Week In Review – October 17 – 21, 2016


Option to Profit

Week in Review

October 17 –  21, 2016

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Weekly Up to Date Performance

October 17 – 21, 2016

This was another one of those weeks in which I had no idea what the week was all about, but I still think that something is brewing.

I said that last week, too.

The difference was that for me it was easy to know whether to be pleased or displeased this week.

More or less.

For the most part, I was pleased.

I was pleased to have made an opening position trade and pleased to be able to turn that back into cash by the end of the week.

That one new position ended the week 1.8% higher, which was 1.4% higher than both the adjusted and unadjusted S&P 500.

The S&P 500 itself was up 0.4% for the week.

I was also pleased with all of the trading that I was able to get done, as well as how existing positions were able to finish 0.9% higher than the S&P 500 for the week.

What I wasn’t too happy about were the positions that expired and now need to have new calls sold on them.

A week ago I though most if not all would either get assigned or be rolled over.

So much for that.

With another assignment this week, there are now 24 closed positions. They will forever be forever overshadowed by MolyCorp, when I look at their performance on the year, but as a group without MolyCorp, those positions have done very well versus the S&P 500. There just are too few of them for 2016.

There really wasn’t much news this week.

What there was happened to be mixed and there was also a tendency to overblow both the good and the bad when it came to earnings.

For my part, i was a happy camper.

There were rollovers, new short positions opened, an assignment and a dividend.

The cash flow was better this week and the account wasn’t drained.

Next week is another big earnings week and I’m hoping to do more of the same as this week.

I don’t mind opening any new positions and I wouldn’t mind selling more calls.

However, with 4 ex-dividend positions on the week, the same urgency isn’t there to generate income as it may have been on other weeks that had no positions available for rollover.

So I may sit back next week more than was the case this week.

However, I thoroughly enjoyed this week, which hasn’t been the case very often, even as 2016 is shaping up to have been a very good 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:  MRO puts

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:  IP (11/20)

Calls Rolled Up, taking net profits into same cyclenone


Put contracts expired: MRO $14

Put contracts rolled over: MRO $15

Long term call contracts sold:  none

Calls Assigned:  none

Calls Expired:  BMY, CY, HPQ, WY

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    FAST (10/21 $0.30)

Ex-dividend Positions Next Week:  F (10/25 $0.15), KMI (10/28 $0.125), MS (10/27 $0.20), WY (10/26 $0.31)

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.