Fourteen
winners, zero losers for the March option cycle. When the stock
market goes straight up, I will tend to underperform. I am glad for
the many small profits. BA and LGF had strong run ups. My short
strangles (selling the calls and the puts) all worked out.
So
why the A- and not A or A+? Because I lagged the indexes, and because
there were opportunities for some home runs in Boeing and Lions Gate
that I did not take advantage of. I have been trading LGF for a full
year now, was still reluctant to play this rally even in a small way.
The secure thought is that if I can keep grading out at A-, it is
going to be a fine year.
I am getting slightly better at profiting during extended bull moves. I am letting go of the idea of getting in at the low tick and am happy if I am in on a decent day or within a day or two.
Long
BA BRKB IWM LGF PG SPY
Net
neutral APC KORS
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