The U.S. stock market tumbled. Some stocks such as Nordstroms JWN got hit incredibly hard. Part of me wants to say I saw it coming, but that might be revisionist hindsight thinking. Just a week ago, I wrote about missing the boat for the most recent rally.
In any case, it was a decent time to be a chicken, and that may have been the best description for my market stance. I was down for the week, but the damage was modest. I some some strangles on AAPL, AMZN and FB, and went far out of the money. I believe every new position for the week is in the red, but that will tend to happen when the market moves down sharply.
Here are the trades: (c = calls, p = puts, sell means sell-to-open, all are third week expiration unless noted).
Mon 11/9/15 Sell BRKB Dec 125 p 53
Wed Sell CMG Nov 580 p 75
Sell AAPL Dec 90 p 25 (strangle)
Sell AAPL Dec 130 c 53
Sell AMZN Dec 550 p 136 (strangle)
Sell AMZN Dec 800 c 58
Thu Sell IWM Dec 100 p 21 (strangle)
Sell IWM Dec 124 c 17
Sell FB Dec 92.5 p 25 (strangle)
Sell FB Dec 125 c 20