Weekly Update: November 14, 2016

| November 14, 2016

Weekly Update:  November 14, 2016


What To Watch

On to the markets…

What a wild ride it’s been over the last week.

After the election, global markets plummeted, sending the Dow futures down over 800 points… only to snap back and rally over the next few days.

I believe the markets were more upset over Clinton losing the election… more than Trump winning.

The volatility will continue for a time as the market digests the idea of a Trump Presidency and Cabinet.

Expect Banks, Pharmaceuticals, and Drug companies to do well in the coming months.

Expect volatility to continue!

Let’s take a look at our positions.  


Portfolio Recap

Position #1: JPMorgan Chase (JPM) November 67.5 Calls

Price Paid: $1.20

Time Until Expiration: 5 days

JPM rallied big on the market pull higher… JPM jumped up to over $76.50.  This pushed peak values in our options trades to over $9.34 – That’s a 678% winner!  If you haven’t already, exit this trade and buy yourself something nice with the profits!


Position #2: Oracle (ORCL) November 38 Calls

Price Paid: $0.70

Time Until Expiration: 5 days

ORCL spiked on the market rally this week and touched $40… With so little time left in the options, exit and take your profits! Peak gains so far are 186%!


Position #3: Deer & Co (DE) November 88 Calls

Price Paid: $0.70

Time Until Expiration: 5 days

This week DE spiked higher… over $92!  This shot the value of the option through the roof.  We hit both exit points, and with just 5 days left, exit this trade when you get a chance… if you haven’t already.  Peak gains so far are 325%!


Position #4: Procter & Gamble Company (PG) Jan 20th $87.50 Calls

Price Paid: $1.45

Time Until Expiration: 71 days

This week PG options spiked with the rest of the market.  Tuesday prices on the option surged to $2.30, pushing our return to 45%.  We still have lots of time on these… so continue to hold.


Category: OTW Weekly Updates