Saturday, October 29, 2016

Weekly: Trading flurry

More internet connection woes for me so no trading early in the week. I do a flurry of put selling early Thursday morning. Many of those stocks falter, so I sell calls to hedge in the afternoon. By the end of the day I am in the red on both sides on some. No bueno. New longs in BA, PYPL, WFC.

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):
 
Thu Sell NOC 210 p 40 earnings
Sell BA Nov 132 p 34 earnings

Sell PYPL Nov 39 p 20 earnings
Sell TSLA Nov 177.5 p 56 earnings

Sell FB OctW4 128 p 16
Sell WDC Nov 54 p 27 earnings

Sell TSLA Nov 235 c 55 Tesla acting poorly, so I hedge the puts I sold in the morning

Sell FB OctW4 133 c 14 hedge
Sell BA Nov 152.5 c 21 hedge

Sell UNH Nov 150 c 16 hedge
Sell ULTA Nov 265 c 25 hedge

Fri Sell CMG Nov 415 c 62
Sell RCL Nov 65 p 20

Sell EXPE Nov 118 p 35
Sell NFLX Nov 150 c

Sell AMZN vertical: 
Sell AMZN Nov 835 c 182
Buy AMZN Nov 855 c 96

New shorts in CMG and AMZN, hedge NFLX, new longs on RCL EXPE.

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