Saturday, September 16, 2017

Weekly: more bull

Not even another missile launch could rattle the zombie bull market as it lurches forward. On Friday Nvidia broke out to the upside. I scramble to rebalance back near delta neutral. On Reddit, so many still seem to be looking for a sharp down move. Heck, I am one of them. However, I am not letting my bias get in the way of profits. The path of least resistance remains to the upside.

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, percentages are vs. premium collected):

Mon Sell QQQ SepW4 138 p
Cover QQQ Sep 140 p 05 for 80% profit
Cover BABA SepW4 150 p 05 for 80% profit
Cover SPY Sep 235 p 04 for 90% profit

Sell SPY SepW5 239 p 36
Sell SPY Sep27 240 p 32
Sell QQQ SepW4 139 p 16

Tue Cover SPY Sep 249 c 115 for a 300% loss
Sell MCD Nov 140 p 64 add to longs on the dip

Sell SHOP Oct 80 p 20 new long

Sell TSLA strangle 215 credit: Sell TSLA Oct 300 p 154
Sell TSLA Oct 450 c 61

Wed Cover NVDA Sep 180 c 05 for 95% profit
Cover IWM Sep 142 c 54 for 325% loss

Thu Sell NVDA OctW1 145 p 22

Sell AAPL strangle for 37 credit: Sell AAPL SepW5 148 p 22
Sell AAPL SepW5 172.5 c 15

Roll BABA for 36 credit: Cover BABA Oct 140 p 15 for 70% profit
Sell BABA Oct 155 p 51

Cover GILD Sep 80 p 09 for a 25% profit

Fri Nvidia breaks out. I rebalance back to neutral.
Cover NVDA Sep 148 p 01 for 95% profit
Cover SPG Sep 165 c 05 for 90% profit
Cover BRKB Sep 165 c 01 for 98% profit

Sell BA Oct 215 p 40

Sell NVDA SepW4 165 p 23
Sell NVDA Oct 160 p 116
Sell NVDA SepW5 160 p 59

Sell TSLA SepW4 340 p 27
Sell SPG Oct 145 p 42
Sell BRKB Oct 175 p 94

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