Saturday, October 21, 2017

Weekly: ADBE CMG PYPL ULTA

I initiate positions in ADBE CMG PYPL ULTA. Otherwise, not too much going on. I nip and tuck at other existing positions. Markets continue their slow yeast rise. Will the souffle crumble? Way too many novices seem worried about the market for any significant downside.

Here are the trades (p = puts, c = calls, sell means sell-to-cover, cover means buy-to-close, percentage gain/loss are based on the premium collected, number near the end is price per contract).

Mon Sell CMG Strangle: Sell CMG Dec 435 c 41
Sell CMG Dec 240 p 90

Sell LMT Dec 285 p 85
Cover BA Oct 215 p 02 for 95% profit

Roll BRKB for 195 debit: Cover BRKB Oct 180 c 800 for 470% loss
Sell BRKB Dec 185 c 605

Sell IBB Dec 290 p 70
Sell AAPL NovW1 147 p 53

Tue Sell BABA OctW4 190 c 22

Thu Sell BRKB Dec 200 c 45Sell ULTA Nov 175 p 65

Cover SPG Oct 140 p 01 for 98% gain
Sell ADBE Nov 155 p 39

Sell UNH Nov 190 p 49
Sell AAPL OctW4 162.5 c 20

Fri Sell UNH Dec 185 p 65
Sell ADBE Dec 150 p 71

Sell PYPL Nov 65 p 19
Sell QQQ Dec 133 p 41

Cover TSLA Oct 400 c 01 for 99% gain

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