16-1 for November, also roll XOP XRT put sales

Sixteen winners, one loser for the November cycle. Again, before new readers get too excited, almost all of these were high probability, low reward trades. The trader taking the other side was hoping for a 10-to-1 payoff for buying such risky options.
 

I have another positive month. It may seem like child's play to trade a mostly up market. However it is tempting to out think the room and try to be the hero and call the top.

I also sell puts on XOP XRT.

Sell XOP Dec 60 puts

Sell XRT Dec 81 puts

This is the Oil Exploration ETF (XOP) and the Retail ETF (XRT). Both trades are way out of the money, very low reward, high probability of success (aka as worm trades).

Going forward I am:

Long BA BRKB GDX GILD IWM IYR

Long KORS M NSC WHR TM XOP XRT

Net long APC

Net neutral LGF