Friday, August 11, 2017

Weekly: Fire and Fury

Tension between North Korea and the U.S., is cited as a reason for the big drop on Thursday. Nvidia earnings were good, but the stock dropped. Most of my losses for the week were from NVDA. I go further and further out on selling premium. My account balance was down, but the losses are modest.

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

Mon Sell TSLA Aug 310 p 46 rebalanceSell LMT Sep 275 p 65

Sell NVDA AugW2 142 p 24 pre-earnings

Wed BA got assigned Aug 220 calls, I had 100 shares long bot at 228
I sold the calls for about 50 cents, so about a 1600% loss on that option leg.

Sell NFLX Aug 162.5 p 44
Sell AAPL Aug 150 p 18

Thu Market dips. I sell calls to hedge sold puts.
Sell NFLX Aug 190 c 12

Sell SPY Aug 249 c 18
Sell QQQ Aug 146 c 11

Sell SPG Sep 175 c 33
Sell LMT Sep 330 c 20

Sell NVDA AugW2 205 c 19
Sell IWM Sep 118 p 26

Sell IWM Sep 146 c 13
Sell AAPL Aug 165 c 15

Sell SPY Sep 252 c 21
Sell ILMN Sep 240 c 40 new long

Fri Nvidia dips on earnings, I rebalanceSell NVDA Aug 175 c 47
Sell NVDA Aug 182.5 c 20

Sell NVDA Aug 140 p 22
Sell NVDA Aug 172.5 c 28

Cover (buy-to-close) NVDA Aug 200 c 03
Cover (buy-to-close) BA Aug 185 p 02

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