Last week OMC was bought back with profit. It is the first week without having options in the market since 2 years or so and feels comfortable.
GD; GILD, TGT and TM reached their first targets and i took money out by closing 25-30 % of my initial position.
In January 2017 i had more than 90 put options in the market and i sold more and more in the first half of 2017. Naked put options are very dangerous once the market turns. Their prices explode and you are in trouble. Although market is making one ATH after another, i reduced my options position significantly. Next week i am planning to sell some options on EXC and GE but will stay away from selling huge numbers of options in 2018.
Although QQQ, SPY and IWM close on fresh new highs, the bond markets (TLT, TLH) seem to turn down, which means that yields will rise (Bonds down, Yields up). This can cause pressure on the stock market but in the “new normal” mode of this century anything can happen at any time. Time will tell the story.