At
the end of the week, I regret some of my BRKB trades. BRKB closed at
160.22 so both side of the 160 strangle would have come in. Instead,
I take a loss on one leg, and roll the other leg. There is the
illusion of perfection,. that a trader can or should know future
prices. As many expected the presidential inauguration did not move
markets.
Here
are the trades: Cover means buy-to-close, sell means sell to open, p
= puts, c = call. The number at the end is the price per contract.
Tue Cover BRKB Jan 160 p 112 for a 200% loss
Sell
UNH Feb 170 c 47
Thu
Sell TSLA strangle: Sell TSLA JanW5 222.5 p 34
Sell
TSLA JanW5 262.5 c 34
Roll
BRKB: Cover BRKB Jan 160 c 55
Sell
BRKB Feb 160 c 246
Fri
Sell SWKS Feb 77.5 p 40
Sell
MRK Feb 57.5 p 20
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