Option to Profit
Week in Review
NOVEMBER 30 – DECEMBER 4, 2015
| NEW POSITIONS/STO | NEW STO | ROLLOVERS | CALLS ASSIGNED/PUTS EXPIRED | CALLS EXPIRED/PUTS ASSIGNED | CLOSED | EX-DIVIDEND |
| 3 / 3 | 1 | 6 | 0 / 0 | 0 / 0 | 0 | 6 |
Weekly Up to Date Performance
November 30 – December 4, 2015
What a week.
There was barely any change for the week, but what a week.
Even though the market should have waited until Friday to make any kind of statement, it was busy talking all week, but out of both sides of its mouth.
There were 3 new positions for the week and they beat both the adjusted and unadjusted S&P 500 by 1.5%
Those positions were up 1.5% while the S&P 500 was unchanged, despite all of the drama.
The weakness in energy and commodities continued and that weighed again on portfolios with over-exposure, such as my own, as the full OTP portfolio lagged the market for the week.
For the year the 74 closed lots in 2015 continue to outperform the market. They are an average of 4.6% higher, while the comparable time adjusted S&P 500 average performance has been 1.1% higher. That difference represents a 327.1% performance differential.
This week there was only one big story and it came at the end of the week, although there were plenty of clues about what’s likely to happen next week.
What there was little of was consistency over how the market reacted to any news or comments from Federal reserve Governors over the course of the week and the market went up and down in big swaths for little if any reason.
No matter.
What we’ll find out next week is whether the expected interest rate hike will be the news and this Friday’s close was the rumor.
Otherwise, even though the S&P 500 didn’t budge, it was a really good week, except for the fact that there were no assignments and the portfolio didn’t keep up even with a net flat market.
What was good was all of the trading and all of the income generation and all of the dividends.
I have little money to spend next week, but at least there are stocks populating the week for potential rollovers and there again lots of ex-dividend positions.
Another thing that I liked this week is that the existing positions are again getting better diversified in terms of their expirations.
That can be helpful when the market is really undecided in what it’s going to do.
Next week may be a big one and I’m not certain if I really want to commit any new funds, especially after a nearly 400 point move higher, but stranger things have happened.
Like a nearly 400 point move higher.
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: BAC, BBBY, COH
Puts Closed in order to take profits: none
Calls Rolled over, taking profits, into the next weekly cycle: BAC, BBBY
Calls Rolled over, taking profits, into extended weekly cycle: BAC (1/8/16), COH (12/24), IP (12/31)
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: BBY
Put contracts expired: none
Put contracts rolled over: STX
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: HAL (12/1 $0.18), MOS (12/1 $0.28), HFC (12/2 $0.33), COH (12/2 $0.34), BAC (12/2 $0.05), WMT (12/2 $0.49)
Ex-dividend Positions Next Week: KSS (12/7 $0.45), HPE (12/7 $0.06), HPQ (12/7 $0.12), BBY (12/8 $0.23), NEM (12/9 $0.025), M (12/11 $0.36)
For the coming week the existing positions have lots that still require the sale of contracts: AGQ, ANF, AZN, BBY, CHK, CLF, COH, CY, FAST, FCX, GDX, GPS, HAL, JCP, JOY, KMI, KSS, LVS, MCPIQ, MOS, NEM, RIG, WFM, WLTGQ (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.
