Weekly: Persnickety

The word for the week is persnickety. It means to be fussy about small details, to nit-pick, to find minor faults. It felt like that kind of week for me. I end up with a tiny plus sign, but it felt like I was losing money every day. First was a whipsaw on NVDA where I covered some calls for huge losses only to see the stock dip two days later. AAPL also caused some consternation as it dipped.

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 based on premium collected):

Mon NVDA run up continues, stops get taken out. I take some losses.
Cover NVDA SepW4 182.5 c 590 for a 1000% loss
Cover NVDA SepW5 185 c 555 for a 3500% loss, perhaps the worst percentage of 2017. Thankfully dollar amounts are small.

I sell some way otm calls but the debit is huge
Sell NVDA Oct 240 c 20
Sell NVDA SepW5 220 c 18

Sell QQQ Oct 133 p 20
Sell BRKB Oct 175 p 84

Sell TSLA SepW5 340 p 47
Sell BA SepW5 237.5 31

Tue Sell BRKB Nov 170 p 75Sell MCD Oct 165 c 18

Sell BRKB Oct 170 p 32
Sell BRKB Oct 177.5 p 95

Wed Sell MCD Oct 150 c 33
Sell FB Oct 155 p 28

Sell NVDA OctW1 210 c 38
Sell BRKB Nov 180 p 235

Thu Sell TSLA SepW5 400 c 23
Cover NVDA Oct 240 c 05

Sell NVDA SepW5 192.5 c 34
Cover NVDA SepW5 220 c 02

Sell AAPL Oct 170 c 25
Sell AAPL SepW5 162.5 c 14

Cover AAPL SepW5 c 02
Sell NVDA OctW1 c 94

Sell NVDA Oct 202.5 c 104

Fri Sell AAPL Nov 165 c 147
Sell AAPL Oct 135 p 23

Sell BA Nov 210 p 81
Sell TSLA SepW5 380 c 46

Cover TSLA SepW5 400 c 02