Saturday, February 27, 2016

Weekly: upward bias

The stock market edged higher then faded on Friday. For the week, it was an upward bias. We will see if the big moves return, or if a slower moving market returns. I kept rebalancing back towards delta neutral in SPY. That meant a lot of buying high and selling low, but I had a positive week overall. 

I did burn through a lot of dry powder, but I can always close positions and roll the traditional way, if the need arises. I continue my adventures in CMG and TSLA. These two popular stocks have been good to me recently.

Here are the trades (c = calls, p = puts, weeklies denoted by W suffix, W1 is week1, sell means sell-to-open, cover means buy-to-close).

Mon Rally rolls on, I rebalance by selling more puts
Sell TSLA Mar 130 p 81
Sell CMG Mar 395 p 110

Sell SPY Mar 180 p 75
Sell DIS Mar 90 p 59

Sell UNH Mar 108 p 53
Sell SPY MarW2 180 p 35

Sell FB Mar 95 p 52
Sell SPY MarW1 185 p 30

Tue Sell TSLA Mar 135 p 92
Sell CMG Mar 430 p 205

Wed Sell SPY MarW2 199 c 33
Sell TSLA Mar 215 c 68
Sell SPY MarW1 197 c 25

Thu Sell SPY MarW2 182 p 42

Fri Sell SPY MarW2 186 p 43
Sell SPY Mar 186 p 96
Sell TSLA Mar 150 p 96

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