Position Updates – 08/02/2013

This week was thick with earnings and economic data releases – and it appears the markets survived surprisingly well. I have 5 newly added positions in my regular accounts:

  • $AEGR
  • $GAME (“to fade” play)
  • $NSM
  • $POT
  • $V

I also have 2 new earnings trades put on this week (see earlier Blog post from today for details): $WFM and $MELI.

As is usually the case, I made several adjustments to existing positions and those are noted by the color on the Strategy column. $AEGR was initially a short stock position – then I added a Bear Collar to protect it. The trade then morphed into a regular Risk Reversal trade and I did a post here about that. I closed the $BEAT trade this week. The adjustment in $Z was due to the short Calls being so far ITM that I needed to give myself more room above.

$SOHU is the biggest loser for me so far but I sold some significant premium this week to soften the blow. I made an adjustment in the $NUS position out to September Option chain, after the nice earnings move.

Here is the Summary:



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