Saturday, August 06, 2016

Weekly: JACK MRK PCLN PH TSLA WHR

I start the week out quietly then do more trades as the week goes on. I take a speculative shot on TSLA earnings, which doesn't work out. However, I do damage control and come out okay. On PCLN I got in after the gap up, and in the red for now. On some of the others I took a small position, selling way out of the money puts. I am up for the week, but as almost always, more would be better.

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):

Wed Sell SPY Aug 208 p 39
Sell WHR Aug 175 p 48 new long

Buy TSLA call ratio spread: 
Buy TSLA Aug 240 c 319
Sell 2x Aug 250 c 143 each

Thu Telsa earnings fizzle, I close the bot call for a loss
Sell-to-close TSLA Aug 240 c 128 for a 60% loss
I am still short the 250 calls
Sell TSLA Aug 195 p 59

Sell PH Sep 105 p 40 earnings
Sell JACK Sep 85 p 65 earnings

Fri Sell TSLA Aug 207.5 p 99 rebalance

Sell PCLN put vertical 300 credit per unit
Sell PCLN Sep 1300 p 783
Buy PCLN Sep 1250 p 453

Sell MRK Sep 57.5 p 33
Sell AAPL Aug 102 p 15

Sell SPY AugW4 209 p 31

Cover IWM Aug 97 p 01 roll up after a 95% gain
Sell IWM Aug 117 p 18

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