Weekly: calm after the storms

Relative calm returns to the markets, as the zombie bull continues to lurch slowly forward. Highlights include a new long position in MSFT, adding to longs in many existing positions, and hedging my position in BBY.

Fri I hedge my long position in Best Buy by selling calls. I add to longs in Union Pacific Railroad and United Healthcare.

Sell BBY Jan 42 c @35.5

Sell UNP Jan 105 p @119.3

Sell UNH Jan 92.5 p @99.8

Wed Add to longs in Nike, Sell strangles in Amgen:

Sell AMGN 190 c @167.5

Sell AMGN 145 p @167.5

Sell NKE Jan 87.5 p @98.0

Tue New long position in Microsoft and add to longs Federal Express and Nordstroms.

Sell FDX Jan 160 p @180.5

Sell JWN Jan 67.5 p @75.3

Sell MSFT Jan 44 p @48.4

Mon I open January positions on some of my existing longs

Sell HON Jan 87.5 p @97.5

Sell NKE Jan 87.5 p @97.8

Sell YHOO Jan 44 p @50.2

Sell ASH Jan 105 p @116.2
Sell ILMN Dec 172.5 p @189

Position Summary:

long BRKB DIS HON ILMN JWN MMM

long MSFT NKE UNH UNP VRX WHR YHOO

net long APC ASH BBY IWM TLT WHR

net neutral AMGN FDX GLD IWM SPY