This week was a real chop-fest but most of my positions held their own. I had a few positions make it through earnings, the big winner being $AIRM. The $EWW position has continued to impress, a nice steady climb this week back to mid-May highs. The $SOHU position continues to struggle but has spent the week churning and is ending up where it did last Friday (this is good, premium in the short Strangle decays some more).
Positions that I exited this week that I held from prior week(s) were: $BAC $GAME $V. The newly added position that survived the week is:
- $IBM — I am short the August 190 & 185 Puts (1/2 size each, a Put Ladder) with a 2.42 cushion overall (hedge stock gains minus the net on Options)
As usual I have a fair amount of August Options that are up for expiration next Friday so it will be an active week for me. I have several trades that have capped gains so will adjust to September options or let them be called away. The $Z has really been volatile and although I am capped there, I will sit tight until later next week to see if it can base some (extended).
Here is the Summary: