As the rally accelerates I scramble and cover a couple of short calls on COST and DIA. It was a frustrating week, even though I ended up slightly in the green. My initial position in NVDA was spot on, but I exited my long leg on earnings day.
The feeling is like a baseball hitter what he thinks is a home run and trots to first base, only to see the ball careen off the wall, and be stuck on first base. As is almost the case, I am lagging behind during the sharp rally.
Here are the trades (p = puts, c = calls, sell means sell-to-open, cover means buy-to-close, number at the end is price per contract.
Mon Cover (buy-to-close) BRKB Feb 165 c 108 for a 27% profit on this leg
Roll BRKB Feb 160 c to Mar 165 c -255 debit
Cover (buy-to-close) BRKB Feb 160 c 555 -125% loss on this leg
Sell BRKB Mar 165 c 300
Sell SPY Mar3rd 224 p 26
Sell DIA Mar 197 p 73
Sell SPY Apr 212 p 70
Wed Cover DIA Feb 206 c 56 for a 200% loss
Cover SPY Feb 205 p 01 for 98% gain
Sell COST Mar 165 p 75
Sell BRKB Jun 150 p 107
Thu Cover COST Feb 175 c 97 for a 260% loss on this leg
Cover SPY Feb 216 p 01 for a 96% gain
Sell NTES Mar 250 p 76 earnings