle:  UAL

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

Calls Rolled over, taking profits, into the monthly cycle: ATVI, CSCO, GDX

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

Calls Rolled Up, taking net profits into same cycle:  none

New STO:  ABBV (5/15)

Put contracts expired: none

Put contracts rolled over: none

Long term call contracts sold:  none

Calls Assigned: MET

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: EMC (3/30 $0.12), CSCO (3/31 $0.21)

Ex-dividend Positions Next Week: GPS (4/6 $0.23), WFM (4/8 $0.13)

 

 

For the coming week the existing positions have lots that still require the sale of contracts:   AGQ, ANF, BAC, CHK, CLF, COH, DOW, FAST, FCX, GDX, HAL, HFC, .INTC, JCP, JOY, LVS, MAT, MCP, MOS,  NEM, RIG, WFM, WLT (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.



 

 

Option to Profit Week in Review –  March 23 – 27,  2015

NEW POSITIONS/STO	NEW STO	ROLLOVERS	CALLS ASSIGNED/PUTS EXPIRED	CALLS EXPIRED/PUTS ASSIGNED	CLOSED
3 / 3	0	1	1  /  0	2 / 0	0

    

Weekly Up to Date Performance

March 23 – 27,   2015

This was another in a series of familiar kind of weeks.

Despite very flat days to begin and end the week, what was in-between wasn’t very good.

There were 3 new positions opened this week and they were able to beat both the adjusted and unadjusted S&P 500. Those positions beat the adjusted S&P 500 by 1.5% and surpassed the unadjusted S&P 500 by 1.7% in a week that the market really had no stories to follow, as almost nothing of interest happened this week.

As with a number of previous weeks lately, while the new positions did out-perform the S&P 500 they were still lower. Those positions were 0.5% lower for the week, while the unadjusted S&P 500 finished 2.2% lower and the adjusted S&P 500 was 2.0% lower

Due to the strength in energy this week the existing positions performed quite a bit better than the overall market, ending the week 1.5% higher than the overall market. However, those positions were still 0.8% lower for the week.

Positions closed in 2015 continue to out-perform the market. They are an average of 5.5% higher, while the comparable time adjusted S&P 500 average performance has been 1.7% higher. That 3.8% difference represents a 224.2% performance differential. That remains unusually high and is associated with the longer period of holding of those closed positions than is more typically the case.

 

This week started and ended fairly flatly.

As far as bookends go, Monday and Friday were just fine, even though Monday gave up a nice gain in the final 30 minutes.

It was really what was in-between that was the real problem as the market finished the week with another very disappointing performance, even though there wasn’t much in the way of disappointing news.

In fact, almost nothing happened this week and what did happen was barely noticeable.

There was no news to fuel inflation fears and there was no news to fear deflation fears. Lately that has been what’s been worrying the market, so it’s hard to understand what caused the market to trade so poorly this week.

While we all know what the impact is of the strengthening dollar and how it will reduce corporate earnings, we still have another two weeks until the new earnings season begins. Besides, to a large degree that impact should already be discounted by analysts in their expectations.

So it remains a mystery, but at least the market didn’t flounder further today as the GDP data was released. That data gave no indication of anything, neither positive nor negative, and played no role in today’s trading.

With all of the negativity the market is barely 2.5% below its highest point from the first trading day of this month.

With just 2 more days left to the month it has been a repeat of what January was like and the antithesis to what February was like. Hopefully that pattern will find itself continuing in April, but the challenge of earnings starts all over again in less than 2 weeks. Those two days will also determine whether this ends up being the first negative quarter in quite a while, as the S&P 500 is up only 0.09% YTD.

Next week is a holiday shortened week although the Employment Situation Report does come out on Good Friday. Stock markets are closed, although bond markets will be open. That could create some catch up trading the following Monday morning if there’s a significant reason for the bond market to make a big move.

But that’s an issue for another week.

With just a single assignment this week  and another week with only a small number of expiring positions, I don’t expect the coming week to be a very busy one for opening new positions.

In all likelihood whatever new positions are opened will probably focus on using a weekly contract in order to have some opportunity to generate some more assignments in order to fund any trading for the following week. Those premiums, though, will be relatively small, as there are just 4 days of time value.

With this week being predominantly a negative one there was no opportunity to find new cover for existing positions. That still remains my top interest and right now, the best way to both conserve cash and still generate weekly income.

At the moment all of the positions expiring next week are in position to be assigned, but it doesn‘t take too much to change that possibility. At the very least, however, it would be nice to have those positions stay within the range of being rolled over.

I never ask for too much and try not to be unreasonable in those requests, but lately the market has been anything other than generous.

 

 

 



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

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



New Positions Opened:   ABBV, ATVI, DOW

Puts Closed in order to take profits:  none

Calls Rolled over, taking profits, into the next weekly cycle:  MET

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: DOW

Calls Expired:  ABBV, BAC

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: ATVI (3/26 $0.23), DOW (3/27 $0.42)

Ex-dividend Positions Next Week: EMC (3/30 $0.12)

 

 

For the coming week the existing positions have lots that still require the sale of contracts:   ABBV, AGQ, ANF, BAC, CHK, CLF, COH, DOW, FAST, FCX, GDX, HAL, HFC, .INTC, JCP, JOY, LVS, MAT, MCP, MOS,  NEM, RIG, WFM, WLT (See “Weekly Performance” spreadsheet or PDF file)



* If you don’t have a program to read or modify spreadshe
ets, you can download the OpenOffice Suite at no cost.



 

 

Option to Profit Week in Review –  March 16 – 20,  2015

NEW POSITIONS/STO	NEW STO	ROLLOVERS	CALLS ASSIGNED/PUTS EXPIRED	CALLS EXPIRED/PUTS ASSIGNED	CLOSED
1 / 1	5	2	2  /  0	5  / 0	0

    

Weekly Up to Date Performance

March 16 – 20,   2015

This was a difficult to describe week.

Each and every day, followed the trend that began with the last 2 days of the past week and closed at a triple digit change in the direction opposite that of the previous day’s close.

That’s something you don’t see very often.

There was only a single new position opened for the week. It beat the adjusted S&P 500 by 1.2% but trailed the unadjusted S&P 500 by 1.0% in a week that the market again followed only a single story, but lots of interpretations of the meaning of that story.

The new position was 1.6% higher for the week, while the unadjusted S&P 500 finished 2.7% higher and the adjusted S&P 500 was only 0.4% higher, as the sole purchase for the week was on Thursday, effectively undoing much of the gain subsequently seen on Friday to close the week.

Positions closed in 2015 continue to out-perform the market. They are an average of 5.6% higher, while the comparable time adjusted S&P 500 average performance has been 1.9% higher. That 3.8% difference represents a 202.3% performance differential.

 

All eyes were focused on the FOMC this week and the market really didn’t know what it was looking for, nor what it really wanted.

Sometimes, just like a small child, who is more interested in just receiving something, there wasn’t much attempt to discern whether what was received was good, bad or indifferent.

It’s not very clear that the market got anything resembling clarity to the question of when the FOMC will begin to raise rates, but it did act as if all was now crystal clear.

The market itself seems to be telling a different story and it’s far from one that’s crystal clear.

This is what the past few days of trading looked like at the closing bell:

This is sort of ridiculous.

What makes it ridiculous is that there’s been basically no volatility during the course of these past few days. The market, with the exception of a single one of those days has ignored the pre-open futures trading and just headed in a single direction and had traded with almost no intra-day variation.

The exception to that lack of intra-day variation was this past Wednesday when the FOMC Statement was released.

With all of this faux volatility, there actually hasn’t been much real volatility, even as
the uncertainty has seemed to be increasing. In fcat, the volatility is about at the last low point, which was at the beginning of December 2014, even though it may not really feel like that.

This was a difficult week to want to make any commitments and was a perfect example of how the slightest change in your timing could have made such a significant difference in outcomes.

Looking forward to the next week there’s really no additional information that’s available to push in one direction or another.

For those who look at charts, looking at the net change in the closing level of the DJIA over the past 7 trading sessions shows lower highs and higher lows, so there will surely be someone who will say that the prevailing pattern is for a breakout in prices to the upside.

I have a hard time embracing that, but the reality is that for more than 2 years that really has been the case, regardless of what the charts have looked like.

I was happy to see positions go along for the ride this past week and was especially happy to have a chance to find some new cover for some of the previously uncovered positions. Although there were a couple of rollovers and a couple of assignments, there were too many expired positions to end the March 2015 option cycle.

With some additional cash available next week being added to the pile and with only 2 positions set to expire next week, the greatest likelihood is that any new positions would primarily look at next week’s expiration, rather than in forward weeks. With a smattering of positions already sprinkled through the individual weeks of the April 2015 option cycle and with premiums again following volatility lower, there’s little incentive to look at further diversifying positions by time of expiration.

While I wouldn‘t mind letting go of some of the cash reserve in order to pick up some new positions next week, my preference would be to have another week such as this past one. I’d prefer to generate the income from existing positions, where possible and put as little additional capital at risk until there is really some clarity.

That should begin fairly soon as earnings season is about to begin anew in just a couple of weeks as we may finally get some information regarding the impact of falling energy prices as well as the impact of the strengthening US Dollar.

 



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

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



New Positions Opened:   MET

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:  none

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

Calls Rolled Over, taking profits, into a future monthly cycle:  LXK, MRO

Calls Rolled Up, taking net profits into same cycle:  none

New STO:  AZN (4/24), GDX ($21 4/10), GDX ($20 4/2), HAL (4/10), KO (4/10)

Put contracts expired: none

Put contracts rolled over: none

Long term call contracts sold:  none

Calls Assigned: GME, SBGI

Calls Expired:  BAC, BP, DOW, EMC, GDX

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 (3/19 $0.65)

Ex-dividend Positions Next Week: DOW (3/27 $0.42)

 

 

For the coming week the existing positions have lots that still require the sale of contracts:   AGQ, ANF, CHK, CLF, COH, FAST, FCX, GDX, HAL, HFC, .INTC, JCP, JOY, LVS, MAT, MCP, MOS,  NEM, RIG, WFM, WLT (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.