Update: August 7, 2017

| August 7, 2017

August 7, 2017


Portfolio Update


The summer is HOT…. it’s supposed to be hot here in Phoenix (110 on Wednesday!).  But do you know what’s hotter than Phoenix in August?

This market!

In just the last two weeks, we’ve surged from 21,600 to over 22,000!  This latest surge has been well received by the market and is holding strong.  Record high after record high is falling by the wayside.

Why the summer surge?

First, Washington is on break… so they can’t mess too much up.  Second, volumes are light, so buying activity has an oversized impact.  Third, the economy is strong.  Building is happening at full speed.  Consumer confidence is growing and economic activity is surging!

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.

  • F & GM… Time to exit these protective puts… if there’s any value left in your options, go ahead and sell to pull your money off the table.  This trade gave us insurance for the last few months… we’ll look for more insurance later.
  • OI… This option expires soon… time to exit the trade and bank our profits!  
  • CCL & NCLH… We’re still in the money on both trades.  Keep holding tight… but don’t let these fall below the strike price… exit quickly if you see any weakness.
  • CNP… This stock is moving in the right direction… hold tight!
  • JPM & WFC… WFC is down a bit, JPM is up a bit.  Hold tight to both for now.
  • WMT… We’re up a tad on the trade… hold tight for now.
  • TGT… We had a nice rally in this stock, and we’re showing a fast profit!  Keep holding tight.


Category: AOA Updates