Weekly Update: November 28, 2016

| November 28, 2016

Weekly Update:  November 28, 2016

  

What To Watch

I hope everyone had a great Thanksgiving holiday.

Black Friday is off with a bang, and the holiday shopping season is now in full swing.  The early indications are it’s going to be a strong sales season!

The market is now above 19,000 and the Tump rally continues.  I’m expecting this market to keep moving higher.  We’ll play the move until we see it change direction.

The year end will be a good time to get positioned for the New Year.  Expect new trades out next week, so keep an eye on your email.

 

Portfolio Recap

Position #1: Procter & Gamble Company (PG) Jan 20th $87.50 Calls

Price Paid: $1.45

Time Until Expiration: 57 days

This week PG trended lower and the stock looked soft… still lots of time on this option so hold tight.

 

Position #2: Dicks Sporting Goods  (DKS) Jan 20th   $60 Calls

Price Paid: $2.15

Time Until Expiration: 57 days

DKS took a dip right after we made our trade, and the stock has started to climb back to original levels.  We still have lots of time on this option.

 

Category: OTW Weekly Updates