Jan 16 #Fuzzy Land
This was a day about luck for me. I woke up with the thought that I really want to cut down tickers so I can have a stronger focus on fewer positions. The market opened strong, and I had a chance to close some fuzzies for nice profits. I closed CELG (my now oldest Fuzzy), MNST, ADSK, MCD, NVDA, BABA (BABA captured a quick $2150 profit before tanking, really lucky on that one), COST. My total net profit now on CLOSED fuzzies is $45,741 in about 5 weeks. That was the good news of the day.
I also opened the day pulling off hedges on all my SPY and QQQ Fuzzies. Of course, they were net debit to remove, and then the market had it’s little sell off. As the market was selling off I set up new non-hedged fuzzies in IWM and DIA and parked them with “blue sky” prices. I kind of lost track of them and the blue sky prices hit. So on IWM I have Feb 158/158/155 for 1.34 and in DIA Feb 259/259/256 for 2.00. So lots of index fuzzies right now with no hedges on. I also have a new non-hedged GLD fuzzy Feb 127/127/124 @ .72.

Fuzzy seniority now goes to MU as my oldest position.

CELG is a pretty good story about the power of fuzzies. That one was set with a $110 synthetic. Since setting it, the stock has fallen to a low of 101. I’ve kept it hedged constantly, sometimes with debit rolls, sometimes beautiful weekly profits. So despite CELG falling from $110 to the low 100’s I was able to net out $764 (on a 10-lot). And honestly, I didn’t do nearly as well as I could have. I’d give myself a C+ in managing it.

I have my very first Trader’s Almanac. Fun little book! It shows tomorrow (Wed) is the strongest day of the month, historically. If that ends up being the case, I’d like to peel back on some of the index fuzzies that I have.