Week In Review – January 25 – 29, 2016


Option to Profit

Week in Review


JANUARY 25 – 29, 2016


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Weekly Up to Date Performance

January 25 – 9,  2016

Last week it seemed as if the secret to having a gain was to not trade all 5 day in a week.

But maybe the secret is to wait for Thursday and Friday, because for the second week in a row strong gains on both of those days saved the markets from having really, really bad weeks.

For the second week in a row we actually had  consecutive gaining sessions and big ones, at that.

But this was now the second week since early 2009 that I mad absolutely no trades and it was the second consecutive week, at that.

At least this week had a number of ex-dividend positions and much more importantly, overall asset value went nicely higher.

The index itself was nicely higher, showing a 1.8% gain on the week, but you can thank Friday’s gain of 2.5 for all of it and more.

The themes for 2016 are still pretty obvious.

China and especially oil are still big, but there is something old that has become something new for 2016.

And that’s the FOMC and it’s also a case of bad news being thought of as good news, as the market rallied on the seeming belief that there was a slowdown ahead and that interest rates may not be poised to be raised anytime soon.

That, despite the fact that the FOMC didn’t close the door on a March 2016 rate hike and they certainly didn’t say that it was a “one and done” kind of situation.

So what we saw, as the GDP came to a crawl was the market likely reacting to the idea that there wouldn’t be sufficient data to actually raise interest rates.

How is that a good thing?

Bueller, can you tell me? How is that a good thing? Bueller?

It isn’t, but that will be a problem for next week’s market to deal with.

I’m just happy to have some more money on paper than has been the case of late..

It was just good to be able to have kept pace with those last two days and hopefully there will be some more to come and an opportunity to sell some calls on uncovered positions, as I’m still not ready to bet that the bad news is good news feeling is the sort of thing that can sustain a market.

But I’ll take it for now.

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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:  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 cyclenone

New STO:  none

Put contracts expired: none

Put contracts rolled over: none

Long term call contracts sold:  none

Calls Assigned: none

Calls Expired:  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   F (10/27 $0.15), FAST (1/27 $0.3), KMI (1/28 $0.125)

Ex-dividend Positions Next Week:  INTC (2/3 $0.24)

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.