Week in Review – February 8 – 12, 2016


Option to Profit

Week in Review


FEBRUARY 8 – 12, 2016


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Weekly Up to Date Performance

February 8 – 12,  2016

Alright, last week it was all about oil.

How about this week? Oil, oil, oil and maybe a little bit of interest rates, interest rates, interest rates and negative interest rates, too.

Unbelievably, I actually opened a new position this week.

That new position was 3.4% higher on the week while the adjusted S&P 500 was 0.6% higher and the unadjusted S&P 500 was 0.9% lower.

There were still no assignments for the year as the market continues the back and forth that mostly ends up taking the numbers lower and lower.

But, at least existing positions fared better than the S&P 500 for the week, no doubt with both helped out by Friday’s strong close.

This turned out to be a good week, thanks to Friday’s close.

But it was actually more than that, as Friday’s close just added paper gains.

It was a rare good week because there was actually a new position opened and a number of new call sales were made. On top of that there were a few ex-dividend positions.

Ultimately, i don’t care how it happens, but I just like to see income generated and this week was better than anything else in 2016 to this point.

That isn’t saying much as the market still closed lower on the week and it would have been far, far worse had it not been for another Friday coming to the rescue.

As with other of these strong closes to the week, it’s hard to get overly excited about what may be in store for the following week.

I did spend a little bit of money this week, but I’m under no pretenses that next week will necessarily be more inviting.

What next week does offer is some thought of rollovers after having gone 2 weeks with no expiring positions to even consider.

While there aren’t many for next week either, especially by month closing standards, at least there’s some possibility of rollovers or assignment.

That would be nice, as 2016 hasn’t had much to cheer about and we could all use some good cheer at the moment.

Here’s to next week.


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:  GDX ($22.50 6/17/2016), GDX ($25 9/16/2016), NEM ($35 9/16/2016)

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   BP (2/10 $0.595), IP (2/11 $0.44), MRO (2/12 $0.05), MAT (2/12 $0.38)

Ex-dividend Positions Next Week:  AZN (2/17 $0.30)

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.