I took 2 more positions on the bearish market and closed out others which didn’t turn out well. The market made a pullback up when crude prices dropped and some positve news from the finance market gave a breather to the downside move. Even so, ABT which was a bullish position didn’t perform on the bullish pullback and I had to close it out for a small loss. ALL was my only winner but the winnings was capped by the turnaround in the market. Oh well, so is the market.
Next week, I have a couple of positions that is waiting to be triggered but since earnings are still coming out, we will have to watch how it goes.
Closed Positions:
Stock Entry Str Ent Pr Exit Exit Pr Unit P&L
ALTR 6/23 Sep 22.5 PUT 1.85 7/7 3.10 1 125
MMM 6/17 Jul 75 PUT 1.9 7/7 5.05 1 315
PG 7/7 AUG 62.5 PUT 1.8 7/9 1.00 2 -160
MCD 7/7 AUG 45 PUT 1.4 7/9 0.85 1 -55
VZ 7/7 AUG 35 PUT 1.7 7/11 1.75 2 10
MMM 7/9 AUG 70 PUT 2.8 7/14 3.00 1 20
ALL 7/7 AUG 45 PUT 1.5 7/16 2.50 2 200
CHKP 7/11 AUG 22.5 PUT 0.8 7/16 0.55 2 -50
ADBE 7/14 AUG 37.5 PUT 1.3 7/16 0.80 1 -50
ABT 7/14 AUG 57.5 Call 1.7 7/17 1.60 1 -10
PL +345.00
Open Positions:
Stock Entry Str EntPr Close Unit P&L
VRSN 7/14 AUG 35 PUT 2.05 2.10 1 5
SLB 7/15 AUG 100-95 2.5 2.00 1 -50
Unrealized PL -45.00
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