Wednesday’s Agenda

I shall be analyzing WBA as a potential earnings play.

I also intend to begin closing out my options positions expiring Jan. 20. The symbols from which I’ll be making exit decisions are CSX, PAY, SPX, FNSR, FXI, GS, IBM, MU, XLF and XLU.

(I published no analysis for XLF; the trade is an iron fly, short the $23 calls and puts and long the $25 calls and $21 puts, all of the the JAN options series, with a net credit premium of $103 entered into on Dec. 7, 2016 with the stock at $23.41. I’ll post and update a skeleton analysis (as above) with results at exit.)

By Tim Bovee, Portland, Oregon, Jan. 4, 2017