Saturday, February 20, 2016

Weekly: relief rally

This week I add some long delta as the market moves up. The rally lifts some boat. My "boat" feels like it has been battered. More details in the monthly update.
Here are the trades: (c = calls, p = puts, sell means sell-to-open, cover means buy-to-close)

Tue Sell SPY MarW1 175 p 51 rebalance on the rally
Cover UA Feb 80 c 200 Another leg closed for a huge loss on Under Armor (700% loss).

Sell DIS Mar 80 p 31 Rebalance

Wed Sell DIS Mar 85 p 47 rebalance again
Sell SPY MarW1 178 p 42
Sell UNH Mar 105 p 67

Sell HON Mar 95 p 48
Sell IWM MarW1 92.5 p 29

Sell SPY MarW1 180 p 47
Cover CMG Feb 380 p 05 98% profit

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