Summary:
Another week near the break-even line, this time slightly positive. As earnings wind down and I continue sideways I feel I should go on vacation.
I only made two trades this week: added some RICK at 22.50 and sold some covered KBH July 15 puts. Not a huge premium on the latter but don’t thing KBH will go down that far.
I suppose I have only myself to blame for the lack of excitement. Some of the things I was into before such as dry-bulkers have been bouncing around alot. I guess if I want more excitement I could move into those. But that’s not a good reason to trade.
Positions:
Long: ACY AHR ALSWF ANH CHNG CNEH EPMWF GA GREXF MDNNF MEAOF MLKKF NLY NRF QADMF RICK SGTI SNEN XSI.
Short: GCI KBH MEG MNI TOL.
Options Long:
Calls Short: NRF Jun 12.5.
Puts Short: ANH Jul 10; CMO Jun 12.5, Aug 12.5; KBH Jun 20, July 15; LEN Jun 17.5; MFA Jul 10; NLY Jul 20, Oct 17.5; NRF Jun 7.5, Oct 7.5.
Cash: 5.2%
Short Pct: 10.5%
Read:
Stocks Researched:
Positions most worried about: .
Positions most sanguine about:
Biggest market worries: I die of boredom.
Thinking about:
Outlook ( up-flat-down surety rating: 1-5 reasoning):
US: flat-down, 2.0; still not out of the soup.
Tech: ??
China: up, 3.0; strong economy and has fallen alot.
Silver: flat s/t, 2.0, price action; l/t up, 1.0, industrial demand, but price rises.
Gold: who knows? has risen alot.
Copper: flat-up, 2.0. China demand.
Zinc: flat, 2.0. Stocks stabilizing.
Real life: finally gave in to a cold on Wednesday and Thursday. Spent Friday-Sunday at RailConf in Portland.
Weekly sleep and exercise: not much exercise. Sleep decent.
Mood: a little impatient
