Saturday, September 02, 2017

Weekly: bears despair

The bears had a few days of hope in August, only to see the zombie bull crush them again. I was short a bunch of strangles, so the heat got turned up, but I made money this week. Most of the weekly options are coming in safe.

The technical evidence is strongly on the side of the bulls. So despite my prediction of a correction real soon now, I am staying mechanical, instead of letting my prediction creep into bias.

Mon Roll CMG for 53 credit: Cover CMG Sep 250 p 17 for 75% profit
Sell CMG Sep 275 p 70

Sell AAPL strangle: Sell AAPL Sep 145 p 20
Sell AAPL Sep 175 c 18

Sell LMT Oct 265 p 65
Sell NVDA Sep 180 c 58

Sell RCL Oct 100 p
Sell SPG Oct 175 c 41

Sell TSLA Sep 400 c 31

Wed Sell BABA Oct 140 p 53
Sell BA Oct 200 p 56

Sell QQQ Sep 135 p 17
Sell GILD Oct 70 p 21

Thu IWM SepW4 130 p 20
Sell SPY Sep 240 p 37

Sell AAPL SepW2 157.5 p 27
Sell BRKB Oct 170 p 86

Sell QQQ Sep 140 p 29

Cover SPY Sep 217 p 05
Cover SPY Sep 217 p 05

Fri Cover QQQ Sep 146 c 20 for breakevenRoll SPY: Cover SPY SepW2 236 p 05 for 85% profit
Sell SPY SepW4 240 p 43

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