Saturday, September 24, 2016

Weekly: Fed Monster Truck Rally

Wednesday was Fed day. Stocks, bonds, and gold all rallied. There was a bit of a fade later in the week, but overall the shorts were wrong. I did okay with my cautiously bullish stance. I was relatively happy with my results. Yes, some big swingers made big money by being aggressive. Long time readers know that I describe myself as a cautious trader.

Highlights include new longs in ADBE, FDX, SCTY, SRPT. 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 WYNN Oct 125 c 41

PCLN vertical: 
Sell PCLN Oct 1300 p 357
Buy PCLN Oct 1250 p 212

Sell SCTY Oct 11 p 25
Sell BRKB Oct 148 p 103

Sell TSLA SepW5 185 p 51
Sell FB SepW5 122 p 22

Sell SRPT Oct 35 p 35

Thu Sell FDX Oct 160 p 44
Sell ADBE Oct 100 p 29

Sell IWM Oct 116 p 34
Sell GLD Oct 122 p 24

Sell TWLO strangles: 
Sell TWLO Oct 50 p 82
Sell TWLO Oct 90 c 50

Sell NTES Oct 300 c 50

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