I
took a couple of swings on Disney and Nvidia before their earnings
reports. I whiffed on both. DIS was most frustrating, because 15
minutes after I bailed out, an analyst upgrade and rally would have
gotten me to a big winner. As is, I lost on both. NVDA was bad enough
that there was nothing to salvage (bear bet). Overall, I was up for
the week. I also sold strangles on BABA and more strangles on VRX.
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 BRKB AugW4 147 c 72 rebalance
Sell
AAPL AugW4 102 p 22 rebalance
Tue
Sell BRKB AugW4 142 p 38 rebalance
Sell
BRKB Aug 143 p 22 rebalance
Cover
BRKB Aug 148c 66 about a 45% loss
Sell
SPY SepW1 209 p 37
Sell
VRX strangle:
Sell VRX Sep 20 p 29
Sell
VRX Sep 35 c 17
Cover
AAPL Aug 88 p 01 for a 97% profit
Cover
TLT Aug 130 p 01 95% profit
Buy
DIS ratio:
Buy DIS Aug 97 c 134
Sell
2x DIS Aug 101 c 27 each
Cover
BRKB Aug 135 p 05 for a 90% profit
Sell
BRKB AugW4 143 p 31
Wed
Cover IWM Aug 107 p 02 97% profit
Sell-to-close
DIS Aug 97 c 57 took a shot at earnings, wiffed for a 60% loss
still
short some Aug 101 calls, overall position is a loser. Unbelievable,
minutes after I bail out DIS rips to the upside. Cheese.
Cover
DIS Aug 101 calls x2 18 each for a 10% profit
I
bail out on the other legs, stunned at the turn of events. A decent
winner was minutes away and I walked away, ending up with a loss. If
I knew better, I'd do better. These things happen.
Sell
TSLA AugW4 200 p 56
Bearish
bet on Nvidia earnings:
NVDA
ratio:
Buy NVDA Aug 55 p 134
Sell
2x NVDA Aug 50 p 34 each
Thu
Cover ULTA Aug 230 p 04 for 95% profit
Sell
AAPL SepW1 102 p 21
Fri
Sell BABA strangle:
AliBaba gapping higher on earnings
Sell
BABA Sep 87.5 p 34
Sell
BABA Sep 115 c 12
Sell
BRKB SepW1 142 p 28
Cover
to free up some buying power:
Cover
CAT Aug 77 p 04 for a 90% gain
Cover
AAPL Aug 102 p 04 for a 70% gain
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