Update: November 7, 2016

| November 7, 2016

November 7, 2016

 

Portfolio Update

This is a huge week.  The election is tomorrow, and finally, after 2 years of double speak, we’ll elect a new president.  Here’s the thing, the markets are afraid of Trump.  He’s an unknown as a politician… and as the polls have tightened, the winner is no longer a foregone conclusion.

If Clinton wins, biotech and healthcare stocks will suffer, but it could also provide a boost for infrastructure stocks.

A Trump win, and all bets are off, market volatility will be the name of the game.

Let’s take a look at some portfolio highlights…

 

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.
  • Antero Resources (AR) November 25 Puts – The stock finally dipped on the market selloff and we’re now below 25 and quickly heading lower.  The option is starting to move… sit tight.

 

  • Health Care Select SPDR ETF (XLV) December 71 Puts – All the market uncertainty has paved the way for these puts to perform… Thursday we hit an intraday high of $5.37 on the puts for a 246% gain!  We hit the conservative profit point so make sure to take some profits.

 

  • iShares iBoxx High Yield Corporate Bond ETF (HYG) December 87 Puts – With the Fed failing to take action, our HYG puts jumped in value… we’re now up 66% on the trade.

 

Category: AOA Updates

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