March 5th, 2017
Good Afternoon!

Exhaustion. That is the best way to put it. The charts are exhausted. The daily is at 30, the weekly is at 30, and the monthly is at 29. We saw this play out this week after the big move up after the President's speech. The rest of the week was lower, slow drift ending the week not far from where it started.

At this point, I think we are seeing what we expected, a sideways market with a chance of it taking a "breather" by heading down for a pullback.

I want to be careful here and be ready to take BIG advantage of any pullback. All of our trades fired last week giving us a great profit on AMBA and setting up defense on WAC. We do have opportunity on OIL this week, as well as another profitable roll opportunity on our IWM shares and AOBC. I will review in this week's video.

Have a great week!

p.s. I am always looking for feedback on this newsletter and how we can make it better, so please feel free to send it to me at support@tenyeartrading.com.
This Week's Video

In today's video, we go over the exhasution on the chart, set up our WAC defense, close our AMBA trade, and get a new trade on NVDA.

Click below to see the 2016 Year in Review!

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Current Positions
February 2017

Naked Puts

WAC: We sold the Sept '17 $3 put for $.60 with 2 contracts. WAC finished the week at $3.40 and we now need to get defense on.

VSTO: We sold the AUG '17 $22.5 for a credit of $1.75. VSTO finished the week at $2.50 and we now have defense on.

VSTO Defense: We bought the Mar '17 $17.50 put for $.15.

INSY: We sold the Aug '17 $6 put for $.75. INSY ended the week at $11.47. We now have defense on.

MEET: We sold the Aug '17 $4 put for $.45 with 2 contracts. MEET Ended the week at $4.82. We now have defense on.

MEET Defense: We bought the May '17 $3 put for $.10 as defense fo our AUg '17 $4 put.

Spread Trades

NVDA: We sold 2 Sept $75/70 put spreads for $.80 each. NVDA ended the week at $99.

WAC Defense: We bought 2 June '17 $2/1 put spreads as defense for our Sept '17 $3 puts.

DLTR: We sold the Sept $65/60 put spreads for $.85 with 2 contracts. DLTR ended the week at $77.13.

MYGN Defense: We bought the May '17 $14/13 put spread for $.15 as defense for our MYGN rollout.

IWM: We sold the $130/120 March '17 put spread for $.50.

INSY Defense: We bought the May '17 $5/4 put spread for $.10 as defense fo our Aug '17 INSY $6 put.



January 2017

Covered Calls

WAC: We sold the June $5 covered call for $1.00. WAC ended the week at $3.40 and we have defense on.

Naked Puts

WAC: We sold the June $4 put for $.85 with 2 contracts. WAC ended the week at $3.40 and we have defense on.

SUN: We sold the June '17 $25 put for $2.60. SUN ended the week at $25.27 and we now have defense on.

SUN Defense: We bought the Mar '17 $20 put as defense for our June '17 $25 put.

Spread Trades

NVDA: We sold the June $80/75 put spread for $.90. NVDA ended the week at $99. We can buy this back already for $.67.

WAC Defense: We bought the Mar '17 3/2 put spread for $.10 as defense fo our June '17 $4 naked put.

WAC Defense: We bought the Mar '17 3/2 put spread for $.10 as defense fo our June '17 $5 covered call.


December 2016

Naked Puts

AMBA: We sold the May $42.5 for $2.55 with an extrapolation order. We bought this back in March February for $.50.

WAC: We sold the June $4 put for $.50 with 2 contracts. WAC ended the week at $3.40. We have defense on.

TASR: We sold the June '17 $20 put for $1.20. TASR ended the week at $23 and we have defense on. We can buy this back for $.70.

INSY: We sold the May '17 $6 put for $.75 with 2 contracts. INSY ended the week at $11.47 and we have defense on.

Spread Trades

WAC Defense: We bought the Mar '17 $3/2 put spread for $.12 as defense for our June '17 WAC trades using the 15% rule.

TASR Defense: We bought the Mar '17 $18/16 put spread for $.15.


November 2016

Spread Trades
FB: We sold the June '16 $100/95 for $1.00. FB ended the week at $137. We have defense on and can buy this back for $.15.

FB Defense: We bought the March '17 $90/85 put spread for $.18.

AMZN: We sold the Apr '17 $675/770 put spread for a credit of $1.25. AMZN finished the week at $850. We have defense on and can buy this back for $.06.


October 2016

Naked Puts
SWHC (Now AOBC): We sold the Mar '17 $22 for $1.35. AOBC finished the week at $20. We expect it to rise from here.


September 2016
Naked Puts

WAC: We sold the Mar '17 $ $2 put for $.30 with 2 contracts. WAC finished the week at $3.40 and we can buy these back for $.10 and will let them go to expiration.

Spread Trades

SSO: We sold the Mar '17 $60/55 put spread for $.84 with 2 contracts. SSO ended the week at $86.28 and we can buy this back $.05. We will let it go to expiration

August 2016

Naked Puts

MYGN: We sold the Feb '17 $18 put for $1.30. MYGN ended the week at $18.62. We rolled this out to Aug '17 and pick up another $1.00 of credit. We now have defense on.

July 2016

Spread Trades

IWM: We sold the Jan '17 $130/135 put spread for $.80. IWM finished the week at $137. We rolled this to the Feb $134/144 spread for a debit of $.70. We rolled this to the March $136/144 call spread for a debit of $.50. and covered the cost with a put spread. We are going to roll it again this week to the April strikes for a profit.


June 2016
Naked Puts

WAC Rollout: We rolled our Jun '16 $7 put to the Dec '16 $7 put for a credit of $.60. This puts our breakeven down around $5. We let ourselves get put the shares since we are close to breakeven and either let it run up from here or sell calls.

WAC Rollout: We rolled our 2 June '16 $10 puts to the Dec $10 put for a credit $.15 each putting our breakeven just below $8. We let ourselves get put the shares since we are close to breakeven and either let it run up from here or sell calls.

FIT: We rolled our FIT May $17 put to the Jan $17 put for a credit of $2.05. Our breakeven is now under $14 and FIT ended the week at $6 after getting hammered on earnings. We rolled this to the May '17 strike for $.20.

April 2016

Naked Puts

PLUG: We sold the Sept '16 $2 put for $.32 with contracts. PLUG ended the week at $1.10. We let ourselves get put the shares and will sell calls when it gets closer to $2

GPRO: We originally sold the April '16 $25 put for $2.20. We made another $1 from our defense putting our breakeven at $21.80. We rolled this out to the Jan '17 $25 strike for a credit of $.80. GPRO ended the week at $9.00.


February 2016

Naked Puts

VDSI Rollout: We rolled our VDSI Mar '16 $20 put to the Sept '16 $20 put for $1.15. This now put breakeven on our shares in the $15's. VDSI finished the week at $13 keeping us near breakeven. We got put the shares and can sell calls or sell the shares. We have a closing order in place.


November 2014

Naked Puts

EMES: We sold the March '15 $65 for $5.00. Emes finished the week at $17. If you remember, we rolled this out picking up another $3.15 to the June '15 strike. We have $8 in credit from our trades and picked up another $4 in selling out of defense. We rolled it again out to January 2016 picking up another $2.35, so breakeven is now around $50 on these specific shares. We rolled this our to Jan '17 and pick up another $.70 making breakeven overall on these specific shares $49.

In January '17. We allowed ourselves to get put the stock. Our cost basis on EMES all time is around $25, so we will sell calls and let it come up over time.


September 2014

Naked Puts

CRR: We sold the CRR March $60 put for $4.20. CRR finished the week at $14. Overall on our trades on CRR over the years have a nice profit. We received full profit on our defense and our breakeven is in the $50 range on this trade. We completed our rollout of this to the June cycle and picked up another $.85. As I have lamented in previous newsletters, this is the one trade of 2014 I wished I had waited on. I put it on too early in the drop in oil. We have more than made up for it with our previous trades on CRR over the years which has our cost basis below $30, but a lot of lessons learned in this trade.

We rolled our CRR trade out to Jan 2016 picking up another $1.75 making our breakeven below $50 (around $48) on these shares. We are rolled the Jan '16 to the Jan '17 $60 strike and picked up $.85. We allowed ourselves to get put the stock. Our cost basis all time on CRR is around $20, so we will sell calls as it comes back up.


Closed Positions and Trade History

To view the latest closed positions and historical closed positions from June 2013 to present, please click the link below and visit our trade history page.

Click Here to View the Ten Year Trading Formula Trade History
Trades of the Week for 1-8-17
Ten Year Trading Formula
Stock Trades

VDSI: We have a GTC order in to sell our shares at $19.


Covered Call Trades



Put Trades

OIL: We will sell the June '17 $6 put for $.60. We are cancelling this order and changing it to selling the Sept $6 put for $.55 with 2 contracts.

AOBC: We will roll our March $22 put to the June $22 put for a credit of $.50.



Spread Trades

IWM: We will roll our March $136/138 call spread to the April $136/138 call spread for a credit of $.76.



*All orders are setup as Good til Cancel (GTC)
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