Update: April 25, 2017

| April 25, 2017

April 25, 2017

 

Portfolio Update

Hi everyone, sorry for the delay, I was traveling yesterday and couldn’t get this update out in time.

The market hit a low of 20,400 just a few days ago…. then rallied a bit.  Yesterday’s move was quite amazing!

Is the fall over?

Only time will tell.  We continue to see market swings based on tweets and comments from the White House.  The latest topic of discussion… tax reform, and now the government budget is in play. 

This reminds me of two 8 year olds arguing about how to waste their money on candy!

It’s the biggest thing to them… and honestly, I could care less.  What ever happened to the great compromise in Congress?

Regardless, we can make money from the markets.

Let’s look at the portfolio.

 

Portfolio Highlights

Just a quick note:  We won’t update every open position every update.  I try to focus on the positions that have some significant news or price movement.

  • TIF May 19 $85 Calls… This stock has pulled back, and our options are still well in the money.  Only the most aggressive traders should be holding on. Take your profits soon!
  • MT June 16 $10 Calls… This stock hit the conservative exit point a few days back… unless you’re an aggressive trader, you should be out of this trade.
  • The bank trades:  JPM, C, and BT… These were all up nicely yesterday after being beaten down for a while.  There is still time with the options, so hold tight.
  • KBH and BZH… Our protective puts are holding steady… if this recent market shift fails, we could see these options really run!  
  • F & GM…  These protective puts could be worth a great deal if we get the ‘sell in May and go away’ trade that happens most years… hold tight for now!

 

Category: AOA Updates

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