Hello Investors,
We had a busy day today. We discussed relative strength/weakness by using an important market inflection point as the starting date. We discussed IPO and secondary offerings. We also made a variety of adjustments. The details are all shown below:
We bought 10 more shares of EFA at 62.55/share
We bought 32 more shares of BAC at 25.20/share
Sold BAC July 17th (monthly) 29.00 strike calls for +0.24 x 2 contracts
We sold CVX Aug 21st (monthly) 80.00 strike puts for +2.25 (must be willing to own 100 shares)
We sold DIS Aug 21st (monthly) 140.00 strike calls for +0.90 (used the income to buy 1 more share at 116.30)
We sold LB Aug 21st (monthly) 20.00 strike calls for +0.55
We bought 1 contract of the XLK Sep 18th (monthly) 102.00 strike put for -5.06 (gives us 2 contracts total now)
We sold 2 contracts of the XLK July 17th (monthly) 95.00 strike puts for +0.81
We have the following pending orders:
Attempting to sell 1 contract of the LB July 17th (monthly) 16.50 call for +0.65
Attempting to sell 1 contract of the DELL Aug 21st (monthly) 57.50 call for +0.65
Attempting to sell 1 contract of the DELL Aug 21st (monthly) 55.00 call for +1.15
Have a great week!