Jan 4 #Fuzzy
All Fuzzies are managed for the week and new ones added, including a new category I call “Lazy River Fuzzies.” I mentioned a couple weeks ago that I was scanning stocks with a weekly ATR of less than 2 in an effort to avoid a lot of the debit roll/chasing drama. My single test, CMCSA, has worked great, so added a second one today, MNST. The Lazy Rivers are cheaper to put on, have less hedge premium (lower volatility), but hopefully are more “set and forget.” I did a successful round of SPY naked put #Bitty this week….but you know…..I think fuzzies are better than bitties, so instead of setting new SPY Bitties, I have set SPY Fuzzies in all my accounts.
1. CSX Closed Down for net $1300…lots of debit rolls on this and earnings next week. It was a great #fallingknife suggestion
2. LMT-1 Debit Roll BTC Jan 5 322.5 for 2.15 STO Jan 18 325 c for 2.51
3. LMT-2 ditto
4. JPM Closed Down for net $3230.00. This was my very first Fuzzy! Earnings next week. Will reset after earnings release.
5. IWM BTC Jan 5 154 c for .96, STO Jan 12 155 c for .89
6. CMCSA (Lazy River) BTC Jan 5 41 c for .07, STO Jan 12 40.5c for .45
7. MCD BTC Jan 5 172.5 c for 1.50, STO Jan 19 175 c for 1.22
New Fuzzies:
1. EXAS (earlier this week) Apr 50/50/45 for 6.15 Jan 12 55 c -1.35 (ITM now)
2. SPY 1, 2, 3, 4 Jun 272/272/268 7.00 Jan 12 273 -.61 (going tighter on these puts)
3. MNST (Lazy River) Jun 60/60/55 5.13 Jan 12 64c -.50

I’ll do a stats recap tomorrow. A huge amount of fuzzies this week were debit rolls, so basis reduction is moving down ever so slowly, but unrealized profits with the purchase of upside allowance had added up nicely.