Friday, May 20, 2016

Weekly: TGIF

Another stressful week with little to show for it. I am glad it is expiration Friday. I was about break even for the week. I took two losses in MCD, and continued to tap dance with my MON, TSLA positions. I was near the red line on buying power.
Here are the trades (c = calls, p = puts, all are third week expiration unless noted, sell means sell-to-open, cover means buy-to-close, number is price per contract):

Mon Sell ATVI Jun 35 p 27 rebalance
Sell TSLA MayW5 190 p 110 rebalance

Sell AAPL Jun 85 p 40 rebalance, news is that Warren Buffet bought $1 billion worth of Apple.

Cover ATVI May 39 c 75 530% loss
Cover XLE May 60 p 01 93% gain buying power

Tue Roll MON calls 90 cent credit
Cover MON May 97.5 c 360 -950% loss ouch
Sell MON Jun 100 c 450

Liquidity is not good on Monsanto options. I roll one short leg of calls to June. It is still FUBAR overall. I rue the day I ever got into Monsanto.

Wed Roll TSLA 25 cent credit
Cover TSLA May 182.5 p 04
Sell TSLA May 197.5 p 29

Thu Cover MCD May 125 p 72 about a 350% loss
McDonalds moves through the strike price, and I take the loss.

More damage control on Monsanto
Sell MON Jun 92.5 p 85
Roll MON calls 68 debit:
Cover MON May 96 c 630 about a 3300% loss!
Sell MON Jun 100 c 562

Sell MON Jun 115 c 89

Fri Roll TSLA 49 credit
Cover TSLA May 197.5 p 04 85% profit
Sell TSLA MayW5 197.5 p 53

Sell MCD Jun 130 c 31 rebalance
Cover MCD May 124 p 84 for a 200% loss
Sell MON Jun 87.5 p 41 rebalance

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