Valero Energy (VLO) – Shares Purchased
For the first time in many months, I purchased shares of a company. The position size is 4.25% of my account and I set an 8% trailing stop.
Marriott Vacations (VAC) – Shares Purchased
The position size is 5.65% of my account and I set a 7% trailing stop.
Diamondback Energy (FANG) – Shares Purchased
The position size is 4.1% of my account and I set an 8% trailing stop.
Should all three stocks that I hold fall in price and the sell stops be triggered, the damage to my account would be a 1.1% loss. This risk associated with holding individual stocks is something that I monitor.
Expired Covered Calls
The SPY Dec-16 $410.00 and XLE Dec-16 $100.00 calls that I sold expired out of the money so I will not have my shares called away.
My Tactical Asset Model Allocations
With falling ETF prices this past week, my model has an increased allocation to cash compared to the previous week. International equities continue to have a much higher allocation than US equities.