Update: March 27, 2017

| March 27, 2017

March 27, 2017

 

Portfolio Update

At our last update, we had a small pullback in the Trump rally.  Unfortunately, that downtrend has continued… we’re now at Day 8 of consecutive losses in the market.

It’s not a good sign.

The recent Fed hike, and the subsequent fail by the President to put together any meaningful healthcare overhaul, has put a big damper on the rally.

Could this be the start of something bigger… Maybe… So next week we’ll roll out some protective puts across the board in the service.

But for now, we have a few bright spots in 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 trade has been a big winner for us over the last few weeks.  We’re up over 377% on the trade!  Isn’t it great when you see a strong trade do exactly what you expected!  Here’s the thing… we still have tons of time on these options.  So, if you still hold these options, sell a few to take some money off the table… and let the others run… we might see these options really soar!
  • MON April 21 $115 Calls… Monsanto has been climbing back to the $114 level for a few days now… watch these close, as if we do get a move higher in the stock, we can quickly be “in the money!”
  • Bank stocks… We rolled out three trades here… JPM, C, and BK to capture the upside of bank stocks.  We haven’t seen the move yet, but give it time… we still have a few weeks.
  • Both GM and F hit the first conservative exit point… The lengthy weakness in the markets was unexpected.  If you’re an aggressive trader, hold tight for a potential snap-back rally!

 

Category: AOA Updates

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