Friday, May 12, 2017

Weekly: AAPL TSLA VRX

Apple, Tesla and Valeant dominate my trading week. Overall, it was about a break even week.

Here are the trades (p = puts, c = calls, numbers near the end is price per contract, cover typically means buy-to-close):

Mon
Sell AAPL Jun 145 p 78
Sell AAPL Jun 165 c 41
 
Sell TSLA Jun 375 c 53
Sell TSLA Jun 240 p 42
 
Tue rebalance after earnings on MAR, VRX
Sell MAR Jun 95 p 55
 
Sell VRX Jun 9 p 20
Sell VRX Jun 10 p
 
Other rebalancing moves:
Sell AAPL May 148 p 33
 
Sell TSLA Jun 260 p 86
Sell TSLA May 290 p 42
 
Sell BRKB JunW1 170 c 41
Cover SPY May 218 p 03 for a 95% profit, buying power move
 
Wed Cover VRX Jul 12.5 c 158 for a 350% loss
Sell VRX Jul 19 c 15 roll
 
Sell NVDA Jun 95 p 24 earnings
Sell NVDA May 108 p add
 
Sell TSLA May 300 p 75 roll
Cover TSLA May 235 p 03
 
More buying power moves (buy to close)
Cover AAPL May 125 p 01 for a 98% gain
Cover DIA May 183 p 02 for a 98% gain
Cover IWM May 119 p 01 for a 97% gain
 
Fri Rebalancing moves are when I have sold both puts and calls, and the underlying has moved. I often rebalance by selling another layer of options to get closer to the desired delta (often delta neutral):

Sell WYNN Jun 110 p 32
Sell AAPL Jun 145 p 57
Sell VRX Jul 10 p 37

No comments: