The Fab 5 update – 08/17/2013

I only made one trade in the Fab 5 this week and that was to close the $N options position myself. This was for a gain of $3.60 for August. I have elected to keep $N in the list of candidates, to revisit for another shot at the $100 Roll.

The $PCYC position was called away (long stock, covered calls as part of Collar) earlier in the week (I thought this might happen) so that position was closed for me. It had Complete status so I was ok with this outcome, a nice gain there. The remaining August 100/90 Put Spread expired worthless.

The $PII position was called away today (long stock, covered calls as part of Collar) so I have another empty slot to fill. It had Complete status so I am also ok with that outcome. The remaining August 100 Puts expired worthless.

So with all this activity I am left with 3 empty slots to fill. The remaining positions are: $FLT $VRX

$TSLA position remains but is not a member of the Fab 5. It continues to hold up well so I have left the position on since it has September options as part of the trade.

Here is the Summary:

08172013Fab 5 candidates:

  • $AMP
  • $ASML
  • $TMO
  • $LLL
  • $ECL
  • $HUM
  • $APC
  • $N

 

 

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