For
the most part I have been too cautious, too delta neutral during the
recent big rally. I expected another leg down into late November.
Instead, it has been rally mode for SPY and many stocks. AMZN has had
a huge move after the earnings pop and I feel like I missed that boat
and many others. Interest rates ticked higher this week after the
employment report.
Highlights
of a relatively quiet and tepid week of trading for me include small new
long positions in FB and TSLA on earnings. I didn't have the guts to add to CMG
on news and a downgrade.
Here are the trades (c = calls, p = puts,
sell means sell-to-open, weekly options have the W suffix, NovW2
means week two, all others are third week expration. The last number
is price per contract.
Mon
11/2/15 Sell CMG Nov 690 c 35 rebalance as Chipotle moves down on
news
Sell
IBB Nov 280 p 55 rebalance
Sell
DIS Dec 100 p 71 rebalance
Tue
Sell DIS Nov 104 p 38 rebalance
Wed
Sell TSLA NovW2 200 p 40 earnings
Sell
SPY Nov 199 p 31 rebalance
Thu
Sell FB Nov 100 p 28 earnings
Sell
IWM Dec 104 p 43 add to longs
Sell
DIS Dec 130 c 34 rebalance
Sell
TSO Dec 95 p 57 rebalance
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