Stocks recorded another losing week last week. In my Market Forecast, I wrote:
"We will definitely get a feel from the financials, which could drive the broader market one way or the other. We have support at SPX 2000 and resistance at 2080."
Indeed, financials were very weak and dragged down the broader market. Things fell on Monday. Tuesday was a volatile day with a "head-fake" pop in the morning, only to close lower. Wednesday and Thursday were a struggle to hold below SPX 2000. Finally, on Friday, some buyers trickled in and the market saw a little bounce.
We had a busy week. Gold calls and energy puts gave us some nice profits. Here are the closed trades:
| GLD Feb 20 2015 Call 120.0 | $4.775 | $1,300.00 | 37.41% | 01/16/2015 |
| EOG Feb 20 2015 Call 87.5 | $6.175 | $1,050.00 | 20.49% | 01/16/2015 |
| VXX Jan 23 2015 Call 35.0 | $2.625 | $275.00 | 11.70% | 01/16/2015 |
| GILD Feb 20 2015 Put 100.0 | $5.225 | $-450.00 | -7.93% | 01/16/2015 |
| AMZN Jan 23 2015 Put 292.5 | $7.675 | $325.00 | 9.25% | 01/15/2015 |
| AMZN Jan 23 2015 Put 292.5 | $7.35 | $162.50 | 4.63% | 01/15/2015 |
| Z Feb 20 2015 Put 100.0 | $7.85 | $525.00 | 15.44% | 01/15/2015 |
| HLF Jan 17 2015 Put 32.5 | $2.065 | $-185.00 | -8.22% | 01/14/2015 |
| AMZN Jan 17 2015 Put 292.5 | $4.875 | $287.50 | 13.37% | 01/14/2015 |
| GS Jan 17 2015 Put 185.0 | $4.75 | $927.50 | 64.08% | 01/14/2015 |
| VLO Feb 20 2015 Put 47.5 | $3.975 | $705.00 | 21.56% | 01/14/2015 |
| VLO Feb 20 2015 Put 47.5 | $3.75 | $480.00 | 14.68% | 01/14/2015 |
| SCTY Feb 20 2015 Call 50.0 | $3.65 | $-75.00 | -2.01% | 01/13/2015 |
| BA Feb 20 2015 Call 130.0 | $3.825 | $-2,587.50 | -31.08% | 01/13/2015 |
| AAPL Feb 20 2015 Call 110.0 | $4.875 | $-1,425.00 | -22.62% | 01/13/2015 |
| V Jan 17 2015 Put 260.0 | $0.85 | $-3,700.00 | -81.32% | 01/13/2015 |
| GLD Jan 17 2015 Call 117.0 | $2.02 | $70.00 | 3.59% | 01/13/2015 |
| OXY Jan 17 2015 Put 75.0 | $1.03 | $-5.00 ... |
