This Week’s Low Cost Put Hedge New Selections
There are two new selections this week – UTX and SWKS
Current Open Selections
| Market Posture: | Bullish | VIX–> | 13.22 | Neutral | ||||||
| Prices Are Monday’s Opening Prices | ||||||||||
| # Of | Stock | S-Put | L-Put | Credit | A-Put | A-Put | A-Put | Approx | Approx | |
| Stock | Weeks | Price | Strike | Strike | Spread | Ex. Date | Strike | Debit | Div Date | Dividend |
| MSFT | 6 | $98.70 | 99.0 | 98.0 | $0.45 | 07/20/18 | 95.0 | $4.45 | None | $0.00 |
| CVX | 6 | $122.04 | 122.0 | 120.0 | $0.68 | 07/20/18 | 120.0 | $4.40 | 05/17/18 | $1.12 |
| MCD | 5 | $161.96 | 162.5 | 160.0 | $1.65 | 07/20/18 | 165.0 | $4.65 | 06/01/18 | $1.01 |
| XLE | 4 | $74.53 | 74.5 | 73.5 | $0.36 | 07/20/18 | 175.0 | $2.43 | None | $0.00 |
| LULU | 3 | $107.03 | 107.0 | 105.0 | $0.86 | 09/21/18 | 100.0 | $8.45 | None | $0.00 |
| HSY | 2 | $92.12 | 92.0 | 91.0 | $0.34 | 08/17/18 | 95.0 | $5.30 | None | $0.00 |
| PYPL | 2 | $80.87 | 81.0 | 79.5 | $0.56 | 08/17/18 | 82.5 | $4.85 | None | $0.00 |
| SWKS | 1 | $100.02 | 100.0 | 98.5 | $0.52 | 08/17/18 | 100.0 | $5.30 | None | $0.00 |
| UTX | 1 | $126.48 | 127.0 | 125.0 | $0.77 | 08/17/18 | 125.0 | $3.50 | None | $0.00 |
Model Portfolio – Track Record
The performance figures for the Model Portfolio are based on a hypothetical bank roll of $100,000. Dividends and transaction costs are not included in the calculations. The anchor put debit/credits are included in the results once the position is closed.
| S&P: | 01/26/18 | 2872.87 | Dollar Profit/Loss = Stock Price Friday – Adjusted Stock Price + (Anchor | |||||||||
| S&P: | 05/26/18 | 2721.33 | Close Credit – Anchor Open Debit) When The Position Is Closed** | |||||||||
| S&P Points Gain/Loss: | -151.54 | |||||||||||
| S&P % Gain/Loss: | -5.3% | Adjusted Stock Price = Open Stock Price – Total Spread Profit / Loss | ||||||||||
| Risk Capital: | $100,000 | |||||||||||
| Put Hedge Total P/L: | -$2,193 | *Spread Losses Occur When The Stock’s Friday Close Is Below | ||||||||||
| Hedge Total % Return: | -2.2% | The Short Put Strike Price | ||||||||||
| # Of Weeks: | 16 | |||||||||||
| Hedge To S&P P/L Ratio: | 2.2 | :1 | **Anchor Put – Debit/Credits Included In P/L Calculations Only When | |||||||||
| Win % – Adjusted Prices: | 40.7% | Positions Are Closed | ||||||||||
| Transaction Costs & Dividends Not Included | ||||||||||||
| Open | Open | Anchor | Anchor | Total | Adjust | Close | Stock | Anchor | Dollar | % | Anchor | |
| Date | Stock | Put | Open | Spread | Stock | Date | Price | Close | Profit | Profit | Exp | |
| Stock | Monday | Price | Strike | Debit | Profit / Loss | Price | Friday | Friday | Credit | Loss | Loss | Date |
| CELG | 01/29/18 | $105.23 | 105.0 | $5.50 | -$0.59 | $105.82 | 02/16/18 | $95.26 | $10.40 | -$5.66 | -5.4% | 04/20/18 |
| GILD | 01/29/18 | $87.82 | 87.5 | $4.50 | $0.43 | $87.39 | 04/06/18 | $73.41 | $14.27 | -$4.21 | -4.8% | 04/20/18 |
| SLB | 01/29/18 | $77.18 | 77.0 | $1.72 | -$2.19 | $79.37 | 02/16/18 | $66.28 | $10.20 | -$4.61 | -6.0% | 04/20/18 |
| EA | 01/29/18 | $116.12 | 115.0 | $4.60 | -$1.62 | $117.74 | 04/20/18 | $120.89 | $0.00 | -$1.45 | -1.2% | 04/20/18 |
| ADSK | 01/29/18 | $117.84 | 115.0 | $5.80 | -$2.59 | $120.43 | 05/11/18 | $136.21 | $0.00 | $9.98 | 8.5% | 04/20/18 |
| WDC | 01/29/18 | $89.33 | 90.0 | $5.50 | -$3.32 | $92.65 | 05/04/18 | $80.88 | $12.75 | -$4.52 | -5.1% | 05/25/18 |
| PEP | 02/05/18 | $118.24 | 120.0 | $4.35 | -$1.12 | $119.36 | 02/09/18 | $111.18 | $7.35 | -$5.18 | -4.4% | 04/20/18 |
| XOM | 02/05/18 | $82.98 | 82.5 | $2.75 | -$1.21 | $84.19 | 02/16/18 | $76.54 | $6.15 | -$4.25 | -5.1% | 04/20/18 |
| DECK | 02/12/18 | $93.90 | 92.5 | $5.15 | $2.11 | $91.79 | 04/20/18 | $89.00 | $3.50 | -$4.44 | -4.7% | 04/20/18 |
| NOW | 02/19/18 | $154.18 | 155.0 | $7.40 | -$0.55 | $154.73 | 05/18/18 | $173.94 | $0.00 | $11.81 | 7.7% | 04/20/18 |
| WDAY | 02/19/18 | $125.25 | 125.0 | $7.53 | -$1.81 | $127.06 | 05/04/18 | $130.05 | $0.00 | -$4.54 | -3.6% | 04/20/18 |
| JPM | 02/26/18 | $117.90 | 120.0 | $5.10 | -$3.54 | $121.44 | 03/23/18 | $107.01 | $13.60 | -$5.93 | -5.0% | 04/20/18 |
| SWKS | 03/05/18 | $109.14 | 110.0 | $6.70 | -$4.32 | $113.46 | 04/06/18 | $95.56 | $14.70 | -$9.90 | -9.1% | 05/18/18 |
| ATHN | 03/26/18 | $139.00 | 140.0 | $6.70 | $3.03 | $135.97 | 04/20/18 | $146.07 | $5.80 | $9.20 | 6.6% | 06/15/18 |
| AMT | 04/02/18 | $146.40 | 145.0 | $4.18 | -$2.44 | $148.84 | 04/13/18 | $138.90 | $7.30 | -$6.82 | -4.7% | 05/18/18 |
| TLT | 04/09/18 | $120.67 | 120.0 | $2.47 | $0.53 | $120.14 | 05/18/18 | $117.21 | $2.79 | -$2.61 | -2.2% | 05/18/18 |
| PG | 04/16/18 | $78.28 | 77.5 | $2.70 | -$1.17 | $79.45 | 05/04/18 | $72.43 | $5.75 | -$3.97 | -5.1% | 07/20/18 |
| MSFT | 04/23/18 | $95.36 | 95.0 | $4.45 | $1.12 | $94.24 | $98.36 | $4.12 | 4.3% | 07/20/18 | ||
| CVX | 04/23/18 | $122.40 | 120.0 | $4.00 | $0.30 | $122.10 | $122.19 | $0.09 | 0.1% | 07/20/18 | ||
| MCD | 04/30/18 | $166.00 | 165.0 | $4.65 | -$0.48 | $166.48 | $163.21 | -$3.27 | -2.0% | 07/20/18 | ||
| XLE | 05/07/18 | $75.33 | 75.0 | $2.43 | $0.65 | $74.68 | $74.58 | -$0.10 | -0.1% | 07/20/18 | ||
| ALXN | 05/07/18 | $117.46 | 115.0 | $5.90 | $0.42 | $117.04 | 05/25/18 | $117.74 | $7.35 | $2.15 | 1.8% | 07/20/18 |
| LULU | 05/14/18 | $98.68 | 100.0 | $8.45 | $2.01 | $96.67 | $106.18 | $9.51 | 9.6% | 09/21/18 | ||
| HSY | 05/21/18 | $92.50 | 95.0 | $5.30 | $1.15 | $91.35 | $92.03 | $0.68 | 0.7% | 08/17/18 | ||
| PYPL | 05/21/18 | $81.35 | 82.5 | $4.85 | $1.09 | $80.26 | $80.96 | $0.70 | 0.9% | 08/17/18 | ||
| SWKS | 05/29/18 | $100.02 | 100.0 | $5.30 | $0.52 | $99.50 | $100.02 | $0.52 | 0.5% | 08/17/18 | ||
| UTX | 05/29/18 | $126.48 | 125.0 | $3.50 | $0.77 | $125.71 | $126.48 | $0.77 | 0.6% | 08/17/18 | ||