Update: July 24, 2017

| July 24, 2017

July 24, 2017

 

Portfolio Update

It’s summertime… and market volumes are light.

Because of the light volumes, we’ll see rapid moves in the market sometimes… so take profits quickly and cut losses quickly too.  

Fast approaching is the September and October time of year (we’re about six weeks away).  If we get a big break lower, it normally occurs during these two months.  

We’ll start preparing for that possibility soon.  

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…  Remember, we hold these two options to protect us from a market downdraft.  Keep holding.
  • OI… We’re holding tight, in the money now.  We’re up 71% … keep holding for bigger gains!
  • SBUX… I’m not liking what I’m seeing with the stock… I’d exit this trade to conserve capital.
  • CCL & NCLH… We’re in the money on both trades, and up nicely.  Hold for a few weeks more… if we get a new run higher, our gains could really accelerate!  But, watch these closely… if the trade breaks down, exit before giving up all of your profits!
  • NRG…  I don’t think we could have timed this trade better.  Just a few days ago, the company announced a major transition plan, and the market loved the move.  The stock is up to $24.50 as I write this… Our options are up over 404%!  Take your profits NOW!  Only hyper aggressive traders should continue holding these.
  • CNP… This stock just moved into the money!  Hold tight as any move higher will propel our options value!
  • JPM & WFC… Not much movement out of our newest trades… hold tight for now.

 

Category: AOA Updates

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