Saturday, June 24, 2017

Weekly: retail bust

The shake out caused by Amazons acquisitiong of Whole Foods continues to send tremors. The latest AMZN idea of sending a big box full of clothes for people to try on, with no charge for returns, and a discount for buying multiple items sent some stocks lower. ULTA would seem to be Amazon-proof, but that stock moved lower, and I took a big loss on one leg. I sold strangles on COST, and so far it is in the red.

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

Mon Sell MCD Jul 141 p 20
Sell NVDA JunW5 141 p 41
Sell ULTA Jul 315 c 50

Sell MCD Aug 140 p 61
Sell BA Aug 175 p 80

Sell BA Aug 220 c 51
Sell NVDA JulW1 177.5 c 66
Sell BA JulW1 185 p 24

Sell COST strangle:
Sell COST Aug 145 p 58
Sell COST Aug 185 c 17

Cover ULTA Jul 285 p 680 for a 700% loss. Ouch

Sell BRKB Jul 175 c 49

Sell TSLA JunW5 337.5 p 45
Sell VRX Aug 11 p 27

Sell UNH Jul 170 p 43
Sell UNH Jul 205 c 19

Sell QQQ Aug 128 p 50

Sell COST Jul 175 c
Sell BRKB Aug 175 c 90

Sell NVDA Jul 172.5 c 151
Sell BA Jul 185 p 37

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