Saturday, April 02, 2016

Weekly: TSLA baby

My April Fool's joke is that this week, I made enough money to buy a new Tesla. Which one? The Model S, or Model II? No, the toy version made for little kids. Anyway, a positive week. All my April 1 TSLA options did come in safe, but it wasn't a lot of money. Still, another positive week is a good thing.

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, number is price per contract).

Mon Sell VRX Apr 40 c 22
Sell TSLA Apr 180 p 67

Tue Sell SPY strangles gross 100:
Sell SPY May 185 p 69
Sell SPY May 215 c 31

Sell FB strangles gross 37
Sell FB Apr 107 p 29
Sell FB Apr 124 c 18

Wed Sell IWM Apr 105 p 23
Sell SPY Apr 197 p 22
I make some minor adjustments as the market rally rolls on.

Thu Sell MCD strangles:
Sell MCD May 115 p 55
Sell MCD May 130 c 37

Fri Sell TSLA Apr 195 p 75
Sell TSLA AprW2 207.5 p 61

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