Weekly: Two weeks worth of Brexit

It was a wild market while I was away. The Brexit dip then rally caused a lot of stress, but after the whirlwind, I am ahead. The short version of the story is that I got hurt on the dip, then got whipsawed on a few positions on the rally.

The overall market recovered all of its Brexit swoon. Maybe I can sort it out more after July 15th option expiration. Two new longs are PEP and COST.

Here are the trades for the past two weeks (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):

1st week here:

6/27/16 Mon Sell BRKB Jul 146 c 24

Sell IWM Jul 117 c 18

Sell SPY Jul 209 c 37

Cover FDX Jul 170 c 02 90% profit

Sell FDX Jul 157.5 c 41

Cover MCD Jul 125 c 05 about a 80% profit

Sell MCD Jul 122 c 28

Sell BRKB AUg 150 c 48

Sell AVGO Jul 157.5 52

Sell VRX Jul 26 c 18

Sell SPY JulW2 208 c 23

Sell TLT strangle 85: 

Sell TLT Aug 130 p 51

Sell TLT Aug 155 c 34

Sell TSLA JulW1 175 p 31

Sell VGK Jul 46 c 25

Wed 7/29 Sell SCTY Jun 20 p 41

Sell TSLA JulW2 187.5 p 144

Sell SPY JulW1 198 p 41

Sell AVGO Jul 140 p 70

Sell MCD Jul 114 p 28

Sell VGK Jul 43 p 35

Sell FDX Jul 138 p 35

Sell SPY Jul 198 p 74

Sell TSLA Jul 170 p 60

Sell SPY JulW2 200 p 17

Sell TSLA JulW1 200 p 58

Sell TSLA JulW2 197.5 220

Sell SPY Jul 201 p 94

Cover TSLA JulW2 210 c 325 big loss

Cover TSLA Jul 210 c 735 bigger loss

Sell TSLA JulW1 220 c 33

Sell TSLA Jul 22.5 c 242

Thu 7/30 Cover SPY JulW1 200 p 02 nice profit

Cover SPY Jul 209 c 222 big loss

Cover SPY JulW2 208 c 224 big loss

2nd week here:

Tue 7/5 Sell GDX Aug 25 p 37

Sell IWM Aug 97 p 34

Sell TSLA Jul 197.5 171

Sell TLT Aug 132 p 24

Sell MCD Aug 105 p 31

Sell GLD Aug 119 p 35

Wed 7/6 Sell GLD Jul 126 p 27

Thu 7/7 Roll out and up on TSLA puts:
Cover TSLA Jul 180 p / 

Sell TSLA JulW3 190 p 116 94 gross / 11

Cover TSLA Jul 170 p / 

Sell TSLA JulW3 195 p 188 175 gross / 22

I cover some sold puts to free up buying power:

Cover GLD Jul 117 p 01 97% profit

Cover SPY Jul 192 p 03 93% profit

Sell PEP Aug 100 p 36 earnings

Fri 7/8 Sell TSLA Jul 202.5 p 102

Sell SPY JulW3 206 p 48

Buying power covering:

Cover SPY Jul 198 p 04 95% profit

Cover GLD Jul 115 p 01 95% profit

Roll ULTA Cover Jul 220 p 05 95% profit

Sell ULTA Aug 230 p 155

Roll IWM: Cover IWM Jul 107 p 03 bp

Sell IWM Aug 107 p 54

Cover IWM Jul 117 c 97 stopped out for about a 500% loss

Sell COST Aug 150 p 51 new long Costco jumped on sales report two days ago