Back in the Saddle

The title reminded me of Blazing Saddles which was a film that brought me to my knees. If you have not seen it, and you are male, you must rent it immediately. Hilarious.

I'm back from a vacation that was not great. My mother in law is just an absolute abomination. Despicable woman. Cannot stand her. Everyone lets her get away with egregious behavior because "she won't ever change." Nobody disputes her faults, just modify YOUR behavior because she won't change. What horseshit. People change if they are motivated to do so. She has no motivation because her husband gave up his balls either on his wedding night or during the first week. And his real crime was not protecting his daughters from the emotional warfare waged by his lunatic wife. Guh. Well I'm done. She attempted to correct me on something and I unloaded on her. I hope to talk to her again very soon and will unload again and then, with any luck, that will be the last time I ever see or speak to her again.

Can't give enough mad props to Mark Roberts and his short call on Strayer Education. From $240 to $140 in the month of August. Just an outstanding short call.

I have been making hay with the CBOE weeklies. Primarily AAPL and GOOG. I had a very good week this past week on expiration. Pinning continues to take place and is to be taken advantage of. For whatever reason, CBOE decreased the number of stocks that they write weeklies on to 12 this past week. The current week, issued today, is back up to 13 with the newest member being NFLX. I think that they are alternating names to gauge volume from the customer. AAPL and GOOG and AMZN etc have been offered consistently and I think they are just trying to find a few more names where the volume will justify continued writing. Oh and the ETF and index contracts continue to remain fairly consistent from week to week.

I read three books while on vacation which is nice. The new Annie Lamont, Imperfect Birds, The new Carl Hiaasen and a mystery. All good but nothing outstanding. Read The Atlantic, multiple New Yorkers, Mother Jones and Barrons cover to cover. I never have time to do that much reading while at home and that was pure joy.

I am short AAPL 250 calls and puts, double position on puts single on calls, short GOOG 460 puts, double position and short 470 calls double position. I closed my GOOG 460 put short earlier today to take the gain and then have reentered. I will likely close the 470 call short as it is plus $1300 right now and look to short the 460 calls for tomorrow on the pin.