Saturday, March 12, 2016

Weekly: staying humble

Another up week for the stock market has me frustrated and disappointed. I did make money, but lagged the indexes. It is humbling. As many years I have in the stock market, I try to stay humble, try to stay in learning mode, try to always think about risk (vs. how much I am going ot make).

Are we back to bull mode? For the bull market to be officially back, we need to see new highs. For SPY that would be 214 or so. Highlights and low lights are a new long position in ULTA, more short covering, some bad news for CMG.

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 Sell TSLA Apr 140 p 140 rebalance
Sell DIS Apr 87.5 p 32
Sell TSLA Mar 172.5 p 80

Wed Sell IWM Apr 94 p 41
Sell CMG Apr 610 c 95 More bad news from Chipotle

Sell DPZ Apr 115 p 30 add long
Sell TSLA Mar 180 p 104

Thu Sell TSLA Apr 260 c 92
Cover TSLA Mar 130 p 02 97% profit

Fri Sell ULTA Apr 160 p 90 New long position in Ulta Beauty, UTLA gapping higher on earnings

Cover SPY Mar 202 c 172 about a 200% loss
Cover UNH Mar 125 c 140 about a 300% loss

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