Friday Wrap – Introducing Fun With Numbers
Posted by zmann on December 1, 2006
I thought I’d throw out a little casual performance data on Friday afternoons. It’s just too tedious to keep up with performance on individual options trades and unless you pulled the trigger at the exact same time as me or you’re my tax accountant you really don’t care. So here goes.
As you can see it was one heck of a bullish week for the energy stocks. Like I said on Monday, ‘m mostly staying away so only the “puts on stocks” above are where I have or had teeth in the game this week. I strongly considered calls on the first four names list in the “virtual gas trades” but they ran faster than I thought and in a couple of cases I was simply too cheap to play. The gassy stocks follow oil up and never retreated with gas as seen in the XNG’s strong performance.
And for all of the hubbub surrouding gas it gave back almost all of the early week gains after the
massive draw on Thursday.
Have a great weekend!