A
trending market is bad for hedgers. This week had five down days, and
my account balance moved lower. Many of the trades I added performed poorly, or did not help much
against the strong downtrend:
Fri
buy SPY vertical put debit spread @180.3 @2.00 @1.07
buy
SPY Apr 169 puts, sell SPY Apr 161 puts. This gives some modest
protection against a stock market free fall.
Sell AMGN Feb 130 calls @120.3, hedge
The
AMGN breakout turned into a fake out. I hedge my short puts by
selling calls.
==
Thu
sell SPY backratio buy Mar 168 puts sell 2x Mar 165 puts @183.0 for a credit
Sell
BRKB Feb 120 calls to hedge @114.0
Sell
BRKB Mar 120 calls to hedge @113.8
==
Wed
sell XOP Feb 64 puts @68.8 rebalance
Sell
AMGN Mar 105 puts @123.6 adding longs on a breakout
==
Tue
Sell VRX Feb 110 puts @137.4
==
Position
summary:
net
short TLT
net
long AMBA AMGN ASH BA GS IWM
net
long KORS BRKB GLD OXY SPY XOP XRT
long
DAL LGF MRK PG TM WFC
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