Week in Review – May 16 – 20, 2016


Option to Profit

Week in Review


May 16 – 20, 2016


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Weekly Up to Date Performance

May 16 – 20, 2016

Unbelievable. Two consecutive weeks with some trades.

The market again had no clue of what it wanted this week, but at actually had some decent earnings news and did overcome the stress of the possibility of an interest rate hike in June.

There were no new positions opened this week as the S&P 500 ended the 3 week losing streak with a 0.3% gain.

While the market did gain a little, existing positions had a pretty decent week.

Those positions gained 0.7% on the week.

With 2 assignments on the week those positions closed in 2016 were 8.2% higher, while the comparable performance for the S&P 500 during the same holding periods has been 1.6% higher. That represents a 418.2% difference in return on closed positions. Unfortunately, though, even with 2 assignments this week, there are very few closed positions on the year.

There was again absolutely no theme to the week.


The market did just what it did last week. It either made no move at all, or really big moves.

Stocks did and didn’t really follow oil and they didn’t nercessarily follow retail earnings.

It seems that they were more concerned with what may be a rising price environment that could offer the FOMC reason to push their own rates higher.

When Friday was all said and done, the week ended a three week losing streak and brought may 2016’s option cycle to an end.

I was reasonably happy for the week, mostly because there were some rollovers, some assignments and one paltry ex-dividend position.

Unfortunately, there were also some positions that expired and aren’t contributing any income beginning on Monday.

With the assignments, though, there may be some more reason and ability to go and spend money.

Still, I’d rather put the laggards to work, even as there may be some bargain looking positions out there.

With no positions expiring next week and only 2 ex-dividend positions, I would definitely like to have an opportunity top generate some income, but I don’t feel like getting reckless.

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 (6/3)

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

Calls Rolled Over, taking profits, into a future monthly cycle:  CSCO (7/2016), FAST (9/2016)

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: CY, HPE

Calls Expired:  BBBY, M, STX

Puts Assig
:  none

Stock positions Closed to take profits:  none

Stock positions Closed to take losses: none

Calls Closed to Take Profits: none

Ex-dividend Positions  MRO (5/16 $0.05)

Ex-dividend Positions Next Week:  HFC (5/25 $0.33), IP (5/25 $0.44)

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.